This document discusses the rise of MOOCs (Massive Open Online Courses) and their potential impact on higher education. It notes that major non-profit and for-profit players like edX, Coursera, and Udacity have emerged offering MOOCs, partnering with many universities. While only a small percentage of students and institutions currently use MOOCs, their role in online education is growing and more partnerships with companies are expected. The document outlines opportunities for both threats and universities from this trend and argues that universities should invest in quality while also exploring hybrid programs and new technologies like adaptive learning to develop new markets and lower costs.