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Despite the rising cost of education, a college degree is one of the best investments that a young person can make. In 2020, median earnings among workers aged 22 to 27 with a bachelor’s degree were 70% more, compared with those with just a high school diploma. Over a lifetime, a person with a bachelor’s degree typically earns 45% more than someone who has completed only high school, even after netting out tuition costs.
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Helping students to enter college isn’t enough. For higher education to fulfill its promise as an engine of economic mobility, we need to get students across the finish line to graduation.