There is also much more massive demand for a college education than there is for college educated workers.
In the past, poor grades kept inadequate students out of college. Now schools hand out A’s and B’s for not much more than mediocre attendance. Everyone thinks they are college material. But when they get there and find there is actually work involved they look for the easiest path forward. Which is usually a major that only requires regurgitating socialist propaganda.
Colleges love these students because they are easily manipulated into borrowing way too much money and hand it over to essentially remain uneducated with a worthless degree.
Makes you wonder how much of this is insiders recognizing that Universities are a bubble popping, and you can avoid or delay thatby publicly subsidizing student financing