Universities and the Staff there in have a lot to answer for. Looking back on my time at University I now see it for what it is, big business, nothing else.
Endless hoards of young adults wandering around shot up on hopium, mostly sold to them from University lecturers.
Dillusions of grandeur, promises of Graduate jobs high paid and plentiful.
Looking back 20yrs on, those that did the best out of my Graduation class weren't those that were the best academically but actually those that were the most streetwise out of the bunch! :)
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You have said it all. The question is who are they to answer to? Who's going to question them?