Shouldn't a College Degree Keep You Out of Poverty?

Change.Org ^ | June 11th 2010 | Lauren Kelley

[Cardhu]

There's good news and bad news in a new report from the Institute for Higher Education Policy. The good news: an increasing number of low-income young adults are going to college these days. The bad news: many of those low-income students remain in poverty after they graduate.

The report (pdf) found that 47 percent of young adults whose total household income was near or below the federal poverty level were enrolled in an institute of higher education in 2008, a healthy five percent increase from 2000, and another 11 percent had earned a degree. However, about one in ten of those students “failed to immediately transcend the poverty threshold.” In other words, they passed college but college failed them.

The introduction to the report quotes President Obama's State of the Union Address from January: "[I]n the 21st century, the best anti-poverty program around is a world-class education." Apparently, and unfortunately, things don't appear to be that cut-and-dry for many impoverished young adults. Although higher education opportunities are expanding for poor populations, outcomes are not getting any better. Which raises the question: what good is a college education without a positive outcome?

There are a lot of surprising statistics in the report that are begging for explanation. (White low-income students are twice as likely as African Americans and Hispanics to remain poor after graduation? Really?) Future reports in the series, which is being funded by the Gates Foundation, will examine educational aspirations, academic preparation, movement in and between schools, and financial aid and debt burdens among low-income young adults to give all of us a better understanding of what's going on here so we can try and address the problem(s).

Even for young adults not coming from low-income backgrounds, college is expensive and may not be worth it in this economy. If we don't start improving educational outcomes for poor students, college might start to seem like a worthless pursuit for everyone – and I don't think that's a road any of us want the country to go down. Gregory S. Kienzl, director of research and evaluation at IHEP, summed it up best: "If you have a degree, you should no longer be poor."

[TheThinker]

Whoops, should have said:

Affirmative Action, increasing resentment and payback racism towards whites, and lack of access to both private loans (b/c banks must lend to minority applicants with similar and lower credit scores to cover their risk) and government loans to start small businesses have taken their toll.

[redgolum]

College degrees have been seen as the ticket to the middle class for some time now. Trouble is that ride is full and is starting to crash.

[redpoll]

I speak as someone who was in that same circumstance early in his adult life. College degree, dead broke, no future.

The truth? It was my fault.

The other truth? Work hard, be diligent, and have a skill which is worth getting paid for.

*sigh*