As Greg Nyquist remarks in comments,"the Objectivist view of education, as expounded by Leonard Peikoff, is actually one of its least objectionable theories. The practical sum of it is little more than the Great Books with the eccentric addition of Rand's reading list," and futher,"given how bad so much American college education actually is, this would be an improvement for most students." I would tend to agree, with the caveat that this would depend on just how, for example, the literary list at Founders is taught - whether it would strongly reflect Rand's particular artistic opinions or not. This is not clear at this stage.
Why anonymous commenters would so strongly seek to deny the college's connection with Objectivism and the ARI, when this is obviously the case, is also not clear.
Update:Neil Parille provides a highly useful link in comments which perhaps begins to explain some of the above. From there we get to this story from News 14 Carolina
"There are other questions about the college. Its license application says Founders College will be operated by The College of Rational Education Inc., a nonprofit corporation in North Carolina. According to papers filed with the North Carolina Secretary of State's office in March 2005, The College of Rational Education "shall be exclusively operated as to provide a reality-based, rationally grounded education, by applying Objectivism, the philosophy of Ayn Rand, to all of the Corporation's activities and undertakings."Hull is quoted as saying that this idea "fell by the wayside." The story also adds that according to Hull, as with anonymous commenters here, that "there is no connection between Founders College and any particular philosophy or outside organization such as the Ayn Rand Institute, for which he has written articles."
However, Hull's claims, which date from almost a year ago, seem contradicted by reality. The fact is that at least 50% of the current faculty of Founders are longstanding Objectivists with some form of ARI connection. Further, while not much is yet clear on the content of Founders courses, what few specifics are evident - for example, the Literature course reading list - is highly suggestive of orthodox Randian influence, and guest lecturers include self-described Objectivists such as psychologist Dr Scott Adams and ARI writer Andrew Bernstein. Much of the Founders site's writing echoes Objectivist rhetoric. Finally, with its $12m campus and "fine dining" facilities it is clear there is some serious money behind it, if not clear exactly whose.
Thus the situation, like so much else in the ever-shifting world of Objectivist politics is murky. Founders seems to have started out with a strong Randian direction, but this has been diluted; possibly in the face of marketing realities, either reluctantly or strategically. The downside of this dilution is what seems to be increasingly strong criticism of the project and Hull personally from some sections of the Objectivist community. Perhaps Hull's decision to leave Rand to fall "by the wayside" - at least in his publicity - has also compromised his standing to some degree with the ARI.
Nonetheless, despite Hull's claims, there remains a strong Objectivist, and indeed ARI flavour to the Founders project. Unless there is another schism in the works - something that is always a possibility - this seems to be the underlying direction the college is taking.