It's going to get much worse in US higher education. According to the National Student Clearinghouse, college enrollment is down by 2.4 million from the peak year of 2010-2011. I am projecting continued enrollment losses, despite Department of Education's rosy projections. ED is projecting 23 million students in 2023, but it's more likely to be 16-18 million.
https://collegemeltdown.blogspot.com/
4rav, that's why I left! Get out. If you continue making these ethically correct decisions they will fire you. I was in admissions refusing to pressure those who didn't have the tools to do college level work and my director hated me. When I told my director why I hadn't taken an application they said it wasn't my call even though the candidates I met with trusted me and wanted an honest opinion and guidance to help them make their best choice for their education. It was an awful experience. Glad to be gone.
Today I was asked to financially plan a lady with 2 kids who is on SSI, welfare, and section 8. I told her to think it over... then boss asks me, why didn't you plan her today ? She's on SSI, zero EFC- perfect candidate... that has me questioning why I work here.
The student loan bubble has burst. As usual, those who benefited from the bubble didn't know or ask questions about why the government is loaning trillions to kids who spend it on ecstasy and netflix videos.
Well, ignorance isn't bliss, cause now it's time the party ended.
This will come as a shock to education employees, but it shouldn't. One would think they would have a clue whats going on in their own industry.
Not...
No ROI on most college degrees today that one acquired during the 20th century. US Higher education is becoming an outdated model save for STEM degrees. Also, technology disruption created by other industries along with overpriced programs are making colleges lose their luster for new students. In 50 years, we will talking about higher education as it exists today in the past tense.