In case you're wondering if I really quit the mormon church: note that I'm still calling them mormons when the mormons stopped calling themselves mormons. https://www.sltrib.com/news/2018/08/16/lds-church-wants-ever...
Edit: and if you're wondering if I really graduated college - I have no idea where my diploma is and if I've ever seen it. I owed the school a few hundred bucks and didn't get it when I walked, but perhaps I got it when I paid off my account - I don't remember.
Of course, there's for-profit colleges which provide terrible value at an outrageous cost, and even among "legit" universities or courses of study have more value than others. And back at the topic there's real questions about a church that's acquired assets on the scale the LDS church has. What transparency obligations does it have to the membership that contributed those funds? Should there be dues/tithing, or show the assets function as an endowment to support the activities of the institution while mitigating what members are asked to contribute? If an institution claims divine authority and also reaches the point where it no longer requires contributions in order to sustain it, does that mean it can be more careless with the confidence of those members (and if not, what would prevent that)?