The problem of student loan debt has been extensively reported, but there is an additional problem. There are more graduates in several fields than there are jobs available. I doubt that most young people entering college consider the marketability of the degree they are pursuing, but it would be wise to think about whether there will be a job available when you graduate. You will spend many tens of thousands of dollars to get your education, and one goal should be to be rewarded with a job that pays well.
The Colorado Office of Economic Development reports that there are more than enough graduates in the state to replace everyone currently employed in the fields of advertising, marketing and public relations. There are fifteen times as many students with a degree in physical science than there are open positions and thirteen more in life sciences. There are shortages of graduates to fill logistics and teaching jobs. There are too many graduates with management degrees while there are shortages of people trained in office and administrative support positions that don’t require four years of college. There are also sufficient positions for engineering and health care graduates.
We need to be encouraging high school graduates to think about going to trade schools instead of college. They would miss out on the college parties but would begin life with decent jobs and no college debt.