This looks interesting...a new documentary coming out about the student loan debacle. defaultmovie.com | the student loan documentary
That was rather quick, at only 1:04 in on the preview we have this quote: "Corporate irresponsibility is far more to blame then personal responsibility on this issue" It's Wal-Mart's fault Frankie spent $42K on a degree in Professional Indignation Studies? Or Exxon's? Could it be Facebook's or *gasp* Apple's (hell no that's Blasphemy). Fix the problem, not the blame!
Guidance Counselor's will usually tell a student to go after a major that interests them without giving them the lowdown on the fact that it may not have much worth in the job market. Parents tend to do the same thing. It's because the prevailing attitude has been that simply getting a degree is all the thought needed. So a lot of the "Frankie's" are just the product of what they've been raised to believe.
You are absolutely right. That's what everyone I know was told. But, I graduated high school in 1989 and things were a lot different then, it was enough to get a degree in anything. Nowadays, any ol' degree is not enough, especially if one wants to maximize their earning potential.