In that case it will be the kind that the public demands, but the thesis that it will be of high quality is not warranted.
We are paying specifically so we can get a degree that lands us social prestige and a lucrative job. The American social values hold education in low regard. If the public could earn money without going to the Universities, they would gladly drop the pretense that they have any interest in learning.
My concern is that radicalization of capitalism in the university education system will create an undesirable competition among universities. They will be competing not to provide the most edifying education possible, but to appease the interests of the philistines who have little interest in anything but wealth and prestige. An increase in funding for universities certainly improves the quality of graduate level education and academic research, however, it does not have a significantly educative impact upon the general public.