Education Week reports on some sobering statistics about college, courtesy of information from the U.S. Department of Education:
- One-third of people who start a college education still haven’t finished it six years later. In other words,
- Slightly more than one-third of all students–36 percent–finish their degree within 4 years of starting it.
- Only 25% of people who start a two-year program at a community college are finished with it after 3 years.
- “It now takes the majority of students at least six years to earn a bachelor’s degree.” I don’t know if that means if a majority of all students who start actually finish, and take on average 6+ years (bad enough) or if it means that of those who actually do finish, a majority take 6+ years (even worse).
Despite the considerable drop-out rate, President Obama wants to encourage even more people to try college: “It’s essential that we put a college degree in reach of everyone who wants it.”
Are we witnessing a “higher-education bubble?”