HIGHER EDUCATION 2023 SPECIAL SECTION
Declines in Enrollment An enrollment crisis hit colleges and universities across the nation over the last few years . High school graduates and disenrolled college students have instead been seeking out jobs , since the pot is sweetened for entry-level roles as companies try to fill their talent pipelines . According to a recent survey conducted by ResumeBuilder , more than half of the hiring managers surveyed said they lowered the education requirements for entry-level positions , stating that they did so due to the labor shortage .
While some high school grads are choosing to start their careers , data does show that first-time freshman enrollment is up , and higher education is looking at a variety of ways to satisfy students ’ desire for flexible learning models and prevent disenrollment .
As a new school year begins , many students are entering their final years of high school , their first years of college , or even breaking into the career world with their first full-time job . Big decisions are either in their near future or just settled by way of college , career , or advanced degree , with all wondering if the choices they are making will prepare them for a successful future .
As we settle into a lifestyle much different than just a few years ago , many students are choosing to take their future into their own hands , figuring out what ’ s really important to them , how to define success and what would get them there .
The 2023 graduates entered a strong labor market , but inflation and the rise of living expenses — all matched with the looming debt of college — have students facing a decision on whether the value of a college degree is worth the price .
The Cost of Higher Education
Making college more affordable is on the minds of many higher education leaders , encouraging a harder look at potential longterm solutions to help students avoid taking on large amounts of debt . But in the meantime , cost is a huge barrier for many students who have hopes to pursue higher education .
Students incur an average of $ 30,000 in debt after graduation , setting them up to start out in the red as they enter the working world . Many parents try to ease that burden by saving for their kids from an early age , but even then , parents find themselves averaging $ 35,000 in loan debt post-graduation . Overall , about 45 million Americans have student loan debt , according to the most recent data from the U . S . Department of Education — a cost that leaves many incoming freshmen wondering if it is worth the price .
Technology in ( and out of ) the Classroom
To make higher education more attainable for all , there has been a shift toward a digital-first approach . Online learning continues to grow in popularity , with most — if not all — institutions establishing options for partial or full online learning capability . This flexible option provides students and professors the ability to learn and teach from virtually anywhere anytime . Students unable to relocate may have the opportunity to attend a school anywhere in the world .
This flexible learning also makes it possible for working students to complete schoolwork after a workday , and is an additional incentive for those who have employers offering tuition reimbursement .
Corporate Partnerships
The competition for suitable employees is hot as the labor shortage continues , leaving companies and corporations to choose from a limited pool of talent . Many organizations are losing out on talent due to higher wages or additional incentives not possible from all employers . Corporations are stepping up their recruitment game , partnering with institutions to ensure that classroom curriculum aligns with the job skills they are requiring . Many of these corporate-institution partnerships result in placement programs that provide students with a job after graduation — a win-win-win for all parties involved .
These trends give us a hopeful outlook for students entering college or the workforce ( or both ) this year .
10 College Majors That Hold Promising Career Paths The demand for talent continues to rise for all industries , so choosing just one path may be challenging when there is so much opportunity out there . Students looking to enroll in a college or university should take time to explore their strengths and passions .
As Mark Twain once said , “ Find a job you enjoy doing and you will never have to work a day in your life .” While that may not always feel true , it is important to find value in the work you do . When choosing a college major , think about what fuels you , what interests spark joy , and what you could see yourself doing until retirement .
Almost all industries are looking for talent , but the following majors are in demand , according to Indeed . com :
Continued on page 43 >
BETHEL PARK ❘ FALL 2023 41