2. Increased Debt Burden: Students who drop out often still owe significant amounts in student loans without the increased earning capacity to repay them. This can lead to financial stress and hinder future financial stability.
3. Limited Career Options: Many jobs require or prefer a college degree. Dropping out severely limits career choices and may confine individuals to lower-paying, less fulfilling jobs. This can also make career advancement difficult.
4. Decreased Life Satisfaction: Studies suggest a correlation between higher education and greater life satisfaction. Dropping out can lead to feelings of regret, frustration, and a sense of unfulfilled potential, negatively impacting overall well-being.