Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y...

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Gen Z Goes to College Welcome!

Transcript of Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y...

Page 1: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

Gen Z Goes to College

Welcome!

Page 2: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

Gen Z Goes to College

Page 3: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

Who isGeneration Z?

Gen Z Goes to College

Page 4: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

Who aretheir parents?

Gen Z Goes to College

Page 5: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

Gen Z Goes to College

SOCIAL RESPONSIBILITY

SECURITY & STABILITY

Page 6: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

How best to work withyour Gen Z student

Gen Z Goes to College

Page 7: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

Gen Z students want a copilot

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PRO Parent/Guest Attendance

88% of those in Generation Z feel they are extremely close to their parents, whom they see as playing roles more like friends and advisers. (2, p. 89)

Half take the opinions and perspectives of their family into consideration in their decision making. (2, p. 89)

In considering what has fostered this type of relationship, it is likely the honesty, trust, and openness that their parents have displayed early in their lives. (2, p. 157)

We have seen increased involvement of parents on PRO Days.

Gen Z Goes to College

Page 8: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

Gen Z students want financial securityUnlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and debt averse when it comes to student loans, according to the nonprofit College Savings Foundation.

They also are willing to work their way through high school and college to help cover tuition, room and board and other college costs, the survey found.

As a whole, Gen Z students “appear to be a more conservative generation that also realizes the impact debt can have on their lives,” said Roger Michaud, chairman emeritus of the Washington-based savings organization.

That’s a sharp contrast, he noted, to members of previous generations who often took a “sky’s the limit” approach to borrowing for college. (3)

94% of incoming students plan to work in a co-op or internship before graduating. (1)

82% of incoming students plan to work either full-time or part-time while also attending S&T. (1)

Gen Z Goes to College

Page 9: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

Gen Z students have only known an

uncertain world

Gen Z Goes to College

Page 10: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

Gen Z Goes to College

Page 11: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

Gen Z Goes to College

Page 12: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

Gen Z Goes to College

Page 13: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

Gen Z Goes to College

Page 14: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

Gen Z Goes to College

Page 15: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

Gen Z Goes to College

Page 16: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

Gen Z Goes to College

Page 17: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

Gen Z Goes to College

Page 18: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

Gen Z Goes to College

Page 19: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

Gen Z Goes to College

Page 20: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

Gen Z Goes to College

Page 21: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

Gen Z Goes to College

Page 22: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

Gen Z studentsseek fulfillment

“Although they recognize that getting any job can be challenging, they also do not want to settle for a job that is not fulfilling. Two-thirds want their careers to have a positive impact on the world, and nearly 40% plan to invent something that will ‘change the world.’” (2, p. 103)

Gen Z Goes to College

Page 23: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

Generation Z Student:“If we don’t do it, nobody will, and I

want to be the one to…”

Gen Z Goes to College

Page 24: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

Gen Z Goes to College

Gen Z students are different than their

older siblings

Page 25: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

Sources:1. 2018 Freshman Class Profile Questions, New Student Programs

2. Seemiller, C. and Grace, M. (2016). Generation Z Goes to College. San Francisco, CA: John Wiley & Sons

3. Rosen, Steve. “Gen Z not eager to take on student debt.” Chicago Tribune. 13 June 2017. Web. 5 Feb 2019.

4. https://reports.sparksandhoney.com/campaign/generation-z-2025-the-final-generation

Gen Z Goes to College

Page 26: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

How have you noticed the Gen Z traits in your own family?

(Time to brag about your kid)

Gen Z Goes to College

Page 27: Welcome! - pro.mst.edu · Gen Z students want financial security. Unlike members of Generation Y — and especially Gen Xers — Gen Z teens seem to be more financially careful and

What brief stories or advice would you like to share to help some of the other parents?

What can you tell us that would help us work with your students better?

Gen Z Goes to College