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Trade schools are in a growth phase. Can it last?
UB University Business
Alcino Donadel
March 25, 2025
Enrollment in trade schools has significantly increased since the pandemic, and it’s only expected to continue over the next decade, according to a new report from Validated Insights.
Newly collected data from the higher education marketing agency reveals that new enrollment from 2020 to 2023 grew by 10.5%. Consequently, revenue increased 7.8% over the past four years.
Their popularity isn’t expected to slow down either. Fall enrollment and market revenue is expected to grow by at least 6% though 2030. On the other hand, the broader higher education field is only expected to grow at 0.8%. This might be driven by the fact that 82% of high school career counselors expect demand for “career” education to continue growing faster than demand for “traditional” higher education.
Interest is particularly high out west. Here is a breakdown of enrollment growth by state from 2019 to 2023:
Utah: 16.4%
California: 19.4%
Arizona: 27.8%
Nevada: 33.2%
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U.S. Department of Education Opens Revised Income-Driven Repayment Plan and Loan Consolidation Applications for Borrowers
U.S. Department of Education
March 26, 2025
Today, the U.S. Department of Education’s Office of Federal Student Aid (FSA) reopened the online income-driven repayment (IDR) plan and loan consolidation applications for borrowers. The application was temporarily paused to comply with the 8th Circuit Court of Appeals injunction issued last month, which directed the Department to cease implementation of the Biden Administration’s Saving on a Valuable Education (SAVE) Plan and parts of other IDR plans. Because the online application incorporated provisions subject to the injunction, it was necessary to revise the form, making it unavailable to borrowers in the interim. Paper loan consolidation applications were available to borrowers during that time.
“A federal appeals court struck down another one of the Biden Administration’s illegal efforts to transfer student loan debt to taxpayers. In response, the Trump Administration substantially revised the income-driven repayment plan application to conform with the ruling,” said Acting Under Secretary James Bergeron. “Our team was able to relaunch this application within weeks, ensuring borrowers have access and the ability to access all legal repayment plans.”
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