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A substantial amount of taxpayer money goes toward maintaining the prisons. And, in 2004, each high school dropout was responsible for nearly $100,000 in health-related losses. [18] Because of these factors, an average high school dropout will cost the government over $292,000. [4]
The Detroit Free Press [15] claimed that the college graduation gap for low income students has reached an all-time high. Therefore, less fortunate children who attend schools in worse school districts have less of a chance to graduate college - thus significantly limiting their future opportunities.
Even lacking a high school diploma, this young go-getter was able to land a medical secretary job paying $12 an hour. (In annual terms, that's equivalent to about a $24,000 salary).
A college degree's declining value is even more pronounced for younger Americans. According to data collected by the College Board, for those in the 25–34 age range, the differential between college graduate and high school graduate earnings fell 11% for men, to $18,303 from $20,623. The decline for women was an extraordinary 19.7%, to ...
While the unemployment rate for four-year college graduates stands at about 4.5 percent, joblessness among those with only a high school diploma is nearly six times that -- 24 percent, according ...
The potential of losing millions of young people from schools could consign an important part of the next generation to the margins of the economy.
It cannot always be ascertained that a student has dropped out, as they may stop attending without terminating enrollment. It is estimated 1.2 million students annually drop out of high school in the United States, where high school graduation rates rank 19th in the world. [3]
A 44-year-old Florida man is making local headlines for his unconventional approach to getting out of student loan debt: a legal loophole.