![]() ![]() ![]() In addition, many students may attend school part time and work long hours in order to cut costs. Reasons for this vary, but include that the student may be: 1) pursuing a degree that requires more than 120 credit hours 2) pursuing more than one degree 3) changing his or her degree plan or major 4) taking extra courses beyond those needed to graduate 5) leaving or “stopping out” of school for brief periods or 6) transferring from one institution to another. In 2013, only 38.7 percent of students nationally completed a degree within 4 years. take more than four years to complete a bachelor’s degree. The six–year graduation rates have risen over the past two decades for all racial and ethnic groups.Īs of Fiscal Year (FY) 2013, only 27.6 percent of freshmen in Texas graduate in four years. About 64 percent of first-time (in college), full-time freshmen who entered a Texas public university in 2013 obtained a bachelor’s degree from that or another Texas public university within six years, but the rate varied from 72 percent of Whites to 56 percent of Hispanics to 47 percent of African-Americans. Among the six largest states, Texas is tied for third in the percentage of Whites with a degree and ties for last for Hispanics.Ĭollege graduation rates in Texas are rising but remain stratified by ethnicity.This gap has decreased by 4 percentage points since 2017. The percentage of African-Americans in Texas who have a bachelor’s degree is 11 percentage points lower than that of Whites.Only 16 percent of Hispanics age 25 and older have a bachelor’s degree or higher, compared with 41 percent of Non-Hispanic Whites. In Texas, Hispanics are the least likely to have a bachelor’s degree.Among the six most populous states, Texas has the lowest percentage of the overall population age 25 and older with a bachelor’s degree or higher.īy race/ethnicity, U.S. ![]() Census Bureau data show that in 2018 about 32 percent of Texans age 25 and older had obtained a bachelor’s degree or higher, compared to 35 percent of adults nationwide. Texas is slightly lower than the nation in the percentage of people who have completed a bachelor’s degree or higher. These rates are higher than in August 2019 due to increased unemployment during the COVID-19 pandemic, but the pattern of lower unemployment rates for those with higher education still holds true. The unemployment rate for high school graduates was 7.7 percent, while the unemployment rate for those with a bachelor’s degree and higher was 4.2 percent. For November 2020, the unemployment rate of workers age 25 and older who had not completed high school stood at 9.0 percent. More evidence for the economic value of education comes from the U.S. While educational level is not the sole predictor of one’s income, the income range also expands as level of education increases, suggesting that workers with higher levels of education may encounter more opportunities for financial growth. Consequently, some workers with associate degrees earn more than those with bachelor’s degrees, while other bachelor’s-level graduates make more than some master’s degree holders. ![]() also vary widely within the same level of education. Census Bureau reports that higher levels of education are typically associated with higher median earnings however, annual incomes in the U.S. ![]()
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