... and that's up from the year before, when it was only 5%.
http://www.nola.com/education/index....of_8_perc.html
76% of the students are receiving Pell Grants.
So let's look at the facts here:
Government grants money to 76% of SUNO students.
92% of that money goes to waste (assuming that the Pell Grant students are graduating at the same rate as non-Pell-Grant students, which may or may not be true. It could be even worse.)
Are you happy about your tax dollars going to fund students who have an 8% chance to graduate?
This is why public colleges can't just be free.
And this also exposes a big flaw in the Pell Grant program.
Pell Grants should be changed to suspended loans.
If the student graduates, the loan will be forgiven and written off as if it never existed.
If the student fails to graduate within 6 years, it will turn into a loan that starts accruing interest.
There should also be some tougher requirements to get a Pell Grant in the first place, based upon performance in high school and SAT scores.