Imagine the joy of completing high school, getting a place in University or College and getting approval for a government loan to start paving a way to greater heights. The only downside is that the loan does not cover the cost of text books and the student has to pay rent, buy food, clothes and all other personal needs, hence they have no option but to find a part time job while studying.
The effects of this are; long nights of doing shift work, doing homework and attending classes. The burden becomes even more for mature immigrant students who have dependents back home to take care of. Even though most mature immigrants have work experience and education from elsewhere, these are not always accepted, especially in the West. The latter contributes highly to stress and depression among most immigrants, and the development of diabetes mellitus cannot be ruled out among these groups.
Having struggled through work and school, and finally obtaining that sought after degree, the new graduate now has to join the labour market and the thousands of job hunters, and guess what, one only gets a six-month leeway before you are expected to start paying back the student loan.
Every year, for example in Canada, there are more than 100 000 students graduating, and probably Twenty percent of these get jobs in their field of study and the rest end up in MacJobs. The government is struggling to recover student loans but the most important and immediate thing that it should focus on is providing jobs for these new graduates, then it will be practical to recover student loans. This can be achieved through attracting investors who will create jobs. This will not only mean a return on investment for the government, the corporations but to the students too. The rate of unemployment among graduates is discouraging young people and mature immigrants from pursuing post-secondary education as they see no benefits at the end of the road, so the government needs to critically analyze what these people will end up doing instead of going to school.
The world is now becoming full of unemployed graduates who could be directing their knowledge elsewhere; whether it is for the good or bad for mankind is a question that governments really need to take a closer look. The government needs to revise the acceptance of educational credentials from elsewhere and work experience. There has to be policies in place or incentives for companies to hire mature students and consider their work experience from outside of Canada. Mature new graduates and experienced workers will contribute a rich mix of ideas to any workplace.
Reducing stress and depression among its population will save any government lots of money in the health sector.
Food for thought……..