Overall it just seems like a huge waste of money to piss away the huge tuition cost your parents probably paid.
The smart ones either use it not at all, or use it to positive effect, like you're saying.
It's funny that GP mentioned science fiction as a negative because what immediately springs to mind, for me, is Neal Stephenson's The Diamond Age. We literally have the tools to build his "Young Lady's Illustrated Primer" today. We just have to give today's AI a lesson plan to follow and ensure that it never gives the student the answers, and only keeps explaining the concepts in different ways until they click. Wrap that in an iPad app and you've essentially got the exact self-paced learning tool that Stephenson envisioned changing the world.
Main problem is that the technology was very disruptive for education and nobody has figured out yet how to utilize it at scale for schools and universities.