Everyone has always known that paying for an Ivy diploma means purchasing the prestige and connections required to enter America's elite. The conceit that it wa

Everyone has always known that paying for an Ivy diploma means purchasing the prestige and connections required to enter America's elite. The conceit that it was a superior education has always been, to some extent, a fig leaf. MOOCs are tearing frantically at the fig leaves, but the underlying business model is entirely unharmed. The best students will still crawl over bodies to gain admittance. Tuitions will remain high. The alumni will still make extraordinary endowments.