geeks aren't opposed to knowledge or the life of the mind
we're opposed to large organizations that empty out our pockets before we start our career and that old out the empty promise of the life of the mind, finally revealing that it only exists for people whose parents are professors.
the modern criticisms of higher ed are similar to those that came up in the 1960s but pecuniary issues are much more important now because higher ed has moved away from being subsidized by the government towards being financed by private loans.
I don't even think it's primarily a problem of subsidization. The costs have skyrocketed due to factors unrelated to education -- massive increases in administrative staff, new buildings, more luxurious buildings, vastly improved housing options etc. These come with a cost, and unfortunately it seems that we've over purchased/overbuilt thus making college unaffordable.
It's just like every hotel moving up to the 5 star level, it's unnecessary and expensive.
If it hadn't been for student loans, the money wouldn't have been there to support the increase in costs. It's a problem similar to health care: some people, at the end of their lives, will spend $500,000 on treatments that give them another 6 months of suffering. If it was your own money, you wouldn't do it. If it is somebody else's money, you will.