Honestly, standardized test scores and some case study type questions would be sufficient to make a decision (along with 1 on 1 convos). I hope a decision like this opens a channel for smart people to get to employment without having to go to school or spend as much time in it.
Edit:
Some people are commenting that relying on scores from years ago can unfairly disadvantage people who have improved since then, and can generally be misleading. I agree with that.
There should be a robust ecosystem of aptitude tests that are generally accepted, are as unbiased (culturally) as possible, and that can be retaken at any time.
I think it's developing, as I've seen some examples of this in the hiring process.