Fewer children go to university because they say it costs too much

College dreams are not what they used to be.

Up until this year, Jason Neuharth, 18, was visiting a technical school in his home state of Minnesota in high school.

“I was determined to go to university – that would be my future,” he said.

But the last twelve months of largely staying home and only going to school a few days a week have left Neuharth plenty of time to reconsider, he said.

“I did not grow up with a lot of money and that was my fear – the money,” he said. “I would not be able to afford the university.”

Instead, Neuharth joined the National Guard with an eight-year commitment. “This second option, this free-from-prison card, which was the military, seemed like a no-brainer.”

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A year into the coronavirus crisis, many high school seniors have dramatically changed their expectations about the future.

A recent survey of high school students found that the probability of attending a four-year school has dropped by almost 20% in the past eight months – to 53%, from 71%, according to ECMC Group, a non-profit organization aimed at to help student learners.

High school students place more emphasis on career training and post-college service, the report said.

More than half said they can achieve professional success with three years or minors, and only a quarter believe a four-year degree is the only way to a good job. ECMC Group has interviewed more than 1,000 high school students three times in the past year.

Jeremy Wheaton, President and CEO of ECMC Group, even before the pandemic, began to question the return on investment.

Here a settlement is going to take place.

Here a settlement is going to take place.

Jeremy Wheaton

President and CEO of ECMC Group

Price is increasingly an issue.

Tuition fees plus room and food for a four-year private college averaged $ 50,770 in the 2020-21 school year; according to the College Board, which follows four-year-in-state public colleges, it was $ 22,180 trends in university prices and student aid.

The significant increase in the cost of college has outpaced inflation and – even stronger – family income in recent decades.

After The Covid brought about the sharp economic slowdown by Covid, it is according to the Princeton Review’s biggest concern that affordability and the handling of the debt burden that often accompanies a degree is the biggest concern. 2021 College Hopes & Worries Survey.

According to the Princeton Review, 98% of families said financial aid would be needed to pay for university, and 82% said it was ‘extremely’ or ‘very’ necessary.

A majority of high school students also said they are now applying to colleges with lower sticker prices. Another third said they apply to colleges closer to home. The Princeton Review surveyed more than 14,093 people: About 80% were college applicants and 20% parents of applicants.

Students dream of going to university, said Robert Franek, editor-in-chief of The Princeton Review and author of ‘The Best 385 Colleges’. “But actually, so much will stay within a three-hour drive.”

Remote school has made it nearly impossible for many students to justify the expense. From the beginning, undergraduate students expressed extraordinary dissatisfaction with virtual learning, especially at the same high cost they had previously paid for personal training.

At George Washington University, about 10% of the first-year class decided not to enroll when the school announced that the campus would remain for the fall. (George Washington was one of the few schools that offered a reduction in tuition for students studying at a distance.)

“Like most universities, the pandemic was a huge hit for our student body and our finances,” said Jay Goff, vice president of enrollment at George Washington.

In 2020, higher education institutions announced hundreds of millions in revenue losses, with approximately 500,000 prospective university students completely ticked off. (The government will send another $ 40 billion in aid to the country’s colleges and universities after President Joe Biden signed the $ 1.9 billion coronavirus relief bill.)

“We understand that schools are in a difficult situation, but so are students and parents,” said Franek of The Princeton Review.

Information dropped undergraduate enrollments by more than 4% this year National Research Center for Student Clearinghouse, with incoming first-years of autumn the biggest drop, sink 13% of a year before.

There is no rapid turnaround in sight for decline in undergraduate enrollment driven by the pandemic.

Doug Shapiro

executive director of the National Student Clearinghouse Research Center

“There is no rapid turnaround in sight for decline in undergraduate enrollment driven by the pandemic,” said Doug Shapiro, executive director of the National Research Center for Student Clearinghouse.

Shapiro said he expects continued declines in the fall of 2021, “but hopefully less steep.”

“There is much more work to be done to help bring learners back into higher education, especially among underprivileged groups who are struggling the most,” he said.

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