>The current system is what caused those, why do you think that is much better?

I don't think it's better. But I don't think it's worse either. It's exchanging one elite for another with the similar incentives. But what I would object though is how the education system has been essentially appropiated as a system of elite differentiation (and social mobility) rather than improving the 80% as function of overall social welfare. Why are we caring about a handful of colleges compared the hundreds of others we have? The opportunity cost really is to better spend our resources and time pushing up the average, mediocre student rather than focusing on all these unproductive signalling mechanisms. And I think from there, that's where the real saviours will emerge.