[ojosilva]

As far as the data goes, adjusted for inflation, tuition and fees have eased up in the last ~5 years [1]. But overall, college enrollment has been going down anyway [2], except for 2025, where it hints at a slight rebound.

So I'd say we have to consider the full set of drivers that can correlate: overall rising cost of living making it very expensive to be at a university full-time, general labor market sentiment which is mostly down since covid, interest rates and debt risk which are still high despite recent cuts, etc.

1. https://www.nbcnews.com/news/education/college-costs-working...

2. https://educationdata.org/college-enrollment-statistics