Aug 11 2012: From the perspective of the student - I see Brick and Mortar Universities largely having to change their business model, as they are loosing their monopoly on being the "primary source" of upper education. The "drivers" - cost (least cost for the student), time flexibilty, and ability to change commitments. My personal opinion is that the Universities may have to operate on less Government money, (as it will be in short supply), and increase partnering activities with private industries for complementary funding. The cost for making an education "module" is recording a series of lectures, posting them online, and possibly designing some testing; however, once it's completed, it can be re-used ad infinitum.
The same will happen with text books (being "on-line", and available for free).
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A comment on Conversation: The end of university?
The same will happen with text books (being "on-line", and available for free).