I completely disagree. Colleges and universities are simply "putting their product out there." It's not up to them ensure its students choose wisely; it's not up to universities to ensure its students choose majors and fields of study that will guarantee any sort of outcome upon graduation.
If students would choose their majors and their classes more wisely, everything else would fall into place. If colleges and universities stopped bowing to political pressures, they wouldn't feel the need to conduct social engineering on their campuses. They wouldn't drape tenure on professors who've become nothing more than professional agitators, leading campus sit-ins and protests and marches against the administration, insisting upon certain wages and certain racial compositions in their janitorial and clerical staffs--something students should have no concern over.
If we as parents (and taxpayers) started to enforce the notion that college is an investment in the young adult's future, and that in any investment, a positive return is expected. And if we explained that no 4+ year degree is worth going in debt for $150 thousand dollars or more, if all you could expect to make is $30 thousand dollars per year annual salary. It's not greedy CEOs holding you down; it's that degrees in Medieval Literature, Women's, Black or Transgender Studies don't have much of a market.
And yet many colleges have entrance standards. Perhaps if colleges only admitted people who (from pre-admission testing) had a reasonable chance of making it in their majors upon graduation, and DROPPED majors which had too many people not being able to make a living upon graduation, things would turn out better.
Colleges are in a better position than students to know the necessary information to be able to make decisions like this.