College is costly enough as it is. Why should parents invest in career planning?

Research shows that just 1-in-4 of this year’s college freshmen will have a degree in 4 years. (educationdata.org, 2021). This sobering statistic is largely attributable to switching majors, transferring schools, and career uncertainty. Investing in professional career planning and helping students find direction faster than trial-and-error can lead to huge tuition savings for parents in the long run. Even one additional year at a private college at an average of $38,000, and the loss of a first job’s salary at $50,000 represents an additional financial liability of $88,000. Professional career planning costs far less. It’s like an insurance policy to help protect your investment in college.