The dropout rate varies significantly by class standing. According to NCES, the dropout rate for first-year students is typically highest, followed by a gradual decline in subsequent years. Here are the estimated dropout rates by class standing:
- First-year students: 25%
- Second-year students: 15%
- Third-year students: 10%
- Fourth-year students: 5%
It's important to note that these are national averages and the dropout rates can vary widely among different colleges and universities. Some institutions may have higher or lower dropout rates due to factors such as selectivity, academic support services, and financial aid availability.