Most students do not need the university to have expensive professors or expensive administration or research capabilities. They need a place that will teach them in a classroom. And they also need a place that will give them a credential to prove what they learned. It doesn’t matter that random professor is doing random research - it’s some underpaid grad student that is teaching you after all. And these things don’t need to be under one roof.
We badly need alternatives - for colleges and also public schooling in America. I don’t know if this is the solution or one among them, but I would like to see more experimental approaches like it.