🇺🇸🏦🏭Fewer and fewer young people are interested in higher education in the USA, leading to the appreciation of trades‼️
Rising college costs and concerns about student loan debt are pushing high school students to choose a career-focused path instead of a four-year degree.
The increasing opportunities in trades with secure job prospects and high earning potential are transforming Generation Z into the so-called “toolbelt generation.”
Four years after the start of the Covid pandemic, over 900,000 fewer students are enrolling in college.
According to the latest report from the National Student Clearinghouse Research Center, the overall rate of high school graduates choosing college remained unchanged in 2023 compared to the previous year, which Doug Shapiro, the Center’s executive director, deems as a “favorable sign.” However, the data show that the rate of delayed graduation is significantly higher among students from low-income high schools.
“The large and growing gap between low-income and affluent students remains a concern,” said Shapiro.
According to reports from Junior Achievement and Citizens, the increasing costs and concerns about high student loan balances are increasingly prompting high school students to make alternative plans after high school. The report from Junior Achievement and Citizens was conducted in July with 1,000 teenagers aged 13 to 18.
Approximately half, or 49%, believe that a high school diploma, trade school, two-year degree, or other type of program is the highest level of education needed for their expected career path.
Even more, 56% believe that real-world and workplace experience is more beneficial than obtaining a higher education degree.
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