>The job can be done better for much less.
First and foremost, the lecture part of education is extremely inefficient. I know "watch the video" just doesn't work for some people, but charging for a live rendition of a repeated script, and then not valuing the person who watched the same recording equally, is absurd.
Education needs to acknowledge a couple things. 1) Theres probably a "best" lecture or lecturer out there for each topic. That's an overstatement, and a more documentary style edit of the best lectures is more realistic. The point is, there should be a collaborative way for lecturers around the country to contribute to a shared curriculum, and a group of people editing out redundancy. The amount of people in the country delivering roughly the same speeches is astounding. An open and shared processes for editing would allow for competing edits to exist simultaneously, a la forks and branches. 2) School needs to flip a bit and focus on the parts that need more individual attention. Discussions, Labs etc. Using physical space limitations in lecturers to create scarcity benefits only the schools. Anybody who has been in a 300 person lecture knows how little question and answer interaction there is with most professors, during the lecture. 3) a large portion of the value of school is networking. who you meet, who your environment is and who you absorb. is that the actual thing being sold, elitism? how do you fix that, when the product being sold is club membership under the guise of education? it's a way to manufacture class/caste divides there otherwise wouldnt be, or that would be even more nepotistic. its very much a "i had to do it to get in the club, so the next generation should too."
tldr: "school" is an artificially scarce elite caste membership. just because you pay the membership fee, doesnt mean you actually make the club, but getting in the lobby is a prereq to full membership. make school about education.