A large portion of the value of a degree is simply in signaling - it tells potential employers rough information about candidate IQ, conscientiousness, and soci

A large portion of the value of a degree is simply in signaling - it tells potential employers rough information about candidate IQ, conscientiousness, and social capital. Graduating unqualified students is absolutely a favor, and a huge one to boot. The primary people harmed are the other students, who suffer the ill effects of inflation in the value of their degree.