Thursday, November 20, 2014
Graduation Rates and Student Financial Aid
According to new data released by the National Center for Education Statistics (NCES), when the time period in which students were tracked for program completion was extended from within 100 percent of normal time to within 200 percent of normal time, graduation rates for undergraduates who were full-time, first-time students in 2009 increased from 20 percent to 37 percent at 2-year institutions and from 43 percent to 69 percent at less-than-2-year institutions.
Graduation Rates for Selected Cohorts, 2005-10; and Student Financial Aid in Postsecondary Institutions, Academic Year 2012-13 presents findings from the winter 2013-14 data collection of the Integrated Postsecondary Education Data System (IPEDS) from the NCES within the Institute of Education Sciences (IES).
Other findings include:
• Approximately 59 percent of full-time, first-time students at 4-year institutions in 2007 who were seeking a bachelor’s or equivalent degree completed a bachelor’s or equivalent degree within 6 years at the institution where they began their studies.
• Among full-time, first-time degree/certificate-seeking undergraduate students awarded any grant aid, differences in average cost of attendance and net price of attendance for the 2012-13 academic year varied by institutional sector. For those attending public 4-year institutions, average cost was approximately $18,800 and net price was about $12,000; for those attending nonprofit 4-year institutions, average cost was roughly $36,100 and net price was about $21,000; and for those attending for-profit 4-year institutions, average cost was approximately $26,900 and net price was about $21,700.