Financial aid fix may reverse college dropout crisis

An influential group of college presidents, civil rights leaders and advocates sponsored by the Bill & Melinda Gates Foundation is highlighting what it calls a growing higher education dropout crisis and seeks to fix it in part by linking financial aid with successful graduation, the Huffington Post reports.

“Education is an economic issue,” Marc Morial, president of the National Urban League and a member of the coalition, said in a statement. “We have to build a more equitable system of higher education to make us more competitive in the world economically.”

The group’s report, released Thursday and called “The American Dream 2.0,” said 46 percent of America’s college students and 63 percent of African American students don’t graduate college within six years. Changing the $226 billion financial aid system may help improve that, the report said……Read More

Why college students stop short of a degree

Aspiring journalist Fruzsina Eordogh dropped out of Loyola University Chicago last spring, just a few classes shy of graduating, Reuters reports. Saddled with $50,000 in student loans, she decided that spending more time in class would derail her from pursuing opportunities in the job market. Eordogh, now 26, has worked full-time since June as an online reporter at the Daily Dot, a digital publication covering internet culture, and is chipping away at her financial obligations even as many of her former classmates have gone on to graduate school.

“I’ve never had a job in journalism that required me to show my diploma,” says Eordogh, who has written for outlets ranging from AOL.com to True/Slant (now part of Forbes.com). She is hardly unique. There are some high-profile cases of dropouts-made-good like Bill Gates, Steve Jobs and Mark Zuckerberg, but the majority are not so fortunate…

Click here for the full story…Read More