This is oversimplifying. The path to a good career after graduation is still fraught with many traps and pitfalls.

Ask anyone who finished university in late 2008 to 2010 how their job prospects were compared to those that finished just two years earlier in 2006.

Compounded by the fact that there is no way to discharge the debt if you get exploited into signing up to $100,000+ of debt for a degree that provides no good stable income afterwards.