Students who drop out of community college before their second year have cost taxpayers nearly $1-billion annually, says a report released today by the American Institutes for Research.
From 2004 to 2009, the study found, federal, state, and local governments spent almost $4-billion in student aid and appropriations to community colleges that benefited full-time, first-year students who never made it to graduation day.
“There’s a lot of institutional failure here,” Mark Schneider, who is vice president of the organization and the author of the report, said at a news conference. “We can’t keep pouring money into these institutions without figuring out how to make them better.”
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