Quoted from lordloss:To side track a bit, I think the main problem with student loans is that it costs the exact same to get a electrical engineering degree as it does to get a sports management degree. One will make $65k out of school and the other will be $35k
I mostly agree with the comparison in costs of college in different fields versus respective salaries being a problem, especially as college tuition has become such a burden for middle and lower class families. However, if you graduate with a BSEE in a major recession like I did (1993) only about 30% of my graduating class in a major university were getting jobs right out of school. It took some time and post graduation creativity to end up with the opportunities many of us eventually got. Fortunately college was much less expensive even for an out of state student back then. I was not saddled with any debt because my parents were generous as heck and planned from my birth to send me to school on my dad's BSEE salary alone, and I helped out by being as frugal as I could while going to school and working a part-time job from my senior year of high school to my junior year of college. I have made sure to tell my parent's several times throughout the years how thankful I am for what they did to help me be successful. It was not only the financial support, but also the numerous times they gave me encouragement to achieve.