Here is why...
A nanodegree is focused and is also a proven market concept. With such a degree, there is no question that the academics covered can be applied in the real world immediately - which is not the case of traditional degrees at traditional schools.
A nanodegree is shaped by industry leaders like Google and other great companies. Surely, they need people who can attain company milestones and goals and this is a great way to ensure progress starting at the academic level with students.
A nanodegree is very affordable. Compare the price of a nanodegree against a four year degree at a private college or university. The differences in both time and cost will amaze you.
Again, kudos to Sebastian Thrun on this one. Well done. Heck, even at my mid-career age here, I might even go back to school to take advantage of such an amazing opportunity.
Keith Charles Johnson, MBA, MS Education
Senior Tech Writer, Software Trainer, Author
The Google Productivity Guide
The Affirmations Productivity Guide
Musings of a Technical Writer