College graduation rates in public institutions have risen significantly over the past 15 years. Currently, bachelor education seekers earn 60.3% average graduation rates; out of all college students, however, the public graduation rate is 45%. This may come as a surprise to many given the fact that many colleges and universities have seen decreases in student enrollment over recent years. The increase in private college enrollment is mostly due to the fact that many parents are able to pay for the cost of tuition and other college expenses out of their own income. Nevertheless, public college graduation rates are still much higher than those of other private institutions.
One reason why the college graduation rate of non-traditional students seems higher is because of the challenges many non-traditional students face on campus – such as having to work while studying, balancing family and career, and dealing with a changing workplace culture. These challenges are especially common among nontraditional graduate programs like the Online MBA program. Many nontraditional students are less prepared for life after graduation than traditional graduates and thus do not feel the immediate sense of relief upon graduation day.
In order for the institution of higher learning to maintain its place in society and for our society to thrive, the graduation rates achieved by graduates from its colleges and universities must match or exceed the rate achieved by peers in comparable schools. Allowing a non-traditional graduate program like the Online MBA to achieve these exceptionally high rates is shortchanging our society and shortchanging our graduates. It is critical that all American universities meet the minimum statistical requirements necessary to achieve a satisfactory graduation rate for graduates from their programs. Simply stated, a nation’s “best” universities must be at least at 60% similar to peers in order to ensure adequate economic competition and prevent concentration of power in the hands of a select few. Without Fair Competition, our economy will stagnate or fail altogether. Please consider all this in 2021.