Enrollment is down, longstanding traditions are crumbling and applicant pools are changing dramatically.
The big picture: Higher education in the U.S. is in the midst of a sea change, forcing schools to adapt with the times.
“It suggests that there’s a broader question about the value of college and particularly concerns about student debt and paying for college and potential labor market returns,” Doug Shapiro, the executive director of the National Student Clearinghouse Research Center, said earlier this year, per the New York Times.
What’s happening: College enrollment had been trending downward, and the pandemic accelerated the trend.
[The value of a college education has been far outstripped by its costs. Eventually, that will collapse its market, no matter how much the federal government keeps trying to subsidize it. — Ed]
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