Who are unfortunate student and why?

An academic turned CEO writes in today’s ET that in the present crisis of deemed universities, he states that the student studying in these deemed universities are “unfortunate”.

And then he says:

• “Unscrupulous educators in cahoots with inept and corrupt elements among the regulators, reduced an idea of deemed universities — an idea originally intended to accord an enabling auxiliary educational status to those institutions that had the highest standards expected of a university, but were in fact not universities — to create a large number of ragtag band of educational mafia exploiting thousands of innocent students, and giving the very idea of deemed universities a bad name.
• Unfortunately, over time as the educational and infrastructural standards of even the regular universities went into severe decline , it provided a fertile ground for many dodgy institutions to prey on unsuspecting youth desperate for quality education, imagining paying more money is akin to receiving superior education. While the minister’s action against some of the deemed universities may be a good start, there are any numbers of other ‘entrepreneurial institutions’ that may also need a closer scrutiny.”