The Association has addressed the possible of excess supply of higher education in the US as one of the factors which may have caused increasing competition and current wave of college merges and closures.  This morning we have just learned that another online university has been created.  Looking at who behind this institution, one may infer that this newly created institution has the financial backup to sustain from financial dependency on either state and federal financial aids programs, such as student loans.  As of now it will only offer technology related courses.  However, it may expand its courses as time passes by.  Increase competition is a good news for the consumers, but may have further pressures on the supply side.  Especially for institutions that offer similar services.