The purpose of this research study is to determine the level of influence of parental education, social and financial status on their senior college students by encouraging them to pursue higher degrees. The sample of the study was 313 senior college students randomly selected from private and public universities in Kuwait to answer the questionnaire. Then followed by interviewing some of these 313 students for triangulation. The result of the findings shows that the impact of parents on college student's academic achievement should be mediated through college student's own self-perception and the environments in which students grew up. The findings show that there is a strong influence and positive motivations on the development of the students' own beliefs. Moreover, the study shows other factors such as the family socioeconomic background, the students' social influences, the students' academic achievement, in addition to the educational achievement of both parents which all have impact on students' decisions to pursue higher degrees.