Fewer than 1 in 3 college students graduate on time in Indiana - Fox 28: South Bend, Elkhart IN News, Weather, Sports

Fewer than 1 in 3 college students graduate on time in Indiana

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Less than a third of college students in Indiana complete their degree on time.  That's what a new study from the Commission for Higher Education says.  The report, released Tuesday, is described as the most comprehensive look at college graduation rates in Indiana.

Fewer than 30% of four-year college students and roughly 5% of two-year college students complete a degree on time.  The numbers rise considerably when adding in students who take longer to complete degrees, transfer, or complete other degree types.  With those students, just over 68% of four-year college students and about 28% of two-year college student graduate.

The Commission warns that low graduates rates have a big impact on the ability to grow jobs in the state.  "The reality is the nearly two-thirds of all new jobs in Indiana this decade will require a post-secondary credential," the reports says.  "And those who lack higher education will have limited options for career advancement and upward mobility."

The report says that major factors in graduation rates are currently income levels and race.  Most colleges in Indiana have a 20% to 30% gap in completion rates between the lowest and highest graduating demographics.  The commission passed a resolution in 2013 to cut that gap in half by 2018 and close it by 2025.

This is the first year for the Indiana College Completion Report.  New reports will be issued each year, tracking changes in graduation rates by school and demographic from year to year.

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