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Life expectations drop after three years of university: study

Last Updated Aug 3, 2016 at 8:50 am PDT

Courtesy The Canadian Press
Summary

Undergrads are more confident than fourth years that big life goals can be achieved within five years of graduating

RBC polled 1,500 Canadian students online

TORONTO, ON. (NEWS 1130) – Students may go into college or university with big life goals, but the timeline for achieving them gets pushed back after just a few years of classes.

A new poll from Royal Bank of Canada shows first and fourth year university students differ on how quickly they expect to achieve major milestones, like buying a car, paying off student debt, and earning their first $100,000.

The results show undergrads are more confident such goals can be achieved within five years of graduation.

“A lifetime passes from the moment you receive your acceptance letter and when you graduate from post-secondary school,” says Laura Plant, RBC’s director of student banking. “The survey results show that goals and priorities evolve as perspectives and realities come into focus the closer you are to finishing school.”

Sixty four per cent of first year students polled expected to earn their first $100,000 within five years of graduating, compared to 55 per cent of fourth years.

The gap is even wider for the expectation of having children: 40 per cent and 29 per cent, respectively.

Just over fifteen hundred Canadian post-secondary students were polled online across 11 days in March.