Much of what is "taught" can be taught online. But much of what is "learned" is learned in person - through the face-to-face interaction of researching, discussing, debating, exploring and comprehending, with individuals, in groups, and in classrooms. The large lecture hall is outdated (unless you need a time and place to nap), but what can't be experienced online is what students are immersed in through smaller group settings. And it's not just for the content; in fact, I think the benefit is mostly around the social skills - effective communication; learning how to articulate a point; the art of influencing, negotiating and consensus-building; "reading" others' expressions and body language; and building friendships, relationships, and networks that can last (or evolve over) a lifetime. People who will be most successful in life aren't too different from those who have always been successful; they have a great work ethic, they're able to work with others, lead effectively, synthesize knowledge through a variety of lenses and perspectives, and have a base of knowledge built more on experience than on academics. The key is to use (and develop) world-class content, and deliver that content through channels and settings (online and physical) to augment the learning experience. My two cents.