A state of affairs where a recent college graduate comes to the realization that the job that he expected would pay for the school loans for his overpriced education does not, and possibly will not, exist. The academic equivalent of the guy who took a 400K mortgage for a one bedroom condo where you can see the water if you stick your head far enough out the bathroom window.
It's ramen noodles again tonight, honey. Sorry, education bubble.
by Rufus Toofus August 09, 2010