More students certainly do not need to be taking on more debt, along with their parents, for any degree that doesn’t have a high correlation to being hired at a salary that allows the debt to be repaid. Any degree with the word “studies” in it automatically fails this test. I know I certainly made that error with both of my kids and was fortunate to clear my portion of the debt some time ago.
I strongly encourage most parents to send their students to a local community college first to ensure they are capable of the work and discipline at the college level. There are too many distractions at the typical 4-year institution for most students. Parents should be quick to recognize if their child is not ready or would better benefit from entering a technical or trade school. The really bright ones will rise in the trade and seek independent opportunities such as owning a trade contracting business.
Even entering a STEM career field is no guarantee with the prevalence of H1B and outside contracting overseas for technical services.
Good comments. Completely agree.