What are these degrees? Can you name few please?
Something I learned the hard way in college is that each college specializes in something and then offers a whole bunch of degrees just for the hell of it.
So what that means is that for example around me is a teaching college and they probably have the best teaching connections in the state and their teaching program is very good. You could go there and get a biology degree and it would essentially be worthless. If you wanted to go into research you'd probably go to the more research oriented university.
If you want a computer science degree there is only one college in the state with a good computer science program. Etc. The teaching college doesn't even have computer science, only MIS or something like that.
So its the degree programs that matter. It takes a bit of networking and pounding the ground on your own two feet (visiting professors in office hours, talking to other students about programs, etc) to really find both a good program that matches your skills and being in the right place at the right time.
College enables you to put yourself in that place. It does require a bit of a plan. I wouldn't worry about the OVERALL job market too much or what 20 year old is going into super debt to party or whatever. You think an engineer at MIT is worried about the job market? Exactly.
Although it doesn't have to be MIT. Try and get into the best program you can at whatever it is your nearest universities offer. Spend some time learning about some of their programs that actually work with employers. That same teaching college has a speech pathology and audiology degree that can place you into speech therapy and making specialized hearing aids for example. There's probably like 100 people in that program and 1,000 english degrees.