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[–]RandomCollection[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

There are 2 factors that are in play here. The first is that the US experienced a decline in the birthrate after 2008 with the recession. The second is that the fewer people are going to see college as worth it with so many underemployed graduates.

[–]Maniak🥃😾 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

A third would be the price when compared to the overall economy and what people can afford.

A fourth would be the quality of the provided education, or lack thereof. Which also ties into the second, especially in the context of the third.