Is college worth the money?

My wife just graduated college and got a job. She is about to start her masters in the fall. She got her degree in psychology and is going to masters in ABA. I am not going to go into details about her degree, masters or job. I am just going to give you some numbers. After graduating with national honors her job is paying her $14 per hour. Her debt so far is $64K dollars. Seems excessive amount of debt for a $14 an hour job. We have outstanding student loan debt near 1 trillion dollars. This is a broken system. In my opinion a system of paid apprenticeship would be a much better system. We need the education system flipped on its head or completely bypassed after highschool. I hate taxes but I think it would be less expensive for the government to offer businesses tax breaks for hiring and training in specific fields or for the gonverment to contribute some of the salary to on the job training for a predetermined amount of time. The student loan bubble is going to be a much bigger problem.