Full Citation

Title: The Economic Impact of Increasing College Completion

Citation Type: Miscellaneous

Publication Year: 2017

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Abstract: There is strong evidence that raising the level of attainment of higher education degrees has historically yielded long-run economic and social benefits in the United States. Yet investing in greater educational success is costly, because it involves sending more students to college for longer periods of time, and because further investment may be needed to improve attainment rates. In this report, we present a simple model of the long-run economic costs and benefits of improving attainment by increasing completion rates. Given the assumptions of our model, costs exceed benefits over a number of years, but economic returns later begin to kick in and eventually the program of investment yields a positive net economic return. Currently, only 61 percent of first-time, full-time students at four-year colleges complete their college degree within eight years, which is twice the normal time. As a result of these low completion rates, one-quarter of thirty- to fortyyear-olds who have attended some college, including both two- and four-year . . .

Url: https://www.luminafoundation.org/resources/the-economic-impact-of-increasing-college-completion

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Authors: Koropeckyj, Sophia; Lafakis, Chris; Ozimek, Adam

Publisher: American Academy of Arts & Sciences, Moody's Analytics

Data Collections: IPUMS CPS

Topics: Education, Other

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