Below is excerpted from a keynote address that I delivered on November 8, 2016 at Texas A&M at Texarkana for its National Distance Education Week Mini-Conference
Right now in the US, nearly a quarter of all undergraduate students — 4.5 million — are both first generation and low income.
Of these students, only 11% earn a bachelors degree in under 6 years. That’s compared to the rest of the population, which sees students graduate at a national rate of 55%. What this means is that 89% of first generation, low income students stop out, perpetuating a widespread pattern of socio-economic inequality.
Since 1970, bachelors degree attainment among those in the top income quartile in the US has steadily increased from 40.2% to 82.4 in 2009. By contrast, those in the bottom two income quartiles have seen only slight improvements: under an 8 point increase for the bottom two quartiles combined. In the US, a bachelors degree means a difference in lifetime earnings of more than 66% compared to those with only high school. Continue reading