Thursday, August 13, 2009

Impact of Recession on Students


What has the current recession done to students?


  • Left them jobless over the summer, which translates to less pocket money to spend


  • Increased the burden on students and their families.


  • More work during the college session to make up for summer income foregone


  • Increased competition for on-campus jobs


  • More work and increased stress will lead to lower performance


  • Deprived them of internship positions and among the few internship positions that have not been cancelled in light of recession, they have been transformed to unpaid ones


  • Affected their college choices. Many of them can not attend their dream colleges and opt for a less expensive one because their parents can not afford due to reduced financial aid or loss of job


The recession has hit the students really hard. Statistics are available to tell the story that this summer, teen unemployment was the highest in several decades. Hope the situation gets better.


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