Some colleges are committing fraud by encouraging students to sign up for majors that have a diminishing career potential (most of the humanities). It doesn't matter if you have an advanced degree if there is no demand for it.
And there are too many advisors who don't clue the students in about the devastating effect of prerequisite courses. If you don't get the schedule just right, you miss the required course and bingo, you are committed for another year.
A close friend expected to teach music at the elementary level, when she was informed at the end of four years that she lacked several essential courses to qualify for her teaching certificate. She had run out of money at that point and ended up in a clerical job. Still she was lucky, because she hadn't taken on a huge student loan debt.
How do these kids pay back their debts with a minimum wage job?
"How do these kids pay back their debts with a minimum wage job"?
Exactly. Parents want their kids to go to college and then expect their kids to borrow for 4 to 6 years( 60 percent of students shouldn't even be in college). Then the parents are surprised their child can't get a good paying job to pay off the debt. So they end up back at home, in debt. Parents don't take the responsibility of paying for college and their kids don't take the responsibility of growing up and moving out. Baby Boomer parents are the worst. They reap what they sow.