As a student, it always felt like a mixture of "better to have it and not need it" and bog standard corruption.
Most teachers didn't use the advanced featutes, disliked that students played games on them during class, and had to jump through hoops to tamp down on cheating during exams. Many parents also had difficulty finding an extra $130 per child to pay for them; the schools wouldn't provide returnable ones like they did with textbooks.
In contrast, when I went to college (also in the US), we got a simple one-line "+-*/^" calculator for the first few years of calculus, engineering maths, etc.
Personally, I learned much better with the simple calculator. Complex graphing calculators do seem more suited to professional use than education.