@57special posted:Was talking to a NYU sophomore today(Business). He says that the NYU Admins are adamant on not taking a paycut, and are getting a lot of flack for it.
This is always the reaction to a disruptive event in an industry, any industry. It's always the same - the incumbents take steps to preserve the business model, hold the line on pricing/revenue, ride it out. Sometimes it works, but when the disruption leads to permanent industry change, the dinosaurs die off.
I have no doubt NYU will survive, along with the Ivy's, the likes of Duke and other top private and public universities. But there are many, many universities that are pretty mediocre yet charge stratospheric prices. People will figure out they don't need to pay $60k+ for a mediocre education, or even a great education. The genie is out of the bottle with regards to online learning.