This is why some liberals want to make a college degree free for all citizens.
What they do not realize is that the value of a college degree is declining over time because the education received is less useful to our eocnomy.
True, for some college degrees but not all. Read this from a Daily Trojan (USC) article: Engineering unemployment rate drops
"The unemployment rate for recently graduated undergraduate engineering students dropped from 6.4 percentage points in 2009 to 2 percent in 2011."
Get yourself a degree in a good solid technical field and you can still find a good job. Study some mushy lib curriculum and you will find yourself without any job skills at all.
As college attendance has become more widespread, the level of performance expected from the students has gone down. Of course this is not true everywhere--there are still demanding colleges.