matchbook college
 n.— «The school, because it was a private venture and not affiliated with any established universities, was criticized by academics as a “diploma mill” and a “matchbook college.”» —“PETA isn’t pleased, but a millionaire’s project to clone dogs and other pets is already doing big business” by Roy Bragg San Antonio Express-News (Texas) Sept. 3, 2002. (source: Double-Tongued Dictionary)