Published in the Washington Post | September 16, 2016
Incomes aren’t the only thing not keeping pace with rising tuition. Neither are scholarships.
By Jeffrey Selingo
When you look at the national statistics on college graduation rates, there are two trends that stand out.
The first is that there are many students who start college but never get their degree. More than 40 percent of students who start at a four-year college leave without a credential. What’s more worrisome is that the largest share of Americans with some college credit and no degree are young adults. There are some 12.5 million 20-somethings with college credit and no credential, according to the National Student Clearinghouse.
The second trend is that whether students graduate or drop out of college depends almost entirely on one factor: their parents’ income. Children from families who earn more than $90,000 a year have a 1 in 2 chance of getting a bachelor’s degree by age 24, but that falls to a 1 in 17 chance for those earning less than $35,000.