This story probably resonates with many twentysomethings who went to college but have not found a job:

I went to a law school advertising 99.9% employment at graduation or 6 mo. after.

After realizing that stat couldn’t be true, I went to the Dean’s office for clarification before my 3rd year of law school.

He said that 10% were enrolled in other grad school programs, 28% accepted $2,000 in assistance from the school, and were therefore considered, “employed.”

I asked how many of the remaining 61.99% were employed full time in the legal field, he said, “Oh, that, I don’t know.”

I owe $60,500 + interest and I have no job prospects. Where is the Education and Loan Commission to oversee and prevent fraud on the market by Higher Education?

I am in the 99%

There is an overwhelming number of colleges/universities that know at the top that jobs are not out there. That doesn’t mean they cut the number of students they can admit to the college or university. If that were done, the “business” or operations of the college/university would have to be reduced.

Instructors at orientation know when hundreds if not thousands of students show up that only a handful will make it. They don’t ever really admit there are not jobs for all the people being trained.

A student might think whether they did well or not in school will determine whether they get a job or begin their career after school. But one can spend weeks if not months looking for something that will bring stability post-graduation. In fact, there may only be gigs for pay in the first year. There is absolutely no guarantee that anything is out there immediately and, for students with student loan debt that basically amounts to a mortgage, this can be enough to make ambitious young people with aspirations forsake them for a job at some low-paying service industry job.