^^
I think some go to grad school or law school to delay the inevitable when jobs are scarce…plus it delays their student loans. Obviously this is risky since more debt is being taken on, but I guess the thinking (hoping) is that by the time they graduate, jobs will become more available and they’ll be able to pay off the bigger debt?
I remember when my older brother was graduating in the late 70s and there were few eng’g jobs. He luckily was able to turn an internship into a job, but many of his peers weren’t so lucky. High tech job demands started in the early 80s…when suddenly companies were hiring any warm body they could.