SAVANNAH, Georgia (CNN) -- What does it really take to dress someone as fashion-forward and in the spotlight as Michelle Obama? 

Designer Yigal Azrouël talks with students at the Savannah College of Art and Design. 

"Bravery," says Isabel Toledo, designer of the first lady's attention-grabbing lemongrass yellow wool and lace ensemble that she wore for the inauguration of her husband President Obama. 

But along with bravery about their fashion sense, new graduates at the Savannah College of Art and Design (SCAD) will need courage in the face of the current recession. 

"Fashion is being hit particularly hard in the new job market. Fashion as a whole is feeling a greater level of lost revenues and in turn has lost opportunities for sustaining volume and even more so for growth," said Marshal Cohen, chief analyst and expert fashion analyst for the NPD market research group. 

"The ironic thing is that new ideas and creations are just what the industry needs but is too cautious to react to it," he added. 

Full of new ideas, student designers say they are aware of the challenges as they head out into the work force, but they're optimistic they can make it in these tough times. 

"After I graduate, I'm going to New York, I have an internship lined up with a trend forecasting company, Promostyl," said Shelby Simon whose designs made it into SCAD's annual fashion show. See the runway fashions » 

"Everyone needs an assistant so hopefully I'll be able to find something pretty easily," said Caitlin Clarke. She would like to land an internship in New York and has interviewed with New York & Co. and applied for positions at Oscar de la Renta, Calvin Klein and Zac Posen. 
What college's graduates is this article about?
What color outfit did Michelle Obama wear?
What materials was it composed of?
Where did she wear it?
Whose?
Are there lots of jobs available in fashion?
What is Marshal Cohen's job?
For which organization?
Do student designers have innovation?
What job does Caitlin Clarke want?
Where?
How many companies does she mention?
Where did she have an interview?
Are the students hopeful or not hopeful about their future?
Who has a job with Promostyl?
Will she quit school for it?
Where was her work displayed?
How many times a year is that held?
Where will Simon be going?
What does Promostyl do?
Savannah College of Art and Design
Savannah College of Art and Design 
Lemongrass yellow.
first lady's attention-grabbing lemongrass yellow wool and lace ensemble that she wore for the inauguration
Wool and lace.
 wool and lace ensemble that she wore 
The inauguration .
 wool and lace ensemble that she wore for the inauguration 
Her husband's.
the inauguration of her husband President Obama. 
No.
Fashion is being hit particularly hard in the new job market. 
Chief analyst and expert fashion analyst.
Marshal Cohen, chief analyst and expert fashion analyst for the NPD market research group
NPD market research group.
chief analyst and expert fashion analyst for the NPD market research group. 
Yes
But along with bravery about their fashion sense, new graduates at the Savannah College of Art and Design (SCAD) will need courage
An internship.
Caitlin Clarke. She would like to land an internship in New York 
New York
internship in New York
Four.
New York & Co. and applied for positions at Oscar de la Renta, Calvin Klein and Zac Posen.
New York & Co.
and has interviewed with New York & Co
Hopeful.
 but they're optimistic they can make it in 
Shelby Simon
 said Shelby Simon
No.
After I graduate, I'm going to New York, 
SCAD's annual fashion show. .
Shelby Simon whose designs made it into SCAD's annual fashion show. 
Once.
CAD's annual fashion show. 
New York,
After I graduate, I'm going to New York,
Trend forecasting.
a trend forecasting company, 