Personally, I have never agreed with how educational institutions operate. You throw a bunch of hyper kids in a classroom at a young age, and punish them when they fail. Kids are taught, you get good grades, you'll get a good job, and you'll live a good life. That is fine if people want to follow that route, although if you looking to live an extra ordinary life, then please proceed to read.
This past week, I completed my last official university class. I couldn't be happier to exit a classroom setting, and attack the business world full time. Although, I am truly concerned for the majority of recent college graduates for two main reasons. 1) First, most students are finishing with massive amounts of debt ($1.45 trillion total student loan debt - per https://www.federalreserve.gov). This means college tuition has increased over 1,120% since 1978 (per Bloomberg). Now, that could be manageable if wages, especially entry level wages, would increase at the same rate. 2) The second concern is entry level salaries have nearly flat lined since the 1970s. Only increasing roughly 5% from 1960, adjusted for inflation (per National Association of Colleges and Employers).
Now the big problem is, how do recent graduates get themselves out of this deep dark hole? It will be impossible to solely rely on paid wages to survive. Because the goal is to thrive not survive. It is critical to capitalize on compound interest as early as possible. Compound interest is the only way to combat the ridiculous tuition increase. The greatest asset we have as recent graduates is time, and allowing our money to grow/work for us.
If you don't: start a profitable company, wisely invest, and/or find an additional income stream... then you risk falling below the middle class. New graduates are entering a job landscape never seen before. You cannot rely on a college degree to solve this problem.
"Formal education will make you a living. Self education will make you a fortune." Jim Rohn
So be a sponge, listen and absorb everything. Constantly put yourself in situations to learn from failure. Modern education institutions shuns failure, when it should be the opposite. Your time at college should be used to take massive risks, yet allow it to serve as a safety net. Do what you love, so you will never have to work a day in your life. Find an avenue for passion to meet opportunity, and go all in.