College enrollment growth is slowing, according to a National Center for Education Statistics report. The center projects 15 percent growth between 2010 and 2021, down sharply from the 46 percent increase between 1996 and 2010. By 2021-22, there will be a 21 percent increased in both associate and bachelor’s degrees the report projects, a 34 percent rise in master’s and a 24 percent boost in PhDs.
Nearly half of colleges and universities expect enrollment declines, according to a survey by Moody’s Investors Service. A third of the schools project a decline in tuition revenue.
“The cumulative effects of years of depressed family income and net worth, as well as uncertain job prospects for many recent graduates” mean students aren’t willing to pay high tuition at non-elite colleges, said Emily Schwarz, lead author of the report.