$799 versus $499 is a 60% premium.
The best case numbers are buying used RAM and SSD for the Framework like Jeff did in the article ($749 total, if you can find the RAM at those prices) and comparing against the non-EDU MacBook Neo at $599. That's still a 25% premium.
Now pretend you want to bump up to 16gb of ram so you can run a VM.
Okay it's $599 vs $799 now. 33% premium.
> and actually want the extended warranty/applecare
The Framework warranty is only 1 year, same as the MacBook Neo.
If you add AppleCare+ to the MacBook Neo you could get a 3-year warranty laptop for $739 that performs better than the $799 Framework 12
> Now pretend you want to bump up to 16gb of ram so you can run a VM.
I don't think the students shopping for a MacBook Neo are going to be heavy VM users on their little laptop, but if I do this on their website the price bumps to $1049
$1049 is within $50 of a MacBook Air with 16GB of RAM and much better CPU, display, build quality, and battery life.
So I still don't see the value, sorry.
I'm not saying don't buy a Neo... I'm just saying there are objective reasons why you might not want to... for me, it's that I would prefer to run a Linux distro on whatever I buy. I might just go for a Lenovo IdeaPad and save a little over the Framework and the Neo at that point... they aren't the only two options on the market.
This is a completely sensible take, but many on this forum believe upgradability/fixability should be mandated by law in spite of posts like this where consumers choose against this option in spite of what the repairability activists say. It's likely that the EU will in fact pass some laws to mandate this because of this vocal minority and because it's popular to stand up to Big Tech.