The majority of students who graduate with college degrees aren't completing them on time - finishing a four-year degree in four years or a two-year degree in two years. Is this a problem? Are the times a changin'? Should we be looking at this through a different lens? If you or someone you know is thinking about pursuing a college degree, this reality can significantly impact your experience.
According to the National Student Clearinghouse Research Center's Signature Report, “Time to Degree: A National View of the Time Enrolled and Elapsed for Associates and Bachelor’s Degree Earners” published in September 2016, and other reputable sources, students are taking longer to complete their 2 year and 4 year degrees.
“Half of all bachelor’s degree earners from 4-year public institutions finished their degree within 6 or more academic years of enrollment.”
This costs the student, on average, about $22,000 (for tuition) plus an average loss of about $50,000 (yearly income) - that's a $72,000 financial hit for every additional year in college. Of course, these amounts vary based on industry, major and position.
Some of the reasons behind this enrolled and elapsed time include:
Play It Smart, Plan From the Start
Planning ahead is essential to ensure you finish your degree on time. Knowing what you want and why you decided to attend college, AND being committed to that what and why is a big, first step to laying a strong foundation from which to launch.
Here are a few great sites to visit to help you begin creating a solid plan BEFORE you apply to college:
GA Futures - https://www.gafutures.org/ (for Georgia residents)
College Navigator - https://nces.ed.gov/collegenavigator/
College Board – https://www.collegeboard.org/
Net Price Calculator - https://collegecost.ed.gov/netpricecenter.aspx
U. S. Department of Education College Affordability and Transparency Center - https://collegecost.ed.gov/
Take a peek at RobbiCrawford.com where you'll find a resource hub of freebies and paid services for students and families eager to play the college game better.
Sign up for an Introductory Consultation, available for students, parents and caring advocates. Let's discuss your biggest challenge right now and some next steps to get you moving in your desired direction. If you need additional support, we'll create a plan tailored to your specific needs.
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