I come from India. We have the world's toughest entrance examinations to get to public funded courses. I got an engineering degree through one of those. However once I got through the admissions, I found the courses outdated. The professors got into colleges after bribing the managers and were sub-par in their teaching, the labs under-funded and there were frequent strikes at school for things like proper lodging. However the tough entrance exams meant that most of the students graduated and became successful self-taught professionals. I think something like Mitx, has the potential to become the single curriculum for the entire planet. Kids would be demanding this instead of the stale university offerings. Some of them pay ridiculous amounts of money for getting into private colleges without any merit scholarship. Check the below link. Mitx could become the university of alderaan for planet earth!!! Think about a million hungry Mitx grads a year getting through grueling MiT level coursework. That could take technology to unforeseen levels.

http://starwars.wikia.com/wiki/University_of_Alderaan