There is no more reason to salvage the obsolete University system than there is to salvage the film development industry or the typewriter industry.
The function can best be performed another way in every case.
For sure-f the University they arent doing anything that cant be done cheaper and better by community colleges, trade schools or etc.
Many high school graduates are taking a gap year and learning that a college degree and debt isnt desirable.Other then supporting cute small towns, what use is a university?