Mark the day that Glenn Reynolds agrees with the president. I don’t think he goes far enough here, though:
Right now, too many people go to college by default, even if they don’t usually major in art history. College is a status symbol that many regard as essential to membership in the middle class, but now it’s a status symbol that requires a six-figure investment, often supported by student loans.
There’s nothing wrong with going to college, and there’s nothing wrong with liberal-arts majors, so long as they’re rigorous: The world does not enjoy a surplus of people who can think critically and write clearly, and America is certainly not overloaded with experts in foreign languages. The real problem is with non-rigorous majors, which are common. Those cost just as much, but leave their graduates no better off than when they entered, and often in debt to boot.
If they were only no better off, it wouldn’t be as bad, but many of them come out of the experience notably less educated and malinformed, in the sense that they have been indoctrinated into the nonsense that the faculty provides.