I think the main problem is that this presupposes that people go to college to learn. Most don't. They go to get a degree.
Degrees act as passports to jobs. Employers value degrees because of their scarcity and the work/selection involved in getting one. Give away too many, and they won't anymore. No brand name school could risk this.
For example, someone with a Stanford MBA can get a high-paying job pretty easily. Employers value the Stanford MBA because it does much of the pre-screening for them (it's hard to get into the program, and presumably hard to get through.)If Stanford churned out 1 million MBAs a year, they would become useless.
I think this would dilute the brand beyond meaning.
Degrees act as passports to jobs. Employers value degrees because of their scarcity and the work/selection involved in getting one. Give away too many, and they won't anymore. No brand name school could risk this.
For example, someone with a Stanford MBA can get a high-paying job pretty easily. Employers value the Stanford MBA because it does much of the pre-screening for them (it's hard to get into the program, and presumably hard to get through.)If Stanford churned out 1 million MBAs a year, they would become useless.
I think this would dilute the brand beyond meaning.