College Bound this Fall: After 18 Years Your Oldest is Moving Out
Remember all of the preparation that went into making sure your little one had the perfect room before they came home? I remember the happy nervousness I felt, lugging my belly from store to store looking at paint colors, baby comforter sets and cribs. So long ago it seems considering our oldest will start high school in a few weeks. Soon we will send her off to college. It won’t be long before we’ve got our eye on reasonably priced footlockers, crates and twin sized comforter sets. And instead of a big belly I’ll be lugging around a teen, with no money but plenty of opinion. Will you be sad when your oldest goes off to college? To be fair, in order to reasonably answer this question I think you should have a child at least the age of a tween or higher. It’s easy to look at the cherubic face of a toddler and say – of course I will miss them! But, spend a little more time with the little human you helped to create. Years of a relationship with a hormonal tween or teen may sweeten your future empty nester perspective. Whether or not you will be a teary eyed mama or perhaps you have plans to drop them off at the curb of their dorm it’s good to know that you are helping to transition them to the next stepping stone – college. College is expensive. The National Center for Education Statistics (NCES) recently reported that the average tuition and required fees for full-time, first-time degree undergraduates at public and nonprofit 4-year institutions increased from 2011-2012 to 2013-2014.
- Public institutions reported a 4 percent increase (to about $7,800) for in-state students and a 3 percent increase (to approximately $17,500) for out-of-state students,
- Nonprofit institutions reported a 4 percent increase (to about $24,800)
- Millennial college graduates ages 25 to 32 who are working full time earn more annually—about $17,500 more—than employed young adults holding only a high school diploma.
- College-educated Millennials also are more likely to be employed full time than their less-educated counterparts (89% vs. 82%) and significantly less likely to be unemployed (3.8% vs. 12.2%).