The COVID-19 pandemic intensified existing challenges in higher education, leading to a heightened awareness of financial strain and a shift toward more flexible and affordable programs.
Rising tuition costs and associated student debt deter potential students, with many families questioning the return on investment for certain academic programs.
Declines in enrollment for traditional degree programs are prompting increased college closures, largely due to financial strain and shifts in student preferences for skills-based training.
There is a significant demographic change occurring, as there are fewer college-age students entering the system, which impacts enrollment and the sustainability of institutions.
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