It does strike me that the purpose in attending college is the credential you get; education is a far second.
It strikes me that this is a foolish take to adopt.
I saw lots of students acting a bit like this but I was grateful that I could dedicate myself primarily to my schooling and took as much advantage as I could to learn as much as I could.
The credential gets used as a heuristic for the learning you do but if you show up and don't have and knowledge, then everything is harder and your labor more fruitless.
I know some people don't care and that there are degenerate workplaces but you'll still be left with having been a lot less useful in your life than you were capable of being.
So what would you do in the parents' shoes?
teach my kids some good ethics and taking responsibility for their actions, instead of jeopardizing the chances of college with the prospects of money