I was inspired today by the article "E-Commerce companies bypass the middleman."  Choice quote:

 "they discovered that everyone in the process was taking a cut: designers, manufacturers, brands, wholesalers and retailers.  But what if they left out most of those people?"

That is exactly what the higher education industry needs. One professor.  Twenty students. everything else is outsourced at cost.  Scale up to maybe 20 professors with 400 students and you have a Bachelors. Twnty professors can easily

• Teach a complete liberal art, science or even engineering curriculum
• Decide on important things in committee, such as
• Whom to admit
• Whom to graduate 
• Where to meet
• Whom to hire to replace retirees
• Where to buy supplies
• Collaborate to contract out simple tasks, like
• Photocopier maintenance
• Janitorial services
• Graphic design
• Tuition payment processing
• Cloud computing services
• Outsource for free the things that used to cost, like
• Content creation
• Citation metrics
• Student social networking
• Homework distribution and collection

I only wish anyone (including myself) cared enough to make this happen....