> since the vast majority of jobs don’t really need a college degree.

This is the unfortunate part to me. I see a large amount of "not minimum wage, but not that great either" jobs require bachelors that the average person could probably do with a HS education, or jobs wanting advanced professional degrees that are paying pennies and probably don't require much more skills than from a bachelors or even associates programs.

And then there's a number of fields where highly skilled (and proven) individuals can't get the better job because they don't have the right degree.