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.
An individual person does not need to go to college to be successful, no.
A nation of people will want a certain % of its population to be at least college educated for a myriad of reasons that I don’t think I need to explain here (including to be successful).
When we see a trend of that % decreasing, it makes sense to take notice.