The biggest effect of the Internet on society has been lowering the bar to distribution of content. It used to be it would cost enough money and resources that you had to have a large company behind you but that’s not the case anymore. Case in point. Microsoft is remaking the classic sci-fi series Blake’s 7. Obviously Microsoft isn’t a small company but what is interesting is it will be exclusively shown on their XBox One game system. The real costs to them were getting the license and producing the show, not distribution. The content industry is becoming disaggregated.
The costs of creating education content are even lower and are subject to the same rules of distribution. Do you have to have a huge campus with sport teams to learn? No. Some people want that but not everyone. Disaggregating the learning from the university is a viable business model. Somebody who comes up with a reputable, effective, and low cost online learning system will be start to eat the university system’s lunch.