Taking a Gap Year Before College: Good Idea?

In England and Australia, it is more common than in the United States for a student to take a year after high school to travel or experience the world before entering college. According to SmartMoney, it may not be such a bad idea.

The argument is that students who take a break from institutionalized education will come back to college—if they come back—with a fresh outlook on what they want to do with their life, their passions, and their attitude for learning.

This concept comes at a great expense. Delaying college for one year can mean increased tuition costs of 8% or more. In addition to higher education costs, the cost of the gap year can be large, depending on the activities the student chooses.

gapDelaying college for a year will also likely mean delaying the start of a career. The missed earnings in what would have been the first year of income, thanks to compounded interest, can mean hundreds of thousands of dollars forgone by the time retirement rolls around.

All things considered, I might have liked taking a gap year. For all I know, during that year, I might have changed my mind about my career path, which at the time was music education with the goal of becoming a high school music teacher.

‘Gap Years’ Can Be Smart Move for High School Seniors [SmartMoney]
Photo credit: malias

Scroll down to read 19 comments on “Taking a Gap Year Before College: Good Idea?.”

Related Entries on Consumerism Commentary

19 Comments on “Taking a Gap Year Before College: Good Idea?.” To add your own comment, scroll down.

  1. Comment #1 by tinyhands (reply)
    July 20th, 2007 at 11:45 am

    I believe this depends on the individual, but at 18, how many people are prepared and mature enough to make this decision? I know I wasn’t, so I went away to college and struggled (read: partied). A year off working some crappy job might have encouraged me to work harder to ensure I didn’t end back up at The Gap.

  2. Comment #2 by Tim (reply)
    July 20th, 2007 at 2:34 pm

    i agree, it will depend on the person; however, missing from your calculations is the fact that if a person is focused on college after the gap year, the person will probably graduate on time with those who went to college immediately after high school. graduation from college now averages 5 years. if you are focused after the gap year, you probably can graduate in 4 years, graduating right on time with your peers.

    i did a mini gap and was better for it.

  3. Comment #3 by Flexo (reply)
    July 20th, 2007 at 2:42 pm

    Tim: I didn’t include that. While it certainly is more common than in the past for students to take 5 years to graduate, it is definitely not the “average.”

  4. Comment #4 by Robin (reply)
    July 20th, 2007 at 2:52 pm

    So worth it, in my opinion. There’s so much you can learn about yourself during that time, plus I think few realize it’s almost impossible to ever get a block of uncommitted time like that again unless you become unemployed. I have labored for years under the mistaken impression that hard work somehow earns free time. It’s just wrong. It’s the opposite, if anything.

  5. Comment #5 by Brad (reply)
    July 20th, 2007 at 3:11 pm

    Also not considered here is the propensity for people to say “I’ll go to college later” and never end up doing it. This happens far more often than people like to think. Having a gap year, at least here in the US, would lead to fewer high school graduates ever starting college, much less finishing.

  6. Comment #6 by Flexo (reply)
    July 20th, 2007 at 3:18 pm

    Brad: I figured that would be a possibility for many, hence my “if they come back [to institutionalized education]” above.

  7. Comment #7 by Gray (reply)
    July 20th, 2007 at 3:43 pm

    Depends on the person and their family/upbringing, totally. That being said, I agree that it is indeed a good idea for some folks to take time off between high school and college. I didn’t take a break and it was 100% the right choice, however I can definitely think of friends that could have had a much smoother experience is they chilled out before heading right into a university.

  8. Comment #8 by Tim (reply)
    July 20th, 2007 at 5:21 pm

    Flexo,
    I think you will find that even conservative estimates put 4-year college graduation rates in the low 40%, while 5-year graduation rates are above 50%. This to me suggests that the average is 5-years. considering public schools make up the vast majority of college graduates, college graduation rates even within 5-years has dropped to low 40%. This suggests that my “average” 5 years is more likely between 5-6 years. I was being generous by listing 5 years as “average”.

  9. Comment #9 by Flexo (reply)
    July 20th, 2007 at 6:32 pm

    Tim: What is your source for those figures? Graduation rates include drop-outs… a 40% 4-year graduation rate means that 60% drop out before graduation or take longer than 4 years… not really a true indicator of what I’m talking about.

    Let’s put it this way. Take everyone who doesn’t graduate at all out of the statistic. Most of the remaining students graduate within 4 years. A large absolute number—but not the majority—graduate in 5. A few take more than 5. This might put the average above 4, but not by much.

    Even if the number of students who graduate in 5 is the same number of students who graduate in 4 (ignoring those who take longer or shorter), the average would be 4.5.

  10. Comment #10 by Foobarista (reply)
    July 20th, 2007 at 7:45 pm

    It’s definitely worth it, as long as it doesn’t need to be paid for with debt or the Bank of Mom & Dad. Another option is a “gap year” between community college and university after finishing the sophomore year – or even a break after working for awhile.

    I took my “gap year” when I was 30, and lived in Beijing for several months. Things were a bit more complicated then – although simpler financially since I had more money and skills than the average student backpacker – but it led to marriage and a view of the world I’d never had gotten if I’d stayed planted at home.

  11. Comment #11 by Steve (reply)
    July 20th, 2007 at 11:23 pm

    In general it is best to get your degrees as young as you can so that you can have more working years at a higher salary level.

    That said, instead of a gap year, I think it would be better to do at least one year of college before taking time off. That first term at college boosts your reading, math, and thinking skills so much. My college required a course on logic during freshman year, and it was a great tool to have. This advice only holds if you are not one of those fortunate prep school kids who find college boring because your prep school education was so good—there was a recent NY Times article on that topic.

  12. Comment #12 by zen (reply)
    July 21st, 2007 at 3:41 am

    The problem with generalizations is that they make assumptions.

    Just because you don’t graduate college doesn’t mean you delay starting a career – I have no degree but work for a fortune 500 company making more than some who graduated with degrees. I took a year off – a couple of times – and landed a job based on my experience and selling my skill set.

    In addition – my time off was used to work at a factory job to pay off debts and save up cash for college – going early to college may mean an earlier career but you also sacrifice the freedom of not being tied down to the possibility of huge fees/loans and the indecision of choosing the right major or career.

    It’s a delicate balance – taking time off can be beneficial and save you money, at the risk of the loss of time in college – but ultimately it’s a person-by-person basis. It’s definitely something parents should discuss with their college bound children to determine what is ultimately best for them.

  13. Comment #13 by Margo (reply)
    July 21st, 2007 at 9:54 am

    I think the gap year would help keep a lot of the less-motivated kids out of college. All the posts above want them to start ASAP so they finish and start earning a salary – but think how many 18 year olds go spend 18 months in college and decide to quit, but retain the debt; or, spend 3 years on a philosophy or poli sci major before realizing it’s hard to find a well-paid career with those degrees.

    I believe all college majors have value, but realisticially you can’t afford to debt-finance private school tuition for almost anything in the humanities or fine arts.

  14. Trackback #14 by » Weekly Roundup: Weber Smokey Mountain Edition on Blueprint for Financial Prosperity (reply)
    July 21st, 2007 at 1:17 pm
  15. Comment #15 by Tim (reply)
    July 21st, 2007 at 1:27 pm

    flexo,
    the average is 5 years. multiple sources, but you can go to US Department of Education’s National Center for Education Statistics if you want.

  16. Comment #16 by plonkee (reply)
    July 23rd, 2007 at 7:15 am

    Being in the UK, when I went to University there were lots of people who had taken gap years. They seemed much more grown up than those of us who had come straight from school.

    All of them had done something in their year that could be turned into a credible addition to a cv – for most it was simply travelling to India, SE Asia and/or Australia.

    I don’t know of anyone amongst my peers who took a gap year and never went to University. I do know people who took gap years after University and never got a ‘proper’ job – but they do have lifestyles that make them happy.

    I don’t think the expense of taking a gap year is comparable to the expense of having children, or choosing a non-lucrative major. And like both those lifestyle choices, it can be good value for money, depending on the individual concerned.

  17. Comment #17 by Matt (reply)
    July 23rd, 2007 at 8:30 am

    Personally I went to college right after high school and promptly failed out. I wasn’t ready for the experience. I left school and went to work a few years later I went back and completed my degree. After this experience I am convinced that had I taken a year off I would have been far better prepared for continuing school.

    I agree that its an individual choice but if you go straight to from high school to college you don’t get the additional perspective of seeing the world.

  18. Comment #18 by JB (reply)
    July 30th, 2007 at 6:39 pm

    What about a gap year that includes college credit? There are some programs like language immersions that earn credit as well. Are there other programs for gap year that offer college credit? I didn’t see a mention of that option.

  19. Trackback #19 by Lessons From My Blogroll: Why You Should Be A Fan Of Personal Finance Blogs (reply)
    August 1st, 2007 at 1:34 pm

Leave a Comment

Enter your comments below. Please note: Use of a non-personal web site or blog in the field below and/or comments that are off-topic, personal attacks, or support requests will likely be removed at my discretion.

Copyright of comments belongs to the comment author, but I reserve the right to edit comments for formatting or content.

Add a photo or icon to your comment by creating an account on Gravatar.

Welcome to Consumerism Commentary

Consumerism Commentary is a blog for men and women who wish to make the most of their financial lives. Read more about Consumerism Commentary.

Cash Loans
CSA 120x120 Animated

Advertise here (more info).
Earn money as an affiliate. Join here.

Contributors

Subscribe via E-mail

Credit Card Offers

Recent Comments

Best of Consumerism Commentary

Recent Articles

Popular on pfblogs.org

Disclaimer

The authors of Consumerism Commentary are not professional financial advisers and no text within this website should be considered financial advice. Any individual who makes financial decisions based solely on the information contained within does so at his or her own risk. Always consult a financial professional.

About Advertising

This website contains advertisements, usually listed as “sponsors.” Some links are for products or services for which Consumerism Commentary is an "affiliate." No articles within the blog are advertisements disguised as blog entries. Consumerism Commentary is not compensated for any content, except for advertising sold. This site contains no Pay-Per-Post (or similar) articles.

Privacy Policy

Carnival of Personal Finance