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College graduation rates: Income really matters
- 11-29-2011
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By Tami Luhby/CNN
It's getting more difficult for low-income students to climb the economic ladder as the college graduation gap between the rich and poor grows. While more students from all backgrounds are finishing college, the difference in graduation rates between the top and bottom income groups has widened by nearly 50% over two decades. And since education is a key driver of upward mobility, this gulf means that it's even harder for the poor to prosper. Some 54% of students from wealthy families obtained bachelor's degrees, said Martha Bailey, an assistant economics professor at the University of Michigan. But only 9% of low-income students got college diplomas. (more...)
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