The Miserable Odds of a Poor Student Graduating From College (in 2 Graphs)

Just 29 percent of the poorest students ever enroll, and only 9 percent ever finish.

As we frequently like to point out here at The Atlantic, going to college is perhaps the single best financial decision a young adult can make. But there's a catch: you have to graduate. If not, the costs can easily swamp the benefits. 

And that is one of the most important reasons why, in many ways, America's higher education system does more to deepen class divisions than it does to bridge them. Because the truth is that compared to their richer classmates, low-income students have only a faint hope of ever graduating from college if they even get there.  

The two graphs below, from a recent report by Third Way, and based on major longitudinal studies of American youth, show how wide that gulf is. The blue dotted line tracks the youngest Baby Boomers, while the red line looks at the oldest Millennials. First, note that between the generations, the rich-poor attendance gap grew from 39 percentage points to 51 percentage points. 

Fraction_of_Students_Entering_College_Third_Way.JPG

But graduation rates are perhaps even more appalling. Just 9 percent of students from the poorest families complete a degree -- meaning less than a third who ever enroll make it to commencement. By comparison, 54 percent of the most wealthy students earn a diploma, meaning they have about a two-thirds success rate. 

Fraction_of_Students_Completing_by_Income_Third_Way.JPG

Poor preparation may play a role here, but so do finances. Many low income students attempt to work their way through school without debt, which puts them at a greater risk of dropping out. Others find themselves financially overwhelmed even with the help of loans. Bottom line: For Americans of a certain class, college is a basic rite of passage. For many more, it's a roll of the dice. 

Presented by

Jordan Weissmann is a senior associate editor at The Atlantic.

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register with Disqus.

Please note that The Atlantic's account system is separate from our commenting system. To log in or register with The Atlantic, use the Sign In button at the top of every page.

blog comments powered by Disqus

Video

A Stop-Motion Tour of New York City

A filmmaker animated hundreds of still photographs to create this Big Apple flip book

Video

The Absurd Psychology of Restaurant Menus

Would people eat healthier if celery was called "cool celery?"

Video

This Japanese Inn Has Been Open For 1,300 Years

It's one of the oldest family businesses in the world.

Video

What Happens Inside a Dying Mind?

Science cannot fully explain near-death experiences.

More in Business

Just In