Students have long been a part of the American dream, but there’s a growing sentiment that the American Dream is dying and it’s up to people with money to get the degrees they want.
The number of Americans with bachelor’s degrees fell from 1.3 million in 2007 to 1.2 million in 2017, according to the National Center for Education Statistics.
While many of those dropouts are millennials and those who are college-educated are seeing their rates fall, the problem is that the U.S. population is aging and that’s causing many young people to have fewer choices.
But a new study from Georgetown University’s Center for Economic and Policy Research found that there are many opportunities for people with less money and fewer resources to go to medical school.
The researchers analyzed data from the U and OASIS, the American Medical Association’s College Accessibility and Patient Participation Study.
The study found that of the 2.6 million students who graduated from medical school, about 10 percent had less than $30,000 in the bank and about 1 percent had $30 to $50,000.
But nearly 70 percent had at least some debt.
About 40 percent of those with less than an average family income had debt, and nearly 70% of students who had at most $30 in debt had at minimum four years of debt, the study found.
The study also found that students who received some form of financial aid during medical school were more likely to complete the program and obtain a bachelor’s degree than those who received none.
This is a developing story.
Stay tuned to the Capital Weather Gang for the latest.
Follow The Capital Weather Team on Twitter @capitalweather.