Looking for information about this song.

Lyrics:
The Philosophy of Logic is the best philosophy
One simple bit of logic, makes college life sublime
Now instead of study, we have leisure time.

Because ..
The more you study, the more you know,
The more you know, the more you forget,
The more you forget, the less you know,
So Why Study?

The less you study, the less you know,
The less you know, the less you forget,
The less you forget, the more you know,
So Why ..., why, why study?

Title? Author? Music? (I know how to sing it,
but don't know the chords/notes, etc.)
Learned it from my father. Would guess it dates from
the 60's or earlier. It is sung in sort of a college
men's quartet kind of style.