Summary
College enrollment among 18-year-old freshmen fell 5% this fall, with declines most severe at public and private non-profit four-year colleges.
Experts attribute the drop to factors including declining birth rates, high tuition costs, FAFSA delays, and uncertainty over student loan relief after Supreme Court rulings against forgiveness plans.
Economic pressures, such as the need to work, also deter students.
Despite declining enrollment, applications have risen, particularly among low- and middle-income students, underscoring interest in higher education. Experts urge addressing affordability and accessibility to reverse this trend.
Higher education is too expensive. Not everyone can afford it. Also, some people can’t go to school full time because they need to work. I know some people would say these people should be able to do both, but that doesn’t work for everyone. If you’re someone who got a degree while working full time, good for you, but I’ve tried working full time and going to school and I found it to be really difficult. If there comes a point where people decide they have to choose between school and work, well, school is going to lose every time because school doesn’t pay the rent.
I’m bracing for this right now. I’m working casual hours while I go to full time schooling but part of that schooling includes unpaid placements, I’m absolutely dreading not having income for basically half a year while i’m on the hook for tuition, bills/rent, transportation ect…
The Baumol Effect is killing us here. The more productivity gains we make in manufacturing, IT, and other technology boosted fields, the more unaffordable education will get.
That’s interesting. It would be more interesting if universities didn’t use tuition to rebuild their sport complex every ten years.
Oh that’s a whole other issue: inter-university competition. They’re all competing with each other over the same pool of students. Each one spends money to attract students away from the other schools who then spend money to attract them back.
Wouldnt have anything to do with crippling debt would it?
Education to any level should be free at the point of use. Hell I’d even go as far as to say people should be given a (non-means-tested) grant if they go into higher education. We need more smart people.
The more educated & informed a society is, the more productive, safe and free it is. No one should deny themselves the education they otherwise want because they can’t afford it.
Man this is the most anti capitalist way of looking at things. This is basically socialism. Not a single NA country would support this system for Europe it’s a different story tho.
Edit: you guys are idiots I’m literally telling you why it doesn’t happen and you downvote me. In my opinion USA is a third world country as long as healthcare is a for profit business. Capitalism is akin to peasants and lords all over again which is why unions form because the working class have to force it to be fair. You are living in a society that values money more than anything and therefore you are just a number they give you one as well to define your being.
Think about it: What is socialism? It’s collectively funding or working on things via the government. There’s many competing definitions but that’s basically all there is to it.
Under that definition we’re already living under socialism:
- Fire departments
- Police
- Infrastructure (roads, bridges, etc)
- Weather services
- USPS
- The entire military as a construct
With socialism the people get a say in how such things are run. In private institutions they don’t. That’s the biggest realistic difference.
Either way people are still paying for these things. If they’re not really competitive then private industry will fleece the masses because that’s what capitalism encourages (see: Healthcare). If there’s a robust, competitive market then socialism can fall behind in things like innovation and price.
Whether or not something is funded-and-run by the government is irrelevant. What matters is the value. If government can provide a better value for a dollar than private industry it should. If the people don’t like the result they can change it or use a private alternative.
Sure, they’ll be paying extra (on top of taxes) for the private alternative but at least it’s an option. If the government isn’t providing an alternative to private institutions then there’s really no option at all. Best anyone can do is vote with their wallet but as we can all see that just doesn’t work in certain industries (in fact, entire caregories of need!) and services.
I live in the UK, a capitalist country.
The Scottish have this already, everyone gets free education including university, no strings. In England we only have it for people from lower economic backgrounds (via means tested grants to pay tuition), but still, we still do it for some people. It’s not a remotely absurd idea.
Hell even most pragmatic capitalists would agree that a free-at-the-point-of-use education system is generally a good investment in the labour pool. If skilled workers are rare, they have negotiating power, and we know how much capitalists just love workers that are able to negotiate from a position of power.
You sound surprised to find out that not everyone here thinks capitalism is perfect.
College makes you think critically. It’s good for society overall when more people go, but college administrators have basically turned these nonprofit organizations into money grubbers that have forsaken their original mission.
College is often sold to the working class as some kind of vocational training that will prepare them for highly sought after knowledge based careers. But really think about it: before the mid 20th century, who was the typical college student? Was it a person who had to worry about the consequences of unemployment even if they couldn’t find work?
The next question to ask yourself is: why did these people go to college anyway if it wasn’t for career reasons? And is it something valuable that we are losing as administrators make college more about jobs?
“Student loans” are now one of the most ubiquitous phrases in politics and it’s synonymous with “a burden you can never escape” so it makes sense that the folks who can use assistance will avoid it. The entire fight about student loans has always been to highlight the cost and make some folks turn away from higher education all together. Education has always been under attack for as long as most of us have been alive and this is another front in the war.
First they attack public education and exhaust teachers with overwork with underpayment. Now the right wants to attack Academia, the source of science which shows how destructive the current system has become and how it will evolve. Elon will probably entirely axe FAFSA and funding for higher education, with the aim to have their endowments fed by wealthy elite who dictate what makes it onto a syllabus. The right is so fucking exhausting.
American student loans are a scam anyways. The interest rates are outrageous and the federal government subsidizing them, but then they get handled by private businesses in a system know for failure and fraud.
Student loan forgiveness shouldnt be a thing. It shows that the system is trash to begin with and the “forgiveness” remains arbitrary and is just a carrot on a stick.
Make a system where the loans are granted directly by the government and dont incurr interest. No for profit skimming middleman, no permanent debt. Offer a regulated bonus for people who pay back X% before Y years pass, so people are incentivized to pay back quickly, rather than delaying payback.
More importantly remove the outrageous enrollment costs per semester.
It’s outrageous that a loan for higher education comes with an interest rate at all. The increased productivity of a college graduate should cover the need to profit off the loan. Extra silly because as a graduate you only see compensation for a paltry fraction of that increased productivity.
Depends, some are some aren’t.
However, in my opinion, the thing that makes student loans crazy is how the payments are structured.
With other big lifetime loans (mortgage, car, etc.), they are structured with a fixed term and the interest is factored in from the beginning. You pay $X a month for Y years, and that’s it, it’s all paid off. All you have to do is keep up with those payments, and you know how much they’ll be from the time you agree to the loan.
Student loans are structured more like credit cards. If you just pay how much they tell you to, interest will accrue, the loan grows, it capitalizes, and the term is indefinite. You can pay on it consistently for decades and never make any progress.
There’s practically no assistance to figure out how much you really need to pay, and sometimes even attempting to overpay to cover the interest doesn’t help, as they’ll apply the extra towards the next payment instead, and so extra interest still accrues.
7% is a scam. You wouldnt buy a house on 7% interest rates. And an education seems to be a safer investment. Especially for the government that should have an interest in education to drive the economy.
For me it seems as if those subsidized and guaranteed loans were a bad idea (a system with positive feedback) in their entirety.
The reason education costs are so outrageous is the market created by their existence. And the loans themselves are a perpetually growing moneymaking machine. It’s like pouring water into Saharan sand.
