It is ironic, isn't it? Those complaining about their debt load are in many cases the ones who can most afford it.
I don't have any sympathy for the empty nester who goes and gets a grad degree in comparative literature. I have a lot more for the single mom who got a degree in education (which also almost requires you to get a grad degree later) or an RN. The ones I feel the most sorry for are the bright kids that "followed their passion" and got a history degree, then found out it was worthless. Four year liberal arts degrees are now a luxury of the already wealthy.
My dad got a degree in voice from the IU School of Music (via scholarships and working his ass off) in the early 50s. He had a job lined up as the musical director back in his home town upon graduation. Instead, he got drafted and sent to Korea. When he got back, the home town position wasn't there, and he went to work for American United Life in their mortgage loan department. He had zero background in business or finance or economics, but they took him on and trained him up. He later went on to be a top selling agent.
That doesn't happen nowadays. Employers want their cogs pre-built to their specifications, ready to plug into the machine. Colleges and Universities today are glorified trade schools. The days of getting an education for education's sake are long gone.
not sure i'd say a history degree is worthless, and there are history teacher jobs if you can qualify on other fronts, but never less, it's not a degree in brain surgery.
that said, there's something to said for following one's passion, and it's a shame that one can't follow it as relatively cheaply as one once could.
on a side note, i was talking to Judge Smails out at Bushwood the other day, and he told me, the world doesn't even need ditch diggers anymore..