Bill Gates thinks the Internet will be a better place to get your university education than “place” based institutions, within five years. He does not see the same changes in the K-12 sector.I believe that he is right in terms of direction but underestimates the resistance of the established education industry/bureaucracy. It will take longer.?? However, the trend is inevitable. It is not only online lectures, but also more structure and social support of the kind that LingQ, Lang * and other sites provide. First thing that has to happen is to take away the credential granting authority from the schools. You should be able to get your education wherever you want, and go to specialized institutions to be tested for your diploma, to prove what you know. The present system is like doctors selling the pharmaceuticals they prescribe.