Earlier this fall, a Johns Hopkins study found that only 6 percent of Baltimore City's High School Class of 2004 graduated from two-year colleges within six years. Why are so few students graduating from these two-year colleges? The Hopkins researchers suggested that perhaps the city schools are pushing students into two-year programs because it's easier and cheaper. These schools, however, do not serve their students very well. On the other hand, 34% of the Class of 2004 graduated within six years from four-year colleges.
But another reason is also likely playing a factor. Although two-year schools are generally more affordable than four-year colleges, students going to college from predominantly low-income urban school systems probably have to take out loans to finance their education. But because low-income students are generally averse to debt, it's more likely that these students would adopt risky behaviors to minimize the amount of loans they need to take out. If students choose to delay enrollment after high school, enroll college part-time, or work full-time, then they become more at risk for not completing their degrees. This was what I discovered in my new report, entitled Degreeless in Debt: What Happens to Borrowers Who Drop Out, recently released from Education Sector, an education policy think tank in D.C.
To read more about the Hopkins study, click here.
To read more about my new report, click here.