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While society widely accepts the importance and value of higher education as a public good, fewer than 40 percent of our nation’s undergraduates complete a college degree within six years, according to the National Center for Education Statistics. This reality places pressure on college campuses to improve time to completion for their students.
Addressing the lengthy six-year timeline begins with a broad focus on increasing college completion rates. According to a report by California Competes, California needs to produce 11.9 million degrees – inclusive of bachelor’s degrees, associate’s degrees, and one- and two-year certificates – by 2025 to remain economically competitive. Currently, however, the state is slated to produce only 9.5 million degrees, resulting in a degree gap of 2.4 million.
But higher education institutions can narrow or close the degree gap by accelerating student pathways to completion.
Taking six years to complete college also contributes to higher student debt. Additional time spent earning a degree versus earning an income, along with the rising costs of college itself, reinforce doubts among many potential students as to whether they should aspire to earn a college degree. According to the Institute for College Access and Success (TICAS), 55 percent of 2014 California graduates had college loans, with an average of $21,382 per borrower. While this is lower than the national average, the high cost of living puts Californians at risk of exceeding the national average soon.
The California Legislative Analyst’s Office (LAO) is studying the issue more closely. In analyzing various options to reduce debt, the LAO is evaluating the advantages of the consolidating existing financial aid programs into one entitlement grant program that takes into account the total cost of college attendance, including tuition and fees, books and supplies, room and board, and transportation.
That includes the Cal Grant Program, Middle Class Scholarship, campus-based financial aid awards, and the California Community College Board of Governors Fee Waiver. The intent is to establish options that – once fully phased in – can ensure every student will be able to cover college costs with an appropriate family contribution for middle and higher income families, earnings from a part-time job, and federal financial aid for eligible students. While this is an important first step, the jury is still out on how financial aid consolidation into a single entitlement grant will remedy cost increases while maintaining equity throughout the state.
As higher education leaders, we believe the state’s colleges need to focus on key areas that directly contribute to a student getting a degree. And luckily, potential solutions are plentiful:
Some of these strategies are low-hanging fruit; others require more time and resources to make happen. However one thing is sure: if implemented, more students – and particularly more underserved students – will find themselves with degrees in hand.
The promise of California’s Master Plan for Higher Education was that college would be a benefit guaranteed to all Californians who sought to pursue it. If the impending gap in degrees is not addressed as a priority, we will be conscribing at least 2.4 million Californians to a future in which they will not contribute as fully or as meaningfully to their communities or to the state’s varied regional economies.
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Lande Ajose is senior vice president for the postsecondary and transitions to work program area at the The Opportunity Institute. Harry LeGrande is vice chancellor for student affairs at the University of California, Berkeley. Jamillah Moore is president of Cañada College. Wm. Gregory Sawyer is vice president for student affairs at California State University, Channel Islands.
The authors are all members of the California Student Aid Commission.
The opinions expressed in this commentary represent those of the authors. EdSource welcomes commentaries representing diverse points of view. If you would like to submit a commentary, please review our guidelines and contact us.
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Scott Petri 7 years ago7 years ago
This is an informative article. It would be nice to know if the 40% graduation rate has changed over time, or has it remained constant despite the increased tuition that has shifted the costs of college from the state to California families? Will less expensive college degrees be finished any faster? Texas has an affordable $10,000 Bachelor’s degree program using online learning and competency-based standards. Can that be replicated in the Golden State?