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New Data Reveals Stark Gaps in Graduation Rates Between Poor and Wealthy Students
For the first time ever, the public can see the graduation rates for Pell Grant recipients at over 1,000 schools in the US 
 
A new report released Thursday provides a detailed look at the graduation rates of low-income college students. At many colleges, low-income students graduate at much lower rates than their high-income peers. 
 
At the University of Missouri-Kansas City, only 35 percent of Pell Grant recipients graduate college, a rate that is more than 20 percentage points lower than that of their wealthier peers. And at St. Andrews, a liberal arts college in Laurinburg, North Carolina, only 13 percent of Pell Grant recipients graduate, more than 50 percentage points less than students who don’t receive the grants. 
 
The study found 51 percent of Pell students graduate nationwide, compared to 65 percent of non-Pell students. The average gap between wealthy and poor students at the same schools is much smaller: an average of 5.7 percentage points. That’s because many Pell students attend schools with low graduation rates. (You can now look up whether poor students are graduating at the same rate as their classmates in our newly updated interactive database, Debt by Degrees.)
 
Ben Miller, the senior director for postsecondary education at the Center for American Progress, said that schools with large graduation gaps deserve greater scrutiny.
 
“Colleges have responsibility to ensure that the students they enroll are well served,” said Miller. “If you’re going to enroll someone, you should do the absolute best you can to graduate them, or else don’t take their money.”
 
The new report comes on the heels of recently released federal education data that has brought new focus on how low-income students fare at college, including how much federal debt they take on and how much they earn after graduation. The graduation rates of low-income students were not included in that data.
 
The group behind the new report, the Education Trust, collected the graduation rates of Pell Grant recipients — typically students whose families make less than $30,000 a year — for a selection of more than 1,000 colleges across the country. 
 
A spokesman for University of Missouri-Kansas City said many of their students are low-income and that the school is working to do better. “We are not satisfied with that gap,” said John Martellaro. “We are investing more resources in our student success programs in an effort to narrow that gap.” (Read their full statement.)
 
St. Andrews did not immediately respond to requests for comment. 
 
At more than a third of the colleges studied, schools were able to serve their Pell students almost as well as non-Pell students, with a gap of less than 3 percentage points. 
 
Other schools have managed to graduate Pell students at an even higher rate than their non-Pell peers. According to the new data, nearly 90 percent of Pell recipients are able to graduate Smith College, compared with an 85 percent graduation rate of non-Pell students. And at Western Oregon University, Pell recipients have a graduation rate of... Continue Reading…
 

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Nifty, Sensex may struggle to go up – Thursday closing report
Nifty may find support at around 7,750
 
We had mentioned in Wednesday’s closing report that Nifty, Sensex are likely to head higher subject to dips but Nifty has to close above 7,900 for the upmove to continue. The Indian stock markets closed on a flat note after range-bound trading in the day.
 
 
The Indian equity markets opened on a lower note on Thursday, following a sharp downward correction in Japan's Nikkei and US futures. The indices however pared their initial losses as investors squared up their positions on the expiry day of the September derivatives series. 
 
The Reserve Bank of India (RBI) will decide on whether or not to ease the key lending rates during its upcoming monetary policy review slated for September 29. Recent comments of the RBI governor is providing much of alcoe to the traders whether the RBI will cut rates and by how much.
 
Sector-wise, information technology (IT), consumer durables, healthcare, technology, entertainment and media (TECK) and fast moving consumer goods (FMCG) stocks supported the market recovery.
 
Notwithstanding the positive trend, capital goods, metal, banking and oil and gas sectors came under selling pressure. 
 
The S&P BSE IT index rose by 218.89 points, consumer durables index gained by 162.49 points, healthcare index increased by 127.22 points, TECK index rose by 94.72 points, and FMCG index was higher by 70.94 points.
 
The S&P BSE capital goods index receded by 150.40 points, metal index declined by 89.02 points, banking index fell by 71.21 points and oil and gas index was lower by 78.11 points.
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
 
Among European indices, DAX was at 9,446.57, down 1.73% and the FTSE 100 was at 6,000.44, down 0.53%. US futures were trading 1% lower.

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