about as much as having a former WWF executive with a single-digit IQ serving as Education Secy.
I'm sure glad I have a real education in the 80's.
Quoted to deal with the censor trolls, and in this case I do agree with your sentiments even though I think the comment is kind of orthogonal to the main topic. But your Subject is still relevant if "this" is taken as referring to the money part of it. Education as a for-profit business is mostly a problem and rarely part of any solution. My mind is boggled by the "valuation" of $2.5 billion.
Some years ago I did spend quite a bit of time taking online classes, mostly on EdX and Coursera. However, they were not worrying about the money at that time and I think that is a large part of why some of the courses were pretty good. They were teaching for love of the game and exploring the new tools, though not too adventurously. I remember a pretty good philosophy course run by Michael Sandel and an excellent Python course from some Rice people. The Rice course was especially innovative in the evaluation system, which leveraged students to test each other's games. I know that course was still running some years later, though they had switched from Asteroids to Pong as the main game.
On the negative side, I felt that most of the courses were too dependent on long video lectures. I thought the solution approach was obvious. but I never saw such a course among the various ones I took from various universities. What I am looking for would involve testing up front to find out what I don't know and then the course would guide me to relatively short videos where the points of my ignorance were addressed. Perhaps in the form of a video of a teacher explaining each teaching point to a student whose ignorance matched mine? The tricky part would actually be in figuring out the depths of my ignorance, so I imagined the distractors would be designed to find out where to "place me" within a network of knowledge at each stage of the course. My goal would obviously be to learn as quickly as possible with minimum time. Anyone seen such a beast? (Been some years since I went back to the books...)
On the financial side, my fantasy was that they would charge for strictly proctored exams. If you can pass the tests, then you deserve appropriate certificates and stuff. However I actually doubt that approach would be financially viable. The prices for the exams would have to find a tricky sweet spot. High enough to pay for the course material but also low enough to get people to pay for them. Even worse, I don't see myself as a paying customer for such a system. Much as I enjoy learning new stuff, I'm too old to get much benefit from any more certificates or diplomas...