I don;t disagree that the system is unsustainable in its current form. But this guy throws out a lot of opinions. He said the NFL is in risk of dying as well. He also doesn't understand the dynamics by saying that a $40k a year school charges students the actual sticker price. Well over 80% of TU students get aid and its a large average package, TMK. The quoted price is just to make it look more fancy than it actually is........
I would agree that Cuban throws out some stuff that is off the wall, but how could you not agree with his take on education? He's certainly right about a good number of things and this is an obvious example.
As to the financial aid statistics, all that proves is that the bubble is indeed real and all this is just accounting tricks. Cuban is correctly noting that people are quickly figuring out that there is ZERO path to a return on investment for $250K on an undergraduate education that doesn't include engineering. So we're supposed to feel ok because we're merely advertising that our education is overpriced even if it isn't?
There's a ton of data that supports the bursting of a massive education bubble. There's no credible data that the NFL is dying on any short term horizon. Long term everything changes/dies, so that's actually not that crazy.