I think it's a great idea. If I could have cut senior year out of high school I would have still gone to the same college and had a one year jump on everyone.
Senior year of college was awful. Freshman year of college was great. And I don't think I would have missed anything of use.
Maybe the way to go is offer a diploma contingent on one more year of education at a legitimate college? Kid still gets educated, cuts out a year of wasted time, and saves money.
The downside is if you skip the year, you won't be 21 your whole time in college. That would suck.
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