I've had many friends in many colleges, some of whom went into the sciences, and others into arts... beyond a limited demographic there were few people who were solely there to party. It's a tired stereotype perpetuated by shitty movies.
My experience has been that arts students tend to be more aware of, well, life in general - politics, the arts, social issues, etc, whereas engineering students were more or less of the "oh, I've heard OF it..."
There are two beneficiaries to post-secondary education: the student, and society (particularly, democracy) at large. The problem here is that the way things are structured, the degree programs that will most benefit a free, democratic society will make you broke, forcing people to choose one that will most benefit themselves only.
We risk creating an entire generation of mindless, uncultured automatons hyper-obsessed with material wealth, wading knee-deep through a pool of educated but broke people.
It wasn't always this way - there was a time when getting an engineering degree also meant a breadth of education in indirectly related subject areas. Where engineers took music, sociology, and fine arts... I've noticed a rapid decline in breadth in engineering programs, though, and IMHO this is a silent problem that has yet to rear its ugly head in the papers.