“For a while it really felt like a rocket ship, with folks desperate not to be left behind,” says Peter Stokes, executive director of postsecondary innovation at Northeastern University’s College of Professional Studies.

“I think that phase has passed, and the folks who are starting to do the work are starting to realize that these efforts … have real costs for the institution,” says Mr. Stokes. “And I think that’s creating a little bit more sobriety about how folks view the opportunity.”