Financial Barriers to College Completion

Abstract

A college education has become increasingly important in the United States. By 2020, analysts predict that 45% of all jobs in the U.S. economy will require a college degree. Yet, at current completion rates, the U.S. will face a shortfall of 5 million college educated workers by 2020. For many of those who wish to pursue a college degree, increasing costs and inadequate financial aid present significant barriers—especially for the poorest Americans. This report points out the financial barriers to college completion.