At many schools the cost increases over the last few decades have very little to do with increasing the quality of education and a lot to do with unnecessary expenses and ever growing administrative bloat. It’s going to be hard for schools to justify their cost when they’re running essentially an online school and that’s the first step towards the whole house of cards falling apart. Expect to see a lot of changes in the coming years. It will be painful but for the best in the long term in getting schools back to basics of providing education.
Schools like Harvard will be fine but outside the top tier it’s about to get real ugly.