Because someone figured that they will make the most profit at that price point taking costs into account. Keep in mind that there are also presumably per stude

Because someone figured that they will make the most profit at that price point taking costs into account. Keep in mind that there are also presumably per student costs for things like grading assignments, exams, virtual office hours, etc. edit: Profit as institution, not just on this program, devaluing their in-person MS programs by charging very little for the online version would be a net negative in profit for example.