[bee_rider]

You could learn most things in a library for free. One of the big advantages of a University is being around other ambitious people at the same point in their career. The “big club” aspect is an important part of the value proposition.

We should definitely dump athletic departments, though, they are completely unrelated to the mission.

[Fomite]

As a faculty member at my institution put it: "Where in the land-grant university mission is giving our students traumatic brain injuries?"

[LudwigNagasena]

One of the big advantages of a university is that they give you credentials you can show to your employer (including university itself if you want to be a scientist). Everything else is 90% wishful thinking.

That leads to product bundling you describe, which should be vigorously fought with antitrust laws.