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.
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.
Where do you think housing mortgage rates were a couple of years ago?
They used to be at 3-4% in 2019-2020. Holy hell, you are at almost 7% now. Let me reprhase then: the US is a scam. 7% on a 30 year mortgage means you pay about 40% interest in total on the loan amount.