What? Are you demented? The need for higher education is ever increasing in our world because more and more jobs today require it in order to be successful.
The demand is false, like the housing bubble and it is bursting and will continue to burst for quite some time.
How in the world does that make any sense? Name me ONE decent paying field that is booming that would not take higher education in order to qualify one's self to fill the position.
College has become a place to obtain a position in society that pays more for doing vastly less challenging work in MOST instances. Schooling has its place in the world, it’s just a bad investment when you find yourself competing for a job with thousands of other people while also knowing in 5-10 years that job might be obsolete… Yet you have 50-100k in loans…
So the real problem is that college is too expensive, and the education you get is apparently so narrow that you will not be qualified to even enter another field at entry level. That, right there, contradicts your assertion that college is a "false demand," because right here you admit that people will not be qualified to find other jobs with just a HS education. If college is too expensive for individuals, then it seems to me that the answer is to invest more heavily in education, with wider and more substantial federal grants and aid, expansion of federal subsidized loans for education, and perhaps as much as (GASP!) universal education a la European models. Minimize the expense for the individual, not only do you eliminate the nasty 100k loan issues, but colleges can then be freed up to expand their degree requirements so that a college education can offer fuller applications for people, so that a degree will not necessitate that you enter a job that becomes obsolete in 10 years.
Of course, all of that assumes that your claims are better than unfounded bullshit, which unfortunately they aren't.