The document discusses how online education is transforming colleges and universities in the United States. It begins by cautioning institutions not to "perfect the irrelevant" and to know what business they are in. It then provides statistics on internet and social media usage to illustrate how ready society is for online learning. Several studies are cited showing online and blended students perform equal or better than face-to-face students. Examples are then given of several universities that have experienced growth and strategic benefits from online education, including increased access, flexibility, and revenues. The document advocates for a focus on quality using a collaborative consortium approach.