You should try giving them some perspective. Our country experienced a golden age coming out of the depression, for example.
We are returning, slowly, as a nation to a place where education, diligence, integrity, hard work and thrift are respected values.
If they pick a profession, work hard at it and have realistic (and modest) expectations, they will do well.
So the days of free money are over. Good riddance. So it will be painful while this all shakes out, tell them to persevere, stay in school and study and work hard. Be frugal. They will be rewarded in the long run.
I don’t think its the current students that are going to be hit the hardest. I think its the Gen’X’ers who have drifted from bubble to bubble, living high on the hog that are going to get slammed the worst when the credit faucet is shut off. Those that have never known hard times.
