%
of undergrads drop out during their first year*
%
of schools provide a 100% tuition refund**
average annual cost per student*
The True Cost of College Tuition
We all know the price of pursuing higher education has skyrocketed in the past few decades, more than doubling in just 20 years. One year of college tuition plus books, supplies, and daily living expenses averages to about $36,463* – the price of a new car or a down payment on a house.
What you might not know is that a significant number of students are stuck paying that amount even if they’re forced to withdraw or drop out, which makes it extremely difficult to return to school once they’re ready.
As a result, only about 2%* of college dropouts in the United States re-enroll the following semester. This can have a large impact on their earning potential, with dropouts making an average of 35%* less income compared to those with bachelor’s degrees.
*educationdata.org
**HigherEdStudy
We know many students face financial strain when they withdraw after the deadline and are left with financial burdens if they are not able to complete.
Find out how Kaleidoscope, a leading Full-Cycle Scholarship Platform, supports their students with Tuition Protection
