Wake Up Higher Education. The Degree Is On The Decline.

It’s pretty much inevitable that enrollment in U.S. higher education will be down for 10 consecutive years. The latest estimates from the National Student Clearinghouse show fall ’20 enrollments down 2.5% over last year. This will further the slide for spring ’21, which will end up being a decade’s worth of dropping enrollments for degree-seeking students. All told, at the peak in spring of 2011, 19,610,826 students were enrolled in U.S. higher education. By spring of 2020, that number had eroded to 17,458,306. I predict it will dip under 17 million this spring – making it a net loss of more than two and a half million students over the last decade.  

This enrollment decline has taken place against the backdrop of well-intentioned and well-funded college attainment campaigns across many states and from many high-profile supporting organizations. Despite the big push

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Rents in College Submarkets Decline as Education Moves Online

The apartment rental market is softening across market segments, from market-rate to affordable housing, and student housing is no exception. New research from Zillow shows that apartment rents in college submarkets are down .5% year-over-year as of August, the first time that college area rents have decreased since 2017, which was the first year that Zillow began collecting data. In addition, there is now a 3.4% gap between college area rents and non-college area rents, the steepest decline in compared to market-rate areas rents since 2017.

Online education has fueled the decline in apartment rents and apartment demand in college towns. According to The Chronicle of Higher Education and Davidson College, 44% of colleges and universities are operating fully online, and only 27% of schools are operating classes primarily in person. The Zillow report suggest that online education is hampering demand in areas where at least 20% of the rental

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