Was speaking with a professor at a local university who was explaining the enrollment issues for universities in the next decade. He said enrollment will decline and continue to decline as a result of low birth rates as a result of the 2008 - 2009 recession. As a result he expects tuition to only grow at a rate of 2% per year vs 6% that is occurring with local private high schools. While there is a silver lining in lower tuition for students, schools will be faced with difficult decisions on staff and programs.
I have attached an article that says top 50 universities will not be affected as top students will still want to go to top tiers schools. Who will be affected will be regional universities and most especially private universities.
This is already being felt at UofL from what I had heard. Speed School and the Business School are the only two programs growing while other programs are flat or declining. The great thing UofL has going for it in my opinion is it’s ACC membership. Being included in the same group of top academic institutions in the ACC will only help differentiate UofL from other regional universities.
College students predicted to fall by more than 15% after the year 2025
I have attached an article that says top 50 universities will not be affected as top students will still want to go to top tiers schools. Who will be affected will be regional universities and most especially private universities.
This is already being felt at UofL from what I had heard. Speed School and the Business School are the only two programs growing while other programs are flat or declining. The great thing UofL has going for it in my opinion is it’s ACC membership. Being included in the same group of top academic institutions in the ACC will only help differentiate UofL from other regional universities.
College students predicted to fall by more than 15% after the year 2025
