Too Many Public Colleges are Dropout Factories

August 18th, 2016

Lanae Erickson Hatalsky & Tamara Hiler, Third Way via RealClearEducation


AP

Public colleges and universities play an essential role in unlocking the doors of higher education for many Americans. Today, more than 6.8 million students attend four-year public institutions, making up nearly two-thirds of the entire bachelor’s degree-seeking population in the United States.1 Close to two-thirds of all students attending these schools take out student loans in order to finance their education, with the average loan-holding student finding themselves more than $20,000 in debt four years later.2 And American taxpayers spend more than $10 billion dollars a year on federal Pell grants to help more than 2.7 million low- and moderate-income students attending these institutions afford a postsecondary education.3

 

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