![]() Males are 20% more likely to drop out than females.With that said, some students are less likely to complete college than others. This means that every student should not only receive the skills needed to find employment, but also the skills needed to obtain financial health. Focused AttentionĮvery student deserves to leave college with the best chances of success. A FINRA study 6 found that when college students are provided with financial education, they were less likely to drop out and had lower student loan delinquencies after graduation. Partnerships with banks for student-friendly credit cards.Workshops and other events about personal finance.Their top five things they’d like to see from their higher education institutions include: What Can Be DoneĪn Inside Higher Ed study of college students found that only four in ten students believe their financial knowledge is good or excellent 5. Just over two-thirds of students who drop out of college do so because of money, while 79% of delayed graduations are due to financial difficulties. Students drop out for a variety of reasons including the inability to fit in socially, lack of family support, poor grades, health and mental health issues, and homesickness. 30% of enrolled students drop out in the first year.Only 41% of college students graduate in 4 years or less. ![]() Why Students Drop OutĪ recent ThinkImpact study’s dropout statistics are alarming 4: This is best done via a student financial wellness program. The best way to help students is to show them the value of their education, discover ways to finance it, and help them understand their loans and the repayment process. A recent survey by the Association of American Colleges and Universities and Bipartisan Policy Center found that four out of ten college graduates don’t believe their degree was worth the cost 3.Īs the cost of college rises and the burden of student loans increases, more students drop out of college, fueling the idea that getting an education isn’t worth it. This comes out to about $1 million more over the course of a career 1. The College Board shows that graduates earn 73% more than those only completing high school, while those with advanced degrees earn two to three times more. The benefits of getting a college degree are sound.
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