Classes Expelled: The college is expected to close due to the number of enrollees.

It is not a big secret that the cost of attending a four-year college or university in the United States is out of control. It is almost gravity-defying how the cost of college has increased relative to normal inflation over the past twenty years. In fact More than 500 private, not-for-profit colleges have closed in the past decade, according to the Wall Street Journal, “three times as many as in the previous decade.”

The news is getting worse and there are stern warnings from pilots in the cockpits. The year 2025 will bring so much chaos with weekly crashes that colleges and universities will no longer be able to open their doors. This new reality is the ultimate law of supply and demand. And families in America vote with their feet.

Low enrollment and financial struggles force NY college to close: ‘It’s not fair to anyone’

Why are colleges closing at such a rapid rate?

Registration

Trend experts have a new term called The number of students enrolled in degree-granting colleges and universities fell 15% from 2010 to 2021, and only 62% of high school seniors in the United States will attend college. immediately now

That’s a stark contrast to nearly 15 years ago when the figure was 68% in 2010, according to government data. Many students who opt out of postsecondary education are low-income students. But even those in the middle are beginning to choose alternatives. We are also seeing competition for public colleges and universities skyrocket. Where parents can enjoy in-state tuition and other scholarship programs. Possible for in-state students only.

Aside from the fact that some students are taking certification courses instead of going to college. Some are entering the workplace and others are considering alternative career paths. We are facing a record low number of babies being born in the United States, which will have long-term implications. About declining college and university enrollment

This trend of low birth rates started about 17 years ago. After reaching an all-time high in 2007, the Great Recession in 2008 resulted in a decline in fertility rates. The country’s birth rate fell 23% between 2007 and 2022, and has continued rapidly to the present day. So it’s not clear that Generation Z 20-somethings are wanting their families to continue. This decline in the overall birth rate is why, starting next year in 2025 and continuing through 2037, we will see a sharp decline in enrollment as 2008 babies begin school age in university

It’s not money…it’s money.

Over thirty years of providing financial advice for families across America. And the number one complaint in the planning process isn’t about how much money a person will need to retire. The conversation quickly turned to how feasible it is to get two, three or even four kids into a four-year college.

Colleges and universities are starting to feel the financial pain.

Although these higher education institutions do not pay federal income taxes or pay estate taxes, But the higher overall operating costs of having a five-star operation and state-imposed limits on tuition increases for public colleges have limited the ability of colleges and universities to increase. Income from tuition fees When combined with the overall market where families Vote in person for low-cost colleges and universities. This places a huge strain on the ability of these institutions to remain financially sound.

Meanwhile, there are more than 150 colleges and universities with endowments of more than $1 billion. But there are many others fighting for registration. Struggle to maintain academic ability and pondering how to maintain the facilities at a level where the new college student body thrives. Expected from school

This doesn’t just affect schools. But it also affects the surrounding town where local businesses are built around the school. On average, Each college or university that closes costs 265 jobs and $14 million in labor income. Some colleges have cut faculty and cut academic spaces to keep their heads above water. But it was not enough to face the Titanic-like cold currents that many universities and colleges were facing.

alternative career paths

Under DOGE, we may eventually see the Ministry of Education eliminated. And with the possibility of Pete Hegseth becoming the new Secretary of Defense. We may see a new way for young people to join the U.S. military.

We still don’t know what the future of education in America will be. But it’s quite possible for a high school teen to have one of four possible career paths in the future.

1. College or university

2. Vocational schools

3. Entrepreneurship

4. Military

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It is now more difficult to find blue-collar workers than white-collar workers, reversing trends in the U.S. job market. that has existed for decades Take the plumber as an example. It’s expected that by 2027 the United States will have a shortage of about 550,000 plumbers, which is bad news for plumbing repair costs. and the time required to find someone to repair it This type of statistic is universal for all blue-collar workers in the home service field.

There are great careers in the military as well. And military recruitment has steadily decreased over the past 40 years. As of the end of fiscal year 2023 (September 2023), three branches reported not meeting their recruiting goals: The Navy was at 80% of its target number. The Army was at 77% and the Air Force was at 89%. The Marine Corps and Space Force were the only branches that met their recruiting goals.

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The number of active-duty soldiers in the U.S. military will drop approximately 6% from 2012 to 2022, from 1.4 million to 1.3 million. We need more young people to join the military over the next 10 years.

School break is coming.

Tuition and fees plus room and board for a four-year private college averaged $58,600 in the 2024-2025 academic year, with inflation. That’s about $250,000 to put one child through a four-year college education. If parents and students continue to question the high price of a college education We may see enrollment drop to historic lows over the next decade. And many colleges have closed their doors and gone out of business. Class is not in session!