I tend to agree that there is an education bubble, just not in engineering or the sciences.
Any English or history major has access to the same loans that an engineering or biology major has, but on average, they are likely to make far less in income. Should what you are studying be a factor in loan applications? I think so.
Another side of the same coin on income inequality (pure numbers, not social justice) is that most universities (that I am aware of) charge the same for all degrees, regardless of earning potential. Someone majoring in elementary education will almost always have a smaller return on investment than an engineering major.
Any English or history major has access to the same loans that an engineering or biology major has, but on average, they are likely to make far less in income. Should what you are studying be a factor in loan applications? I think so.
Another side of the same coin on income inequality (pure numbers, not social justice) is that most universities (that I am aware of) charge the same for all degrees, regardless of earning potential. Someone majoring in elementary education will almost always have a smaller return on investment than an engineering major.