Three Ways that Financial Aid Can Improve Student Retention

Around this time of year, incoming college freshman are completing their back-to-school shopping and planning their first semesters away from home. Research by ThirdWay suggests that at the average public institution, less than half of first-time, full-time students graduate within six years. Further studies indicate that student attrition is extremely costly. The Educational Policy Institute studied the cost of a single year of student attrition in 1,669 colleges and universities and found that they collectively lost $16.5 billion due to student attrition, with the average school losing nearly $10 million.

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