How Rising Tuition Poked a Hole in the College Bubble

Source: Reason
by Emma Camp

“Decades of rising tuition and fees may finally be catching up with America’s higher education system. According to data released in October by the National Student Clearinghouse Research Center (NSC), total undergraduate and graduate enrollment in the U.S. has declined by 3.2 percent since 2020. … While provosts may be panicking, future students could soon find themselves in a buyer’s market. As one consultant working on college tuition decreases told The New York Times in December, ‘colleges are unable to fill up their classes at the price they’re charging.’ That realization led Colby-Sawyer College, a small liberal arts school in New Hampshire, to cut its tuition by 62 percent. Immediately after the tuition ‘reset’ was announced, applications to the school increased 75 percent from the year before.” (03/14/23)