The College Board has released its annual reports on tuition costs and financial aid.

The punch line: students who graduated in 2013 with student loan debt had an average total of $28,400.

For most of them, this is bad. Many degrees are worthless even in a better economy and a better job market than we have right now.

The few who graduated with degrees in skilled fields like computer science and engineering will probably be fine. Other degrees, probably not. Note that this isn’t just the obvious silly majors like Etruscan Pottery or Shemale Lacrosse, but some generic business degrees as will.

College isn’t what it used to be, but most people are slow to catch on to that.