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:
