Yeah, I agree with him that there is probably a better alternative, starting a new school could be the way.
Part of the problem with that route is that a big part of university education is the signaling and brand value, and that's hard to replace via tutoring. Maybe that won't always be such a big factor, though.
I suppose in the end that is the point. It's the piece of paper that has the value/door opening ability, not the actual knowledge imparted.