Yes, things surely have changed since I went to college too.
The quality of the average college student today is directly proportional to the quality of the faulty and bloated administration. All has declined. There are recent articles that some employers are purposely not hiring for certain jobs if the applicant has a recent college degree. Among reasons are poor work ethic and social skills.
Sometimes if I wonder whether the parents of these grifters in training are (1) just like their kids, or (2) agree to pay for college just to get them out of the house, hoping they never come back.
Add to that an amazing inability to express themselves clearly and coherently in the English language and a peculiar resistance to following instructions without arguing about them. Boy, am I glad I’m now retired and no longer in the position of interviewing and hiring new college grads.
As for their parents: I’d go with (2).