Today universities have a two-tier class system: Tenured professors and administrators on top, with generous pay and benefits and job security, while many (in some places most) required courses are being taught by the equivalent of serfs, with low pay, no job security, and little in the way of status.
But it still shows you what the elite have done to the cost of a college education. Incidentally, both parents were in the hard sciences, not some fluff studies. Mom's Dad was a college professor. But Dad got his education on the GI Bill following World War II Service. He grew up herding sheep in the high desert.