College freshmen who enroll into colleges and form a substantial percentage of student community.
16% of these freshmen have applied to seven other colleges and do not return in the second year. As a result public colleges spend $2.38 billion to educate full-time first year students who do not return the next year. Private colleges report a loss of $1.74 billion.
65.5% attend their college for its reputation and 41% to obtain a master's degree. 15.5% of the freshmen attend colleges faraway colleges and 78% live in dorms. More than half of them have fathers and mothers who have earned a college degree.
More than 40% of the freshmen drop out and do not graduate.