Overrated degrees
The reason why they are overrated, is because colleges and universities don't teach anything worthwhile anymore, unless it is a specific pre-set for later schooling (ie, pre-med).
There are a few, IT tends to teach programming (not well, but teach it). The one thing colleges USED to teach, and why a degree was so valuable initially, was they took a solid base-core of knowledge learned in high school (supposedly how to survive in the world), enhanced that, and expanded on what you needed to know for the field of work you chose.
Now we have kids who can barely read and write by the time they get to college... Colleges are rated more on party-school status than what they offer, and since the kids coming in have half the knowledge or less of kids going to college 20-40 years ago, the universities can't teach things well anymore. Add on to the fact that too many colleges/universities are run like poor businesses worried about prestige and who works there, than the kids they release (VERY UNPREPARED) in to the world... It's an overpriced recipe for disaster....