Only one in ten youth from low-income families (10 percent) go on to graduate from a four-year college, compared with over a quarter (28 percent) of youth from middle-income families and half (50 percent) of youth from high-income families. (Source: CARRY (Coalition for At-Risk-Restoring Youth)
Less than half of youth from low-income families (44 percent) remain consistently connected to school and/or the labor market between ages 18 and 24, a lower share than among youth from middle and high-income families (67 and 75 percent, respectively. Source: CARRY (Coalition for AT-Risk—Restoring Youth)
Roughly 1 in 5 youth from low-income families (18 percent) never connect (making extremely short, or no connections to school or the labor market between ages 18 and 24) while only 1 in 50 youth from high-income families (2 percent) fall into this category. Source: CARRY (Coalition for At-Risk-Restoring Youth
A college degree significantly enhances economic mobility for low-income students. Research by the Brookings Institution shows that a bachelor’s degree can triple the likelihood of moving from the bottom income quintile to the top quintile. Source: Brookings Institution
Low-income students who graduate from college tend to earn substantially more than those without a degree. Data from the U.S. Department of Education indicates that individuals with a bachelor’s degree earn approximately 66 percent more over their lifetimes compared to those with only a high school diploma.
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