Not surprising. There are a glut of college students with degrees, but no jobs to put them at.
I'll throw my hat in concerning the issue of paying for college education via taxation:
The issue with this is that not all jobs need college education. Yes, many of the good ones do, but not all do. Therefore, if you provide everyone with a free college education, many of them will not use it due to lower-skilled jobs that are filled via trade school or no college education at all. In such instances, it would be unfair to both the tax payer subsidizing useless education, and the person that doesn't need the college education.
College is optional, not mandatory. The best way to deal with it is to promote scholarships and philanthropy that can ensure that those with the desire to go to college will have apt funding for it. Unfortunately, in America, every youth has the notion that college is a must to succeed, which is absolutely false. Yes, many good careers need it, but I've met and know tons of kids that went t college and don't work in their initial field of study because they either stopped caring or simply couldn't find a job where they wanted to work.
Going further, the entire structure of college education is a sham, IMO. We need to go back to on the job training, and apprenticeships more than what we do now. We throw kids into education with no promise of a job, or inclination that they'll stay in that field. Rather, companies should work to hire bottom-level interns, see if they have merit (good work ethic, smart, willing to work, ect), then pay their way through school. There are companies that do this, and I applaud them for it.