The first bit of good news is that, according to the Clearinghouse, the national completion percentage – the share of college enrollees who achieve a 4-year degree within six years – improved last year.
That’s a dramatic and stable uptick with profound impacts not only on the economy and the value proposition of college but also for the financial stability of schools – more students staying in school longer boosts revenue.
For-profit 4-year schools also increased their attainment rates, though they continue to lag their peers considerably. Fewer than half – just 46.6% of students who enter for-profit colleges - get their degrees in six years or less. The secondary news of the transfer stabilization is mixed. Transfers among continuing learners was notably up 2.3% over the previous year. Younger transfer students – those 18-20 – also increased and have fully recovered from the 2020 declines. Good stuff.
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