New research suggests, once again, that many parents across the country are not getting their money's worth when it comes to sending their kids to college.
When Professors Richard Arum from New York University and Josipa Roksa from the University of Virginia surveyed the Class of 2009, they found some distressing results.
Take a look at these numbers from the class of ‘09:
- 71% were still receiving financial help from their parents, two years after graduating.
- 24% were living back home.
- 23% were unemployed or underemployed.
- Only 47% of grads in the labor market had full-time jobs paying $40,000 or more a year.
If there isn’t a clear goal in mind when sending children to college, why are families spending $20,000+ per year? This is setting up the “family corporation” to fail. Why go to college for 4+ years just to graduate and work the same job they did during their summers in high school?
The reality is that many students are embarking on their college journeys without doing the proper planning. Students are applying to schools somewhat aimlessly, not knowing which ones are truly the right fit for their career goals.
These are just some of the reasons why we at Ensphere put an emphasis on career identification and college choice. The right kind of planning can go a long way toward setting up your student for success after graduation. Take the time to find the career path that best fits your student's skills, interests, and goals, and let us help you make the right college decision for your family. It could make the difference of your student becoming one of the statistics shown above.
Students with a clear understanding of what their future plans entail and where they are headed are in the 47%. Our evaluations and assessments make this happen.
Remember, college is not simply a four-year choice; it's a forty-year choice.
Chris Horan, College Planning Specialist
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