The end of the university

Kevin Carey thinks universities will soon go the way of the newspaper:

Colleges are caught in [a] debt-fueled price spiral… They’re also in the information business in a time when technology is driving down the cost of selling information to record, destabilizing lows.  In combination, these two trends threaten to shake the foundation of the modern university, in much the same way that other seemingly impregnable institutions have been torn apart.  … Students will benefit enormously from radically lower prices… But these huge changes will also seriously threaten the ability of universities to provide all the things beyond teaching on which society depends: science, culture, the transmission of our civilization from one generation to the next.