How Higher Ed Can Survive the Demographic Cliff

As the class of 2029 settled into dorm life this past August, the Federal Reserve Bank of St. Louis offered a startling data point: from 2019 to 2025, the jobless rate for recent U.S. college graduates grew at nearly three times the rate it did for young non-college educated workers. To be sure, the average unemployment rate (4.59%) for college graduates was still lower than it was for individuals without a degree (6.38%), but the bank's report fed an increasingly common question: is a four-year degree worth the cost? Read Full Article »