If we could turn the page, start afresh and work together; commit ourselves to financial and enterprise education across the curriculum at all stages and do whatever it takes to really engage young people, perhaps will we see a new generation free from this crippling fear of debt and unemployment. Surely we have to try?
Whatever people do make of nanodegrees, I'm pleased to note that very few are using 'online distance learning' itself as a criticism of the concept. I believe this is a reflection of increasing mainstream acceptance of this study mechanism but also an acknowledgement of the changing face of online students.
Students find the money for university from a number of different sources. The 'bank of Mum and Dad' is still the most popular way of financing higher education, along with loans and grants, but 11% of undergraduates rely on credit cards and a worrying 2% on payday loans. This would imply over 250,000 students and 46,000 students in the UK respectively.
When I signed up to be a Games Maker last summer, I wasn't thinking beyond the amazing opportunity to be part of the 2012 London Olympic Games. The experience has been so much more to me than a summer of great memories - it's given me the chance to earn a nationally recognised qualification, boost my employability and get back on the career ladder.
Sir David Bell, vice-chancellor of the University of Reading, recently smacked down the employability demands. In a riposte he said that it was vital that academics resisted such pressure in order to protect traditional courses; adding that the demands risk undermining the intellectual integrity of degrees.