In today’s economy, earning a college degree is still a winning choice. The unemployment rate for Americans with bachelor’s degrees or higher is just 3.2 percent, compared to a national average of 6.1 percent. So why, then, did college enrollment last year fall by nearly half a million?
Between 2012 and 2013, the Census Bureau reported last week, 463,000 fewer people were enrolled in college. In fact, this is the second year enrollment has fallen by that much, bringing the two-year total to 930,000 fewer college students, bigger than any drop before the recession. The Census Bureau has been collecting this data through the Current Population Survey since 1966.
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