The value of a good education lies in its signalling power too.
There are plenty of good professors in non-elite schools, many undergrad classes are approachable enough that a self-motivated student could absorb a lot of content with little supervision, and a lot of schools make their material available through online platforms. All these are great for learning but replicating the signaling part is more difficult.
There are plenty of good professors in non-elite schools, many undergrad classes are approachable enough that a self-motivated student could absorb a lot of content with little supervision, and a lot of schools make their material available through online platforms. All these are great for learning but replicating the signaling part is more difficult.