Private college sans residential life?

A sign of the economic times? Cut-rate private colleges at 1/3 the price. You get the small classes, full-time profs, face-to-face interaction, and bright students of a private college experience but without any of the residential component. I’ve often wondered what such a model might look like if, say, we wanted to run this type of program at our Roger’s site. This institution runs a prescribed set of Core courses during the morning, four days a week, for two years, and then the students transfer to the main campus for the rest of their time. We could certainly do something like that, even streaming chapel remotely. Kids this age apparently work mostly afternoon and evening jobs anyways (retail, restaurants, etc.). Sounds interesting to me.

http://www.boston.com/news/education/higher/articles/2009/02/03/cut_rate_campus/