Somebody Owes Me A Job
link BC Law student asks for money back – BostonHerald.com.
You knew this was going to happen. In April of this year, an AsIF article forecast just such an event. http://asiftimes.com/2010/04/12/refund-on-kids/ Given the protracted decline in economic activity, many college grads encounter a pretty tough job market upon graduation. This guy at least is putting his almost completed law training to good use. What if this is the thin edge of an enormous wedge? If colleges are charging upwards of $25,000 to $40,000 per year for tuition to receive a ‘valuable’ education, you can bet people will be annoyed when the degree counts for little in the real world.
As for why college tuitions cost that much is another topic, but let’s just say that guarantees of student loans by the quasi government funding agency known as Sallie Mae enabled many kids to receive loans for school. The unintended consequence of this was that schools, knowing full well that tuitions were government guaranteed, simply raised their tuition levels. In no small way, this contributed to college costs of over $100,000 for a simple 4 year degree in some obtuse diploma program. People shouldn’t be shocked that a degree in art history or African studies really doesn’t sell well in the real world’s job market. Well it looks like collectively, these unemployed college grads will be participating soon in that most American of economic activity…the class action lawsuit.