It was built by the co-op students who couldn't get placements anywhere else.
That's actually exactly what happens. Co-op programs are huge in Québec and that's a good thing. Government jobs usually pay 30-40% less and most of the time the less skilled students end up doing their co-op(s)/internship(s) there.
To be fair, the worst thing someone could do with your NSLSC password is pay off your student loan for you. ;)