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If I get a job and I don't know the things I should, that is reflective upon me, not the degree.
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Actually it reflects upon the school quite a bit. Imagine if Harvard Law School just let anyone get a degree, including those who plagerize, cheat on tests, etc. with the attitude of, Well, they paid, do what do we care?
When you, with your Harvard Degree showed up a law firm and couldn't do the work assigned, the firm would think again before hiring a Harvard grad. Eventually, students wouldn't choose Harvard to attend because their degree isn't worth the paper upon which it's written.
No students. No tuitions.