The cost of an MBA in Europe has plummeted, thanks to a strong dollar...

A strong U.S. dollar has discounted the price of a European MBA and led, officials say, to increased interest from American students. Add one more upside to the European MBA for U.S. students. Already, MBA programs in Europe offer an advantage to many students in their typical one-year length, cutting tuition along with opportunity costs. And the top European B-schools tend to accept higher percentages of applicants with lower GMAT scores than highly ranked U.S. schools. Over the past year, the strength of the U.S. dollar versus the euro has drastically discounted the price of a European international MBA, and led, school officials say, to increased interest from American would-be MBAs. The euro has plunged from a high of around 1.4 dollars per euro in May 2014 to 1.1 now, making it 21% cheaper for students who use dollars to pay European MBA tuition. INSEAD’s current tuition of 65,800 euros costs $71,557 in dollars – but if the euro hadn’t fallen since this time last year, that price would have been $89,488. Of course, the true savings are even greater when you add in the estimated living expenses of 23,800 euros that come with getting an MBA on INSEAD’s Fontainebleau campus in France. That’s $7,140 less expensive than only a year ago. The price differential is less consequential for U.S. students who enroll at schools in Britain. That’s because the United Kingdom government never adopted the euro and kept its own currency, the pound sterling, which hasn’t suffered as significant a fall against the U.S. dollar in the past year. The price break is less than half in the U.K., at 9.8%. At London Business School, for example, tuition for a student starting in its two-year MBA program this...

Want An MBA For Free? Check Out These Illinois University MOOCs...

Massive Online Open Courses, better known as MOOCs have long been known for their silly name and idealist view on democratizing the college education. This week, one Illinois university gave MOOCs a little bit more cred. University of Illinois Urbana-Champaign announced it would offer all its MBA courses online, for free. That means you can essentially get an MBA from UIUC, ranked in the top 50 nationwide, without paying a dime. Unless you actually want the degree– that will cost you about $20,000, the university said. Regardless, opening up their MBA program as a MOOC is a great way for you to gain a lot of knowledge, on the cheap. And UIUC is not the only Illinois university offering popular online courses for free. Whether you’ve got some extra time on your hands, or are just looking to gain a new skill, MOOCs from a top university can be the way to go. Here are the top MOOCs from universities in Illinois: iMBA from University of Illinois Urbana-Champaign The flagship University of Illinois school made headlines for offering its MBA program online on Coursera, and rightfully so. Starting in June, MOOC-only students get to sit in on classes such as managerial accounting, and focus on specializations such as Leadership and Management, and Entrepreneurship and Innovation. What’s even better is that you can actually get a degree from the university via Coursera, but you will have to be admitted to the certificate program and pay about $1,000 per course. That’s a total of $20,000, which may seem like a lot, but the on-campus price ranges from $50,000 to $100,000. You also get special support from faculty and advisors that students who don’t pay won’t get. Right now UIUC is only...