New England ranks lowest of any US region for retaining college students after graduation, according to a new study by the Federal Reserve Bank of Boston.
And one reason why may be the availability of jobs, suggested a policy brief prepared by the bank’s New England Public Policy Center.
Such rival states as New York and California retained more than three-quarters of their 2008 recent college graduates, the brief found. By comparison, the retention rate for Vermont was 20 percent, and the rate for Massachusetts was 52 percent.
“Only 63.6 percent of the 2008 graduating class were still living in New England one year after graduation — the lowest retention rate in the nation,” the brief’s author, senior economist Alicia Sasser Modestino, said in a statement.