College Drop outs Are Costly

August 30th, 2011

An American Institutes for Research report found that 493,000 students began college nationally in 2002 but did not earn a degree within six years, losing an estimated $3.8 billion in earnings in 2010, which would have generated more than $164 million in state income taxes. Virginia potentially lost more than $7.3 million in state income-tax revenue in 2010 due to college dropouts. (Richmond Times-Dispatch, 08/22/11)

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