If the authors of a recent Stanford report (Bommasani et al., 2021) on the opportunities and risks of "foundation models" are to be believed, these models represent a paradigm shift for AI and for the domains in which they will supposedly be used, including education. Although the name is new (and contested (Field, 2021)), the term describes existing types of algorithmic models that are "trained on broad data at scale" and "fine-tuned" (i.e., adapted) for particular downstream tasks, and is intended to encompass large language models such as BERT or GPT-3 and computer vision models such as CLIP. Such technologies have the potential for harm broadly speaking (e.g., Bender et al., 2021), but their use in the educational domain is particularly fraught, despite the potential benefits for learners claimed by the authors. In section 3.3 of the Stanford report, Malik et al. argue that achieving the goal of providing education for all learners requires more efficient computational approaches that can rapidly scale across educational domains and across educational contexts, for which they argue foundation models are uniquely well-suited. However, evidence suggests that not only are foundation models not likely to achieve the stated benefits for learners, but their use may also introduce new risks for harm.