Last week, we posted College without Completion -- Post #1, which discussed National Center for Educational Statistics's published statistics on cohort graduation rates. We continue the College without Completion thread with this post.
(image by flickr user ben.chaney)
In the last College without Completion post, we shared that, according to NCES, 42.7% of students did not get a bachelor's degree from the college at which they began within 6 years (Source). In this post, we look at the effects of leaving college without a degree.
There are multiple ways in which a student and his or her immediate family might be affected by a student's decision to leave college.
A student's potential earnings, as well as a student's quality of life, can be greatly diminished by the lack of a degree.
- Students who have some college but no degree face a higher unemployment rate and sub-median weekly pay check (Source).
- Students with a bachelor's degree or a higher degree report a lower level of poverty, a slightly higher job satisfaction rate, a lower obesity rate and children that are better prepared for school (Source).
The term “helicopter parent” is widely associated with children of Generation Y, also known as Millennials. Many say that the parents of Gen Y tend to “hover over” their children and pay extremely close attention to their experiences and problems, often trying to help their children avoid life’s obstacles along the way.
The spring semester is ending. This may be a stressful time for both you and your college student. Your student has to study for the finals, plan her summer vacation and make arrangements for the fall semester. You are excited that your student may come home to visit and also concerned about the stress she's having.
Internships are an essential way for your student to gain experience and skills in today’s competitive employment marketplace. Not only do most college programs require at least one internship for a student to graduate, but also many entry-level jobs require internship experience to apply (and employers want candidates who have that experience under their belt!).
When you want something in life, it's best to have a plan for how you will get it. Everyone wants a life of financial security—the ability to save and invest so that your money is working for you in a way that enables you to fulfill your life's goals. To achieve financial security, you need to create a financial plan.
