Nearly 60% of college students have considered dropping out because of money

College students are so concerned about affording their education that they’re considering dropping out in droves.

About 60% of current students said they have considered calling it quits on their degree due to financial stress, according to a survey released Wednesday by Ellucian, a higher education tech company. What’s more, the firm found that many of them — 19% — actually did drop out, citing financial uncertainty as the leading cause.

“It’s clear that academic success is directly linked to student financial success,” Ellucian CEO Laura Ipsen said in a statement.

The survey was conducted in February and March and included responses from 1,500 U.S. college students.


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