I think the debt problem is one of a predatory nature. I love music and history, but I came from a family that pretty much only got by because of welfare. I didn't have the time or money to waste getting a degree in something that had zero job prospects after school.

You show a $50k a year degree to an 18 year old from a more middle to upper middle class family, though, and they're not going to understand how much money that actually is. They're going to see one big party that they don't need to pay for until they're done.

I also remember when I was in high school, all the boomer teachers and parents were saying university is a gateway to easy money after. We were sold something that hasn't held true, and I think a lot of people are very bitter about that.