In the US, the “college experience” has been around for a few hundred years, and has survived past pandemics, world wars, a major depression and a few recessions.
The big, well known/wealthy privates and flagship public will survive Corona as well.
I think Covid may reduce, temporarily at least, the number of students who can afford the pricey privates whose “college experience” is their key selling point. It will likely also reduce, permanently, the number of already financially strapped smaller, lesser known campuses.
Academic content will also likely change over time, but not due to Covid. Rather due to changing demands, technology and intellectual/scientific trends.