This mistakes what the actual job of universities is
Universities are not about providing an education.
9 of 10 people will tell you that most of what they learned happened in other places (in their early education, their extracurriculars, on-the-job, etc)
The university's primary products are signaling, prestige, networks, access to opportunities, credentialing for certain regulated professions, social capital, etc
Peter is right that they are dramatically overpriced
Increasingly, the prestige, networks, social capital, etc can also be generated by proving capability
An interesting coming 10-20 years for universities
Hot take: Universities charge $300,000 for a degree that teaches you skills any LLM can do for free. At some point we need to have an honest conversation about whether higher education is the greatest individuals misallocation of capital in recent history.