This is very true. Even for CS majors the bar has been raised from "If you have a Bachelor's we'll hire you" (about 3-5 years ago) to "If you have a bachelor's and an awesome internship we'll consider hiring you but it'd be better if you had a Master's". I graduated just in time, but looking down the road a couple years at all these people majoring in CS, it's gonna be a tough road for them if they can't get into grad school or if they aren't really gung-ho about getting internships while in school. Just having the degree doesn't cut it anymore. This will of course benefit colleges more than anyone, because they'll be (and already are) absolutely rolling in all of the federal grant/loan money from people desperate to break into the industry.
The sad truth is that college right now is way too accessible in the sense that the government will largely subsidize you if you're poor, but in doing so they actually devalue the degree you'll be getting not just for you but for everyone else pursuing the same degree. Without that accessibility more people would look into trade schools and pursue more realistic goals and not bankrupt themselves for degrees that aren't going to get them anywhere in life.
Hold on, what?! I know you and I are as far apart on the political spectrum as any 2 people can be but you can't possibly believe this, can you?
Let me present a hypothetical scenario that specifically removes some of the biased connotations about being poor that some people have:
You're a white person born in a semi-rural area in a trailer park. Your father passed away while working, in a construction accident; your mother can't work because of cancer, the natural kind, not from smoking. As a teenager you had to go to school and work 2 jobs to support your family, you're very smart but your obligations kept you from being a stellar student so you only graduate with a 3.3 gpa. Because you're white and only have decent grades and don't have time to play a sport, nobody is going out of their way to give you a scholarship. You're poor not of your making, not because your parents were lazy welfare queens, not because they made bad decisions, not because they shouldn't have had a kid if they couldn't afford it. None of the scenarios where you libertarians say people deserve the shit they get and the government shouldn't help.
This person should give up whatever dreams they had and just be a plumber or an electrician? This person who may be smart enough to cure cancer, or design a rocket that can get us to Mars in 2 weeks should just be a welder?