I am a student from Rural India, studying at an "engineering" "college" (obviously in urban area). The minimum cost for getting into engineering degrees is too much for rural income scales here. And the quality of education is PATHETIC (everything is rote learning based and everyone is trying to game the system, because edu system is so mechanical).
Since the formal education is so costly and ineffective[0], many people like me would benefit from a commoditization through online medium. I started learning programming one year before I joined the college in Bachelor of Engineering (CSE) program. And having seen the teaching methods and rat race, I am pretty sure I can learn better if I go on my own. But there are too many stakeholders in the ineffective process, that would prevent such a thing from happening.
But even if they conduct college through online classes for the next year, I would be happy, because I would save on accommodation expenses by staying at home :).
[0] The ineffective four years of education is probably why many people complain about Indian SWEs. The entire thing is rat race for sustaining jobs - then mechanically clearing exams, copying GitHub repos, lying on resumes etc... If all of these people chose their subjects with genuine interest, about only 10% would be studying in CSE and "Indian SWE" would've had a better image worldwide.