Earlier quoted context omitted.
50k for the opportunity to score an A. Not for the guarantee. That would make the A utterly valueless.
An honors degree from Harvard (or another Ivy) is still rare (with respect to the general public) and has value even if everyone who graduates gets one.
But if everyone graduates and gets a honors degree, the only thing that degree means is that you were able to get in (either through skill or money).
I’m sure it still has value. But it places all the value at the entrance and selection process instead of the teaching.