They don't underappreciate capital in that case, they underappreciate the value of online education for various reasons (doubts about quality being one), the we

They don't underappreciate capital in that case, they underappreciate the value of online education for various reasons (doubts about quality being one), the weight of tradition on higher education, and the fact that many (perhaps even most) people who go into higher education want a degree to show prospective employers (this is of course itself showing the appreciation and necessity of playing the capital game in their lives).