Bill Gates envisions that five years from now the best education will come from the web, he predicts online lectures will offer much more affordable higher education that will be better than any single university. Gates believes technology is the only way to bring education back under control, and that college needs to be less "place-based":
“Five years from now on the web for free you’ll be able to find the best lectures in the world,” Gates said at the Techonomy conference in Lake Tahoe, CA today. “It will be better than any single university,” he continued.
He believes that no matter how you came about your knowledge, you should get credit for it. Whether it’s an MIT degree or if you got everything you know from lectures on the web, there needs to be a way to highlight that.