The graduation rate varies depending on a number of factors, including the type of college, the student's race or ethnicity, and their family income. For example, students who attend four-year public colleges have a higher graduation rate (68%) than students who attend two-year public colleges (33%). In addition, white students have a higher graduation rate (77%) than black students (38%) or Hispanic students (58%). Students from families with higher incomes also have higher graduation rates than students from families with lower incomes.
The lack of college graduates is a problem for the United States because it means that there is a shortage of skilled workers in the economy. In addition, college graduates earn more money on average than people who do not have a college degree, so the lack of college graduates also contributes to income inequality.
There are a number of things that can be done to increase the college graduation rate. These include providing more financial aid, making college more affordable, and improving academic advising and support services for students. By making it possible for more students to graduate from college, we can help to boost the economy and reduce income inequality.