PLease enjoy this guest post from Chelsea from Mama Fish Saves.
My son hadn’t even been born when a family member first asked if they could contribute to his college fund as a gift. We hadn’t even finished building his crib. While the gesture was sweet, what struck my husband and I most was the absolute assumption that this unborn baby would grow up to go to college. And that we would pay for it.
I believe we have seen a structural shift in how higher education is viewed. The average graduate now faces tens of thousands of dollars of student loans and a lackluster job market. College graduates are working the desk at car rentals, bartending, and other menial jobs and the burden of loans keep them living at their parents’ longer. Our generation can’t possibly view college as the golden ticket for job security and financial success that our parents did.
Personally, my husband and I had very different college experiences. He bounced around between three majors, had no idea what he wanted to do after he graduated, and doesn’t believe college offered him a positive ROI. I knew I wanted to be in finance from a young age, hustled and graduated with 2 majors in 3 years, and started my career right away. These experiences drive our views about college, and the knowledge we will try to pass down to our kids.
So, how will a generation laden with student debt talk to their kids about college?