A college degree will lead to upward economic mobility for young parents and families, according to a new report from nonprofit Generation Hope.
The report, “Higher Together: The Impact of a College Degree for Young Parents,” highlights how a degree influences creating better economic outcomes for young families.The report surveyed Generation Hope’s alumni, who were teen parents working toward degrees, for their post-college experiences.
Key findings reveal that the average annual earnings for teen parents more than doubled after degree completion and that nearly one-third of graduates proceeded to advanced degrees.
Another finding was that systemic oppression remained, such as employment discrimination, lack of generational wealth, and pay disparities.
“When it comes to earning a college degree, young parents face significant hurdles that stem from being systematically excluded from educational opportunities,” said Nicole Lynn Lewis, Founder and CEO of Generation Hope. “Like all student parents, without intentional supports to alleviate these financial, logistical, mental and emotional challenges, they will continue to face slim odds of earning a college degree. This report not only clearly demonstrates the impact a degree can have on broadening economic possibilities for young families, it also shows how important it is for parenting students to have advocates and champions in their corner committed to helping them shape better futures for themselves and their children.”
The report also includes recommendations for teen parent higher ed access and success.