http://www.jehovahs-witness.net/watchtower/beliefs/161775/3/Copy-of-CO-Letter-Outline-Regarding-Education-In-Spanish has a copy of the KM outline.
It basically states that an elder can be put if they are promoting university for materialistic reasons. Two scenarios were presented.
Situation: The son of an elder is studying for a career in architecture, lives with his parents, is a ministerial servant, has organized his studies so that they do not interfere with the meetings or the ministry, occasionally auxiliary pioneers and the family does not promote the idea that others should obtain this type of education
Questions: By his lifestyle and that of his family, can it be said that this elder is teaching his family to place the Kingdom first? (Matt. 6:33). [If a brother or a member of his family is pursuing higher education in order to obtain a specific job, does not promote it, and if it is clear that both he and his family are seeking first the Kingdom, his services of privilege need not be affected. Some professions require that an individual periodically take certification courses so as not to lose a professional licence]
Situation: The daughter of an elder studies at university far from home with the goal of earning a lot of money. The elder and his wife tell other brothers that their daughter is doing this at their request, in view of the good economic situation that she will have and the prestige which the family will gain
Questions: What opinion does this family have of that which the faithful slave has said concerning higher education, as revealed by their words and conduct? (Ps. 1:2, 3; 1 Cor. 2:13-16; 3 John 9) [When an appointed servant promotes higher education for the purpose of economic gain or prestige, this places in doubt his qualifications to serve in the congregation, and may affect his freeness of expression and that of his fellow elders]