College isn’t what it used to be and the push to go to a four year university is significantly waning as both students and their parents are losing confidence in the ROI of both money and time into any particular field of study.
Students simply are not seeing the opportunities they once expected from spending 4+ years of their lives dedicated to studying a subject. They’re finding that they have fewer job offers upon graduating, and many of them do not end up working in their desired field.
This on top of the effects of the COVID pandemic have resulted in a significant decrease in university enrollment and the majority of higher educators are concerned for the financial status of their schools.
Lately, too often students are enrolled in a college and that school shuts down due to financial hardships. In these cases, transcripts may be transferred elsewhere, but it can be a complicated process with legal difficulties along the way. Students may need help from their local legal aid office to navigate the circumstances.
Learn more about why colleges are going out of business in the infographic below: