<p>All fairly common majors have a use. That doesn’t mean everyone enrolled in them will be using them in a useful manner, but that’s hardly the major’s fault. Not all majors have the “make large sums of money” use, and when people’s illusions run contrary to this, they often overestimate their future earnings, borrow too much, and don’t have realistic goals coming out of college.</p>
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Yes, we must ask the pressing question, what is the key factor driving the US into debt? Bloated war spending? Nope. Ever-lowering taxes for the wealthy? Not a chance. Inefficient funding/management of government programs? Can’t be. College students taking out loans? There we go!</p>
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That damn 8.8% default rate on federal student loans has bankrupted the country! Of course, that number is driven up by the 15% default rate for students of for-profit colleges. Public college/university students default 7.2% of the time, while nonprofit private college/university students are sitting at 4.6%. This clearly represents a sizable majority of students majoring in the liberal arts.</li>
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<p>You’re clearly not a liberal arts major. Now I have to throw out a science major, too, since your post shows either terrible math skills or nonexistent research habits. So… business? Hm, but you have a poor understanding of the credit markets and loan default rates. Uh… engineering? But then there’s the math issue again. Out of curiosity, to what major do you owe these tip-top reasoning skills?</p>