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)


2 Responses

  1. But what about college drop outs like Bill Gates,Steve Jobs and Mark Zuckerberg?? They are probably the richest dropouts! 😉

  2. It’s hard to monitor these kinds of students. It is not rare that these happens and it’s hard to resolve this because you can’t stop students from dropping out. Maybe there should a penalty to those who dropped out?

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