In my opinion it mostly is over rated. To be about 90% of college degrees are not viable, realistic, or profitable in the "real world" no matter how noble they seem... such as certain degrees in the Humanities (that try and pretend they are also a real science). Then you have your utterly useless degrees in things like Philosophy in which you have very snobby pompous students - who only end up working at Footlocker, WalMart, or as an Administrative Assistant, along side the history & psychology students. Then you have the "Professional Victims Studies" OOops I mean "Womens Studies" in which they end up needing a Social Work degree to do anything and even then they end up becoming overly pushy Social Workers with an "I hate men" attitude. Or you get your Psych Students who believe they are actually studying a science and are dismayed when they too can only find jobs as Social Workers (might as well have taken that 4 or 5 year Psychology program and switched to a simply 2 to 3 year course of study for Social Work). Everything from Arts to Humanities. Now I do see people in certain "Real" or "Natural" sciences get jobs and people who study Computer Science. Then there are your Engineering students who tend to do well. But 90% of degrees are for those who "can't do math very well" and who are more "subjective emotional thinkers" than "objective scientific thinkers". These people are being scammed out of their money by colleges / Universities that know full well that very few of these people are going to be successful. You've got your Anthropology, Sociology, and Psychology failures then further down the rungs you have your Social Work and Special Humity Study and cooking/culanary failures who are even more further down the food chain than your run of the mill Psychology students. So you see there are levels of failures in college. Though not everybody in that upper 10% actually get good jobs either. But I did notice that with the REAL sciences and vocations there are more chances for real employment, some of it seems like dirty work as well but actually makes 3 to 5 times more money then the phoney bologna degrees such as "Psychobabble and We Hate Men studies". Though a lot of your Engendering students are men who are in the closet and are more likely to cheat on their wives at cruising areas after marriage, but other than that they tend to make more money so I guess they are due their vices. After all they probably married one of the 90% who got a bad degree who now leans on him for support. Now don't get me wrong I feel there is a small % of stuff in fields like Psychology that is applicable to the real world but not enough warrant a degree in it. But actually I think the stuff that does actually work found in Psychology is NOT actually psychology but rather something that should fall under Neuroscience, but of course you have these oxymoron degrees in which psychology tries to attach itself to a real science and you get fields like "Cognitive-Neuroscience " which is basically like saying "Philosophy + Science" somehow equals a non-paradoxical, when in all reality the term "Cognitive Neuroscience" is in fact an oxymoron. Something can NOT be a philosophy and a science at the same time. ha ha ha With such a huge number of people in the wrong fields it's easy to see why the American economy is such a failure. I'm not saying these "lesser" degrees should be scrapped but they should be retooled to be more realistic. Basically I've seen people who never went to college end up more successful both financially and emotionally satisifed when they ended up learning a trade and getting promoted within a company or business. And those that went to college that were "mostly successful" where those that took courses in that 10% range of Real Degrees. Even if it was your run of the mill business degree it was still far more profitable than a degree in Anthropology, Philosophy, or We-hate-men studies.