> I think schools should be required to press upon students prior to taking out these loans honest and factual statistics about their future job prospects, needs for advanced education, and the average graduates ability to pay back the loan.

I think schools should be required to justify why imparting a gender studies education costs $100k. Apart from professor salaries (maybe $80k/yr for a public uni in a a major metro area) and classrooms/whiteboard markers/projectors (already paid for, but figure equivalent of $15k/year) what exactly is that money going toward?

We in industry can also help by not valuing the university "name" so highly, and saying so loudly and often. If the job market was kinder to applicants from institutions of lesser-renown, we'd have fewer students willing to go into crazy debt to get into a prestigious school. I acknowledge that software is actually pretty good about this but other industries are not.