Young Adults Do Need More Support
While “helicopter parents” or “bulldozer parents” are easy targets, the truth is that young adults do need more support than previous generations – financially, emotionally and everything in between. The education and career landscapes are quite different today than they were even just a couple of decades ago. While college students may have many of the trappings of adulthood – an apartment, a car, jobs and bills, they still need support from parents and/or other mentors. Getting through college and launching a career today is a family affair.
What Your Child is Up Against
Currently there are about 21 million college students in the U.S., and about seventy percent of them rely on student loans to pay what is an unprecedented amount of tuition. Whether or not families can pay for college outright or need to take out loans, it’s a huge venture that makes an impact on all but the very largest of household budgets.
Worry about that cost can sometimes be squashed, at least for the first three and half years or so. Then reality starts to hit. Much less than half of college students graduate within four years, and when they finally finish, only one out of four students has a professional gig lined up. For the rest, it will typically take three to nine months to land their first professional job. If they do find a job, it may not be one that even requires a college-degree. The rates of un- and under-employment are higher for young people than any other college graduate demographic.
Although the vast majority of young adults will eventually stumble into a decent career, it’s often in spite of a loose “system” that is really not set up to offer clear paths into most careers. Career planning is not part of the primary curriculum for majors outside of traditional professions such as law, medicine and education.
Parents – There’s Support For You Available
There needs to be more clear information that’s easily accessible to teach parents how to support their students. While the transition from high school into college is buttressed by parent nights, guidebooks, test prep classes and campus tours, supporting a college student is a little lonelier, a lot harder and many parents feel like they are flying blind.
At LaunchingU, we’re dedicated to helping parents and their college students and recent grads, you can check out our free guide for parents and subscribe to our newsletter. We’ll also be launching a new podcast “Getting Real” soon – we’ve recorded five episodes already and are so excited to delivered college-to-career advice right to your ears!