> Since education rather than money is calling the shots, we have the freedom to ask unheard-of questions. Who is paying the bills, then? > no grades There's a reason why students cram at the end of the semester. Without pressure from grades, they won't do the work of learning. I know for a fact that I don't learn if there aren't exams and grades.
I can honestly say that grades got in the way of much of my learning, although I think that I’m atypical on this front.
University tests are typically very poorly designed (the folks who make them usually aren’t prepress I Al test developers), and quite a bit of effort needs to go into looking for old tests with model answers and going to either professor or TA office hours to get inside info on what is likely to be tested.
This took time away from me reading cited sources and cited sources from those cited sources, which was what (imho) gave me quite a bit of depth of knowledge of the subject area.
The good part was that I was often able to have conversations with the professor or TAs that went beyond the basics that were covered in the course, and sometimes this led to wonderful opportunities in further learning and/or research, but the loss of time spent on projects and tests for grades is time and learning that I will never get back.