What will Higher Education of the future look like?
Colleges and Universities Will Try to Open, But It Will Be Challenging – Most private colleges and universities, and a large number of public ones, will welcome students to campus this fall because failing to do so will result in total financial disaster Is.
Revenue will be greatly reduced, and costs will increase – even if they open, universities will be hit financially.
Colleges will maintain a major online presence - Lots of shared governance challenges will surface as a result.
The nation will debate the value of in-person education - Defenders of the traditional model -- like defenders of the liberal arts over the last 40 years -- will lose, despite having many great arguments on their side.
There will be massive online competition and consolidation -Institutions will need to carve out a specialized niche -- or possess a strong and enduring brand -- to survive.
An existential crisis and many will close - I suspect most, some will close and consolidate campuses as students migrate to a comprehensive and consolidated online system.
No federal bailout - Despite the financial devastation, there will be no bailout of higher education, because our schools, unlike airlines or banks, lack the political clout needed to mobilize sufficient support.
More corporations will enter the market – Since more education is delivered by IT and not on a traditional campus, technology companies are expected to enter the market.
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