Time was when anybody with a college degree could get a job, for degrees were relatively rare. Then many people figured out that [degree = employability] and lots more people started getting them. Now employers don't want just any degree but a specific degree related to the position they wish to fill.
Back to Reynolds' example; who wants to hire someone with a dual major in religion and women's studies? In fact, wouldn't a resume with those majors listed flag someone you would not wish to hire? I believe they say "I'm a trouble-maker, a lawsuit waiting to happen."
COTTonLINE believes the day is long past when students can come to college, find what they love, major in it, and leave to find a good job using a degree with whatever major suits their passion.
Today, smart students early on go to the student placement center, find out what majors firms are coming to the university to recruit. They then limit their choices to that subset of college majors which are leading to employment.
If only engineering, computer science, business administration, and education majors are being actively recruited, smart students limit their choices to those fields of study.
Students who love some other field of study need to seriously consider whether it makes sense to borrow up to a hundred thousand dollars to learn something at which they will not be able to earn a living. Generally, the answer to that question should be "no."
This is particularly true since, as Reynolds notes, they will be stuck with the debt regardless of whether or not they go through bankruptcy.