Just because college may be a great choice for social mobility at the individual level doesn't mean it can scale to everyone. I believe that anyone who gets in

Just because college may be a great choice for social mobility at the individual level doesn't mean it can scale to everyone. I believe that anyone who gets into Harvard should finance it with as much debt as they like, regardless of their major. It'll be worth it. If you are accepted into a non-competitive-admissions school, you need to make an informed cost-benefit analysis. The relative ubiquity of financing options makes this a bit distorted for an inexperienced young person, effectively lowering the perceived cost. For some reason we believe that lowering the cost function for students will lead to increased demand for college education will lead to increased supply of graduates will lead to... increased supply of good jobs? It's a flawed idea, because it turns out that what really matters, as a young person, is your resume's strength relative to your similarly inexperienced peers, and a mediocre record at a mediocre school is not going to set you apart.