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The Changing Higher Education Landscape

Michael Lovenheim (), Rajashri Chakrabarti and Kevin Morris
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Kevin Morris: Research and Statistics Group

No 20160906, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: The past decade and a half has seen dramatic changes in the higher education landscape, characterized by significant growth in enrollment. This growth has been concentrated mostly in for-profit schools, where enrollment skyrocketed in the first decade of the period, nearly quadrupling between 2000 and 2011. The post-2011 period has been marked by an abatement of this growth. These patterns have strong implications not only for the higher education market but also for the labor force and the economy more broadly. Therefore, it is essential to understand the evolution of the different sectors of higher education over the last sixteen years; in this post we aim to do just that. How have the different sectors of higher education changed during this period, in particular the for-profit sector? Is the story here more about enrollment in existing schools, or were there differential entries and exits of for-profit schools? This post is the first in a four-part series looking at different aspects of the changing higher education market, including enrollment growth and its composition, student loans, and student loan defaults.

Keywords: higher education; For-profits; community college; enrollment (search for similar items in EconPapers)
JEL-codes: J00 Q1 (search for similar items in EconPapers)
Date: 2016-09-06
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