As concerns about the skyrocketing costs of a college degree have converged with the increasing availability of open educational resources (OER), higher education administrators are asking faculty and curriculum designers to use OERs to design courses and programs. This case study explores the decision making process and outcomes of an online, for-profit university's attempt to build low-cost business degree programs using open educational resources. The paper concludes with a list of suggested criteria for evaluating open source content when designing similar programs.