Why High Dropout Rate is Everybody’s Problem
(Daily Finance) — When students drop out of college, it’s not just disappointing for them and their parents — it’s also bad news for Uncle Sam, and even for their next-door neighbors. A new study from theAmerican Institutes for Research examined the outcomes for more than 1.1 million full-time students who entered college in 2002 with the best intentions of getting a bachelor’s degree. AIR says nearly 500,000 did not graduate within six years. The quitting spurt is expensive: AIR says those dropouts cost the nation $4.5 billion in lost income, and lost federal and state income taxes.