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Post-pandemic, four years of college steadily loses its appeal
CNBC
Jessica Dickler
May 16, 2022
KEY POINTS
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Between the strong labor market and the rising cost of college, teenagers are choosing shorter, more affordable, career-connected pathways, according to a report.
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The likelihood of attending a four-year school sank from 71% to 51% in the past two years, ECMC Group found.
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Nationwide, fewer students went back to college this year, dragging down undergraduate enrollment 3.1% from last year, according to a separate study.
Xander Miller, 18, will graduate from Hastings High School in Hastings, Minnesota, this June, and he has big plans for his future.
Rather than attend Minnesota State or get a liberal arts degree like his older brother, Miller is enrolled in Dakota County Technical College with a guaranteed job through Waste Management’s apprentice program.
“I did have plans to go to a four-year school,” he said. However, “it didn’t seem valuable enough to me to offset the cost.”
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