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Well over the next month.
Nearly two million college students will graduate and they'll start to find out what their diploma is really worked with soaring tuition resulting in skyrocketing debt.
Many grads are in for a big shock.
Lawrence of an Eddy joins us now from Fox Business Network with more -- good morning good morning a big shock that they might be waiting tables and babysitting and doing.
I jobs just to make ends meet that's what we call the under employment rate it's eighteen point 3% for recent college grads average stet.
Dollars and a third of recent grads.
Will make less than 25000.
Dollars that's got to be awfully upsetting when you just went to a school and graduated have a diploma.
And you cannot use it so we caught up with a couple of students on NYU's campus and this is what they had -- -- that.
I graduated in May of two -- twelve I got a BA and from time communication and -- organ movie theater concessions.
I help out with the events.
Britons think it's it's not the dot I expected it took awhile to find this out too so is all very surprising.
You are a piece your scene there yeah that -- -- you're paying to get your degree in.
You're gonna have to do something they don't even need a degree yeah.
I started mentally preparing myself for being -- for about ten years and deleted.
But I do feel like I'll be able to do something related to poetry the children must learn about -- after all and somebody can teach them.
From Russia the return none of -- -- political it is worth -- of.
-- eighteen and -- It's it's difficult thinking about you know all the loans that are under my name right now so when you graduate -- instead of them being.
Probably closest -- 2000.
Alex I know and the Department of Education says nearly thirteen and a half percent of graduates will default on their loans.
Within three years of leaving college is added that the cost of college now has gone way up way beyond the rate of inflation and -- you know I won't be surprised if we start to see tuition coming down a little bit because they're not going to be able to fill the seats yeah.
People are reevaluating whether cost yeah Lawrence and any fox does network thank you thank gift.
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