Clay Shirky posits that the digital revolution in higher ed has already happened. Among the many key quotes, 'If you rank countries by rate of college enrollment, the U.S. is #1. If you rank countries by rate of college graduation, we’re not even in the top 10. This gap gives us the lowest graduation rate of any developed nation. We don’t have an admissions problem, we have a completion problem. Recognizing this means re-thinking who college is for.'
And, the Atlantic notes that Cheating in Online Classes is Big Business. If you've got the money, there's no need to study.