I think people go to college for different reasons. For some it is just what they were/are expected to do and they have no particular direction. For others, it is to study a subject they are deeply interested in, but which may or may not lead to good career choices. For still others it is to prepare for chosen career paths with flexibility to change directions as the workplace evolves. If your child wants a career in teaching history or perhaps writing historical fiction, then if you and he are happy with the school and it is affordable, more power to you. However, if those or other possible career pursuits based on knowledge of History are not appealing or adequately rewarding, you may want to reconsider options as quickly as you can. Many states have excellent state universities that offer a variety of professional degrees that can be combined with a minor in intersting topics, like History. However, in keeping with the theme of a “financial bubble”, I would be extremely cautious about the prospects of repaying significant college loans based on pursuit of a “liberal arts” career.