President Barack Obama will announce Monday a national effort to reduce the high school dropout rate and better prepare students for successful college careers.
The administration has committed $3.5 billion to fund changes in persistently low-performing schools around the country, with priority given to high schools with graduation rates below 60 percent.
Every day, 7,000 students drop out of school -- a total of 1.2 million students each year. In addition, only 70 percent of entering high school freshmen graduate every year, creating a loss of $319 billion in potential earnings.
The Hill
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