The Real Tsunami
By William G. Durden
In a recent Wall Street Journal interview about college costs and online learning, Stanford University President John Hennessy said, “What I told my colleagues is there’s a tsunami coming. I can’t tell you exactly how it’s going to break, but my goal is to try to surf it, not to just stand there.” Stanford and other elite institutions, such as Harvard and Carnegie Mellon Universities, and Massachusetts Institute of Technology are not sitting back and waiting for technology to disrupt higher education — they are out there experimenting with both delivery formats and cost. They are part of the change. This is why they are elite. They boldly anticipate. And they have the wealth, confidence and the unassailable market niche to do so.