Study: Lingering in college is costly

The vast majority of Hoosier college students fail to complete their degrees on time, costing them and their families thousands of dollars in extra tuition and lost earnings, according to new data from Complete College America and the Indiana Commission for Higher Education.

Complete College America, an organization led by former Indiana education commissioner Stan Jones, released a national report on the issue titled “The Four Year Myth” in December. Nationally, at public four-year institutions, 36 percent of full-time students at flagship campuses graduate on time. In Indiana, it’s 42 percent.

An extra year costs $22,826 in tuition and fees, room and board, books and supplies, transportation, and other expenses. In addition, students give up more than $45,000 in lost wages.

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