Prediction on Higher Education (a couple of years from now):<p>Students no longer drive to class early in the morning. Nor do students have to work around class schedules. Instead, students view prerecorded lectures from their laptops/I-Phones. Gone are the days of live teachers and live students.<p>These video lectures were recorded many years ago. The university pays the original "recorded" professor a small royalty for each class. This royalty fee costs a fraction of a live lecture. This allows the university to pay for a top notch professor to lecture/record one semester, then reuse that recorded lecture in subsequent semesters. One-time cost.<p>Student questions are posted to message boards which a professor actively monitors and responds to. Students never ask the same question twice since all previous questions are searchable online. Professor responsiveness is very quick (usually in 1-2 hours). The professor answering questions is a full time professor (which may not be the same person as the original recorded professor). This full-time professor is able to handle four times as many classes due to automation etc.<p>The need for college dorms is marginalized since they are no longer necessary. Because of this, dormitories with excess capacity are demolished since their operating costs are fixed and become a resource drain if not filled to capacity. OR, students get single rooms all to themselves!<p>Tuition prices plummet due to a surplus of pre-recorded lectures on the market. New industries develop that specialize in creating top-notch video lectures for colleges and handling student questions on message boards (24/7 rapid response student support). Local colleges contract with these new companies (again at significantly lower costs).<p>International students also benefit (lower tuition/more accessible classes etc). The reach of the US education system now permeates every continent. This has other benefits to their local economies with a higher skilled workforce. Traveling to the US for one semester may be required (for lab classes which require a live teacher).<p>Tuition for all students is now affordable (and continues to drop as time goes on). Student loans are minuscule.<p>In the end, higher education is commoditized. Prices plummet, quality increases.