The traditional college model (live on campus, attend classes on campus, immerse yourself in the college life) is falling apart (if for no other reason than the expense.)
A lot of colleges are fighting this because they are invested in brick and mortar, not educating students. With modern communications, there is no reason a student needs to be physically in the classroom with the teacher. Much less go through the traditional college experience.
What you learn is important. Not how you learn it.
As far as this private compnay, what do they think private colleges are? At the end of the day they are private companies.
No argument. And within ten years you forget most of what you supposedly learned in school.
Times change and learning/teaching methods should keep pace. With new methods you gain some and lose some and that's just how it is.