More and more students in Michigan are taking five or more years to finish college and get their degrees. Ron French from Bridge Magazine has been researching this for his new article, and he talked about the trend today on Stateside. French said nationally, 31% of students earn a bachelor’s degree in four years. In Michigan, 12 of the 15 public universities are below that average.
Staying in school longer is more expensive, as extra semesters add cost. French said the fifth and sixth years are usually the most expensive, because financial aid dries up after eight semesters.
“Student debt nationally is over $1 trillion now,” said French.