Higher Education - One of my 'pet peeves'

*************************************************************************************
I am trying to help my younger daughter get through college. We have borrowed around $20,000.00 so far, and she may go for another couple of years. We will be paying back loans long after it is all over.
Recently, a friend of her's graduated college with a four-year degree. Top of the class, I believe. The job she landed in her field was for around $7.00 an hour. She had to leave that for a newspaper job to make ends meet.
I feel that there should be some kind of guarantee when someone graduates that they could land a job that would enable them to [at least] pay off the debt they accumulated from their education, don't you? Unfortunately, it seems that higher education is, in most cases, just another legal-racket to take the money of America's citizens who want a better life for their children... What do you think?
*************************************************************************************