> And outside the Ivy League there are tons of kids who get a degree, spend a lot of time partying, to get a job they could have done without the degree.

Reminds me of something I recently read. iirc, it was some local news story regarding a college student at a nearby state university. I remember someone asked him his plans after college and he replied something about wanting to start a landscaping business. I wondered why the hell someone would bother with all that debt for something that they could have started years ago.