A list of the worst college degrees. Several of these target low-IQ individuals, and some derive psychic value through paternalism. El-ed probably hits both of those descriptions most clearly.
Related to this, Ironman wants student loans to be dischargable debts in bankruptcy proceedings. That’s probably a decent third-best solution, with a first-best solution being to remove government interference in the higher education market. That would cause the student loan market to crater, but would also cause tuition to drop considerably as college-age students (and their parents) would be responsible for footing the bill and thus would choose more wisely. As it is now, a lot of those students are hoping to get a free ride at the expense of people who made better choices.