As members of Gen Z continue to graduate high school and enter adulthood, many elect to forgo traditional college degrees.
That’s in part because of the cost of getting a bachelor’s degree, they tell CNBC Make It. The annual cost of attending a four-year, in-state public college increased by about 30% between 2011 and 2023, according to Make It calculations based on data from the Education Data Initiative, and went up by 42% at private, nonprofit four-year colleges.
“There are about 2 million fewer students in a traditional four-year university now than in 2011,” says Nich Tremper, senior economist at payroll and benefits platform Gusto.
Read more at CNBC.
