“There are two ways to look at America’s college-for-all movement. On the one hand, it represents a rare policy success: Today, 90 percent of high school graduates enrol in college within eight years of graduating from high school, up from 45 percent in 1960. On the other hand, it serves as a cautionary tale about the unintended consequences of even the best-intentioned policy initiatives: Many of these students leave college before finishing a degree or credential—only 15 percent of community college students earn a bachelor’s degree within six years of enrollment—to an unfriendly job market, already saddled with crippling student debt.”

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