KEY POINTS
  • College enrollment has been falling steadily for a decade and, since 2020, student numbers have fallen by 1 million.
  • Many prospective and current students no longer see the value that a college education actually does still afford.
  • U.S. colleges should emulate the customer service innovations of successful private corporations to turn public perceptions around.

College enrollment in the U.S. has dropped by roughly 1 million students since 2020. And while the pandemic contributed to that decline, it didn't cause it. Enrollment has been falling for nearly a decade.

These numbers should be a wake-up call for my fellow college administrators — and everyone who cares about social progress and a robust economy.