The value of that $75k/year was never from the classes themselves but from the social proof, networking, and opportunity to live among other like minded young people at similar stages of their lives (and exposure to different people/ideas through that). The classes themselves are essentially commodities. A lot of highly ranked universities don’t even have great teachers for many of their classes.
Universities that derive much of their value for being a proxy for some combination of intelligence/privilege can keep their value going into the future because they’ll likely remain just as selective if not more so over time. It’s the not-particularly-selective, small private colleges and universities which have their business model under threat, IMO
Universities that derive much of their value for being a proxy for some combination of intelligence/privilege can keep their value going into the future because they’ll likely remain just as selective if not more so over time. It’s the not-particularly-selective, small private colleges and universities which have their business model under threat, IMO