(From the Texas Higher Education Coordinating Board [THECB]): 
Higher education partners launch Texas Affordable Baccalaureate Degree
Feb. 6, 2014 – Austin, Texas – Three higher education partners have launched an innovative Texas Affordable Baccalaureate Program, creating the state’s first competency-based bachelor-level degree from a public institution. This unique, low-cost degree will give Texas students the opportunity to acquire a high-quality bachelor of applied science degree with an emphasis in organizational leadership. This degree is designed to provide the skills employers have identified as necessary for the 21st century, at the same time allowing students to accelerate time to completion and potentially save considerable money as they pursue their higher education dreams.

“In 2011, Governor Perry called on Texas higher education to develop low-cost alternatives for earning a college degree,” Higher Education Commissioner Raymund Paredes explained. “The launch of this program answers that call and demonstrates to institutions around Texas and the nation that faculty-driven collaboration and the adoption of game-changing innovations in higher education delivery can create new, affordable pathways to degree attainment.”  READ MORE HERE