George Leef comments on In The Basement Of The Ivory Tower. I don't know the book, so I'm not linking or recommending (though it sounds promising).
We have constructed a situation in which an ambitious young person must acquire an expensive and often useless degree in order to have any credibility in applying for many jobs. I absorbed the view, from reading and from family, that college was only indirectly about preparing for work - it was about becoming a complete person, a man of many parts, thoroughly grounded in Western Intellectual Tradition. One got into the most prestigious college that would accept you, studied what you wished within a narrow range of approved majors that reflected the Canon, and Western Civilisation rewarded you with employment suitable to your station at the other end. One Christmas, when college sweatshirts were fashionable for boys, a flock of them were given to our boys and their cousins: Stanford, Duke, Yale, William & Mary, Dartmouth. The message was clear.
We only gradually abandoned this; our older sons still showed a great deal of this approach themselves, though they were already breaking that mold by the time they left. The two Romanians went even farther afield, but there was still much of the old system put upon them. We still owe tens of thousands on that, too. I hope there is some clarity by the time Kyle is choosing.