Unemployment affects college graduates the most, especially when they have taken on a lot of student loans. Expensive tuition and living expenses for at least three years mean that college students rack up a lot of debt by the time they graduate. Immediately after graduation, the students do not have the freedom to wait and choose for the right job or a job that they would like because it is either unavailable or because they have to start paying off their debts immediately. With the number of college students increasing and the economy not at its best, unemployment is like a spectre that awaits the college students once they graduate. The interest on their student loans keep increasing every year and the more number of years they remain unemployed the more the number of years it takes for them to repay the debt.
Apart from financial troubles, unemployment also affects college students psychologically. Campuses usually provide a safe environment where idealism has space. Whatever dreams and ideals the student hold dear in college is shattered when faced with reality of the outside world and lack of jobs affects their ego as well as their sense of self-worth. They are more likely to fall into depression over the lack of jobs. The pressure to succeed is also greater for them having spent so much money and time on an education. Unemployment in such cases is taken as a blow and a personal failure, rather than a sign of the times. Unemployment or underemployment also plays havoc with their personal lives as they are not ready to get married or raise a family when their future is uncertain (Life Delayed 2013). The number of men and women who have pushed childbearing to a later age has increased with increase in unemployment rates for college graduates.
Works Cited
Life Delayed: The Impact of Student Debt on the Daily Lives of Young Americans. Asa.org. 2013. Web. 3 Sept. 2016.
