The document summarizes the goals and timeline of the Open Course Library project. The project aims to design and share high enrollment college courses, improve completion rates, lower textbook costs to $30 or less, and engage colleges in open educational resources. Phase 1 launched 42 courses in 2011 and Phase 2 will provide 19 additional courses in mid-2013. The project will study the impact of the open courses on student retention, course choices influenced by low-cost materials, and faculty teaching practices.