Some who can't find jobs may well be encouraged to consider entrepreneurial opportunities. Many recent college graduates now make a living as freelance workers in several different fields. Graduate school programs are also seeing a surge in new applicants since the economy began to sour in late 2001. Many students are using this as an incentive to stay in school, and that can be a good thing if graduate studies serve a purpose other than to avoid the unemployment blues. For many, though, paying for graduate education is a challenge. State universities are among those that will have fewer financial aid dollars than they did in the past.
Willie Gary, billionaire attorney who also owns cable network MBC, ends many of his speeches with the slogan, "Tough times don't last, tough people do." This is a powerful exhortation for graduating seniors, especially those African American seniors who may face higher hurdles than their White counterparts. The job market is sluggish and hiring is down, but the strong will survive with determination, focus and the creativity to develop their own opportunities.
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