My recently retired wife spent 20 years in one of the largest privately owned financial institutions. We had this conversation the other day and she agrees with my above assessment. Like others, I've come to the conclusion that not all need to attend college if they don't study STEM. Let those who are floating through college with their Social majors spend their life in mom's basement and working at McD's to pay off their loans. It's not my tax-payer problem.
IT'S THE FAULT OF THE STUPID PARENTS WHO GO ALONG WITH UNPREDUCTIVE MAJORS THEIR LAZY CHILDREN WANT.
I was lucky in that my kid was not a flake. Got through college in 3 years instead of four with a summa cum laude and then went to medical school and has been a practicing surgeon for the last ten years. It cost me about $270,000 altogether in the mid 90’s, and I don’t regret spending a penny of it.