> I saw some sensible commentary that basically.. these types of degree programs have always existed for the bored children of the rich. It just seems some didn't get the memo and took on huge debts to join them. This could be said of a lot of elite, expensive, liberal art degree programs..

And the world would be no worse off if only rich children with trust funds got degrees in film, Russian literature, or art history. And if the Government stopped propping up college loan programs, tuitions for practical degrees would drop like a rock.