For the wealthier and more selective research universities and residential colleges, the time frame for change will be longer. In the decade ahead, they will have to adapt by piecemeal reform to a succession of challenges posed by new technologies, changing student demographics and expectations, and growing competition from alternative providers. They will also face shifting employer needs; the transition from time-based to outcome-based education; and growing demands for equity, accountability, and reduced costs as well as changing regulations.
