[caseysoftware]

Your "and join the middle class" step isn't happening. There are two classes of people who graduate from college at this point.

The first graduate with degrees and skills that are useful - or can be made useful - in the professional world and start working immediately.

The second graduate with degrees that are useful for the sole purpose of teaching others those exact same topics and nothing else. They get paid a fraction of what the first group is.

While we need some teachers, professors, etc, the low pay in these roles point at an overabundance. If there were less people seeking those roles, recruiting them would become a priority and pay would rise. As we're seeing in software development every day.

[jiggy2011]

That's a problem caused by people making poor choices rather than a problem with loan financing.