Lipscomb University announced Monday that it will create a new option for students to finish a bachelor's degree in three years. Participants will have to take summer courses, but they will still be able to save $10,000 in college costs and enter the job market a year ahead of others. Sen. Lamar Alexander, a Republican from Tennessee, was on campus for the announcement. While relatively few colleges have seen major demand for three-year programs, Alexander has encouraged more colleges to experiment with the idea.