There's a Hollywood movie trope rolled out every 2.8433 years where a rich guy goes back to university and tries to buy his way past projects and tests. I always kind of imagine some rich kid in "Web Programing 317 section 7" contracting out his final project. Now that tuition is so expensive, $5K for a final project sounds more or less reasonable for a kid who just wants the credential and not the education/training. There should be some kind of ethical filter where if you're obviously trying to contract for a stereotypical final project around the end of the school year...
While this seemingly has been "popular" in Europe for PhDs / doctoral theses for quite some time (in Germany e.g. some ministers recently lost their posts for that or similar activities), it has become an even larger issue in countries like India across all levels of academic studies - see https://news.ycombinator.com/item?id=4610739 for more info on that.
I always found that oddly specific - they clearly acknowledge that people will use the site to pay someone to do class projects, and get better grades by doing so, and they very much don't care so long as it doesn't determine whether the buyer graduates.
Not everyone lives in San Francisco or New York where they feel they must bill $100 p/h just to make rent. A smart person in an emerging economy where $500 per month puts them on a higher part of the local income curve could certainly realize that they can compete in a global marketplace on price. This does not necessarily make them incompetent, in fact it's not a bad way to "hack" oneself out of poverty.
Besides, many software applications are alternatives to excel spreadsheets or to handwritten HTML websites and don't necessarily require the hippest programmers who are well studied on the latest technologies. A customized rails scaffold can go a long way to solve a lot of real business problems, and doesn't HN often talk about the value of producing an "MVP"?