W. Kent Barnds '92 wrote a Huffington Post education piece comparing the fate of residential college and the print media.
Free knowledge acquisition threatens what we do: As the acquisition of knowledge (or at least learning "how to") becomes increasingly accessible for free, the purpose of college is questioned at a similar rate. There is a real possibility that students will begin to get their fix elsewhere -- for free.
Costs cannot continue to increase, even with discounts: Colleges cannot continue to raise prices only to offer more in financial aid. This is the amazing conundrum of higher education. We raise prices and then tell everyone that financial aid is the single largest line item in the budget. The business model is broken and irreparable in its current state.