Perhaps I should have written it a bit more clearer, but in my mind I was comparing degrees with certifications. I feel studies/degrees that have an associated certification (possibly legally mandated) linked to it should have a different loan profile as compared to open-ended degrees.
Whether you are going to Trade school to become a Plumber, or Med school to become a Doctor; in both cases there is the study part (that may or may not issue a degree also) and then there is the certification part, and that certification part is what's important for the job and thus directly linked to it. You studied medicine but your certification is specifically for Cardiology, so THAT's you career path. Please stop looking at kidneys, you are disturbing the Nephrologist.
But ordinary college degrees NOT linked to certification, just have the study part... and there is NO direct linkage with a job.
An English degree can be done just for the sake of it, or to become a Teacher, or to become a Journalist or Author or whatever.
The degree itself isn't linking itself to one single career or closely related group of careers; they may waggle their eyes and pose innuendoes, but unless there is a specific certification, they are open ended, and that's deliberate by choice.
They WANT it to be open-ended because then the responsibility isn't on them. Oh you did Chemistry? Look at ALL the career options you have! We are just here to broaden your mind with the wonderful world of chemicals!
You might have the potential to become a chemist or pharmacists or a lab tech or who knows even a famous researcher; look at this example of XYZ who become world renowned in lithography machine lubrication who studied chemistry at this very institution! Or look at ABC, they now work at NASA, wouldn't YOU like to be an astronaut-chemist doing stuff on the ISS? Go forth, the world is your oyster!
The possibilities are limitless, and therefore the degree is NOT about the job, it's just about the education. Whether you end up as a chemistry teacher or a drug dealer in like Walter White is up to you.
And thus it's your duty to research, what job options do you feel are possible for you after the degree? and is a loan worth it for you?
Compare that with career-specific certifications, and there you have exact data of how many jobs are in demand and more importantly you KNOW you will be locked to a certain path and thus you (and the loan giver) can plan accordingly.
Sorry if this reply was a bit of a ramble, but I hope I was able to clarify what I meant.