. . . Psst! Want to know a secret? Art school is fun.
This is the first fundamental problem. Far too many people go to college/ university for bleakly utilitarian reasons because they think it'll get them a job; or because they can't think of anything else to do; or because their family (or society at large) expects it of them. Far too few go because it's fun or because they actually want to study anything.
The second fundamental problem is that there's a big difference between going to a vibrant, lively college and a dull degree mill. Far too many colleges are degree mills.
Third, there's an enormous difference between (say) New York, Paris or London, and some bleak provincial city, especially if the bleak provincial city in question has a Mickey Mouse university that was formerly a technical college.
For example, when I feared I was going to get thrown out of law school for failing Criminal Law for the third time, I applied to Salford University to read Ecology. It turned out that the ecology degree had been nailed together from two previous courses: training to be a meat inspector and training to be a sanitary inspector. I was accepted for the course but said, "Don't call me, I'll call you." Fortunately I passed Criminal Law the fourth time.
Fourth, being young is (or can be) fun as long as you aren't wasting your time with a dull, pointless, utilitarian course in a bleak provincial city. One of the reasons I repeated a year (because of the Criminal Law) was that one term, I spent just six weeks at the university. I was too busy having fun elsewhere.
Fifth, I'd probably have enjoyed myself a lot more at that age if I'd bypassed university and done what I did two or three years after leaving: worked as an assistant in a London advertising/hire studio. Or I might have done better just to practise my writing: this is a powerful argument for a universal basic income (UBI). Or I might have joined a local newspaper as a junior reporter, as the late Sir Terry Pratchett did.
There are far too many pointless universities handing out pointless degrees, and far too many people go to them just to get a pointless "qualification" which is nothing of the sort.
Cheers,
R.