**Report Highlights**

**85%**of students graduate successfully from high school.- Only
**41%**of college students graduate from four-year institutions. - College dropout rates average at
**40%**each academic year for undergraduate students. - College dropout rates are
**20%**higher for male students in comparison to female students. **44%**of students who take part in a four-year college course manage to graduate within the first six years.- Public universities have a higher than average dropout rate of
**50%**. - The percentage of students who receive federal grants and manage to graduate is
**10% to 20%**lower in public universities than in private institutions. - Three (
**3**) in every ten (10) students drop out after or within the first year in college. **40%**of the college dropouts have parents who did not complete their higher education.

## College Dropout Statistics for Foster kids

- Foster kids have the smallest odds of making it through and graduating from college – only 8 to 10% of them do.
- When foster kids are given financial support, their graduation rate increases sharply to 44%.

## College Dropout Statistics Revolving Around Finances

- A college dropout earns 35% less than a college graduate per annum.
- A valued $3.8 billion is lost each year as a result of college dropouts.
- 55% of college students struggle to find financial support for their studies. Consequently, 51% of college dropouts drop out because of the lack of money.
- 79% of the students delay their graduations due to financial difficulties.

## College Retention Rates Statistics

Retention rates determine the proportion of students who come back to the same college in the next academic year.

- The average retention rate in American higher education institutions is 71%.
- Of the 57% of students who do not complete four-year colleges within six years, 33% drop out altogether.

At four year institutions, first time, full-time degree students had the following statistics in the 2017/ 2018 academic year:

- The general retention rate was 81%. Colleges and universities with open admissions had a retention rate of 62%. The institutions with an acceptance rate of less than 25% recorded a 97% retention rate.
- The institutions with the lowest acceptance rates (less than 25%) recorded the highest retention rates.
- In the least selective public institutions – with an acceptance rate of higher than 25%, there was a 63% retention rate.
- Public institutions that did not have an open admissions policy recorded a 97% retention rate.
- A 97% retention rate was also seen at private non-profit institutions without an open admissions policy.
- Private non-profit institutions with an open admissions policy recorded a 65% retention rate.
- Overall, private for-profit institutions had a 60% retention rate, with those with open admissions having a 5% lower retention rate.

At two year institutions, first time, full-time degree students had the following statistics in the 2017/ 2018 academic year:

- The overall retention rate for all the two-year institutions was 62%.
- The public institutions recorded an average 62% retention rate.
- For the private institutions, the for-profits averaged at a 66% retention rate while the non-profits had a 72% rate.

## Reasons for College Dropouts

- 38% of the students drop out of college due to financial shortcomings for their college education.
- 13% of the students find it hard to fit into the social life at college correctly.
- The lack of adequate support from the family contributes to 9% of college dropouts.
- 28% of the students drop out of college due to academic disqualification – failure to meet the set academic requirements.
- Mental, emotional, or psychological issues cause 3% of college students to drop out.
- Students who live far away from their college premises eventually drop out because of the distance. This is responsible for 4% of the college dropouts.
- 5% of the students who drop out cite health problems as the main reason for dropping out of college.
- 89% of students from the first generation in low earning families tend to drop out of college.

## Post-College Economic Comparison between College Dropouts and Graduates

- College dropouts earn an average of $21,000 less than the students who complete college and earn a degree.
- College graduates with a bachelor’s degree earn an average of $35 every hour.
- College graduates with an advanced degree, such as a master’s degree, earn an average of $45 per hour.
- College dropouts are twice as likely to live in poverty as compared to those who completed college and hold a degree.
- In 2017, College dropouts had an unemployment rate of 4%. This is higher than the average unemployment (3.6%) and higher than the rate of unemployment for graduates with bachelor’s degrees (2.5%).
- The median annual salary for college dropouts is $36,633 compared to $53,882 for a bachelor’s degree holder.
- For males, a college graduate earns an approximate $900,000 more in the median lifetime income than a male high school graduate.
- For females, a college graduate earns an approximate $630,000 more in the median lifetime income as compared to a female high school graduate.
- A family led by a college degree holder saves at a rate of 14% higher than a family headed by a college dropout.

## Student Loans and College Dropouts

With financial instability being a reason for 38% of the college dropouts, the following statistics indicate the statistics around loans for college students:

- In the 2020/ 2021 academic year, the first-year students’ limits stand at $5,500; the sophomores have a limit of $6,500, the juniors a limit of $7,500.
- In general, the total amount undergraduates can borrow is $57,500, while graduate students can borrow up to $20,500.
- The average college student leaves campus with a student loan debt of about $14,000.
- 60% of private student loan applicants apply without a co-signer, and only 5% of these students have their loans approved.
- 47% of the students default on their loans, while 53% of them cannot make the loan repayments as per the terms.

## College Completion Rates by Race

In 2017, the following were the six-year completion rate statistics for students who joined four-year courses:

- 63% of the students completed their degrees (the total completion rate).
- 50% of the students completed college at the same institution.
- 10% of the students completed their college degrees at different institutions.
- 24% of the students were no longer enrolled in any other institution.

For Asian students;

- 72% of the students completed their degrees.
- 61% of the students completed college at the same institution.
- 8% of the students completed their college degrees at different institutions.
- 14% of the students were no longer enrolled in any other institution.

For Black students;

- 46% of the students completed their degrees.
- 35% of the students completed college at the same institution.
- 7% of the students completed their college degrees at different institutions.
- 35% of the students were no longer enrolled in any other institution.

For Hispanic students;

- 55% of the students completed their degrees.
- 44% of the students completed college at the same institution.
- 8% of the students completed their college degrees at different institutions.
- 27% of the students were no longer enrolled in any other institution.

For White students;

- 67% of the students completed their degrees.
- 52% of the students completed college at the same institution.
- 11% of the students completed their college degrees at different institutions.
- 21% of the students were no longer enrolled in any other institution.

For students with more than one race;

- 61% of the students completed their degrees.
- 49% of the students completed college at the same institution.
- 9% of the students completed their college degrees at different institutions.
- 24% of the students were no longer enrolled in any other institution.

## College Dropouts Rates for Different Races

In two year colleges;

- 10% of Asian students drop out – this is the lowest figure.
- In comparison, 31% of black students, 18% of white students, 21% of Hispanic students, and 36% of Native American students drop out.

For full-time four-year college students;

- 35% of Asian students drop out – this represents the lowest percentage.
- In comparison, 52% of black students, 42% of white students, 40% of Hispanic students, and 53% of Native American students drop out.

## College Dropout Rates for Different Ages

Students who enroll for college under 20 years have a between 13% to 22% chance higher of graduating than those who joined college beyond 20.

In two-year college institutions:

- 5% of students at 19 years or younger drop out.
- For students between the age of 20 and 23, 51% drop out.
- The percentage of dropouts is 52% of the students between age 24 and 29 in colleges.
- 52% of students who are older than 30 years end up as dropouts.

For students attending four-year college institutions:

- 15% of the student aged 19 or younger drop out.
- The dropouts are just over a half (51%) of the students in the age bracket of 20 to 23 years.
- 52% of the students between 24 and 29 years drop out.
- 54% of students who are older than 30 years end up as dropouts.

## Sources

- Trends in College Pricing 2019
- Wages for workers with a high school degree or less rose the fastest over the last year.
- Types of Student Loans
- Understand how interest is calculated and what fees are associated with your federal student loan.
- Federal Government Publishes More Complete Graduation Rate Data
- The High Cost of Low Graduation Rates
- Eye-Opening College Dropout Rates & Statistics – 2021
- S. College Dropout Rate and Dropout Statistics
- National Center for Education Statistics, Table 326.10
- National Center for Education Statistics, Table 326.25
- National Center for Education Statistics, Table 326.30
- Characteristics of Postsecondary Students