Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Only 35% of People in the US will Graduate in 4 years

24 Jul 2024 · 1 min

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A YouTube video (uploaded by Richard Canfield) arguing that U.S. higher education has low on-time graduation rates and functions as a large, resource-rich market with a business model that perpetuates a misleading "go to school" narrative. Speaker states that only 35% of college students graduate in 4 years and 54% in 6 years, notes the U.S. has roughly 4,000 degree-granting institutions (about 20% below a high-water mark around 2010–2012), and contrasts institutional resources (endowments, budgets) with student outcomes.

Questions this video answers

35% (speaker's claim).

54% (speaker's claim).

Roughly 4,000 degree-granting institutions (speaker's claim).

About 20% below the high-water mark around 2010–2012 (speaker's claim).

About 350 colleges in Canada (speaker's claim).

Chapters

Most people don't know this but only 35% of college students will actually graduate here in the US within four years. Only 35%, only 54% will graduate in six years. Yet we don't talk about that in America. We say go to school, get good grades and you're going to get a safe secure job and live happily ever after. And everybody knows that dream is a total nightmare. And I began to see how does this business model work because higher education in the U.S. alone here in Canada you have about 350 colleges here in the U.S. by the way the numbers are going down. We're about 20% below the high water mark around 2012, 2010 there are roughly 4000 degree granting institutions and every one of them has an endowment, has a budget, has money, has capital, has resources. So one of the things that you want to understand is that okay when you have a community, a market that big it's quite significant.