Exposing the student-loan trap
There is an old adage that asserts “it’s not what you know, it’s who you know,” meaning that personal connections can often be more important than one’s actual skills and abilities. It’s a cynical maxim, albeit one with some truth to it. In today’s labor market, however, having the right skill set is more important than ever for anyone who wants to succeed.
We are constantly reminded of the importance of education, and of college degrees in particular, for young people. President Obama, earlier this year, came right out and said that “college has never been more important.” What students are not told, though, is that not all college degrees are created equal, and not all educations guarantee equality of opportunity upon entering the real world of work.