This paper views overschooling as conditions whereby people occupy job positions which are not optimal for their qualifications. The theoretical backings for the paper are the Human Capital, the equity and the two-factor theories of motivation and job satisfaction. Antecedents to overschooling which are mentioned include educational emphasis, the social norm and employment policy of government. Six categories of overschoolers are highlighted. Merits and demerits of overschooling and implications are proferred. The intervention strategies are suggested in eight points. The conclusion is made that stopping overschooling would reduce poverty and increase the national income leading to faster national development.