Look around you and count how many black offices for solving the exams and assignments are there.
From my point of view, e-learning alone will not succeed without traditional learning. Furthermore, I see that e-learning hasn't achieved the desired aims or results for developing countries and traditional learning is better. This is because there are many black offices for solving exam questions!! These offices made online learning a trading stock that resembles the slave-market.
At least, the hybrid learning of both of them is better than the traditional one.
In any way, exams must be inside the educational institutes with the physical attendance of the students.
Please share your experiences so we all can get better.