The elite institutions, including universities, are facing a crisis of legitimacy as they struggle to adapt to the changing beliefs of the populace, leading to internal conflicts about their direction.

The perception that dropping out of elite schools guarantees success is misleading; in reality, very few successful founders are young college dropouts.

The relevance of degrees is declining, and many students are seeking alternative education routes, which could lead to a significant shake-up in higher education.

In 18 years, the education landscape will likely see increased pressure on traditional colleges to align their incentives with student success, as more students realize that the default path to success is not guaranteed.

There's a significant shift in parents' attitudes towards education, with many now questioning the traditional college path and seeking alternatives that ensure their children are set up for long-term success.

The financial structure of college is expected to change, as students become more aware of the misalignment of incentives between themselves and traditional institutions like MIT.

The university system is widely recognized as broken, and this consensus is no longer controversial.

The current state of universities is akin to a cartel, where existing institutions control accreditation and funding, making it nearly impossible for new, innovative educational models to emerge.

An entire generation of executives and entrepreneurs has been robbed of the opportunity to form actual views about the world, leading to a managerial class focused on survival rather than innovation.