Earlier quoted context omitted.
Students want the diploma because it has value. It has value because a student can only get it by learning and problem-solving. If students find a way to get a diploma without doing the work, it will soon be worth less than the paper on which it is printed.
> If students find a way to get a diploma without doing the work, it will soon be worth less than the paper on which it is printed. Amen. I look forward to the era where we train professionals the old fashion way: apprenticeships. It sure worked for blacksmiths and artisans for hundreds of years.
That's why the universities of Oxford and Cambridge give Master's degree to everyone that gets a Bachelor's degree after five years, without further examination or coursework (note that these are MAs only, not MRes, MPhil or MBA degrees, which typically require 1-2 years of studies, exams and theses).
Historically, the academic Master was seen as equivalent to a Master in a craft (e.g. philosophy carpentry).