Big three Alternatives?

[MomOfMany]

Since everyone is just going to forget it anyway, why bother with classes? In fact, why even bother with testing out? Why not just charge a fee and give away degrees?

School isn't about the specific knowledge that you gain, rather, the work that you put into it and the skills acquired.

That is what you think school is about.
Obviously not every one agrees with you.

And many people do put considerable work into gaining knowledge, whether it be through CBE, a class, or simply self-learning.
Not to mention, many college classes appear to disagree with you, if their syllabus is any indicator, because more than a few base the majority or even the entire grade for the class on the final exam.
If school is about nothing more than work put in and skill acquired, one would be just as well served to work an assembly line for 4 years and get a degree for it.

I don't necessarily disagree with your premise that a degree should not be entirely tested out, especially in certain fields of study, but the reasoning of your premise is what I respectfully but strongly disagree with.