Yes, that is one of the two Australian programs. I did check on it once and the cost was over $3000 US per year or semester, IIRC. I do not know of any US univ. offering anything similar.
I would rather come here and pay $100 or so for a quality textbook and work with a class, or even help develop our own course program. A beautiful BAUT certificate would be nice. The benefits I see here on BAUT are:
1) A community atmosphere - like exercising (studying) near a play ground but being able to play whenever we want (go to threads).
2) A large group - BAUT is big enough to draw several classes once people find out about it. There is a lot of great teaching prowess here, too.
3) An active group - Every non-Geocentrist is glad to be here.
4) Fresh news with Sizzle - All the really cool stuff will make its way here fast, if not first.
5) "State of the Art" - [I miss hearing this phrase, so I thought I'd say it.]
6) Oh yeah, Humor - Half the fun around here is all the skyscraper levels of quips.
7) Time - We don't have to rush and probably can't if we wanted to.
8) Resources - BAUT threads and Google and more Google, almost a googol amount.
9) A structured program would be a welcome addition to the normal, but great, open thread approach in this forum. The two compliment each other.
10) Quality - It is unlikely, if properly done, the information will be erroneous.
11) User Friendly - [I would not miss hearing this phrase but it still works] We are all a bit incognito; thus, we can all be extraverts, if we stay unbanned.
12) Cheap, real cheap - Keep the money you don't already have.

If you do, buy more telescope gear.
[Shoot, if we play our cards right, we'll grow and then get advertisers to pay us to come to class.

]
Any other benefits and features that might pump the players???
[Added: It doesn't hurt to think long term toward advance placement in astronomy courses should some university decide to allow such a thing.]
[I deleted a duplicate item.]