If you can't increase the price, reduce the volume. How profitable is that? Almost no content, just packaging. Micro-manufacturing makes another inroad. This rule can apply to any business.
As a trainer, graduates would happily pay for "on demand training" or "support" as it goes. We just have to expand our definition of training and get out of the MODULAR framework.
Distance education need not be the heavy machinery it's made out to be. With Google Video, skype, etc. much could be accomplished with free tools.