HIGHER EDUCATION BUBBLE UPDATE: EVALUATING COLLEGES BASED ON DEBT PER DEGREE ISSUED. I did a panel on the future of legal education at the SEALS conference last week, and Rick Matasar proposed a ranking system that would be more useful to students than the U.S. News rankings: One based on how much you’d owe, and how likely you were to get a job that would let you pay off the debt. This is a step in that direction, it seems.