Eduroam/University wi-fi privacy confusion

So this is a question about a mid-sized public university that uses Eduroam: when you sign up to use it, it’s part of their agreement that you should “have no expectation of privacy”. Pretty ominous, but I wonder what that means, exactly. I’m sure they have bots that can regularly monitor traffic and can bust people for doing malicious things to the network or consuming loads of bandwidth through torrenting. Well, there’s no question that I wouldn’t do any of …

bots bust monitor people privacy public question sign traffic university wi-fi