“Let’s start an entrepreneurship program!”
Entrepreneurship is the latest buzzword in higher education, and it’s attracting big donors and lots of press. But there’s a part of the story that isn’t getting enough buzz: according to a report by the Small Business Administration, millennials are on track to be the least entrepreneurial generation in history.
The biggest reason they aren’t starting those startups? Financial insecurity. With more alumni shouldering more debt, it’s too risky to take the leap. Higher ed’s new entrepreneurship programs have the same problem that millennials face in every other aspect of their lives. Financial insecurity prevents millennials from doing everything from giving back to their alma maters to buying houses and getting married.