Innovator of the Year: ReUp Education

Around four in 10 students who enroll in a four-year college don't earn a bachelor's degree from that institution within six years, according to federal data. For community colleges, the outlook is even worse, with their three-year graduation rates hovering under 30%. It's costly for colleges when students drop out. In the 2010-11 academic year, roughly 1,700 institutions collectively lost out on $16.5 billion of tuition revenue due to students leaving without a credential, according to the Education Policy Institute. Stopped-out students can end up saddled with debt they must pay off without the economic benefit of a degree.