Economics of Timely Graduation
Students must understand that there are real and significant economic benefits to maintaining good progress toward their degrees and graduating in four years or less. Delayed graduation involves paying additional fees, and other university-related expenses. Equally important is the earnings students lose by delaying graduation. In a study by Witteveen & Attewell (2021), they found graduates, regardless of how long it took for the degree, were employable and found jobs. However, study findings indicated the delayed-time-to-degree was associated with 8-15% decreased wages, depending on the length of the delay.