If you're planning on attending college, chances are you're also planning on one day graduating. Depending on which school you choose, getting out in six years or less could be anything from a long-shot to a near certain bet. A new study has been published by the American Enterprise Institute comparing graduation rates among colleges based on selectivity ratings as part of an overall push for more accountability and transparency in higher education. In addition to discussing the gaps in graduation rates among schools, the study also lists some of the best and worst performers in each category by name. If you're a high school junior or senior just beginning to compare colleges, this could be good information to have.
Overall, the data show that about 53 percent of first-time college students at four-year universities graduate from the school they enrolled in as freshmen with six years. The study does not include non-traditional students or transfer students. Not surprisingly, students at the most selective schools, such as elite private colleges, were among the most likely to graduate from the school at which they initially enrolled. Six-year graduation rates at individual schools ranged from the single digits to nearly 100 percent across the whole spectrum of schools, with the most competitive category graduating nearly 88 percent of students on average, and the least competitive schools graduating only 35 percent of students.
Graduation rates also varied greatly within selectivity categories. Two schools in similar locations with similar ratings could have vastly different graduation rates. This is where the study becomes particularly useful for students choosing between schools. If you have a roughly equal chance of getting into two colleges, and one graduates a significantly larger percentage of students then the other, it's not hard to imagine that having this information might influence your decision of which school to apply to or attend. You can read more over at Inside Higher Ed, which also includes a link to the full study. Along with things like available financial aid and quality of on-campus housing, graduation rates are definitely something to consider incorporating into your criteria for your college search.