The analogy falls apart here: > the senior entity can expect the junior person to contribute less productivity to the company than a full employee College stu

The analogy falls apart here: > the senior entity can expect the junior person to contribute less productivity to the company than a full employee College students don't "contribute productivity" at all, because they don't have an employer/employee relationship with the school. The work they do is entirely orthogonal to the school's revenue. This comparison fundamentally does not make sense.