Right now educational institutions are facing budget shortfalls and responding by expanding remote education opportunities while compromising the quality of education not just because of cheating but because often the content and social circumstances are inferior. We are making short term decisions as an easy-fix to budget issues that will have substantial long-term consequences.
The result is that the value of an American college degree is plummeting (ironically while costs still are increasing). This is part of the reason GenZ are starting to revolt against various institutions - they are the ones being screwed the most.
The right path forward is acknowledging this insanity in the budgeting process, employment process, and loan markets. We won't do that though because it means admitting how much has been fucked up - institutions will double down and triple down in the face of DOGE threats.