That's like saying an informed society is better than a society that doesn't have OSHA regulations... You can't dangle millions of dollars in front of (often poor, often minority) college students and say "well you were informed of the risks" and then wash your hands of all responsibility.
I could inform you that you'll die 1/6 times you play russian roulette, but that doesn't mean that it should be ethically sound (or legal) to pay you to take that chance.
I could inform you that you'll die 1/6 times you play russian roulette, but that doesn't mean that it should be ethically sound (or legal) to pay you to take that chance.