Compared to students with only a high school education, college graduates earn significantly more money throughout their lifetime, receive benefits and better career opportunities, and enjoy greater job security and satisfaction, making it vital for schools to understand how to help their students reach graduation.
With only 45% of students graduating from college, the United States’ graduation rate lags behind that of most developed countries. According to the Organization for Economic Cooperation and Development (OECD), U.S. college graduation rates rank 19th out of the 28 countries studied. The average dropout owes upwards of $7,000 with no diploma to show for their education.
The college dropout epidemic is causing students to become burdened by significant debt, lose precious time, and earn less in their careers than their counterparts with degrees, making this a critical issue for schools to address.