I finally got around to reading through a great report jointly published by the Center for American Progress and the Innosight Institute. Disrupting College: How Disruptive Innovation Can Deliver Quality and Affordability to Postsecondary Education was published in February of last year and was authored by Clayton Christensen, Michael Horn, Louis Caldera and Louis Soares. For those of you that enjoy anything written by Clayton Christensen and team, this is a must read and addresses an important topic. However, I do believe the report glosses over a key job that colleges and universities are hired to perform. That job is to provide an environment where students gain wisdom through the college experience,  a critical piece to the transformation to adulthood. It is far from clear how that job is or will be disrupted. However, if and when an enabling technology begins addressing that job even feebly, the pace of disruption will accelerate tremendously and all but the most prestigious colleges and universities will be overwhelmed.  

Disrupting College Report by Christensen et al
The Disrupting College Report was published in February of 2011.