Sharing and article 10/19/2016

The Biggest Crisis in Higher Ed Isn't Student Debt, It's Students Who Don't Graduate

Michael Crow

President at Arizona State University

There is a lot of talk these days about student debt and the challenges that families face managing this burden. Rightfully so, particularly at a time when too many families are struggling with flat wages and rising costs. But the discussion of a debt crisis often fails to address what I would argue is the greater crisis: the fact that more than half of those who start college fail to finish.

Think about it: Tens of millions of people in the US are saddled with student debt and have no degree to help pay it off. They won’t get the substantial return on their investment—graduates with a bachelor’s degree earn about $1 million more in additional income over their lifetime than those with only a high school diploma—and they typically have not developed the adaptive learning skills that will help them prosper in a rapidly changing economy.

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Dr Flavius A B Akerele III

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