And when that link fails, when you can get a certificate in 3 days as opposed to 3 years, when you can study interactive online courses with top-notch content at your own rhythm as opposed to a 4-year outdated programs, then it will happen: certification will be independent and traditional universities will have serious disruption in their tuition prices and budgets.
What will not happen is the demise of high-end education and student loans. The senate & president won't let it fall; US needs to keep itself competitive, especially versus EU where most states heavily subsidize education from taxes. The society and the police can't afford uneducated children.