Report from American Institutes of Research on the high cost of student attrition in higher education. Estimates that it costs states about $6.2 Billion annually in state appropriations, $1.4 Billion in student grants and another $1.5 Billion in federal grants when first year students don't persist to a second year of education.
Documents the size of potential earnings and tax revenues lost to federal and state governments associated with the large number of students who do not graduate from college. (American Institutes of Research, August 2011)