Not convinced - a sensible bank will look at the likelihood of a person to get a good job after their education, and might conclude that while choosing Engineer

Not convinced - a sensible bank will look at the likelihood of a person to get a good job after their education, and might conclude that while choosing Engineering over Art History is a factor, there are far stronger factors like - parents wealth and social position - wealth of parents of peer group at the university - skin colour, gender - propensity for drug alcohol abuse in the family - heart and other medical conditions that might result in early death We choose welfare insurance at the state level to avoid / correct these undesirable features of our current society, not to continues them into the next generation