Massachusetts Institute of Technology (MIT) is now gonna mark their other milestone by Launching their new online learning platform, MITx. This will not help you to get a degree from MIT. But it will definitely help you to access various courses for completely free.
The institution will also make the MITx platform available to other schools for publishing their own content, and will even offer assessments with the option of earning a certificate of completion -- issued by a not-for-profit entity with a "distinct name to avoid confusion," of course. All other online only students (Non-MIT) can access all these courses as well as MIT students but still they will not be able to make this online classes as useful as a campus. MITx is scheduled to go live next spring, but you can get a head start on that fictional MIT degree by checking out OpenCourseWare.