If your choice is to test all the students monthly -- e.g. 3% of them per day -- with a molecular test that has a couple day turnaround... This works pretty much only well enough to detect rampant, uncontrolled spread, and will not break a transmission chain very often.
Or to test all the students weekly -- 14% per day -- with an antigen test that returns results in 30 minutes... Even if there's some false negatives, you'll still interrupt many transmission chains and effectively lower Rt.
And even if that wasn't the case-- you keep a few people home (them + close contacts) until followup molecular testing returns a negative. Yes, it's a big hassle-- you're "falsely" forcing 10% of the student body into remote learning, but probably better than remaining closed.
Think about what you would do if you wake up with cold or flu symptoms these days - there's a chance you don't have covid, but you still need to be extremely careful. These rapid tests should be thought of as a more effective version of the "do I have symptoms" test everybody does subconsciously every day.
I don't have the analysis in front of me, but I encourage you to listen to that TWiV episode yourself and listen to the panel of virologists discussing this. They were initially skeptical also, but after questioning the plan's author they were eventually convinced and became excited because the plan could actually work.
Huh?
Continuing to accumulate bad data just leads to a higher accumulation of error.
If you have a high percentage of false results and you continue to test over and over the data are still not reliable. How would you know which the correct results are?
Say you test 14 days in a row, over those 14 days you've experienced no symptoms, yet 6 tests showed positive and 8 showed negative.
Do you have any better idea after those 14 days of testing as to whether you've got covid or not?