If the degree they grant you doesn't help you to get a job that can pay back the loan it cost to get the degree, how can it be said to be worth it? Certainly not in a financial sense.
Even a Berkeley degree is medieval basketweaving is worth a lot - you’re likely in the top 1% or higher of your field. This means you will likely end up as a tenure tracked professor.
You’re delusional to claim that state schools “aren’t worth it”. There are cream of the crop state schools.
A value (Top 1% in a field) times availability of jobs in field (just about 0) technically does equal a positive float, but the stark mathematic reality is that you might as well just take the 160k and blow it on lottery tickets for a roughly equal probability of making your money back.
And if it's just for "an degree", the reality is most HR departments in the US could give two shits about you having anything but an degree.
You’re delusional to claim that state schools “aren’t worth it”. There are cream of the crop state schools.