I'm going to try to comment like this, here goes...

Why do you think 4 years are better spent paying to cobble together scripts for unnecessary assignments the way a can't-hack-it-outside-academia teacher wants who is not incentivized to do the best and is out of touch with real-world development instead of spending those years surrounded by experienced and like-minded peers in an environment that focuses on making tangible accomplishments and making money?

I hope it's clear how ridiculous discussing things this way is. There are benefits on both sides, and a reasonable person would respect that.