Today I Learn… I make a point of learning something new everyday. This is what I learn each day

1, Apr 18, 2013

The high dropout rate of US college students cost billions

Filed under: College — admin @ 12:51 am

I am all about college education now because my daughter is going for one of them this fall.

Last week I read this article written about a year ago, “11 Public Universities with the Worst Graduation Rates” by BLAIRE BRIODY, The Fiscal Times.

“Just 56 percent of college students complete four-year degrees within six years, according to a 2011 Harvard Graduate School of Education study. Among the 18 developed countries in the OECD, the U.S. was dead last for the percentage of students who completed college once they started it ― even behind Slovakia.”

“An American Institutes for Research report last year estimated that college dropouts cost the nation $4.5 billion in lost earnings and taxes.”

The reasons for college dropout ranges from the cost to unpreparedness. Even for those who complete college education, many of them are burdened with debt, equipped with few skills and employment opportunities. Some call America’s for-profit universities “dropout factories.”

This provides both parents and college-bound students a serious food for thought.

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