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Parents are Worried About Affording College for Their Kids

Gen Z and Millennial parents are not confident about affording college for their kids, so they’re teaching them about alternatives…

Written and Edited by the YPulse Editorial Team

Aug 21 2024
North America

KEY TAKEAWAYS

Questions are being raised about whether the cost of college is worth it
Over half of Gen Z and Millennial parents say they won’t be able to afford their kids’ college education
Parents are teaching their kids about alternative options

Students and parents are getting more anxious about affording higher education. According to application site ScholarshipOwl, 19% of Gen Z college students who dropped out of college recently cited financial uncertainty as the primary reason. As of June, another 90% of Gen Z students planning to attend college this fall are still unsure about how they will fully cover their tuition costs—with one in five saying they need more than $20K to meet their tuition needs. YPulse has told you before that Gen Z students are increasingly placing less value on having a college degree, especially in the face of...