Excellent point. The only thing I would quibble about is the 10 K amount. It is probably 2-3 times what is necessary, especially as the education on the net reduces the costs more and more. Already, anyone with a connection to the internet and the ability to read, can get a pretty good education for very little.
Yes, its way too high. But hell, it will still be cheaper in the long run to just give in to them on the amount.
The rub is can you discern the junk from the good stuff? For example if I was teaching on the web and told you:
" the grass was green because the Nuclear Van der Waals forces in the chlorophyll was causing an intermolecular vibration causing the grass to emit electromagnetic energy at the wavelength that stimulated the green receptors in our eyes"
Would many people be able to discern if it was junk?