My plan for my (13-year old) daughter is community college, then a state school for a four year degree, which I should have enough savings for. But, more impor

My plan for my (13-year old) daughter is community college, then a state school for a four year degree, which I should have enough savings for. But, more important than the amount of debt, is which major, which is the great elephant in the room. There is a huge investment in degree programs that don't increase your salary, and this fact is routinely buried by doing the analysis on all majors combined. For some majors, taking out loans to get a degree is still a good deal, and for others it clearly is not. It's like asking if a mortgage is a good idea in order to buy a house, without reference to where the house is and what shape it's in.