3 ms·
Something besides the demographics and birth rates that wasn’t talked about deeply in this article is just how massive the difference in parental sentiment is.
by dangus 3y ago
Something besides the demographics and birth rates that wasn’t talked about deeply in this article is just how massive the difference in parental sentiment is.
I think I read an article that said that parents went from being over 90% “college is vrry important for my kids” to more like 50%. Grain of salt on the actual percentages, but the shift in the numbers was somewhere along those lines of dramatic.
Basically, total enrollment has possibly peaked for good, it’s all downhill from here.
I can’t imagine it gets better when an entire generation of millennials who are massively jaded on the whole college thing are about to be sending their kids to school in the next 10-20 years. How many millennials are going to teach their kids to never take out loans?
Even the millennials whose college loans were technically worth the cost burden in terms of ROI still have a bitter taste from years of debt payments and a broken and unpleasant lending process. They know what it’s like to deal with shitty loan servicing companies passing the debt around between each other.
I think this trend will eventually affect large and potentially even some very selective schools.