According to recent data from the National Student Clearinghouse, there has been an 8% drop in enrollment in colleges during the period from 2019 to 2022 in the United States, even with the return to school in person.
According to the US Bureau of Labor Statistics, this was the biggest drop in the rate ever recorded. The pandemic has been one of the main reasons for this phenomenon.
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According to the survey, many young people turned to hourly jobs or careers that don't require a degree, while others were blindsided by high tuition fees and student debt. Economists say fewer college graduates could worsen labor shortages in areas ranging from healthcare to information technology.
In addition to this reason, college dropouts often mean lower lifetime wages, and when the economy takes a turn for the worse, people without degrees are more likely to lose jobs. This is because, in times of crisis, companies tend to reduce costs and optimize their production, which can result in staff cuts, especially those lacking specific skills or experience relevant.
The percentage of college attendance of U.S it was on the rise until the pandemic reversed decades of progress. Rates have dropped even as the number of people with high school education has increased. The reality is that during the pandemic, many young people have become largely alone amidst remote classes, and many have taken part-time jobs. Some thought they weren't learning and seemed to be resigned to spending more years in high school.
Debts were also a deciding factor. However, as the president, Joe Biden, presses to cancel huge debts, an effort the Supreme Court appears poised to block. There is already hope that the worst is over. That's because the number of freshmen enrolled at US colleges increased slightly from 2021 to 2022. Although it still remains far below.
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