So many of the undergraduate classes are taught by grad students or contract teachers who get paid a fraction of a college teachers salary. Further, so many depts are feather bedded by colleges requiring classes that are irrelevant to the actual degree courses.
You could cut a year or more out of a degree by getting rid of extraneous classes.
Get rid of all the departments and degrees that have no real place in a serious school.
"Gender Studies", African-American "Studies", etc., have no value as undergrad degrees. They should only offer a undergrad survey course, and let anybody interested work their way through real liberal arts degrees first, before becoming angry mis-educated Utopians blaming their boots for the faults of their feet.
Throw in AA as well. The not-ready-for-real school work types requiring remedial programs are a drain on the higher ed system.
Let such ill-"educated" go to either community college, or trade schools. Actual trades are almost always in demand, and they can do extremely well. Heck, one world renown theoretical physicist started off as a journeyman plumber.
The way the administrations and trustees have knuckled under to any given mob demanding this, that, and the other thing has devalued college degrees too.
And don't forget the increased "amenities" as mentioned in the thread as well. Lots of formerly respected schools have gone to appealing to the "all play and no work" demo.