Early this month, Texas A&M University-San Antonio President Maria Ferrier and Alamo Colleges Chancellor Bruce Leslie announced that they had devised a bachelor’s degree that costs roughly $9,700.

The news was met with understandable enthusiasm. “Texas A&M-San Antonio answers the $10,000 question,” declared Thomas Lindsay, director of the higher education center at the Texas Public Policy Foundation, a conservative think tank that gained notoriety in the higher ed world in recent years for pushing a set of controversial reforms.

Read more here at The Texas Tribune.