Study finds students at nonprofit colleges have 50-50 chance of graduating

The Hill reports today:

Students who start at four-year, nonprofit colleges only have about a 50-50 chance of graduating, according to a new report released Wednesday.

Third Way, a centrist think tank in Washington, studied students with loans at the colleges and found what it called “stunning levels of institutional failure.”

The report said private schools graduate only 55 percent of full-time freshmen with federal student loans within six years of enrollment, and students who fail to earn a degree within six years are unlikely to finish at all.

While colleges tout their programs as a path to a brighter future and a bigger paycheck, the report found just 63 percent of students earned yearly salaries and wages that exceeded $25,000 six years after graduating.

The full article is here.

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