I'm certainly not against the idea of lowering education. I do like the idea of testing out of classes. Put out some kind of syllabus and recommended reading and then let the kid be able to test out. Especially if its a basic class and not part of the kid's major.
As to your 4 year play, would a degree from the U.S. online university be worth much? You could have hundreds of thousands of kids spending time studying and passing these tests and then getting into the job market and competing with kids with traditional degrees.
But I do like the idea of getting

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