Fewer American high school graduates are going on to college, according to new statistics. Another datapoint for peak higher education?
Just under 66 percent of the class of 2013 was enrolled in college last fall, the lowest share of new graduates since 2006 and the third decline in the past four years…
Interesting demographics in terms of gender:
Women still attend college at a higher rate than men, as they have for decades. But the gap is narrowing: In 2013, 68.4 percent of female high school graduates enrolled in college, versus 63.5 percent of male grads. In the class of 2009, by contrast, 73.8 percent of women attended college, versus 66 percent of men.
An Economic Policy Institute blogger offers this graph:
The racial disparity in college attendance, meanwhile, shows little sign of improvement. Less than 60 percent of African-American and Hispanic members of the class of 2013 were enrolled in college last fall, compared to 67 percent of white graduates. The numbers are volatile from year to year, but neither gap has narrowed meaningfully over the past 20 years. Moreover, young black and Hispanic Americans also have a higher unemployment rate than whites, suggesting they aren’t choosing to skip college because of strong job prospects.
Looked at in terms of the peak higher education concept, this shows more evidence for declining participation in academia. Put another way, it’s a sign of a grand market correction.
Do you think this trend will continue?