Wednesday, December 7, 2016

A huge and stubborn reason, still unsolved, that students go into so much debt - Jon Marcus, Hechinger Report

Some policymakers can’t believe that universities and colleges still haven’t worked out a way of accepting each others’ credits, a problem the National College Transfer Center estimates wastes $6 billion a year in tuition and is a little-noticed but major reason students go deep into debt or never graduate. The proportion of students who transfer is at record levels. More than two-thirds who earn bachelor’s degrees from four-year institutions today have changed colleges at least once, according to the National Student Clearinghouse Research Center, which estimates that an average of about 342,860 students change schools each year. Yet the U.S. Department of Education says the average transfer student still loses 13 credits already earned and paid for.

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