Student Housing Market Crash

[Micah Kohls]

Higher Education has historically benefited from geographical advantages. -- A high % of enrollment is based on student access to campus locations. Colleges will now utilize virtual technology for teaching students. Universities will compete on content to capture market share. 

My theory: Colleges that can attract students based on campus social life; such as athletic programs, fraternities, ivy league traditions, etc will likely sustain. However, for the lower tier colleges that were able to gain market share due to accessibility but don't have the (above) attractions will face enrollment problems going forward. 

Why? Because the best colleges will be more accessible online (virtually). They will take market share from lower tier colleges. They will likely make their degrees more cost efficient to students because of the virtual efficiencies. 

Let me put it this way, if let's say Princeton changed their revenue model to adapt to a remote online platform they would lower their tuition fees and in exchange broaden their student base to offer online education degrees. Thus if tuition pricing was similar, would you rather get an online degree from Princeton or attend your local university (for example Eastern Illinois) with no social scene for a lesser degree.