Two Extra Years in College Could Cost Your Kid $300,000

Here are 7 Proven Ways To Get Through College FAST

When you imagine your daughter’s future, you probably don’t envision her spending extra years in college.

Yet, according to the National Center for Education Statistics, only 40% of college students earn their bachelor’s degrees in four years. And only 60% of college students receive a degree in six years!

Yikes!

extra years in college

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17 College Majors That Put Kids On the Path to Underemployment

Forbes recently published a list of 17 college majors that carry high underemployment rates.

Grads in these degree fields find it hard to get the jobs they went to school for. They tend to make less money than they should be making, and a lot of them live with this discouraging realization: “I might have just wasted all that time and money I spent on college; I’m not even using the degree I worked so hard for.”

Help your kid stay off of the path to underemployment.

college major

17 College Majors That Tend to Lead to Underemployment:

  1. Physical Education Teaching: 57% grads are underemployed
  2. Human Services: 56% grads are underemployed
  3. Illustration: 55% grads are underemployed
  4. Criminal Justice: 53% grads are underemployed
  5. Project Management: 53% grads are underemployed
  6. Radio/Television & Film Production: 53% grads are underemployed
  7. Studio Art: 52% grads are underemployed
  8. Healthcare Administration: 52% grads are underemployed
  9. Education: 52% grads are underemployed
  10. Human Development & Family Studies: 52% grads are underemployed
  11. Creative Writing: 51% grads are underemployed
  12. Animal Science: 51% grads are underemployed
  13. Exercise Science: 51% grads are underemployed
  14. Heath Sciences: 51% grads are underemployed
  15. Paralegal Studies: 51% grads are underemployed
  16. Theater: 51% grads are underemployed
  17. Art History: 51% grads are underemployed

(This information is based on PayScale data collected from 962,956 workers between 3/21/2014 and 3/21/2016.)

But wait–there’s good news in this Forbes report too!

In every one of these college major fields, some of the graduates are working. A good number of them (in some cases almost 50%!) are employed in their career fields, fulfilling their potential, making money they’re happy with.

What sets the fully-employed grads apart from the underemployed ones?

One thing I know for sure–the grads who completed extensive job shadowing and multiple paid internships in their career fields are doing far better than those who failed to complete these important steps during college.

You can see two extremely helpful posts I’ve written about internships here and here.

If your kid loves a field with low employability, have him or her try this:

Take the advice of Gwen Burrow from Find Your Calling, who tells students: “Ask yourself–do you really need two or four years of full study in subjects like studio art, creative writing, or theater? Is that something you could do with just a few classes, plus practice on your own time?”

Your child could also consider combining the less desirable major with a potentially more lucrative minor. Combine a “health care administration” major with an accounting minor, for instance, or an “illustration” major with a marketing, advertising, or art education credential.

I’m not sure I’d advise your kid to pursue a college major in Studio Art, Theater, or Art History…

Those fields are notoriously difficult when it comes to finding full-time jobs after college.

But I can tell you this. Being strategic about job shadowing and interning can make the difference between depressing, low-paying, motivation-sapping underemployment and a truly fulfilling long-term career that makes perfect sense.

(Many thanks to Gwen Burrow from Find Your Calling for the help she gave me writing this article.)

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Must-Listen 9-Minute Dave Ramsey Rant Against Student Loan Debt

Caution, Though; Dave's Wrong About Two Things!

I love Dave Ramsey’s video rant about student loan debt, which you can watch at the link I’ve provided below.

(Listen for my favorite Dave line in this rant: “I missed where the lady got helped.”)

If you’ve got 9 minutes to listen to this while getting ready for work in the morning or while cooking dinner, please do!

As you listen, though, be aware that Dave Ramsey is wrong about two things:

1. Dave Ramsey’s wrong when he says that your in-state college or university is automatically your bargain choice.

microphone

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Beyond the Internship

5 Strategies For Getting Hired Right Out of College

Today I’m featuring a guest post by internship & career success blogger Sharise Kent. Sharise spent 5 years managing a national internship program where she placed over 400 interns with some of the biggest media companies in the world. Her blog helps college students understand the value of internships and the importance of designing a career during the early years of college. Her book, The Internship Manual: A Step-by-Step Guide to Getting the Internship of Your Dreams is available here.

I invited Sharise to speak to my followers today because her advice is invaluable for parents who want their kids to get actual jobs after college.

internship

Many parents are dismayed when they find out that colleges don’t actually teach students how to get jobs. 

Students who don’t realize this early can find themselves with knots in their stomachs during senior year when their parents cheerfully ask, “How’s the job search going?”

These well-meaning parents likely have no idea—their soon-to-be college graduate doesn’t even know where to start looking.

What can students do?

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7 Criteria To Decide: Should Your Healthy 20-Something Kids Live With You?

So, your 20-something daughter wants to live at home in her childhood bedroom. Should you happily say yes and make a plate of warm cookies to welcome her back?

Or could this put you (and your child) in a bad spot?

I’ve written in a previous post about the horror of loving mothers and fathers who sacrifice for years only to find themselves in their 50’s, stressed and anxious over unkempt twenty-something children still living in their childhood bedrooms. Many of these parents despair over dependent 20-somethings sleeping in past noon, lounging afternoons away on parents’ couches, helping themselves to food from their parents’ refrigerators, and then staying up long hours into each night gazing into the flickering blue screens of online video games. 

You know that there are hundreds of thousands of parents living this nightmare every day, right?

What can you do to avoid becoming that parent?

1. Is your child enrolled in (and making successful progress through) a full-time academic program?

When your child is in elementary and middle school — or as soon as possible after that — start telling your children this important sentence: “Honey, we will be happy to provide free room and board to you after your high school graduation, as long as you’re enrolled in (and making successful progress through) a full-time academic or job-training program.”

2. If your child is still in high school, clearly lay out the plan for the summer after high school graduation.

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Teen Constantly Angry? It Could be “Launch Anxiety.”

15-year-old Luke had been in a dark, angry mood all day long, starting from the moment his mother wished him a cheerful, “Good morning!” and set hot scrambled eggs and a fresh hot caramel roll in front of him at the breakfast table.

Luke ate in broody silence, and his mother felt momentarily thankful for the quiet. If Luke could just get off to school without a screaming mood swing and slamming doors, today would be a good day.

Luke’s mom looked at him chewing the buttery, drippy carmel roll. His eyes were flat, his face devoid of appreciation or joy. She felt anxiety rise in her own chest, but then rationalized it away. “It’s probably just hormones,” she told herself, “and there’s nothing I can do about that.”

Actually, it’s probably not “just hormones.” It’s more likely “launch anxiety,” which is something you can help with more than you realize.

depressed boy blog photo canva

Rather than hormones, your teen’s dark moods, depression symptoms, mood swings, blunted, flat emotional responses, and hair-trigger anger are far more likely to be linked to a psychological condition called “launch anxiety.” The good news? Keep reading. There’s a lot parents can do to alleviate “launch anxiety” and help teens to feel better.

What is “launch anxiety”?

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TONIGHT! This Free Event Could Save You TONS on College Costs

Ideal for Families With MIDDLE SCHOOLERS

Your kid’s in 6th, 7th, or 8th grade?  It’s time to set him or her free to feel jazzed and excited about college. Plus — as a parent– learn 8 things you can do right now to keep that kid’s future college costs low.

live event in Minneapolis

 

I’ll be covering all this in this free live event in Minneapolis tonight, January 10th, 2017.

Give your middle schooler (or high schooler!) a huge jumpstart on college.  Bring the kids and join me tonight for a free live event sponsored by Minnehaha Academy in Minneapolis.

I’ll be covering these important topics:

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Buy LAUNCH Before 1/11/17 — Get Bonuses Worth $248

Today I’m announcing the extra bonuses your family will receive if you purchase LAUNCH by January 11, 2017.

LAUNCH

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What’s College Life Like on an Army ROTC Scholarship?

This article was originally posted here on August 15th, 2015. It was updated and reposted on March 22nd, 2018.

Military service isn’t for everyone.

But before you disregard the help that the U.S. military provides to college students, let’s look at a few details about it.

ROTC scholarships

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Students, Whatever You Do, DON’T “Follow Your Passion.”

This is one of the most important posts I've ever written.

follow your passionA girl recently contacted me on Twitter, asking me to explain to her how she could wrestle control of her 529 college savings plan away from her parents.

“They are unreliable and untrustworthy,” she told me.

“What!?” I thought. “Are they drug addicts or human traffickers? Are they embezzlers!? What’s going on?”

I invited the girl to direct message me on Twitter so I could get a fuller picture. I learned that her parents were against a rather harebrained idea she had to study what she vaguely described as “media” overseas — so they were refusing to fund it. (They are perfectly within their rights to do this.)

When I asked the girl why it was so important that she carry out this plan to study “media” overseas, she came out with this whopping piece of logic:

“It’s been my dream since forever to do so.”

My reply to her looked like this:

“I understand about dreams, but when it comes to college and career we need to get extremely practical. What you need is the shortest, fastest, least expensive route to get to a career that will support you financially. When you get to your career goal and you’re working and earning your own money, then you can get started on fulfilling your dreams. Then you can fall in love and travel the world and do whatever you want. College is not the time to fulfill your dreams. College is the time to get busy get practical get it done and get out. Can you tell me what your career goal is? What do you think you’ll be doing when you are finished with studying “media” overseas?”

Parents, tell your kids the truth: college is not actually about following passion and dreams.

College is about qualifying oneself to do a job that will earn money in the real world.

To read my emphatic words to students age 12 -24 (and to see an inspiring short Mike Rowe video on this subject) read on.

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