Why not just cut out the whole "teaching" thing and mail the student a diploma based on payment of $70,000 and submission of SAT scores? If you get a 1600, your diploma will say "MIT". If you get a 1400, it will say "University of Illinois", etc.
That will save millions of dollars on writing software for online course administration (and associated support staff). Then the professors can focus on doing free corporate research instead!
And of course, the student is just as prepared for "the real world", and the Universities can build up their billion-dollar endowments and live off the interest. Everybody wins!
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Why not just cut out the whole "teaching" thing and mail the student a diploma based on payment of $70,000 and submission of SAT scores? If you get a 1600, your diploma will say "MIT". If you get a 1400, it will say "University of Illinois", etc.
That will save millions of dollars on writing software for online course administration (and associated support staff). Then the professors can focus on doing free corporate research instead!
And of course, the student is just as prepared for "the real world", and the Universities can build up their billion-dollar endowments and live off the interest. Everybody wins!