I find this so fascinating. In a normal market, demand is driven by differentiating factors, and I imagine paying for a reduced set of services could be wildly popular. I certainly never took advantage of most of the services I paid for in college—I was too busy with school.
Meanwhile, schools appear to be in the race for positioning schools as anything but a place to get a degree.... which is the entire role of college in society today.
I would quit my job and finish my degree tomorrow if there was a "no bullshit, we'll just get you your degree as fast as possible" option. But all I see are residency requirements, tuition that appears to be at least an order of magnitude more than what my professors cumulatively make from teaching me, etc etc. Very disheartening to someone who loves the culture of academia.
And don't forget, they STILL make you buy textbooks and allow the profs to pocket the profits.