Economic Burdens Mount For New Grads

CBS News reports:

School's out, surf's up, summer beckons. Time for college students to see if they can stay afloat in the worst economy their generation has known.

Young people are carrying a load heavier than they normally bear as they scatter from campuses, judging from an AP-mtvU poll that finds students anxious about their finances, job prospects after graduation and the pressures facing their folks back home.

Josh Donahue, 23, an Oregon State University economics graduate, is living on food stamps. First in his family with a university degree, he stays with relatives and scrapes even for a menial job instead of the bank gig he'd dreamed about.

"A degree in economics," he said, "doesn't really prepare you to understand the economy very well."

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