I think that’s a given, isn’t it? When most people (in the US at least) are financing their education via loans if they’re going to take out increasingly larger loans they’re going to have to expect more in return in order to pay those loans back. I don’t know I would call that “entitlement” though.
High Risk != High Reward. There are far too many college educated people in the US that assume this. I walked in getting my degree knowing full well I was paying simply for the paper and the potential for getting a job in my field. I didn't walk in like I did the first time getting my associates degree believing I'd be making $50k upon graduation.
Or if it amplifies their entitlement. I wouldn’t be surprised if the more people spend of college, the more they expect in return.