Texas will have its own subsidiary of a national online university that offers low-cost degrees targeted at working adults, Gov. Rick Perry announced last week.

Perry signed an executive order launching Western Governors University Texas, a subsidiary of the nonprofit Western Governors University. Founded in 1997 by 19 governors, including former Texas Gov. George W. Bush, WGU is self-sustaining through tuition.

“WGU Texas provides another flexible, affordable way for Texans to fulfill their potential and contribute their talents for years and decades to come, without any need for state funding,” Perry said in a press release.

Unlike traditional universities that are based on accumulating credit hours, WGU students work at their own pace and move on when they have proven mastery of the subject matter. The average time to a bachelor’s degree is two-and-a-half years, and the average cost is $15,000.

Bachelor’s and master’s degrees are offered in fields such as business, information technology, nursing and education. The university enrolls 25,000 students nationwide, including 1,800 from Texas.

Read more at: mysanantonio.com