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The plight of college graduates is expected to get worse because Chinese universities are increasing their enrollments each year.
Crucially, only about one in four graduates is expected to have to repay the full amount – the Government stumps up for the rest.
These workers are also facing increasing competition as the number of college graduates is expected to jump to about 3 million in 2005 from roughly 2 million this year, according to Southern Breeze, a Guangzhou magazine.
The hiring of new college graduates is expected to fall 3.6percentt during the 2002-2003 school year, according to a survey by the National Association of Colleges and Employers, a research company in Bethlehem, Pa., that tracks employment of college graduates.
The program has seen a 90percentt retention rate so far, and the program's first class of graduates is expected at the end of this year.
Looking ahead to 2020, job growth of 18percentt for associate degree graduates is expected to outpace the 12.2percentt growth in jobs for high school or GED graduates and even the 16.5 percent growth for jobs requiring bachelor's degrees.
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Mechatronics engineering graduates are expected to design mechatronics products with higher performance and lower costs.
Graduates are expected to emerge from their MBAs with corporate dirt under their fingernails.
Law graduates are expected to arrive knowing more than just how to "think like a lawyer".
Ten years ago, university graduates were expected to pick a company and stick with it for life.
Now school leavers and even graduates are expected to have months of varied experiences to cut the mustard at interview.
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