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Offering MOOCs through edX is hardly free. There are options available to institutions that want to build their own courses on the edX platform at no charge, but for partners who want help developing their courses, edX charges a base rate of $250,000 per course, then $50,000 for each additional time that course is offered; edX also takes a cut of any revenue the course generates.

In the debate at Amherst, which boasts a $1.64-billion endowment, money was no object, and the faculty committee devoted to weighing the pros and cons of joining edX did not seem worried about MOOCs as a distraction to teaching and service.

On a larger scale, MOOCs might create a "new and different kind of competition" that could jeopardize more-vulnerable colleges, if not Amherst itself; they could "enable the centralization of American higher education" and "create the conditions for the obsolescence of the B.A. degree."

Citing an internal report on edX, Inside Higher Ed said the school worried MOOCs could: Perpetuate an “information dispensing” model of teaching, which preferences lectures and exams over seminars and teacher-graded papers Take tuition dollars from middle-tier and lower-tier schools Lead to the centralization of higher education in the U.S. Exacerbate the star faculty system