[timedoctor]

This is just the beginning. I can see a future where top ranked universities offer online degrees at a small fraction of the current prices.

In fact I think the pricing will be separated out so that the lectures are 100% free and you pay for examinations or for tutoring or for small group mentoring with professors.

The logical conclusion is mega-universities that teach to millions of people in multiple countries around the world and out-compete existing universities leading to a large percentage of current universities being shut down or used only for courses where in-person training is necessary (for example medicine, some engineering courses etc).