It’s that time of the year when both kids as well as adult “career enhancers” are heading back to school, but fewer and fewer students are turning to degree-granting for-profit institutions (eg, DeVry University and University of Phoenix) for their post-secondary education needs.
While for-profit enrollment climbed 14% per year on average over the 1995-2010 period (topping out at 9.6% of total post-secondary enrollments in 2010), enrollment fell at an average annual rate of 7.0% over the 2010-2015 period. That performance compares to 1.9% average annual growth in nonprofit private post-secondary school enrollment over the 1995-2010 period, and <1.0% average annual growth over the 2010-2015 period.