chet said:
A whole lot of stupid in this thread.
It's quite simple. There are too many college grads and not enough white collar jobs. The first half of this problem is in part caused by parents who want their kids to attend college and live the "American Dream". You can't fault the parents for wanting what they think is right for their kids but the issue is that college isn't right for ~35% of entrants. They end up high debt and no degree or a degree, high debt and no job openings commensurate for someone with their credentials. It's well documented that these people would be much better off at vocational school learning a trade instead of graduating with an expensive degree and having to accept a $10-12/hour job with no better job prospect in sight. I believe this is in large part how Occupy Wall Street was formed--from the frustration of 20-somethings who know in their hearts that they made a huge mistake and want someone to blame.
What would your honest response be if your daughter told you she didn't want to go to a university, but instead wanted to pursue a trade (beautician, carpenter, plumber, musician, artist, etc.)? Sure, I know your daughter is super-intelligent and goes to elite private schools, so there would be no reason to conclude that she'd be one of the college grads struggling to find a job (though I know quite a few ridiculously smart overachievers who are in that boat). But what if she just doesn't want to go, and instead wants to pursue a non-white collar occupation? Do you encourage her otherwise? Do you support her interests?