Full disclosure: I am a college dropout - so take this with a grain of salt. At the very least, it matters, if only a little, to the reputation of the institut

Full disclosure: I am a college dropout - so take this with a grain of salt. At the very least, it matters, if only a little, to the reputation of the institution. If they start turning out plagiarizing idiots, eventually they become unable to charge as much for that education.