Fact Sheet: Helping More Americans Complete College: New Proposals For Success
At a time when the economy is changing faster than ever before, real opportunity requires that every American get the postsecondary education and training they need to find a good-paying job. President Obama believes that we must help many more Americans graduate from college. Still, far too many students never complete their degree — only 60 percent of those enrolled in a bachelor's degree program complete their education. Even for those who do complete, at least a third take longer than expected to graduate, forcing them to carry additional costs and leave school with higher debt burdens. The consequences of not completing college are especially severe for students who leave school with debt; borrowers who drop out of college face a three times greater risk of defaulting on their student loans compared with those who graduate.
Building on this record of progress, the Administration is calling for significant new investments in the federal Pell Grant program—the cornerstone of college affordability. The two new Pell proposals will help students to accelerate progress towards their degrees by attending school year-round and encourage students to take more credits per term, increasing their likelihood of on-time completion. In fiscal year 2017, these changes would mean an additional $2 billion in Pell Grants for students working toward their degrees. Read more and listen to audio here…
http://www.ed.gov/news/press-releases/fact-sheet-helping-more-americans-complete-college-new-proposals-success
At a time when the economy is changing faster than ever before, real opportunity requires that every American get the postsecondary education and training they need to find a good-paying job. President Obama believes that we must help many more Americans graduate from college. Still, far too many students never complete their degree — only 60 percent of those enrolled in a bachelor's degree program complete their education. Even for those who do complete, at least a third take longer than expected to graduate, forcing them to carry additional costs and leave school with higher debt burdens. The consequences of not completing college are especially severe for students who leave school with debt; borrowers who drop out of college face a three times greater risk of defaulting on their student loans compared with those who graduate.
Building on this record of progress, the Administration is calling for significant new investments in the federal Pell Grant program—the cornerstone of college affordability. The two new Pell proposals will help students to accelerate progress towards their degrees by attending school year-round and encourage students to take more credits per term, increasing their likelihood of on-time completion. In fiscal year 2017, these changes would mean an additional $2 billion in Pell Grants for students working toward their degrees. Read more and listen to audio here…
http://www.ed.gov/news/press-releases/fact-sheet-helping-more-americans-complete-college-new-proposals-success
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