Higher ed is often described as a bubble—and much like the housing market in 2008, the thought goes, it will ultimately burst. But what if it’s less of a sudden pop and more of a long, slow slide, and we are already on the way down? We are living through the greatest time in history to be a learner, with the availability of so many high-quality free materials online. But at the same time, the institutions most affiliated with knowledge and learning are facing crisis.