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act that he is one of the world’s most learned men. So I must say no one should ever equate a diploma with knowledge, because a diploma is nothing but a proof of a shortterm study while genuine knowledge needs one’s lifelong devotion. 。 Effects of Financial Crisis on College Students Since the financial crisis swept the world, the global economy has sunk into a severe recession. It’s hard to get through a day without hearing or reading news about the devastating effects of the crisis: A world of panies go bankrupt, millions of employees are laid off, highreturn investment bubbles burst, and huge sums of loans can never be retrieved. Its impact on our daily life can be felt in all walks of life. College students inevitably fall victim to this pervasive slump as well. On top of that, internships and job vacancies