The availability of student loans has changed our financial and employment landscape.
While attending college used to be something just a few did, “We now send 70 percent of high-school graduates to college, up from 40 percent in 1970,”according to Marty Nemko, a career counselor based in Oakland California (The Chronicle of Higher Education).
While 70 percent of high school graduates attend college, the number of students who graduate with a degree is smaller. Even when a student does obtain an undergraduate degree, a job is not guaranteed.
“Among the members of the class of 2010, just 56% had held at least one job” (The New York Times) by the spring of 2011.
Check out the rest of this highly readable and well-documented response. (Please note that I still highly affirm college for those who belong there. Moreover, I would help them Thrive at College!)