College enrollment falls for third straight year

At the same time, the internet contains everything you’ll ever be taught in college, sans labs and professors, and the quality of on-campus education has not improved 8x (price tag/wages gain needed to warrant) over its 1980s predecessor. You don’t learn 8x as much or 8x faster. You might be 8x more distracted, if anything.

It makes perfect sense. Also, Freakonomics did a great 4-part series this year (circa spring 2022) on this exact topic, and anybody who cares to take a closer look should check it out for expert opinions from deans and economists.