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Posted February 27, 2012 by

College Dropouts Lost $3.8 Billion in Income in 2011

College dropout t-shirtSixty-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.” (more…)