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Part of the issue is browsers/programs that portray cookies in a bad light. When malware scanners flag cookies as "harmful to your computer", people get nervous about all cookies and want them gone (then wonder why they have to keep logging in).
They are measuring how much students make after they graduate, so that will likely be a large factor. In the past they've cut for-profit school loans because the students would not be making enough to pay off those loans after graduating.
Most people have this crazy idea that the government is made to help its citizens. Things like stopping shortsighted citizens from doing things that will hurt everyone in the future fits pretty squarely in that realm.