This is monumentally out of touch with how universities in the US work these days.

One of the main reasons I choose the university I did was the co-op program - basically curriculum-mandated paid internships. Every other semester after freshman year, I was working a real engineering job at a real engineering company, and by the time I graduated, I had 1.5 - 2 years of actual industry experience and a budding professional network built out. And tons of universities offer programs like this, with more implementing it every year. Try telling a student from one of those universities, "no, see, actually, you have to pay me to work this entry-level job you're already overqualified for". Lol. Lmao, even.