The National Center for Public Policy and Higher Education regularly produces “The National Report Card on Higher Education.”
According to the report, the rates of college participation in the U.S. has declined relative to other countries. The U.S. ranked 2nd in college participation just over 10 years ago. Now, the U.S. ranks 7th among 29 compared countries.
The study also said the U.S. ranks 15th among the 29 countries compared in percentage of students completing college. “These low college completion rates-as with the declining rates of high school completion-are depriving the nation of college-educated and trained workers needed to keep the American workforce competitive globally.”
The study also said that “the financial burden of paying for college costs has increased substantially, particularly for low- and middle-income families, even when scholarships and grants are taken into account.” A quintile is 20%; therefore, the lowest income quintile is the bottom 20% of earners, etc.