submitted by Ginny Grimsley, National Print Campaign Manager, News and Experts
Exorbitant student loans constitute just one reason why young people eager to experience the world may want to reconsider college, says Ed Basler, a veteran entrepreneur. There is now $1.2 trillion worth of college debt in the United States and the average borrower will graduate $26,600 in the red, according to The Institute for College Access and Success (TICAS) Project on Student Debt.
“None of this guarantees a job or even that a college grad will be job-ready,” says Basler, CEO of E.J. Basler Co. “After four weeks of business school I, the son of a businessman, had realized that the professor had no real-life experience running a business and that I wouldn’t learn the practical principles necessary to succeed. But I stuck with business school for two years until I dropped out, and I haven’t had any regrets 40 years later. Hands-on experience trumps a degree all the time.”