More high school grads than ever are going to college, but 1 in 5 will quit

"Students who are the first in their families to go to college are the most affected. Three years after enrolling, one-third had quit, compared to about a quarter of students whose parents have a university degree, the Education Department reports."

"Dropouts cost colleges a collective $16.5 billion a year in forgone tuition revenue, one study found."

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