Report: College dropouts cost taxpayers billions

Dropping out of college after a year can mean lost time, burdensome debt and an uncertain future for students. Now there’s an estimate of what it costs taxpayers. And it runs in the billions. States appropriated almost $6.2 billion for four-year colleges and universities between 2003 and 2008 to help pay for the education of students who did not return for year two, a report released Monday says.