In that sense foreign universities are already disrupting US education with much lower overhead.
Take a 4 year bootcamp which operates in semesters, and you got something very similar to university.
I don't know why you'd need any more than 1 semester at a boot camp to learn the basics or enough to work with a new programming language or framework.
Again, it's not about the education, it's about the willingness for someone to hire you and pay you money. So even if a boot camp that costs 1/10th of a college is subsidized so that tons of people join it, most employers will still see boot camp graduates as inferior to university graduates, because reasons, and because they want to avoid making the wrong hiring decision as much as they want to make the right one.
But this is not true. Employers are already not willing to pay university graduates 4x salary as they did a few decades ago. Correlation between university degree and skills is decreasing.
This already happened in post-communist countries, Germany etc.. 70% of people have university degree. Everyone is overqualified for 90% jobs, and you get PhDs who work as cashiers. In that environment nobody asks for education because it is waste of time (low correlation between degree and skills).