While I do expect universities to continue existing, I think the diploma mill aspect is on the way out. What's the point when it's so easy to cheat your way through?

I expect we'll see much smaller numbers of people going to college 20 years from now and far fewer employers requiring it. The model itself will have to become more intimate, so that professors can really assess each student's competence.

Undisciplined

BooksAndArticles

Double-Plus-Ungood: GMU's Orwellian "Just Societies" Mandate

elvismercury

I think the value of a university education will be with us in twenty years; and it could even be higher.  But it will be the result of a fundamental pivot in what it attempts to do, and the signaling value of what it means to 'graduate' from such an institution.  

Broadly, I think most of the upside will come from the world being very explicit about what universities do now, and how they do it.  In this, as in much else, reform won't be possible until people first admit the truth.