The other problem is they were sold a bill of goods that says you HAVE to have a traditional 4 year degree, to get a job.
Certainly sold that along with their parents.
In the early 70's, my HS counselor was asking me what college I wanted to go to. I told him I didn't really want to go to a "normal" college and learn all the crap they make you learn. He asked what I really wanted to do. I told him I LOVED playing around with electronics. He said how about a technical college.
Wow - you gotta be my doppleganger! The only real difference was I took both the Technical route plus the Academic classes - which they tried to discourage. "You're such a smart boy, Ol! If you do this, some peopel will think you are stupid." Tough, says I. I was a real oddball, thinking of alternative career paths even in High school.
Today, getting a 4 year BS degree can leave you in such debt, and the jobs in some markets if you can find one in your degree field, pay squat, forcing some to have 2 jobs, 3 jobs, just to pay rent (that is if they move out of mom & dads).
Many graduate with the equivalent of a modest house mortgage. And unless you are in one of the few really good paying fields, you better be prepared to make maybe 30 K a year.
Everyone complains about "big oil" big pharma" etc, but this country needs to have a SERIOUS discussion about "big college". A major university can pay their presidents way over 6 figures, over 7 for their sports coaches, professors earn a ton, sometimes using teacher aids to actually teach the class because they are too busy writing books and what not. Universities are nothing more than money generating.
As the research money passed from places like Bell Labs to Universities, much of the drain started. Now they are in competition with each other not only for research money, but compete for The pay at the top, for buildings, for sports of course, and are at this point teetering with top-heaviness.
They have squeezed that turnip as far as it can be squeezed. Graduating with 80-100K of debt, and trying to start life as an adult on the meager pittance most degrees afford is simply a non starter any more.
And a note to the Universities. Those things that you are really interested in, the sports stadiums and coaches that must be paid millions, and fleecing fans you extract more and more from every year. Here's something that might make you shit your Kalvin Klines. Who is going to make the millions in donations to your football programs, and give your universities special "gifts" in order to pay the face value of your sason tickets and come to your stadion and pay the crazy prices just to park and get shit faced? When they don't make enough total money a year to pay for one season?
Your product just isn't worth it, and in many places attendance is showing, as the crowds grow positively ancient, and teh new crop of fans aren't showing up. This cash cow is dying from being overmilked and underfed.