Defiantly FLAWED, but so many kids going to college and getting drgrees that they can use for a job and lots of debt. Working with your hands --- electrician/plumber --- or a painting contractor one can make some very good money. I do have a degree and make lots more money with a paint brush in my hand instead of a 'math book' standing in front of a Jr High math class.
I never understood why everyone thought they needed to go to college. Also a big waste of money to send a female to college unless they wanted to be a doctor, nurse or a teacher. How many do you actually know that are using there college education.