This entire FAQ reads like wishcasting, barely above the level of scratching out a plan for a new university on a napkin. uaustin.org/faq
The whole finances section is just like...huh? It seems like they're thinking that eschewing public money will save them administrative burdens and administrative costs, but is this not pure fantasyland? 
I mean, I hope those libertarian think tank pockets are bottomless because turning your back on any federal money sounds like tough financial sledding.
I hope there's a journalist who is jumping on this thing day one. There's going to be a heck of a story to write about the demise of IDWU (The University of Austin).
Maybe I'll be eating crow in ten years when the University of Austin is poaching students from the Ivies, but I think the odds that no one receives a fully-accredited undergraduate degree are far greater.
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