Nearly 30 percent of students do not finish high school. The dropout rate among African Americans, Hispanics, and low-income students is nearly 50 percent.
Only 42 percent of young people who enroll in college complete a bachelor’s degree by the age of 26. Just 12 percent complete an associate degree. Among low-income students, the bachelor’s completion rate is just 26 percent, while only about 14 percent earn an associate degree.
By 2018, 63 percent of all U.S. jobs will require some sort of postsecondary education.
In 2008, the average wage for adults 25 and older with a four year degree was $60,954, compared to $33,618 for those with only a high school diploma and $24,686 for those with no high school diploma.
Nearly 22 million new workers with postsecondary degrees will be needed by 2018, but it is estimated that the U.S. higher education system will fall short of that mark by 3 million graduates.
