Quote Of The Week: What’s College Really For?

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It’s a sad life for today’s college students; out with basket weaving, in with Accounting 101.

People don’t go to college anymore to be fulfilled or to gain life perspective; they go to get a great job,” said Jon Boeckenstedt, associate vice president for enrollment and marketing at DePaul (University in Chicago). “There’s been a shift from hippie culture to corporate culture.”

Douglas Belkin, “Freshmen Are Picking Their Majors Earlier,” The Wall Street Journal, March 20, 2015

The Takeaway: Like it or not, as students face greater financial pressure and a soft job market at graduation, they are selecting “practical” college majors and taking the more utilitarian classes they need for their future careers. Another reason for the practical job-oriented focus is that the average college debt load for the class of 2014 was $33,050, up from $21,975 in 2007 in inflation-adjusted dollars, according to the National Center for Education Statistics.

About Mari Adam

Mari Adam, Certified Financial Planner™ has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

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