People will be taught different things in different schools. People will have WIDELY differing opinions on what are "facts".

It will make creating conflict and division within the masses easier and easier with more and more Americans not even getting an education most likely. Of course, the financial elite will amass a bigger and bigger share of the national wealth and income too while those working in MOST schools nationwide will be treated not as professionals, but as remedial labor that is easily replaceable. This will result in a lower quality of teacher in most of our schools while the elite will be taught from a different pool of professionals.

It's a HORRIBLE plan with consequences that these assholes fully intend to materialize.