One thing that really needs to be unbundled is assessments for credentials, teaching, and research. As it is now you want to be assessed for credentials at a top institution, you have to pay to take classes and learn at that institution. Which often leaves you in a class being "taught" by a researcher who's uninterested in teaching and unresponsive, and who hands off the actual job of teaching to an inexperienced graduate student making minimum wage. And for this privilege, you're charged a massive amount of money.
Part of the problem is many academic institutions, even prestigious ones, simply don't prioritize teaching. They don't even really prioritize challenging education. They prioritize prestige and opportunity hoarding. The hardest part about many of these schools is getting in. Once you're in, then grade inflation and the desire for the institution to retain it's prestige brand means the classes aren't particularly hard --- graduating is particularly easy and most students actually barely put in effort. Getting in is the golden ticket more than graduating.
One solution, is for an institution to prioritize accessibility (easier to get in) but also prioritize difficulty (actually hard to graduate). This would reorient incentives around challenging education that pushes students to excel rather than coast after striving just to get in. Unfortunately, the priorities are the exact opposite today.
