That's the kind of suggestion we all hope might spring from a kaizen event (and never does), but "opportunity cost" is a highfalutin spin on a deferred maintenance issue.

A previous poster mentioned that education is changing and I agree 100%.  To survive unnecessary costs must be culled from the process, among them obvious inefficiencies relating to course naming ...and plan to address that one for a couple grand as secretarial work.  Once that's done more effort can be put toward capitalizing on core competencies like serving a largely rural population that would still prefer a UAA degree or a stateside market that would like to be able to say they graduated with a degree from UAA.  

The didactic portion of the Health Care program, all of Business, and much of Engineering can all be taught as distance learning classes and will be; the question is by whom?

Identify the problems and be responsible for repairing them.  And lose that Sitka clown.