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Higher Ed in the News

Economic hardships a reality check for students and recent grads

July 7, 2009

School's out for summer '09, and instead of getting a jump on the boundless futures always promised them, students this year are receiving a reality check.

The well-paying summer jobs that in previous years seemed like a birthright have grown scarce, and pre-professional internships are disappearing as companies cut back across the board. Recession-strapped parents don’t always have the means or will to bankroll starter apartments or summers abroad.

So many college students and recent graduates are heading to where they least expected: back home.  Many are facing unfamiliar downtime -- maybe too much of it.

To a high-achieving generation whose schedules were once crammed with extracurricular activities meant to propel them into college, it feels like an empty summer, and it's a bit scary.

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Read more from the New York Times.