NEW YORK ( TheStreet) -- Are U.S. colleges and universities doing a lousy job preparing graduates for the real world? Maybe so. An eye-opening University of Phoenix study says that only 35% of college graduates believe what they learned in college is applicable to their current jobs. That means about two-thirds of college grads have presumably spent tens of thousands of dollars (or more) on college training that's doing them little good. Recent grads already face an uphill climb in the working world -- 36% of this year's crop are expected to work in professions that don't require a degree. But to realize that maybe, just maybe, you were poorly trained to handle the job you paid a college to train you for -- that's tough to take. student debt, that should be on the mind of every academic in America.