Thanks for your thoughts Gregory! 1) It would be necessary to protect the employer. Perhaps some sort of delayed incentive for the student or perhaps a collateral the student set in place they would get in return upon their successful completion of the employer-college program. This gets sticky because the root problem is providing low cost education, but I agree with the necessity. Perhaps maintenance of a certain GPA and semester check ins regarding performance and interest. This way, if say a student loses interest their 3rd year, the student has an opportunity to change their path, but the company has the right to no longer fund tuition. If you have a particular idea in mind it would be very helpful! 2) I think the employer would benefit from utilizing students either in person or remotely to work between 10-20 hours on a project for the corporation. This would allow students to experience that company's culture and operations first hand while providing value to the corporation. I have worked with multiple companies throughout my university education by means of group projects and it has been one of the biggest value adds to my education.
I absolutely love this idea. I think just as much or more learning exists outside of the classroom. Such a structure would encourage students to embrace outside learning and expand the value of the degree, while saving money.
I think in reality, big universities would consider a hybrid program. A huge benefit of brick and mortar is the in person interaction, and many students will continue to value this. This program seems especially useful though, and I am interested in the idea of condensed, relevant courses available to everyone through the internet.