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Wednesday, May 09, 2012

Why Employers are Telling Many New College Graduates they are “Not Welcome”

Just as the Federal Reserve’s printing of large sums of money has devalued the dollar, so too has the increase in printing and distribution of diplomas from degree-granting institutions devalued the worth of a college degree. 

We have nearly 4,500 degree-granting institutions; approximately 2,700 4-year colleges, and 1,700 2-year colleges (primarily community colleges).  This equates to roughly 100 degree-granting institutions in each of the 50-states.

But we also have approximately 2,000 non-degree granting institutions, better known as vocational or trade schools.  These institutions provide job-specific training leading to certificates and career diplomas in specialized fields.   Some popular vocational trades include medical assistant, dental assistant, auto repair technician, and cosmetology.  The biggest advantage that these programs have is that some can be completed in as little as six months, and the costs associated with attending these programs dwarf in comparison to that of the costs of obtaining a college education.

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