Will the Internet put universities out of business?

More than half of recent college graduates in Washington state enter the stiff job market more than $20,000 in debt. But now, many universities are launching online courses, some even for free.
Starting this fall, the University of Washington in Seattle will offer a degree in early childhood education and family studies, completely online. When the announcement was made, the UW touted its “low cost” of $7,000 a year.