The Burdens of Working-Class Youth

[Beliavsky]

<p>An earlier post on graduation rates of Pell grant recipients was removed because it referred to a blog hosted by the Chronicle of Higher Education. Here are statistics from a different source, and they don’t look good either.</p>

<p>[Panel</a> Advises Overhaul of Pell Grants for Students
Wall Street Journal
April 9, 2013
By JOSH MITCHELL](<a href=“http://online.wsj.com/article/SB10001424127887323820304578411071860598516.html]Panel”>http://online.wsj.com/article/SB10001424127887323820304578411071860598516.html)

A quarter of Pell-grant recipients under age 25 who enrolled in the 2003-04 year earned a bachelor’s degree within six years, according to the report. Among students 25 and older—whose numbers have grown during weakness in the job market—the rate was only 3%.

</p>

<p>The article notes that spending on Pell grants rose an inflation-adjusted 84% from 2008-09 to 2011-12, to $34.5 billion dollars.</p>