Category Archives: College Completion

Study: Extra Years in College Cut into Income, Retirement

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In just a few short months, a new crop of freshmen will begin their college journey.

For first-year students, four years may seem like more than enough time to pick a major and earn a degree.

But national data shows that roughly one in five students take longer to complete college. And each extra year cuts into their lifetime earnings and retirement savings, according to an analysis by NerdWallet — a San Francisco-based consumer finance company.

“Taking six years to get a four-year college degree can cost students up to almost $300,000 in tuition, interest on loans, and forgone income and retirement savings,” the report notes.

Continue reading Study: Extra Years in College Cut into Income, Retirement

Survey: College Grads Concerned about Finances

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Graduation is fast-approaching, and a new national survey suggests that college seniors are worried about money.

Researchers with Barnes & Noble College interviewed 312 graduating seniors in April. Here’s what they found:

  • Salary is important to job-seeking graduates, with 44 percent of respondents citing pay as their top priority in the job hunt.
  • Forty-eight percent of respondents are worried about student loans.
  • And 68 percent of students listed “earning enough money” as a top concern.

Continue reading Survey: College Grads Concerned about Finances

Pay Less for College? Sure, if…

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Editor’s note: A version of post was first published on Counselors’ Corner.

Spring is a season of mixed emotions for school counselors. As students come in to share the exciting news of college acceptances and generous scholarships, an equal number of families come in with questions that are harder to answer:

“What more were they looking for?”

“Don’t they know this isn’t enough to cover my needs?”

“Why does college cost so much?”

It turns out this last question has a pretty clear answer—it’s complicated, but it’s clear.

“It doesn’t have to cost this much, if you start at a community college and transfer.”

Continue reading Pay Less for College? Sure, if…

Report: Rural-Urban Gap in College Completion Grows

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The rural-urban gap in college completion continues to grow, with fewer than one in five adults in rural communities holding a four-year degree, according to a new report from the United States Department of Agriculture.

“Between 2000 and 2015, the share of urban adults with at least a bachelor’s degree grew from 26 percent to 33 percent, while in rural areas the share grew from 15 percent to 19 percent,” report authors note. “Therefore, the urban-rural gap in the share of adults with bachelor’s degrees grew from 11 to 14 percentage points.”

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IHEP Launches #CollegeNotPrison Campaign

ihepvideoA new public awareness campaign seeks to bring attention to the financial aid barriers justice-involved youth face when pursuing higher education.

#CollegeNotPrison — a initiative of The Institute for Higher Education Policy (IHEP) — made a splash on social media this week with a short video sharing the story of Alton Pitre.

As a teen, Pitre was arrested for a crime he didn’t commit. He spent nearly two years behind bars before the charges were dropped and the case was dismissed.

Pitre, now a senior at Morehouse College (GA), is an advocate for criminal justice reform. He also speaks out about the need to make college affordable for more young people. In the video, Pitre, 25, notes that while a college education offers great long-term rewards, cost keeps many young people from completing a degree.

Continue reading IHEP Launches #CollegeNotPrison Campaign

Report: Many Community College Students Struggle Financially

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The majority of community college students live paycheck to paycheck, and nearly half say a lack of finances could cause them to leave school, national survey results show.

The findings — included in a new report from the Center for Community College Student Engagement (CCSE) — underscores the role finances play in educational attainment.

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Utah Pilot Program Would Expand Housing Options for Low-Income Students

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Lawmakers in Utah are considering a pilot program to help low-income college students secure housing that’s both convenient and affordable.

The bill — sponsored by Republican state Rep. Mike Winder — would provide eligible students with a place to live near their college campus.

Residents would not have to dip into student loan funds to pay for housing. Instead the program would be largely supported by public funds and private donors.

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Could Big Data Help Raise College Grad Rates?

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A growing number of colleges are using student data to identify and assist struggling undergrads, according to a recent New York Times report.

Georgia State University, the University of Arizona, and Middle Tennessee State are among institutions using analytics in an effort to boost student retention and graduation rates.

Continue reading Could Big Data Help Raise College Grad Rates?

Panel Discussion Explores Future of Community Colleges

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How has the community college sector evolved in recent years? What are the challenges such institutions will face in the future? These were just some of the questions addressed during a recent Urban Institute panel discussion — “Community Colleges since the Great Recession.”

The panel, comprised of Urban Institute researchers as well as various community college stakeholders, discussed a number of issues including college financing and Pell grants, indicators for measuring institutional success, and efforts to increase ties between colleges and employers.

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New Alliance Formed to Address College Access

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A group of 30 selective colleges has launched a new alliance aimed at expanding access to postsecondary education.

The American Talent Initiative (ATI) — whose founding members include several Ivy League and public flagship universities — seeks to bring a total of 50,000 low- and moderate-income students to universities with graduation rates of least 70 percent by 2025.

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