I think this is true in the pure educational sense. There's nothing in most non-research degrees that you need a particular person or scarce resource to learn. Everything is public and nowadays online. It's even better: If you don't understand one guy's explanation of vector calculus, you can get another guy's without getting out of your seat.

The problem is there are so many people with degrees, and there's a vague but established pecking order of universities. People still would rather hire someone from a top uni, especially in the Anglosphere. For most things that aren't dev work it's like the old IBM quote, you won't get fired for hiring the Harvard grad.

For not-top unis that teach you the same stuff, I think they're gonna be in trouble. The mini-mill has already been built, and there's a huge gap in price that will only make it more attractive to just do a degree online.

Even looking at my own education, it could have been done a lot faster. In terms of time it added up to 96 weeks of class time. At the time you needed professors meaning it had to be spread over 4 years, so you got a bit of socialising as well, but it's have loved to just do a massive intense 2 year course and be done with it. Fact is you socialise better at work: you'll have more varied people and a bit of cash to pay for stuff.