The word cheating pretty much means unethical practices by definition of the category. So obviously the people who make the rules consider it wrong. And someone

The word cheating pretty much means unethical practices by definition of the category. So obviously the people who make the rules consider it wrong. And someone needs to make a common set of rules for grades to mean anything. The student handbook is basically a contract which sets out the ethical system you agree to abide by. As for victims, ultimately you would probably defraud future employers presumably, by taking their money under false pretenses, and damage the school's reputation. Perhaps also kill people when the plane you designed crashes or something.