The End of the University as We Know It

The End of the University as We Know It - Nathan Harden - The American Interest Magazine
"The figures are alarming, the anecdotes downright depressing.
But the real story of the American higher-education bubble has little to do with individual students and their debts or employment problems.
The most important part of the college bubble story—the one we will soon be hearing much more about—concerns the impending financial collapse of numerous private colleges and universities and the likely shrinkage of many public ones. 
And when that bubble bursts, it will end a system of higher education that, for all of its history, has been steeped in a culture of exclusivity.
Then we’ll see the birth of something entirely new as we accept one central and unavoidable fact: The college classroom is about to go virtual."