On the other hand, FLG believes there will always be a market for an exclusive residential college experience; however, he's not sure how much of a market there will be. The Ivies, Stanford, MIT, and Cal Tech will survive to provide this. If FLG had to guess, there'll be enough people willing to pay for that experience to keep the somewhere in the top 50, maybe top 100 schools in the residential college business.
FLG is interested in how the public schools will play out. Good flagship state universities, like Michigan, Virgina, Berkeley, ULCA, Texas, and Wisconsin are well-placed to be dominant in the large, online university marketplace. However, FLG sees a lot of the students who attend non-flagship universities being consolidated into either a state or regional online university. The first to switch over will be the commuter students, but eventually most students will probably attend online. To take FLG's current state, Virgina, as an example, UVA and William & Mary will probably be able to remain residential. FLG doubts that George Mason, James Madison, and even Virginia Tech will be offering a residential college experience two decades from now.
But who knows? The future of higher ed is probably about as up in the air at this point as anything.
In case you were wondering what got FLG thinking about this, well, he registered for two free online courses from Coursera and Edx, respectively - Financial Engineering and Risk Management and The Ancient Greek Hero.