The people who are going to have the biggest problem are college graduates who aren’t rocket scientists, if you will, not at the top of their class. Compare a plumber to going to Harvard College – being a plumber, actually for the average person, probably would be a better deal. Four years spending $40,000, $50,000 in tuition without earning income.
NYC Mayor gave this advice to students on his radio show: if you’re not that great at academia, skip it and learn a vocation. He may have a point, but it’s a little hard to take seriously. He’s a billionaire. There is such a financial disconnect between him and the average student struggling how to figure out how to afford college and make a living without being bankrupted by loans.
Take it for what it's forth and with a grain of Mike!