I think this is a little narrow but perfectly valid. People get all squingy in my program when I bring up the idea of what value a college or program creates. They assume I'm being arch-capitalist about it.

The schools don't create value for students because they are bad at teaching. Having all the materials online is not learning, and its not good education.

But, the fact that students can create a better learning environment themselves than can a faculty member who knows the content and works at a university teaching the conten should be shocking.