The university system is a State subsidised and protected cartel. Some text books cost hundreds of dollars. Where are the trust busters who want to protect consumers from price-gouging monopolies?
The university system has the economies of scale to reduce the cost per pupil down to practically nothing, and especially so with the availability of inexpensive computers, multimedia, and collaboration tools.
The teachers enjoy the benefits of protectionism, and the students are naive, credulous, and idealistic.