Are small, private colleges doomed?

Chris Fralic, one of the bosses at Philadelphia-based multi-venture investor FirstRound Capital, calls this piece by NYU's Clay Shirky the best article he's read in a long time. Read it here: http://www.shirky.com/weblog/2012/11/napster-udacity-and-the-academy/  More on Shirky here: http://www.shirky.com/

Shirky's point, which he draws out through comparisons with the music industry and other businesses that have migrated online, is that free or low-cost online classes are getting better and better and will eventually wipe out -- not the Ivy League -- but most of the mass-market and mediocre colleges that will no longer be able to justify driving so many students into debt.