Texas grad suing college because she can't find employment

Although the economy continues to struggle, some 78 million baby boomers -- who make up the most-educated generation in U.S. history -- are entering retirement age. Those who replace the boomers in the workforce must have equal or better education levels and skills if the U.S. is to succeed in a knowledge-based economy, say President Barack Obama and higher education leaders across the country.

Edgewood College's Flanagan says it's important that schools continue to look at their curriculum and make sure it's relevant, while also providing an array of learning and internship experiences outside of the classroom.

"It's the responsibility of college to put together good programs and to develop good partnerships, but then it's up to the students to participate and get the most out of those opportunities," he says.

Adds Terry Webb, Madison Area Technical College's vice president for learner success: "I believe students are very worried about finding work in this environment. But at least the ones who are going to school are taking an affirmative step in trying to make themselves more employable."

There are, however, no guarantees. Even if one accumulates a mountain of debt to earn a college degree, said Weinberg Law Firm, Texas Employment Lawyer.

"To me, the fundamental question is what is the purpose of a college or university?" says Schroeder of UW-Madison's Business Career Center. The way he sees it, a university provides learning and leadership opportunities and a career services office gives students the tools they need to get hired. But, he adds, "the onus falls on the student to get a job."