Skipped college in ’21? Go this fall
For financial reasons, this autumn is an ideal time to resume education
The pandemic upended what it meant to be a college student as newfound barriers to learning cropped up in spring 2020: Inperson classes were forced online, family obligations became more pronounced and economic difficulties spread.
“All of these factors just came together to create this perfect storm,” said Mamie Voight, president and CEO of the Institute for Higher Education Policy, a nonprofit focused on college access. Students from low-income backgrounds and those with responsibilities outside of school — like jobs and kids — faced the steepest challenges.
There were 5.1 percent fewer students enrolled in fall 2021 than fall 2019, according to estimates from the National Student Clearinghouse Research Center. And between fall 2019 and fall 2020, the percentage of students who reenrolled fell the most since 2009.
Yet, it may be time to return, especially if you had to sit out any of the last two years. A strong job market and earnings increases for low- wage workers can make higher education less appealing. But the long-term picture remains clear.
Those with no college education see median lifetime earnings of $1.6 million, according to the Georgetown University Center on Education and the Workforce. That’s $1.2 million less than the $2.8 million of median lifetime earnings for those with a bachelor’s degree. The median associate degree holder sees lifetime earnings of $2 million.
“For students, the answer is pretty clear that going to college is a better choice economically, than not going,” Voight said.
The longer you wait to go back, the less likely you are to attain a degree, according to the National Student Clearinghouse Research Center. And for those who have delayed going to college, it comes with a cost: The Federal Reserve Bank of New York estimates that postponing college for a year results in a potential $90,000 loss in lifetime earnings.
Colleges adapt
Students have returned to campuses, but many colleges are keeping the changes they’ve made.
Community and four-year colleges have adjusted to better reach students, said Matt Bergman, an associate professor of organizational leadership at the University of Louisville.
“We have so many opportunities for students to come back in ways that they wouldn’t have been able to as recent as five years (ago),” said Bergman, who studies adult learning and degree completion.
Course offerings have become more flexible, with in-person and virtual classes and also hybrid formats. They’re also becoming available in synchronous (learning with a class) and asynchronous formats (learning at your own pace).
Community colleges made many changes to meet the needs of their students, said Martha Parham, the senior vice president of public relations for the American Association of Community Colleges. These lasting transformations can make it easier for students to return.
“I do think the pandemic has changed the landscape in the course offerings and that change is going to stick,” Parham said. “So that looks different in different places, in different students, in different colleges, but a lot of services and programs were put into place to ensure student success at every level.”
Student support available
This fall, college students have more federal financial support available than in years past.
The annual maximum Pell Grant, aid you don’t have to repay, has increased $400 to $6,895 for the coming academic year. Pell Grant eligibility is determined by your financial situation and the cost of attendance at the institution you’re considering. To be eligible, you need to submit the Free Application for Federal Student Aid, also known as the FAFSA.
Many colleges also have more financial resources available than in years past, thanks to $76.3 billion in federal pandemic assistance funds provided to institutions.
“Right now, in particular, is a great time to go to community colleges because they have a lot of resources that are directly available to students,” said Parham. That includes funding for tuition and books, transportation, food and housing assistance and technology.
If you need child care, pick the school that offers it, Bergman said. If you have work experience, look for colleges that offer prior learning assessments, giving you college credit for the skills you’ve gained. The important thing is to pick a school that best fits your needs.
Application deadlines for fall have passed at four-year colleges, but you can often enroll in community college shortly before the semester begins. If a bachelor’s degree is your goal, going to community college, then transferring can save you money — but be careful to plan your classes to make sure the credits transfer to a bachelor’s degreegranting institution.