We also have millions of young fools, who having failed to grasp the basics of economics in High School; spend hundreds of thousands of dollars on a career path that pays minimum wage.
Consider a BS or Masters in Performing Arts. For a mere $150,000 you can learn to use theater makeup, run lighting and play “Let’s Pretend” for a couple of years. Maybe you can get a job at your local theater, volunteering to contribute your skills there. The odds of getting a professional position, are next to zero.
Meanwhile, that student loan will ensure you live at poverty levels a large portion of your adult life.
Or you could apprentice as a plumber, electrician or auto mechanic, among other trades. But then you’d have those icky dirty hands and the elites would call you stupid.
Never mind. /s
If you or I did what the Universities do we would be jailed for fraud. They get these kids in, work hard to separate them from parental influence and then push loans on the kids.
My son is in college and the blatant lies he gets told are amazing.