"In 2013, 77% of adults from families in the top income quartile earned at least a bachelor’s degree by the time they turned 24, up from 40% in 1970"So the college graduation rate for the upper quartile is 8.5 times higher than for the bottom quartile (because 77/9 is about 8.5).
"In the lowest income quartile, 9% of people earned a bachelor’s degree by age 24 in 2013, up from 6% in 1970."
"Forty-five percent of dependent 18- to 24-year-olds from the lowest income quartile—with family income of $34,160 or less—enrolled in 2012, up from 28% in 1970. The enrollment rate of the highest-income students—with family income of $108,650 or more—also rose, to 81% from 74%, so the gap in enrollment between the two groups shrank.
Still, most low-income students who pursue degrees fail to make it to graduation. About one in five students from the lowest income bracket completed a bachelor’s degree by age 24 in 2013, about flat with the 1970 figure. Among students from top-earning families, meanwhile, 99% of students who enrolled completed their degrees, up from 55% in 1970, the report said."
Wednesday, February 18, 2015
Study Finds Wealth Gap in Graduation Rates
By Melissa Korn of the Wall Street Journal. Excerpts: