These days, it seems American families are spending more for college while college students are getting less value in return, a trend research validates, says entrepreneur Matt Stewart.“The average cost for an in-state public college is $22,261, and a moderate budget for a private college averaged $43,289 for the 2012–2013 academic year; for elite schools, we’re talking about three times the cost of your local state school,” says Stewart, a spokesperson for College Works Painting, which provides practical and life-changing business experience for college students who have shown the potential for success. Interns operate their own house-painting business with hands-on guidance from mentors.
To make matters worse, adults in their 30s have 21 percent less net worth than 30-somethings 30 years ago, according to a new Urban Institute report. “More students are being saddled with long-term debt while getting less value for their education,” Stewart says. “Because of the difficulty recent college grads are having finding jobs in today’s tough economy; today’s students may have even less worth in their 30s than 30-somethings today.”
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To add value to their professional career, Stewart encourages college students to seek outside-the-box avenues for increasing their career stock while in college. Becoming a college entrepreneur and running a business is a great way to do that; he explains why.