Even though tuition fees are at record highs, and total student debt is $1 trillion, I read the other day 53 percent of college grads under the age of 25 either have no job, are waiting tables, manning receptionist desks, or folding sweaters at the mall. Folks this is a huge problem & something I see as the next bubble to burst. How can it be expected that our youth, our children, continue to be exploited by higher education with no guarantee of a decent rate of return? Why is it costing so much to educate them? It used to be that a college degree would be a stepping stone for a decent career. Now, it guarantees nothing but debt, not only for the students, but also their parents. You see, it has become increasingly difficult for the students to secure funding / loans to attend their schools thus forcing parents to mortgage their future to provide their children with the ever shrinking chance to succeed. Poor students who study the Liberal Arts, as these studies, while they may be interesting, are all but useless in today’s market. It’s to the point we must begin to steer our children into studies geared more toward securing jobs. Even better still, those with young children it would benefit all if from an early age, you stress the importance of education, guiding them into practical careers. It now also makes sense, and I can’t believe I am about to write this, once we notice a child is not “college material”, has little interest in school or struggles mightily with their grades, to consider other options & trades. I have come to know numerous, highly successful people who never went to college, but have etched out a pretty good life & sometimes a quite equitable one, mastering their trade. Let’s face it, we all need plumbers, electricians, mechanics & barbers! I have also known several individuals who are self educated, who with a strong work ethic & a good idea, have forged a pretty profitable business. This is not to say college is not important, it is, but it is not for everybody. How many students do we know, barely make it through college, or go for a year or two before dropping out, leaving a mound of debt in their wake? I know several recent law school grads who can not find work, while those that do, barely make enough in the beginning to pay their bills, which causes a negative financial snowball effect. How can the educational system continue to charge these rising exorbitant fees, while the banks charge interest, with no jobs for the students that will allow them the opportunity to pay it back, before the bubble bursts? It’s already starting to crack folks. Occupy Wall Street protesters being a perfect example of a disenchanted group. Sooner or later, no one will be able to repay these loans & another catastrophic financial crisis will occur. I tell the youth who care to listen, that if they pursue a college education, immerse themselves in it, network, join clubs & groups. Maximize their chances of success by learning all they can about their chosen interest, become experts. Networking can help make contacts that in turn can help land jobs. As the old adage says, sometimes it’s not what you know but who.
There are no insignificant or ordinary jobs when they are performed by significant or extraordinary people.
– Mark Sanborn, Speaker