The issue is so much deeper than this.
On the "physical labor" side of the economy, the college system, in its current form, will not efficiently fill America's production lines with workers. It will not create more craftsmen. It certainly does not cure the average American college graduate of the mentality that they are above being a gardener in their own backyard.
On the knowledge side of the economy, MOOC can potentially add enormous value. The distribution of credentials (aka a degree from an elite university) is being decoupled from the educating of the knowledge workforce. Rather than a couple thousand or tens of thousands of people having access to the highest levels of education, it is now accessible to anyone with an internet connection.
P.S. I take issue with anyone who is 28 years old being considered a "veteran" at her job, let alone at McKinsey. Perhaps I think too old-school.