In the United States, attending a selective liberal arts college is often a sign of success. Human capital theory assumes graduates from these colleges share similar outcomes, in terms of employment and further education. This article reports, findings from a national (US) survey of liberal arts college students who graduated between 2012 and 2014. It finds significant differences in the immediate post-graduation outcomes of students based on family background. Using a Bourdieusian lens of capitals and habitus, the article links these different outcomes to differential experiences while in college, expectations, and parental resources. As in the public sector, classed pathways operate to produce differential outcomes for students of small liberal arts colleges. The article also demonstrates the continuing role of family-based material resources after graduation, and how these are used to differentiate students even when holding similar amounts of social and cultural capital.