Oddly enough, this point was not accented, and it is important. There is a large oversupply of college graduates today.
When I got my bachelor's degree in 1966, receiving a degree was somewhat prestigious since only 6.5 percent of the U.S. population held one. Today, it's 30.4 percent, which is quite a jump. (To understand why, look up the Supreme Court 1971 decision Griggs v. Duke Power and consider its implications from the viewpoint of employers.)
In 1966 I walked right from graduation into the job of my choice and that was not unusual. Quite a difference an oversupply of college graduates can make.
Older graduates can’t find work either - my wife went back to school ad got her early childhood ed degree in December but cannot find a job.