This is for a master's program in filmmaking at Columbia. For the most part we are talking about children of the elite and privileged being taken advantage of here.
If that is true (which I find incredibly hard to believe) it literally makes no sense. The utility and the ability of a car to give you a ROI compared to a watch is almost infinitely more.
The same cannot be said of a $150,000 education, which cannot be re-sold. Perhaps in some cases a high value education can be turned into a higher value career, but that’s obviously not relevant to the hypothetical rich kid getting a film degree at Columbia.