A radical proposal: create, or reform, a Lutheran college not just in its curriculum, but in its very governance, and back that reform up with a financial reform that would eliminate tuition. I love to return to Newman, and here a point he makes about tying liberal education to external goals bears repeating: the education that has specific vocational outcomes in mind (vocational as in "vocationalism") will never be liberal as in liberating, but always servile, as in enslaving. You can chew on that one for a while. But his logic is irrefutable, and evidenced in scads throughout Lutheran higher education today.
But in terms of tuition: the curriculum has been taken captive by pressures derived from the tuition drive. If that can be removed, the curriculum can be freed and can provide a truly liberal education, in the Newmanian sense.
This is, of course, predicated upon articulating a theologically faithful and intellectually responsible rationale for liberal education, instantiating it in curricular form, and then approaching influential laity, congregations, and pastors who can support the endeavor morally and financially--and financially to a point wherein tuition is taken out of the equation. Simply what this means is that the core endeavor of a college--its instruction--must be fully underwritten by drafts on endowed funds, or in other words, that every faculty position be an endowed chair.
Radical? Yes. Achievable? d.v. Utterly necessary? certissime!