Students are made many, often unrealistic, promises of the advantages of higher education degrees.
Commonly, students take out large student loans to pay for schooling with few job prospects and are left with potentially ruinous debts to pay off. Many of these loans are federally insured.
Many colleges and universities knowingly take students into expensive degree programs with limited employment prospects.
Employment prospects of the degree, as well as it's potential salary should be a consideration of granting the federally insured student loan to ensure over saturation of a particular field doesn't leave students with crippling debt, as well as the inability to fund wasteful degree programs would hold institutions accountable towards their promises of the reward of higher education