http://www.businessinsider.com/university-of-phoenix-enrollment-numbers-are-down-2015-3
Despite the growing demand for college education in the workforce, it appears people are going away from the for-profit model of higher education. Maybe it is because the for-profit education is seen as less valuable; maybe it really is less valuable. Whatever the case, it appears as if the industry of higher education is going to look different in 5 years, with non-profit education holding an even greater command over the economy than it already does.
6 comments:
I think education will look different regardless. There are simply lower enrollment numbers country-wide. It is one of the reasons that Sweetbriar College is closing at the end of this year.
http://www.washingtonpost.com/news/grade-point/wp/2015/03/03/sweet-briar-college-to-close-because-of-financial-challenges/
However, it may simply be a trend that is going through both the non-profit and the for-profit world. I feel that this article: http://www.ledger-enquirer.com/2015/03/28/3640393/john-a-tures-obsessing-over-sweet.html is a good blend of both of those ideas.
I have to agree with the comment above. I believe that college is not seen as it was as 'worth the money'. College costs are getting extremely expensive and people are not seeing the benefit from spending all the money on an education. I also believe that the value in the populations perception of online-schools have gone down due to the limited exposure it gets you to the job market after graduation.
With all due respect to the for-profit higher education institutions, many consider them less prestigious or significant than traditional institutions. I believe this is among the reasons why the University of Phoenix and other similar institutions are seeing declines in enrollment.
I agree with all of the above. College wasn't always something that kids would do after high school. Many didn't go to schools and worked within a trade. I think this is something we are reverting back to because of the costs of schooling now. Like Matt said, it isn't seen as worth it now.
I think the numbers of enrollment went down because it's too expensive to attend for-profit colleges. It's not very thrilling for anyone to graduate with 10 years working worth of debts. Considering community colleges and state schools are much more affordable, most people would opt out of for-profit education.
I agree with the above comment. It's hard to justify spending so much money on four more years of education, then there's always the chance that you cannot find a job upon graduating. Even if you find a job, the next X amount of years are spent paying back the loans and debt you dug yourself into. For many people, that's not worth it.
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