I would say that degrees that no one is willing to pay you for, cost 6 figures, and that you do not end up using in any capacity for the rest of your life is not a valuable degree.
What you value may be different than what I value and that is fine. I suppose the litmus test would be to ask "Would you get your same degree again?" I know many people who would say "NO. WAY."
I also hate the student loan/university system with its massively inflated loans, adjunct teacher abuse, high administrative pay, and boondoggle stadium projects.
I also think a lot of these degree programs are highly exploitative, and a lot of my peers were fleeced by these fun degrees. Universities chewed them up and spit them out, it is disgusting.
I honestly love education and would go back in a heartbeat if I could afford it.
Surfinn this addresses your question as well.