When I was a student I had a different viewpoint on this, but it all depends on the people, and putting everyone in one bucket is rarely accurate.

Kids whose parents sign their leases and pay their rents will almost never fail to pay rent, and if you do have a problem, their parents are almost always going to save their asses in fear of breaching contract. At least here in Texas, contracts and tenancy laws greatly favor property owners. As you can imagine, there’s the risk of having people damage walls / floors / plumbing, but in my experience that stuff is mostly trivial to repair and that is what damage and security deposits are partially intended to cover. When I was a student I repaired drywall at every place I lived, some minor, some major, and was never charged a dime at move-out. Most new apartments have a standard procedure of repainting between every tenant.