Enriching Education - College enrollment down 2.9 mil students, but revenue up $15.2 bil

 Enrollment in US colleges and universities has sharply declined over the last decade, but does that mean schools are seeing less revenue from tuition? 

In the new report from MyElearningWorld.com, we found that even though college enrollment has dropped by a whopping 14.4% since 2013, colleges and universities are still raking in 5.6% more in tuition revenue from students.

Other Interesting Data:

• College enrollment is down 2.9 million students over the last decade
• Total annual revenue for US colleges from tuition and fees has increased by at least $15.2 billion over the last decade
  
• In 2023, community college tuition only rose a bit to $4,014 per year, for a total of $18.8 billion in tuition revenue (4.67 million students). It’s worth noting that two-year colleges are the only type of school to lose tuition revenue over the last decade.
• In 2023, public university tuition at four-year schools rose to $11,378 per year, for a total of at least $86.5 billion in tuition revenue (7.6 million students).
• In 2023, tuition for four-year private universities increased to $40,976 per year, for a total of $181.1 billion in tuition revenue (4.4. million students).

You can view the methodology, stats on college enrollment by year, as well as data visualizations here: https://myelearningworld.com/college-enrollment-tuition-revenue-2023/

With loan forgiveness on everyone's minds, it's worth adding to the conversation: do colleges have any incentive to lower costs?