From the Institute of Education Sciences:
What are the graduation rates for students obtaining a bachelor’s degree?
The 2011 graduation rate for full-time, first-time undergraduate students who began their pursuit of a bachelor’s degree at a 4-year degree-granting institution in fall 2005 was 59 percent. That is, 59 percent of full-time, first-time students who began seeking a bachelor’s degree at a 4-year institution in fall 2005 completed the degree at that institution within 6 years.
Did you catch that? Only 60% of students who started school in 2005 had completed their degree by 2011. Which means that 2 out of 5 students who began at a four year school in 2005 didn’t finish in six years. (Note: if you don’t understand how I got the 2 out of 5 students, you might be one of those students who didn’t finish).
This is in line with what I have experienced as an instructor, except that I would say that the 60% completion rate is too high. It includes people majoring in such tough areas as Sociology, Criminal Justice, and (name your favorite minority group) Studies.
From my experience, at least half of the students who took my class at the university had no business being in college. They were either unprepared for college coursework, didn’t want to be in school at that time in their lives (I know I wasn’t ready when I was 18, and I was an honor student), or they were just too stupid and shouldn’t have been admitted in the first place.
These scenes are repeated more often than you would think in real life:
Don’t waste your time and effort taking out student loans in order to get a worthless degree. A better bet is to go to a community college or tech school and get a certificate or degree in one of the trades. It’s a lot cheaper, and nursing and plumbing will get you farther in today’s economy than a Masters degree in Women’s Studies.
H/t to Captain Capitalism for the photo.