flu, you’re not taking into account here the EXORBITANT costs of EDUCATING an “engineer” vs. what they can expect to make IF and WHEN they finally get hired. Please reread Econprof’s post and do an ROR for yourself on an engineer graduate in a dicey outsourcing job market vs. a student who graduated from a one-year CC ROP program at $26 per credit hour or $780 plus books (you can get them easily at this level “used” on craigslist) who graduates and gets an immediate job at the local Sears as an alignment tech starting at $25-$30 per hr + benefits.
I really don’t see what the current “draw” is for an advanced degree unless your father is a partner in a well-known law firm that is going to pick you up IMMEDIATELY after you pass the bar – so you can start right away making your $1000 mo. student-loan payments.
If the student obtaining a “professional” degree has no “connections” to get a job in a timely manner BEFORE their student loans become due and begin compounding, there is no guaranteed ROR, IMO.