Finishing the First Lap: the Cost of First-Year Student Attrition to Universities | Spa... - 0 views
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George Mehaffy on 13 Nov 10"November 8, 2010 Finishing the First Lap: the Cost of First-Year Student Attrition to Universities American Institutes for Research Nationally, only about 60 percent of students graduate from four-year colleges and universities within six years-and students alone don't pay the price. This American Institutes for Research report examines the high costs to universities, states and the federal government associated with students who do not return for a second year at the college where they first enroll. According to an analysis by AIR vice president Mark Schneider, more than $9 billion was spent by state and federal governments to support students at four-year colleges and universities who left school before their sophomore year during a five-year period. In Finishing the First Lap: The Cost of First Year Student Attrition in America's Four Year Colleges and Universities, AIR researchers analyzed 2003-2008 data from the federal Integrated Postsecondary Education Data System (IPEDS) and found that the 30 percent of first-year college students who failed to return to campus for a second year accounted for $6.2 billion in state appropriations for colleges and universities and more than $1.4 billion in student grants from the states. Additionally, the federal government provided $1.5 billion in grants to these students. The study did not examine community colleges, where first-year dropout rates are even higher. With high dropout rates, come high losses in state monies: The report found that thirteen states posted more than $200 million of state funds lost to students dropping out before the second year of college. The study did not look at the costs to taxpayers of students who drop out sometime after their sophomore year. "Finishing the First Lap" serves as the foundation for a new interactive website, CollegeMeasures.org, which is a joint endeavor by AIR and Matrix Knowledge Group to help improve outcomes and performance among higher education institutions.