It doesn't help, you just can't get into massive student loan debt. There's many ways to get an education without going into debt, from military to scholarship to vo tech trade, and then slowly getting more education with assistance from employer. But student's get into problems when they incur massive debt.
My son went to a community college on a tennis scholarship, I had saved money thru a 529 college plan, but not enough to put him thru a private school. So he studied accounting and tennis helped him, his grades were high enough to get an academic ride. Then he transferred to a private university on a academic, tennis scholarship and then I kicked in the 529 college plan part of it, and when we were finished with the 4 years we incurred a debt of $1000, now I helped him with what I saved, but I couldn't if he went to the private school for 4 years, he would have incurred probably 30 thousand in debt.
We were fortunate with him, I'm the one that suggested accounting, he didn't do anything in high school to suggest accounting, I wasn't sure he would like it, and then he actually took to the field. This recent Hollywood college entrance scandal I don't understand how it was so necessary to get their children into USC. I didn't know USC was so hard to get into. I don't know why it is so important to get into some of these schools, I understand the prestige thing, but to massively cheat like that I don't understand.
By the way.............. my son was a pretty good tennis player, there was a reason they wanted him at this particular private school.