I think it will be market-driven.
As the value of credentials relative to demonstrable skill continues to decrease, people will reconsider the proposition of taking on huge debt for a college degree. They'll look for alternative ways to acquire skills, and universities will have to compete by lowering tuition rates and rethinking education. Otherwise they won't attract enough tuition-paying students to cover operation costs. When it comes to the bottom line then administrations will mobilize.
I predict that some universities will make interesting changes (eventually) and many will fail. Just hoping none are "too big to fail".