I said something similar in another thread, so this is like dejavu lol
I think it depends on what course you do, like people have said.
When I was in high school I heard about MA (Masters of Arts) grads who end up working as waiters cause they are unemployed (professionally)
I was like
shite, uni education is useless and no guarantee of job or anything
Now you go to uni, and you see so many Arts bums (those who do Arts for the sake of doing uni) and you wonder why theres so many Uni grads with little career options.
don't get me wrong I'm not bagging Arts people in general. A lot of them are good and dedicated in striving for careers in Literature, History, Geography, Psych, all sorts of weird and wonderful things. Its just that there aren't many jobs for anyone other than the very dedicated Arts students, especially since Law is becoming the new generalist degree for someone who wants to go do uni, just for the sake of doing uni.
Its not just Arts, theres a lot of courses with a higher than average proportion of bums/not very committed people, as well as a lower employment chances(talk about a double whammy for those people)
On the other hand you have courses like Commerce where almost 100% of people get jobs (as long as they do mainstream majors like Accounting, Finance, Economics), some way before they graduate. A lot of Accounting students I know have got jobs promised since they were in 1st year. And for every 1 graduate in Accounting, there are by all means at least 3 to 4 different vacancies open. And who cares if you have $100,000 in debt when you'll be earning that every year within 5 or so years anyway (if you're decent and ambitious).