The future of lower-tier universities is bleak. Once MOOCs have been refined, top-ranked schools will dominate market share, and if they play it right, will make a
lot of money. Who would rather take classes at a run-of-the-mill state school vs. an Ivy League university online?
And when that happens, it will open questions about the antiquated college admissions processes of said universities, which evolved from the physical limitations of campuses. Who is the more ideal job candidate between person A who was admitted to an Ivy League because he/she had the know-how and resources to play the college admissions game vs. person B who didn't, if person B is able to get higher grades on said Ivy League coursework? This will no longer be a hypothetical question when MOOCs have matured. This effect will put downward pressure on tuitions, which will be a good thing for students, while at the same time enriching the handful of colleges and universities with enough of a brand name to make it in the MOOC world.