Rising Economy Hits Colleges

    NEW YORK, NY - JULY 01:  People walk on the Columbia University campus on July 1, 2013 in New York City. An interest rate hike kicks in today for student loans, an increase for 7 million students. Congress left town at the end of last week failing to prevent rates on new Stafford student loans increasing from 3.4 percent to 6.8 percent.  (Photo by Mario Tama/Getty Images)

    Mario Tama/Getty

    College enrollment boomed in recent years as people sought to upgrade skills and hide from a feeble labor market. But as the economy gains momentum, colleges are finding it harder to fill their classes—especially at community and for-profit colleges. Adults who enrolled in school because of a crummy job market are now being pulled back into the working economy. Enrollment fell by about 2 percent in the 2012–13 school year. Ivy Leagues, which will always have a willing population of attendees, will not feel the impact as much as the colleges we don’t see in U.S. News and World Report rankings. Many schools that rely largely on tuition dollars are concerned about keeping their doors open.

    Read it at The New York Times