New Study Details Impact of Economic Crisis on College Enrollment: Report Drives Colleges to Ramp Up Services

Topping the list of likely changes facing this year’s freshman class: attending a less expensive college; a heavier reliance on financial aid; attending an in-state institution or one that is closer to home; working while attending school; living at home. Borrowing more heavily to finance their child’s higher education is a viable option cited by 38% of respondents. With 24% of respondents, consideration is being given to switch from the private school that topped their list to enrolling in a lesser-cost public university. Another 11% are considering enrolling in a community college where prices are generally much lower instead of the 4-year institution originally on their radar screen.