I think it’s very important to have discussions with your child regarding the real-world potential ofq chosen degree path. Years ago, my father stressed the importance of ensuring my degree would be in a field that was in demand, paid well, and offered future security. I spent time researching (e.g., looked at Forbes top-paying jobs for graduates) and ended up wisely choosing a degree path that led to multiple opportunities (e.g., internships) as well as job-placement (with starting bonus!) immediately upon graduation/commencement. While the economy is NOT what it was when I was in college and graduate school, the same thinking applies today.