While this draws from mostly right-leaning concerns about higher education[0] despite claiming itself more open, I get the sentiment.
However, costs usually rank higher among concerns but they are not addressed that much in the article. I’d be interested to see how that will be addressed. New school might spend less on amenities and focus on accreditation, but professors still need to be paid competitively to attract and retain talent, and they will have to fight the uphill battle of falling state support[1].
There are additional incentives other than monetary when it comes to the culture wars. I know some who have left lucrative lifestyles for something that is more meaningful for them.