Majoring in philosophy and hope you fall into a job is not a good plan anymore. I'm not sure it ever was.
I have the feeling that I'm 10-20 yrs older than you. So, by the time you got out of HS that may have already been true. I had to pay my own way through. So, I went to a 2 year school to get my basics done while living at home (for as great as my mom is/was, like every other kid, I couldn't wait to get out of the house. I just couldn't justify the extra expense when I could save a ton of $$$$ by living at home for 2 more years). Anyway, they had a "career day" at UW Barron Co Campus my last year there. I talked to around 10 potential employers, as I'd already concluded that my "dream job" of working for the WI DNR would really be a sucky, low paying job, if I was even lucky enough to get a job. Still, I really enjoyed the wildlife bio field and didn't want to scrap that major. So, I asked each of the 10ish business recruiters how seriously they took having a related major, as I had no clue what I could do with the BS in Bio, emphasis on wildlife, I was working towards, outside of moving rocks on trout streams for min wage with the DNR.
That would have been back in 1985. Every recruiter told me they didn't even pay attention to what the degree was in or GPAs, as they figured that if you could get any degree and pass with any GPA that you were smart enough for them to train. All they cared was that you showed you were smart and responsible enough to make it through..........Somewhere along the lines, that's changed drastically. Supply (glut of college kids looking for limited jobs) and demand (fewer and fewer jobs for more and more college kids) has made it so that my kids' friends that graduated with a ton of debt with my kids can't seem to find jobs in the fields they were going for UNLESS they are willing to relocate and have some level of experience (many of them took unpaid internships, several even after graduating).
Bill, I applaud your efforts with the kids and agree 100% that many parents are failing at teaching their kids anything about money management. I try, but I think greatly limiting the help I've given each with college has been my primary teaching tool. By the time they're out, I've probably given each of them $5,000-$10,000 each, but I always try to make them do something for any $ I give them (sure, it's a ridiculously high hourly wage, the best they'll likely ever make per hour, if one was to calculate it), as I feel it's important that they grasp that you ultimately have to rely on yourself in this world, and spend a lot of time talking budgeting with them.
For as much as our educational system gets ripped on, 2 areas that I feel it has been an abject failure is that K-12 does next to nothing to teach kids how to make & budget $ and next to nothing on how to be a parent. Blows my mind, as those are possibly the 3 most important lessons kids need to learn.