What kind of thesis is this? A single book, or a collection of papers?
If it's the later, then it would be normal for a student to need the raw image files of all figures from the collaborative papers included in the thesis so that all the papers can be put into the same format in the formatting process. The papers will be included with all authors listed, so there's no issue of attribution.
If it's the former, then the figures should be included with a reference to the original paper in the figure caption just as any previously published figure which is used should be, whether it comes from a paper the student was involved with or not. (Note in this case if the thesis is formerly published then the student may need to apply for copyright permissions from the journals to reproduce previously published figures, just like you would have to with a review paper).