"The fundamental academic freedom is the freedom to study according to one’s convictions and interests. Those who are called ‘teachers’ are essentially experienced and continuing students who have special responsibilities to those less experienced of their fellows who are called ‘students’; study is both a private and a public activity, involving discussion in speech and writing with one’s fellows to achieve a better development of one’s understanding and in some circumstances an assessment of that understanding for the sake of public recognition."
- Peter Campbell, 'Affluence, Academic Authority, and University Government' Political Studies (1975), at p. 147.
One of my colleagues has been known to say something along these lines at open days. I'm not sure how it goes down with prospective students, being told that they'll pay over £9,000 per year to learn from those who are still learning themselves, though it is of course true - we are all studying continually.