But you cannot deny this: There are degrees which are specifically calculated to empower the recipient in the business world, and there are degrees which are not so (hobby degrees).
Should we act surprised when someone chooses a degree which is not directed towards empowering the recipient to get a job, and then that person has difficulty paying off their student loans? Of course not. Even a liberal arts major can do that math...but maybe not a gender studies major.
If there were no government /guaranteed student loans, then banks would be very careful about the loans they gave out...they would limit them to STEM or business, or demand higher rates for the others. Involving the government has created an army of less employable people. Only a liberal would want to create that problem and then solve it by taking more money from employable people.
I don't disparage people who pursue hobbies...at least until they started asking me to pay for their hobbies. Go to Tulane or Notre Dame for a hobby degree, incur $200k in debt, then ask me to pay for it? Fuck that.