Super awesome. I'm actually the product of a non-traditional college education myself. About 1/3 of my college credits were earned at a community college and the other 2/3 came from assessments and testing. I now have an accredited degree from a state college and have zero debt. I think my total college degree cost under $10k including books, courses, and tuition.
If I were the owner of a company and was presented with an opportunity like this, I would jump on it in a heartbeat!