In a story that aired June 24, 2009, ABC News explored how the recession is affecting this summer's college graduates. "Job opportunities are scarce," reports ABC News. "When these graduates do secure employment, the recession will likely depress their earning power. Still, financial aid experts insist student loans are a good investment.

"If historical trends hold true, even through this recession, students are going to be far better off getting a college education, said Justin Draeger, NASFAA Vice President of Vice President of Public Policy, Advocacy, and Research." That's because over a 40 year career, college grads earn 61 percent more than their peers.

For more on this story, watch the video Graduating Without a Job.

Posted 06/30/09 to www.NASFAA.org. Redistribution to non-NASFAA institutions is prohibited. Please submit Web site questions or comments to Web@NASFAA.org.