The CJ3 is still a jet. Where do we draw the line? What if it was a Citation X? Or how about a Gulfstream? Or a 757? I understand that it's a training program, but there comes a point where you need to draw the line. Where does training end and professional flying begin? I'm not going to go so far as calling them wh*res, but come on! I would hope that the professionals that run the program see how this hurts the industry as a whole (in turn hurting the university's ability to generate aviation income).
Besides, if it doesn't require two crewmembers, why make them pay for the time? It's not loggable anyway.