An argument I've been making to family and friends for a while now. Once everything you can get in an on-campus college course, other than the credentialing, is available online, who's going to pay 10K plus per year for credentialing?
The college classroom is about to go virtual.
Resist or not, major change is coming. The live lecture will be replaced by streaming video. The administration of exams and exchange of coursework over the internet will become the norm. The push and pull of academic exchange will take place mainly in interactive online spaces, occupied by a new generation of tablet-toting, hyper-connected youth who already spend much of their lives online. Universities will extend their reach to students around the world, unbounded by geography or even by time zones. All of this will be on offer, too, at a fraction of the cost of a traditional college education.