Not tongue in cheek.
First, college isn’t for everyone and students should make a sober evaluation as to whether or not college is even for them.
Then, they should make a sober evaluation about a good, marketable major.
Then, they should make a sober evaluation as to whether or not the degree is a good investment for them.
More loans isn’t the problem. Big loans for worthless degrees is the problem.
Higher Education will be the next housing bubble and for roughly the same reasons. It became popular to believe everyone had to have a college degree, just as everyone had to own a house whether they could afford it or not, and the govt got involved in providing the loans to make sure they had one.