Student Loan Debt Is Hindering Graduates From Succession In Their Profession

Student Loan Debt Is Hindering Graduates From Succession In Their Profession
By Edward Robinson
 

It's The EdRoboTech.com Podcast Series, called "Ed Is Better With Tech", for
Friday, March 16th, 2018.

I'm Edward Robinson!

An increasing number of Student Loan Debtors, many who are graduates who hold
Associate's Degree, Bachelor's Degree, or Graduate Degree, are not finding the
promised career employment in their field of study.

Because of this they are left to accept lesser paying, lesser quality
employment, that is often outside their careers.

Let's face it... The longer a person works outside their careers, the less
money they can earn, and the greater likelihood that they will never work in
their field of study and field of choice.

Why?

Because employers search for a work history that agrees with the:

certifications
degree programs
degrees

that the candidate studied.

It seems to come up as a red flag when the person has little to no experience in a
new field, even with the degree.

Less money from work, and maturing student loans means the increased
possibility of bad credit.

Also:

More bills from education debt
Higher education related fees
Higher interest rates
Capitalization of debt even while on forebearance, deferment, etc.
Higher Debt to Income Ratio

Higher Debt to Income Ratio--- Is easy to explain when you realize how these
student loan debts increase because of interest, fees, and capitalization of
borrowed money.

The debt spirals out of control, often while the student/graduate is applying
for that career job. Taking jobs outside their field makes the student/graduate
waste time and potential income, by settling into jobs that don't correlate with their chosen field.
Employers and Recruiters share much of the blame, when they resist non-
traditional hires.
Meaning, hiring a candidate who is, for example, African-
American male, for a position that is typically filled by a White Male.

Non-traditional hiring is the natural process when more people go to college,
and study for careers in non-traditional, or emerging fields.

For example, with STEM Education, we are training our employable population for fields that never
existed before. Since no one ever held some of these new jobs, who is to say
who would be the ideal candidate, and what they would look like?

Women are capable of filling STEM roles as well. Why would employers want to
resist hiring a capable candidate for a Science/Technology role, simply because
of gender?
Students attend college under the premise that when they come out, they will
find and fill better career-quality positions.

These students have made the committment to:

Attend school
Borrow money in the form of Guaranteed Student Loans
Attend Class
Completed coursework with a favorable grade

Now they want the job opportunities promised them at the outset. Any less would seem to
be false advertising.

There should be a path toward achieving the "yes", that allows that student whopassed his/her classes to get the "dream job" without the typical excuses thatare given.
This will also build our economy, filling those jobs in STEM-relateddisciplines that reportedly go unfilled, because of the lack of qualifiedcandidates. (Robinson, 2018)

 
Working outside of one's field of endeavor, is a disappointment.
 

Let's find a way to hire the qualified candidates with a college degree,but few experiences
in the workplace. That is leadership. If more employers demonstrated greater
leadership in terms of hiring non-traditional hires, for example African-
Americans and Women, there would be less of a need to talk about Student Loan
Debt Forgiveness, because many more graduates would be working in their fields,
contributing to commerce, contributing culturally, and paying taxes, as well as
achieving while contributing to their chosen career.