[OkayPhysicist]

Smaller class sizes is definitely a huge boon for everybody involved. I went to a mid-sized private uni, where a large class size was maybe in the low 30 students range, and many were closer to 10-15, and the experience was dramatically better than my friends at other universities got. Professors knew the vast majority of us by name, and had at least an approximate idea of your grasp on the course material.

Cheating was solved with a pretty straightforward approach: don't make it trivial to cheat (re-using test questions, question-bank multiple choice tests, etc) to keep the honest students honest, then trust the students. If someone's caught violating that trust, send them to the business school. (I don't know what they did with cheaters in the business school. I assume promote them)