Forecasts for Higher Education Trends Going Into 2021

When it comes to striving for a higher income level, having more opportunities, and better benefits, college degrees top the list of must-haves. Getting employment in your desired field will likely require some form of education, whether it be in person or with online learning. As students continue to seek out higher education, there are some noticeable trends that are likely to follow going into 2021.

Degrees Offer More Employment Opportunities

After a quick look at the employment statistics for the year 2019, it becomes overly clear that those with degrees have more employment opportunities. A study showed that those holding degrees were at an employment rate of 86 percent. Compare that to an employment rate of 59 percent of high school undergraduates, and you’ll suddenly realize why there has been an increase in online learning and flexibility in education from the adult population.

Tuition Costs Are On The Rise

A look at the cost of higher education and it might make your heart skip a beat. Tuition costs have more than doubled since 2008. During the recent 2019-2020 school year, statistics showed the average cost of public college tuition for the year was $27,120 for out of state residents. Those in-state saw a price tag of $11,260 for the year. Private schools, on the other hand, are charging around $41,500 per educational year.

The Number of Non-traditional Students Is on The Rise

Those straight out of high school are not the only ones seeking out college degrees. Given the employment outlook for those without a valid degree, this is no surprise. Many people who have a full-time job are taking on the extra task of online learning. With so many education opportunities available that offer a high level of flexibility, non-traditional students are more capable of attending college than ever before.

Online Learning Is Growing Exponentially

As you have discovered, the rise in non-traditional students has bolstered the need to offer flexibility in the way education is taught. Online learning has been the main solution that has fit the bill will rise in growth of 15.4 percent in the year of 2018. It provides students with the flexibility to take courses online while still managing other life responsibilities. As colleges and universities recognize this demand for online learning opportunities, more and more are creating learning management systems to get their chunk of the new student demand.

Student Loan Debt Is Still on The Rise

One thing that continues to be synonymous with college degrees is student debt. Most individuals who graduate from a higher learning facility face some level of student debt. In 2019, student debt was recorded at $1.4 trillion dollars. This is an all-time high, and this number is expected to rise going into 2021. According to a 2018 study, one out of every three students between the ages of 18 and 29 have student loan debt. That is a lot of the population being chained down by debt and stuck with little flexibility in their monthly bills.

As you have learned, there are many trends in education that are expected to stick around going into 2021. As more people seek out degrees from online learning due to its increased flexibility, more student debt is expected. One thing is for sure, we can expect a more educated population in the coming years due to the flexibility of obtaining a degree. 

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