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<p>Good point. Another unintended consequence of this daft theory. But with so much money on the line, I suspect the schools would battle these last minute drop-outs by declaring them “close enough” and awarding them the degree anyway. Just mail them the diploma and an invoice. </p>
<p>But since schools would then be awarding degrees to people who hadn’t actually completed the requirements, it would further weaken the already-sliding academic worth of the degree. Heck, schools might even be tempted to graduate students who had dropped out with a full year of course work yet to go.</p>