Hmm, I disagree and think OP might have a touch of 'in-my-day' syndrome
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We dropped DD off two years ago to begin her degree. Drove her there, helped her unload stuff into her tiny dorm room then left.
Her shared flat in halls had four bedrooms, a kitchen with a table & four chairs and a shared bathroom. That's it - no common room, nowhere for students to meet, watch telly, sit on a sofa. Her room had a bed, a desk and a wardrobe - there was no space for anything else at all.
From her description I think maybe the OP is looking at students who are at the wealthier end of the student spectrum and making the mistake of equating their pampered experience to that of ALL students?
In the 1980's I recall there being some scandal about an MP's daughter who was at Oxford and being done for dealing drugs or some such - Olivia Something? It was reported that she had an allowance of £22k p.a.. I recall clearly being so shocked at that, but clearly there has always been a cohort of wealthy students whose Uni experience is utterly different from that of the majority.
I think it's a huge struggle for students today, with the pressure to take on part-time jobs to reduce the roughly £50k of debt they'll have when they leave, but I don't see any of my DD's friends being chaperoned by their parents beyond the first day of getting there and getting in, and a lot of their halls are more spartan that those described byOP in her fond reminiscence. So I think on balance YABU - they're having just as much fun, with just as much independence (maybe more in some cases), and in just as spartan conditions as the OP recalls in her fond reminiscences.