Teach more slowly. If I could, as a student, take courses that were "as long as necessary" rather than limited to a semester schedule, I believe I would be a lot more satisfied with my education thus-far.
I don't see any point in graduation, really. Why stop learning? The ideal school curriculum, in my mind, would have four unassisted co-op terms (i.e. two years of real, normal work) followed by one or two terms of instruction, repeated in a cycle, for as long as you may live. At no point would you be handed a certificate and kicked out of the building; you'd just keep coming back and learning more stuff (presumably in a myriad of unrelated subjects), then going back out and making use of it.
