Study says many highly talented low-income students never apply to top colleges

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For my generation, the outlook is poor even if you attend one of the top universities in the country and study an “employable” field. About half of my friends who studied EECS at Stanford and MIT are employed. Half of my friends who went to Harvard are employed. Who knows what liberal arts major do. (Not that they had jobs before the economy crashed anyway.) Their parents’ money may have been better invested by providing capital for a start-up or starting some other business instead of attending college. While they are overqualified for many desk jobs and retail, they are under-qualified for other jobs because they lack work experience. These employers are only hiring Boomers who may have a worse pedigree but more work experience. Fortunately, they are wealthy and have a backup (their parents). Those who went to medical school have jobs, along with 300k+ in student loans and are living worse than they did in college.

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<p>Moral of the story is - for my generation, even if you follow the “right” path there is a decent chance that you will fail. The best choice for my generation is to take the unconventional path - forge your own future. Take a risk and start your own company. Education isn’t necessarily the best solution since it’s over-priced and the expected value is declining annually. If my friends, who are in the top 0.0001% in intelligence and graduated from the best colleges in the country, some with “employable” degrees like engineering, can’t find good jobs, what makes you think your child will just because they go to college?</p>