Inside Minerva, a Silicon Valley Bid To Start an Elite College Online

An anonymous reader writes with this article about The Minerva Project, a for-profit company now backed with more than $95 million from Silicon Valley venture-capital firms. Its goal is both audacious and unprecedented in the recent history of higher education: to build a name-brand, elite, liberal-arts-focused university that would cost about half of what Ivy League institutions charge. There's no campus, and all the classes take place online, but the students all live near each other in San Francisco. As small liberal-arts colleges like Sweet Briar shut down, is this campusless college the future?