But, much of education, one hopes, is not about employment qualifications or titles but rather about the enjoyment and utility found in learning.
Unfortunately, that's exactly what lightfire appears
not to be interested in. His complaint, for example, is that he can't get the title "PE" (Professional Engineer) without an accredited engineering degree (this complaint, btw, is factually wrong, but what the hell). There is, of course, no knowledge conveyed by the degree itself, as MattC has pointed out, and as you can imagine for yourself by thinking about a person who quits MIT three foreign language credits short of a degree, and therefore has no formal credentials despite having completed all the engineering coursework.
But this raises the question about what MIT does offer -- and whether it's worth the $50,000/year or so. And the answer is fairly obvious; aside from the prestige of the degree (which probably does inflate the price), it's also a superb engineering facility. The equipment to which a typical student has access --
requires access to complete their work -- would cost tens of thousands of dollars a year to rent and hundreds of thousands to purchase. MIT can afford it because it buys equipment for hundreds or thousands of students and therefore can amortize $100,000 across 1000 students to about $100/each.
Library access, of course, is a nice university perk. Most of the high-end scientific journals cost hundreds or even thousands to access if you do it on the free market. My university -- which has such a pitifully inadequate library that our accreditation board has remarked on it -- spends hundreds of thousands, possibly millions, on journal access each year. Even Google spends millions on this kind of access -- and, by contract, is not allowed to re-deliver this content via Google Scholar. (Yes, I've spoken to the backroom boys at Google about this....) I can only assume that lightfire the autodidact will somehow conjure up access that Larry and Sergei can't?
Similarly, faculty access can be valued at --
is valued at -- millions per year; MIT has taken tremendous trouble to recruit some of the top experts in the various fields and compels them not only to offer lectures, but also individual one-on-one instruction
at no cost above tuition. (Yes, that's what office hours are for.) Lightfire suggested that a university education is worth only about $10,000. Phone a lawyer for advice sometime, and you'll see that it typically costs $250 or more to have a single question answered. If he's asked
forty questions over the course of his undergraduate degree -- that's basically dropping by one professor's office per month -- then he's gotten more than $10,000 worth of education
in personal tuition alone. And if he's not dropped by office hours at least once a month, then he's obviously not taking advantage of the educational opportunities his university is affording him.
So while it's
possible to self-educate, the idea that the universities are doing education particularly inefficiently (as he's claimed) or that they're somehow extorting money from students greater than services rendered (as he's claimed) is patently absurd. Universities exist -- and have since the 13th century -- precisely because they offer economies of scale, something that has been recognized by other organizations like Bell Telephone Labs ("What good is an expert if he isn't just down the hall").
They offer an extremely valuable service, and justly charge for it. Unlike almost all other comparably situated "guilds," however, opening a competing service is not only not blocked, but valued. You simply have to offer service of comparable value and quality. But to do this, you need to
have comparable quality, which means you have to demonstrate either proven credentials in a form acceptable to the academy, or have a proven record of quality that few if any 20 year olds will be able to demonstrate.