Ok so this "4 year graduation rate" is the percentage of students who pursue a 4 year degree and actually graduate on time, i.e. taking full courseload and passing every course.
Well then I'm not surprised. I was imagining 95% quit without a degree.
That is the grift now, "forever students" are the cash cow of the fraud universities. The government steals wealth, gives it to "students" who will never repay it, the students give it to universities and the universities want more money not more graduations.
Every year they are there is overhead. Bureaucrats, statistics about the number of students, dorms, food, and that's assuming all courses are truly necessary and the teaching is effective. They aren't punished for failing students when the students just turn around and sign up for the same course next semester.
Productive people are the primary victims, the forever students who don't know how to do anything after wasting 8 years of their life and having 100k of debt (in theory) are the secondary victims, the university is the accessory to the crime, and the state is the perpetrator.