You get a certificate from a top college, but not the credits. By John Miley, Senior Associate Editor April 10, 2012 A number of free online course offerings, some from big-name universities, are giving traditional schools a run for the money. You may even get a certificate that proves mastery of the material. But don't expect such a certificate to carry much weight in the job market, where actual credits are still the only currency that counts.SEE OUR SPECIAL REPORT: Best College Values, 2012 The Massachusetts Institute of Technology recently expanded a decade-long practice of opening its coursework to the public by announcing a new online learning initiative dubbed MITx. The first free class, Circuits and Electronics (it is MIT), debuted in March, taught by an MIT professor. Virtual learners are able to interact with the teacher and with each other. Students are graded and earn a certificate from MITx if they demonstrate mastery of the content (but will not earn MIT credit). Other free online programs offer courses and degrees aimed at providing a university-level education without the price tag of a brick-and-mortar institution. Saylor.org compiles open coursework from top-notch universities into more than 200 classes and awards certificates upon completion. University of the People offers degrees in business administration and computer science. Advertisement But without accreditation from one of the nationally recognized agencies, free online education -- even classes with the allure of the MIT brand -- means little in the job market. "In a nutshell, hiring professionals don't care about them," says Kim Lamoureux, a senior director at human resources research firm Bersin & Associates. Employers worry about verifying the content and learning experience of unaccredited courses. As online learning becomes more popular -- especially as employers partner with online educators to save on costs for tuition reimbursement -- hiring managers may become more accepting of the merits of free education. For now, though, consider the education its own reward.