More Americans are going to college than ever before, but students face unprecedented challenges. Over 44 million Americans collectively hold more than $1.4 trillion in student loan debt and only 54.8 percent of students graduate in six years. This means that millions of Americans are taking on thousands of dollars in debt without a diploma to show for it.
Even though he dropped out of college himself, Bill Gates says that college dropout rates need to be addressed. He told students, "The U.S. has the highest college dropout rate. We're number one in terms of the number of people who start college but we're like number 20 in terms of the number of people who finish college."