Forty-three. That’s the percentage of college freshmen who will drop out of school before getting a bachelor’s degree. Community colleges—even worse. There, over 69 percent of students will drop out before receiving a credential. That means only 57 percent of college freshmen—and a mere 31 percent of first-years in junior college—will earn the degree they ostensibly set out to obtain. By any measure, that’s a failing grade.

Bill Gates is a college drop-out—but he knows he’s the exception that proves the rule. That’s why he has committed his foundation to doubling the number of low-income people who earn a post-secondary credential by age 26. Read the rest of this entry »

This article is a sidebar to “The Old College Try,” Philanthropy, spring 2010.

The weight of philanthropic (and elite) opinion rests on the idea that college is necessary for success in modern American life—and for many, college means a four-year degree. The dialogue is changing somewhat—see, for example, the rise of the more inclusive goal of a “high-quality post-secondary credential” and more support for community colleges—but not enough for some. Critics of this ideal include Charles Murray (in his widely discussed Real Education) and Matthew Crawford (in his best-selling Shop Class as Soulcraft). Moreover, some donors are frustrated at the lingering bias toward four-year degrees and against vocational or career-focused training.

Andrew Grove, the former CEO of Intel, argues that to make the four-year degree the standard is to erect a “ladder to the sun,” when many people would be happy with “a ladder to a middle-class existence.”

Grove conducted an informal survey of philanthropic higher ed initiatives in the San Francisco Bay area. “Every single program . . . emphasizes four-year college,” he says. He took a different approach. Read the rest of this entry »

This article is a sidebar to “The Old College Try,” Philanthropy, spring 2010.

After Warren Buffett pledged the lion’s share of his fortune (the gift was valued at $37 billion at the time) to the Bill & Melinda Gates Foundation in 2006, the foundation had an opportunity to expand its portfolio. “After tons of research and meeting with policy experts, practitioners, and other foundations, we came back to what has been the foundation’s domestic focus for the past eight years . . . because the evidence spoke clearly,” said Hilary Pennington, the Gates Foundation’s director of education, post-secondary success, and special initiatives, in 2008. “The highest-leverage investment we can make—education. This time, post-secondary education. And even more specifically, post-secondary success.” Read the rest of this entry »