At a typical career college, about 40 percent of students drop out before completing their training, according to Complete College America.1 While this is clearly a problem for the students, it also costs the colleges a lot of money. Estimates provided by a group of six retention experts polled by Career College Central report that lost revenue due to attrition can be as much as $3,000 per student, if the student drops in the first quarter. To break it down further, the report drew a portrait of the average per-dropout costs of attrition; assuming a career college's average monthly tuition is $1,200, the average time to graduate is 14 months, and most dropouts occur during the first half of the term, schools lose at least seven months of revenue, equating $8,400, per dropout.1