I have long maintained that the university crisis will occur as if overnight, after building up over a period of a number of years, a crisis created as legislators decline to fund an increasingly expensive and inefficient system of learning. This article notes one more element in the build-up - the overnight crisis isn't here yet, but it is getting closer. As I have said before, the crisis will suddenly 'appear' when universities lose their exclusive hold on credentials - something bound to happen as alternatives appear on the scene. Related: this item, in which a study reports that the U.S. position in education is slipping. Via University Business.