Sending your kids of to college can be a very exciting for the entire family. Unfortunately it takes more than having good grades to make it through college. Finances play a bigger role in a student’s education.
More than 40 percent of American students who start at four-year colleges haven’t earned a degree after six years. If you include community-college students in the tabulation, the dropout rate is more than half, worse than any other country except Hungary. Rich students have a better chance at graduating on time than their less privileged peers. The statistics indicate about a quarter of college freshmen born into the bottom half of the income distribution will manage to collect a bachelor’s degree by age 24, while almost 90 percent of freshmen born into families in the top income quartile will go on to finish their degree.
At the beginning of student’s college careers there needs to be more guidance and intervention because it is not an easy transition from High School. Students should reach out for academic help right away and not wait to fall behind.
Picture by blackenterprise.com