Pressure on students to secure a job in the recession

Does graduating have a good and a bad time? The answer is yes for a student who starts looking for a job directly out of college (without any prior experience). If the student is overly reliant on her degree to find employment, then the answer is unquestionable yes. 2008 was undoubtedly one of the worst years for all new grads to graduate. In 2010, the Great Recession was just around the brink, and several industries had already begun to show signs of collapse. Fresh grads were compelled to take just about any job they could find because the majority of degrees were practically useless.

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Recession can have a profound impact on students. There is considerable pressure on fresh graduates to take up any employment, regardless of their hobbies, education, and objectives. They feel forced to pursue further education because they believe that having more advanced abilities will help them find employment and also because there doesn't seem to be anything else they can do. Due to competition for these funds, they struggle to find financial aid from graduate institutions, the state, and scholarships. Their families are unable to financially assist them since one or more family members are unemployed due to the recession, thus they end up taking out student loans.

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EFFECTS OF RECESSION ON STUDENTS:

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●????Loans' long-term effects:

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?Following the financial meltdown that began in 2008, one of these students, an automotive engineering bachelor's degree holder, enrolled in a for-profit college to advance his abilities and get a well-paying job. His tale is told in a financial portal article. He borrowed money for college when he was 22 years old, completed an advanced degree, and afterward found employment in the car sector. Yet he already knew a lot of the material taught, and he was unable to start the career of his choosing, thus the cost of college was just not worth it. He lives with his family and his loan is still due.

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●????Tuition increase:

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Another issue that students had to deal with during the Great Recession was that public universities had to raise tuition as a result of reductions in government help. As a result, students had to pay more for graduate school or higher education during a time of economic hardship and unemployment. Colleges removed several courses that they deemed to be "not job-oriented" at the same time, depriving students of choice and aspirations. Because of this, at least a few for-profit universities recruited students by promising them "sure-fire" programs that would land them jobs after graduation. They imposed higher fees than those at public universities. Students that fell for the trap had to make larger loan repayments and dealt with subpar academic outcomes.

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●????Smaller college endowments:

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The decline in endowments has an impact on student scholarships and other forms of financial aid, as well as the availability and standard of programs like research and liberal arts as well as student services.

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●????Higher education is not a guarantee:

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Following the Great Recession of 2010, a wave of unemployed recent graduates enrolled in college to advance their education and increase their prospects of landing better-paying jobs. Nonetheless, graduates from less-than-distinguished graduate programs judged their degrees to be essentially useless. Some students choose to postpone graduation to wait for the recession to end. They feel forced to finish college and enroll in graduate school, expecting to wait it out once more, but when they realize that the recession is not going away anytime soon, they feel they have no choice but to do so. However, despite having a higher degree and a strong skill set, many people struggle to find employment and are left with significant student loan debt.

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●????Fitness and job satisfaction

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An intriguing result of a study conducted in Europe was that men who graduated during a recession had better health in their later years. They were obliged to embrace better lifestyles, free from alcohol and tobacco usage when they were younger due to their terrible financial situation. Yet, some study suggests that women who graduated during a recession married and had children early, which not only kept them out of labor for longer but also decreased their odds of living longer. Despite the general sympathy for the unfortunate recession graduates, they do have one advantage: job satisfaction. For recession-era grads with heavy debt loads, it is one bright spot.

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TIPS TO SURVIVE A RECESSION:

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1.???Expand your horizons and stop waiting for the ideal opportunity to present itself.

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2.???Find a stepping stone - While you might not find your ideal job right away, you can find a step that could eventually lead to it.

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3.???You should take sound advice to approach your initial job hunt more strategically and actively. It's a fact that a lot of job seekers will need strong family ties or other advantages to get a foot in the door.

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4.???Instead of "doing nothing" after graduation, try to secure an internship or offer to work for free in the industry you're interested in.

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5.???Consult a career counselor- These should be visited by job searchers to learn more about themselves, future employers, and the industry as well as job openings.

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6.???Be innovative and think creatively.

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CONCLUSION:

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Job seekers, especially recent graduates, should continue to be versatile and resilient as the job market becomes a difficult place to survive. They must always have faith in their ability to contribute something worthwhile to the world. Recessions are temporary, but tough guys endure.

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REFERENCES:

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Chen, R. (2008). Financial aid and student dropout in higher education: A heterogeneous research approach. In J. C. Smart (Ed.), Higher education: Handbook of theory and research (pp. 209-239). New York: Springer.

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Clark, K. (September 10, 2010). The great recession's toll on higher education. U.S. News and World Report.