The traditional sit down in a lecture hall, listen to professor speak, then come in for a pen and paper test, is outdated for this era of technology. What's the point of physically bringing +300 students into a room for a passive listening experience?
The future of education is rapid back and forth between the student and the teacher. You could image a future where a student sits down all day with an AI system that trains the student, and it won't let them pass until it's confident you know the material. This will happen at different rates for different people, but this is expected.
An ideal education would be getting those skills discs uploaded to you in the Matrix, but unfortunately it will take a bit longer to master them as we don't have full brain-system interfaces (yet).
That sounds super awesome, but I think college students are always going to find a way to shirk work. For example, in your proposal, plenty of college students would just get another AI to talk to the test administration AI (think Cluely)
Historical learning methods were not far off from that. Many of the greats we remember likely heavily benefited from private tutoring and mentoring, not busywork, rote memorization, and arbitrary assessments.