I would suggest that spending $250K to earn a degree from a third-tier private college is, basically, nuts, when a degree from State U. can be obtained for 1/5 that price. More amazing is that the education establishment has sold so many people on the proposition that this is a good idea. The acceptance of the concept that formal education is desirable at any cost led to the incredible college cost inflation over the last three or four decades.
Actually, that’s not so. Art history majors, for example, tend to be upper-class women. They may enjoy a net worth through inheritance or marriage, but they’re not in school in order to maximize their earning power. Many aren’t.
Also, most people, given the opportunity would rather their kids go to the Ivy League school over State U., in part for the experience, in large part for the networking and whom they meet, and in large part because for the rest of their lives they have a leg up on employment and advancement because of that exclusive-school seal of approval.
You may measure education on a purely dollars-in and dollars-out basis, but many don’t.
Re-educating employers would help as well.
If it doesn't require a college degree to be President of the United States of America ( for example: Harry S Truman) then it does require one to be the events planner or check-in clerk at a high end hotel.
Suggestion:
1) Encourage employers to use SAT/ACT scores and internships to identify bright and teachable potential employees.
2) Encourage employers to remember that most jobs done in the U.S. are learned on the job.