Generational wealth refers to the assets passed down from one generation to the next, including money, property, investments, and businesses. This type of wealth can provide a source of financial security and stability for families, allowing them to afford quality education, housing, and healthcare. However, for first-generation students who come from families with little to no generational wealth, navigating the challenges of higher education can be difficult.

First-generation students are those who are the first in their family to attend college or university. These students often face unique obstacles that can hinder their academic success, such as financial strain, lack of knowledge about the college application process, and limited access to support systems. Without the financial resources that come from generational wealth, first-generation students may struggle to pay for tuition, books, housing, and other expenses associated with attending college.

One of the biggest ways that generational wealth affects first-generation students is in the financial burden of higher education. Students from wealthier families may have parents or grandparents who can help cover the cost of tuition, room and board, and other expenses, allowing them to focus on their studies without worrying about going into debt. In contrast, first-generation students often have to rely on scholarships, loans, and part-time work to fund their education, which can lead to stress and added pressure to succeed academically.

In addition to financial challenges, first-generation students may also lack the support and guidance that comes from a family with generational wealth. Wealthier families often have parents who have attended college themselves and can provide advice on choosing a major, selecting classes, and finding internships or job opportunities. They may also have connections in their industry that can help their children secure employment after graduation. First-generation students, on the other hand, may not have access to this kind of support network, making it harder for them to navigate the complexities of higher education and the job market.

Despite these challenges, first-generation students are resilient and determined to succeed. Many of these students work hard to overcome the obstacles they face, seeking out resources and support from their school, peers, and community. Colleges and universities can also play a crucial role in helping first-generation students by providing financial aid, mentorship programs, and academic support services targeted specifically at this population.

Ultimately, breaking the cycle of generational wealth disparity requires addressing the systemic barriers that perpetuate inequality in higher education. By providing first-generation students with the resources and support they need to succeed, we can help level the playing field and ensure that all students have an equal opportunity to achieve their academic and career goals.