I think you should change the name. I have always felt this. The product seems great, but who actually likes school? I think in the long run the name will hinder success. Just my thoughts.
Yes, whitelabel is super important. Everyone wants to have their own brand in case their community blows up and they can continue buliding on their own domain. We are talking about creating Internets within Internets. Those who know and understand this wouldn't want to waste time building someone elses brand. My guess is that most people who like this, are stuck in blue spiral dynamics consciousness, and need rules to follow.