Study: Low graduation rate means high cost to economy

Get that diploma or face the taxpayers!

Dear incoming college freshman,

Please, please stick it out and graduate. If you don’t, you’ll be costing me a fortune… literally.

Sincerely,
America

A new report released by the American Institutes for Research found that 40 percent of college students who begin their first year this fall will have failed to graduate within the next six years. That means massive losses on the part of taxpayers who shell out money for grants and other funding.

Researchers for “The High Cost of Low Graduation Rates: How Much Does Dropping Out of College Really Cost?” found losses of $566 million in federal income taxes just from the students who began school in 2002 and didn’t graduate:

Students who start college but do not graduate incur large personal expenses. They pay thousands of dollars in tuition, they likely take out loans, they change their lives, but they fail in one of the most important goals they have ever set for themselves. In the meantime, taxpayers pay billions of dollars in grants and state appropriations to support these students as they pursue degrees they will never earn.

In addition, students who don’t graduate also cause $3.8 billion in lost income and $164 million in lost state income taxes per year.

So you’re not just disappointing your parents if you don’t graduate– you’re disappointing the country.

Find more about graduating on EducationOption.


News
Entertainment
Sports
Lifestyle
Local

Memorial held for Sean Collier, MIT police officer…

More than 1,600 people gathered at MIT on Friday for a memorial service for Sean Collier, the police officer shot to death a year ago in the aftermath of the…

National

Florida man charged with murdering son to play…

A Florida man annoyed that his 16-month-old crying son was preventing him from playing video games suffocated the toddler, police said on Friday.

International

Powerful 7.2 magnitude earthquake rattles Mexico

A powerful earthquake struck Mexico Friday, shaking buildings and sending people running into the street, although there were no reports of major damage.

News

OMG! Exercise can make skin (and butt) look…

A moderate exercise regime can turn back time and actually reverse the skin's aging process, according to new research. The study showed that a minimum…

Entertainment

Whoopi Goldberg makes her debut as marijuana columnist

"It helps my head stop hurting, and with glaucoma your eyes ache, and she takes the ache out. It's wonderful," she said.

The Word

Kate Middleton made fun of Prince William's bald…

Kate Middleton and Prince William are in Sydney, Australia, right now, and it sounds like that brash Aussie sense of humor might be rubbing off.

The Word

Is Tom Cruise dating Laura Prepon?

"Mission: Impossible" star Cruise is said to be dating Laura Prepon, star of "Orange is the New Black."

Television

'Scandal' recap: Season 3, Episode 18, 'The Price…

Sally is Jesus, Olivia caused global warming, and Mellie's still drunk. Let's recap the Scandal finale. A church full of Washington insiders is about to…

MLB

MLB video highlights: Red Sox defeat Orioles, 4-2

Brock Holt the difference in the Red Sox' win

NHL

NHL video highlights & analysis: Red Wings dump…

NHL video highlights & analysis: Red Wings dump Bruins in Game 1

MLB

MLB video highlights: Orioles top Red Sox, 8-4…

John Lackey roughed up for second straight outing

MLB

MLB video highlights: Red Sox score two in…

Lester shines in Red Sox win over White Sox

Parenting

How to parent without gender stereotypes in a…

Christia Spears Brown, Phd. author of "Parenting beyond Pink & Blue" gives advice on raising kids free of gender stereotypes.

Tech

VIDEO: 'Vein-scanning' may become the future of paying

Designed to make transactions quicker and easier, the technology works by scanning the unique vein patterns in each person's palm.

Tech

#FollowFriday: 10 of the smartest Twitter accounts

Spending lots of time on Twitter? You might as well learn something. Here are some of the smartest accounts to follow.

Style

Light-up nail art syncs with phone

This Japanese technology syncs light-up nail art with your phone.