I’m in total agreement with you. I got out of school in '96 before prices skyrocketed. I think the schools began raising their prices for degrees simply because they could. With student loans available to anybody the colleges knew they would get their money whether the students found lucrative employment or not. If someone wants to get a LA degree because they love the subject, fine, but don’t make them have to mortgage their future for it. This is why I think colleges are just a racket these days.
If they were only $20,000 in the hole after graduating with a LA degree that wouldn’t be so bad, but having to pay 6 figures back in loans is ridiculous. I think schools should charge based on the employability forecasts for the majors. A philosophy degree should not be as expensive as a nuclear engineering degree.