Every college degree brings it's own merits to the conversation. At the end of the day, any student and parent not factoring in the ROI of the degree is missing out on a critical lesson about decisions and consequences.
If my son wanted to go to SMU and get a humanities degree vs. Tech and engineering (he's not, just an example) - we'd sit down and run the numbers. My oldest is scouting colleges now. He's a junior in HS and we had him construct a spreadsheet with every school he's entertaining and break each down. Initially it was basic stuff like size, location, entrance requirements, etc. Once he narrows down a field of study, we go another level deeper:
Location & logistics of the school's location
Debt incurred to obtain the degree
Application of the degree and post-graduate options
Earning potential post graduation
Cost to pay the loans (yes little fucker, you're getting loans regardless of my ability to cover the cost of the school)
Social costs - car, cost of living in the town
Off site living costs
Fat chicks with low self esteem