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College Dropouts Lost $3.8 Billion in Income in 2011
February 27, 2012 by Steven Rothberg
Sixty-eight percent of those who dropped out of college in 2011 stated that they blamed financial circumstances and lack of time for dropping out. According to the Department of Education, only 50 percent of this year’s freshman will graduate within five years. As bad as that sounds, a staggering 59 percent of low-income students are expected to drop-out before earning their four-year degree and the disparity is growing between their rate and the 34 percent rate amongst high-income students.Sheila Danzig, founder of TheDegree.com said, “Students need to take advantage of what is available to them to ensure that they have the best chance at successful career. Many can test out of courses over a summer break and take less time to complete a degree.” Continue Reading
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U.S. College Dropout Rate Costing Universities and Taxpayers Billions
September 22, 2011 by William FriersonIt is not just college students who hurt themselves by not graduating; the economy is affected too.
As students across the country prepare to start their freshman year of college, more than 40 percent of them will not graduate within six years – costing billions of dollars in lost earnings for the students and millions of dollars in lost tax revenue, according to a new analysis by the American Institutes for Research (AIR). Continue Reading
