While some Americans worry about the cost of higher education today or AI workforce disruption, college students today believe in the value of the college degree they’re earning. A recent Gallup study, “The College Reality Check: What Students Believe vs. What America Believes,” indicated that about nine in 10 students say they are learning career-relevant skills. They’re also confident their coursework will help them get a job after graduation. Recent research also shows that college graduates generally experience lower unemployment and higher lifetime earnings.
These statistics don't mean all families are convinced college is worth the investment. But maybe a question for families considering college is: “How can students graduate on time and maximize the value of their education?”
The final cost of college depends on the number of semesters you spend in school. It's why the four-year graduation rate is a metric that matters. If you are wondering whether a college is worth the cost, ask yourself, “Can I successfully navigate this college experience and earn a degree on time?” Keep reading to get a better understanding of time-to-graduation and how to make sure you cross that stage when you expect to!
Graduation rates explained
Despite estimated tuition costs, every extra semester means extra tuition, housing, meal plans, books, tech fees, etc. One student may finish college in four years and another in six. The latter may end up spending tens of thousands of dollars more than the first.
In recent years, a six-year graduation rate has been the norm across the country, and the reasons students struggle to stay on track can vary significantly. Their progress can slow if they change majors later in the college journey or if required classes are not available during a critical semester. Sometimes, personal responsibilities can force a student to drop hours or prevent them from taking the right number of courses
Why four years?
Most colleges require roughly 120 credit hours that combine general education courses and deep study in a major. Typically, a full class load is 15 hours (five classes), amounting to about 120 hours over eight semesters, or four years.
Finding graduation rates
Because graduation rates can affect the cost and time to degree, comparing this metric at institutions you are interested in can help you figure out what questions to ask when visiting. For example, in the state of Georgia, about one-third of students graduate from public universities in four years; that’s nearly half the graduation rate of Berry students! At the same time, Berry students graduate on average with comparable debt to that of state schools.
Many colleges share their graduation rates on statistics webpages. They vary widely among institutions. But one reality is clear: no college graduates every student in four years. Although the federal government calculates “success” based on a six-year graduation rate, most schools share the percentage of students who finish in four years. For example, over the past few years, Berry College’s four-year graduation rate has hovered around the 70% mark. That means about seven out of 10 students graduate on time.