Author: James Wellemeyer
With rising tuition costs, some aren’t going to college, and more are working jobs on the side.
In the spring of her senior year of high school, Malavika Vivek had four choices: Caltech, UC Berkeley, Carnegie Mellon, or solutions architect at software company Avasoft Inc.
She chose Avasoft.
Vivek had been working for the company part-time while at a magnet engineering-focused high school in Edison, N.J. When she was offered a full-time position, she couldn’t pass up the opportunity.
“I definitely thought about going to college because those schools are all really good. But in the end, I knew I would learn more discovering things on my own and working in the real world,” Vivek told MarketWatch.
At 19 years old, Vivek belongs to Generation Z. And while her experience isn’t yet common, Gen Z is becoming more open to doing college differently or not going at all, according to a new study by TD Ameritrade.
The study surveyed over 3,000 U.S. teens and adults, including approximately 1,000 Gen Z (ages 15 to 21), 1,000 young millennials (ages 22 to 28), and 1,000 parents (ages 30 to 60).
About one in five Gen Z and young millennials say they may choose not to go to college. Many others see a less conventional path through education as a good idea. Over 30% of Gen Z — and 18% of young millennials — said they have considered taking a gap year between high school and college.
What’s more, 89% of Gen Z, along with nearly 79% of young millennials, have considered an education path that looks different from a four-year degree directly out of high school. For millennials, that’s up 18% from 2017. (Gen Z was not surveyed in 2017.)
“There are more options today,” Dara Luber, a senior retirement manager at TD Ameritrade, told MarketWatch. “More students are looking at online courses, doing classes at community college, commuting from home, or going to a trade school.”
Read More: Here