>> The truth is that universities sell all of these things, bundled together. And that’s a big reason they’ve been able to raise prices to astronomical levels over the past several decades — it’s really hard to disrupt all of those things at once.
No, it's because no matter what the cost of school is, universities know their "customers" will just take out a loan to match whatever the price is. And one way to "disrupt" this is to make public universities free for in state students, similar to what California used to do with the UC system.
It was difficult to read the rest of the article given that it started on this false premise.
More specifically, this article should really define what MasterClass is right at the beginning. Because given the picture at the top, I thought it was referring to the generic masterclass [0]
No, it's because no matter what the cost of school is, universities know their "customers" will just take out a loan to match whatever the price is. And one way to "disrupt" this is to make public universities free for in state students, similar to what California used to do with the UC system.
It was difficult to read the rest of the article given that it started on this false premise.
More specifically, this article should really define what MasterClass is right at the beginning. Because given the picture at the top, I thought it was referring to the generic masterclass [0]
[0] https://en.wikipedia.org/wiki/Master_class