When the bubble bursts for college enrollment due to rising costs (student debt) and competition from virtual colleges, the collapse won't be evenly distributed. The major universities with campus life, the prestigious ivy leagues, and the engineering schools will survive. The over-priced liberal arts schools and community colleges will be in trouble. I think the strategy for most college presidents is to be prepared to compete for a declining number of applicants. One way is to cut costs and try to increase the value of the degree. The other way is to grow into a larger university with the full campus experience. The latter seems to be the popular approach.