Considering co-authoring industry and overall dilution of academic education (percentage of people having degree rises steadily), it is perfectly normal and reasonable, given the stagnated education system. I would say that the education system is tuned to train future professors (all other not reaching that status are rejects and do not count much in conjuring the educational policies). If you have other goals, then system is formally too inflexible so you cope with gaming it in all possible ways (and it is half legal already). Lets see if online education forces changes - it is probably disruptive technology and major pressure to universities.