Oregon loses $35 million a year to college student failure, says American Institutes for Research
Published: Monday, August 22, 2011, 5:25 PM Updated: Monday, August 22, 2011, 6:08 PM
A new report today says the cost of college students who don’t make it to graduation in Oregon is about $35 million a year in lost income and taxes.
About 40 percent of students who enter Oregon’s colleges and universities drop out before earning a degree, and that failure costs the state about $35 million in lost income and taxes, according to a report released today by the American Institutes for Research.
Nationally, the institutes calculated that 493,000 students who started college in 2002 but failed to graduate within six years cost the nation about $3.8 billion in lost income, $566 million in lost federal taxes and $164 million in lost state taxes.
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