According to a recent study, the majority of recent college grads would make a different choice when it comes to their higher education, regretting key things like their major or where they went to school. A lot of them said they would reconsider what they studied to get a better return on their investment. It's why the next generation told Fidelity they're being more strategic with their choices.
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00:00 Do you remember the stress of planning for college, asking yourself tough questions like,
00:05 "What should I study?"
00:07 "Can I picture myself in this career long term?"
00:10 "What are the classes like?"
00:13 "Can I even afford to go to college?"
00:16 I mean, the list goes on.
00:18 According to a recent Fidelity study, the majority of recent college grads would make
00:22 a different choice when it comes to their higher education, regretting key things like
00:26 their major or where they went to school.
00:29 A lot of them said they would reconsider what they studied to get a better return on their
00:33 investment, i.e. make more money.
00:35 It's why the next generation told Fidelity they're being more strategic with their choices.
00:40 This next wave of college students are applying at a time when they're consumed by student
00:45 debt crisis, inflation, job security.
00:48 Today's students value better employment opportunities and financial security.
00:52 And they're really being smart about how they get there.
00:55 At the same time, though, the study found college students lack financial knowledge
00:59 to make the best decisions.
01:01 Corey Latham with Fidelity says understanding the true cost of college can eliminate some
01:05 of those common mistakes.
01:07 He says there are a few things you can do when planning.
01:10 Start saving well in advance.
01:12 If you can't save early, save what you can when you can.
01:16 The better prepared you are, the better position you'll be in.
01:19 Second, take advantage of a 529 college savings account.
01:23 You can use it to pay for college or even student loans.
01:26 Finally, don't be afraid to reach out for help.
01:28 Maybe it's a college counselor.
01:30 Or you can start by scanning the QR code on your screen.
01:33 That will take you to a number of resources Fidelity has available.