Side story: We had an opening for an analyst position last year and originally we were looking for someone with 5-7 years of experience and the starting salary range was $65-75k/yr. The applicants totally friggin blew chunks. I lobbied hard to instead hire an entry level college graduate and pay them $40k, so long as I was allowed to administer my own aptitude test. Long story short, I ended up hiring (gasp!) a minority woman from a state school and here we are 15 months later and she's a rising star in the company.
You're welcome.
Depends on the business, but my dad will take an enthusiastic, literate, kid with a criminal record over a graduate on occasion. He's done that several times - in fact, he proactively looks to take on those kids now.... because he finds that most of them are pretty damned hard working. As part of their benefits, they get the opportunity to further their formal education. Seems to work well.