The schools lie to the students and say of course this degree will get you a job paying more than enough to pay back the loan. But it’s statistically impossible for that to be true, some large percentage of students is not going to be able to convert the degrees given into paying jobs.
These students have a very solid argument that they have been defrauded.
Schools lie to the students? No — students lie to themselves. They want to get out of the house for sex, drugs and rock and roll. They want their own apartment, big screen tv, cell phone, etc. and they look for the easiest major. Too bad, so sad.