This document discusses how the rise of cloud-based technologies is transforming education. It notes that over 6 million US higher education students now take at least one online course annually. The cloud is breaking down barriers of time and place, allowing ubiquitous and flexible education. This has led to an explosion of massive open online courses (MOOCs) attracting millions of students. However, questions remain around business models, content ownership, and the impact on traditional institutions. While the cloud enables many new opportunities, it also poses challenges around identity, privacy, ownership, and the power of incumbent educational institutions.