There is a serious problem in our education system, and it is not getting better. Government funding cuts to education are growing, causing colleges to cut entire programs, increasing student loan debt, threatening grants that enable lower income students to obtain a higher education, and perhaps lowering our global competitiveness.
At the same time, college graduates are having a harder time than ever finding jobs. As the cost of education increases, its economic value is declining. Graduates are saddled with impossible debt while working in low wage jobs or not at all. At the same time, workers who are only qualified for these entry jobs, are being shut out by the influx of college graduates.
I don’t propose an easy fix to this situation, but I do want to draw attention to it. The next profile or two that will be posted here will highlight individuals who have been impacted by the problem.
Links to recent press coverage of the topic are below. As always, I encourage your comments and insights here.
- The Atlantic: 53% of Recent College Grads Are Jobless or Underemployed (April 23, 2012)
- Associated Press/Cleveland.com: Half of Recent College Grads Underemployed or Jobless, Analysis Says (April 23, 2012)
- Huffington Post: The Ones We’ve Lost: The Student Loan Debt Suicides (July 2, 2012)
- New York Times: California Cuts Threaten the Status of Universities (June 1, 2012)
- Wall Street Journal: Universities Feel the Heat Amid Cuts (June 14, 2012)
- Huffington Post: Education Budget Cuts from Sequestration Could Be Devastating, Duncan Says (July 25, 2012)