One sign the economy is getting better: Fewer parents are going to college

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One sign the economy is getting better: Fewer parents are going to college
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Roughly 22% of all undergraduate students — or about 3.8 million people — are raising children

Since she graduated from high school in 2004, Ashley Hill has been attending college on and off, but she’s still at least a semester shy of earning her degree.That’s perhaps an understatement in Hill’s case. A New Orleans native, Hill began attending college in her hometown after graduating high school all while caring for her young daughter.

‘I really wish I did have a degree because what if the momentum of everything stopped?’ —Ashley Hill, a parent who as been in and out of college Still, “it’s always lingering for me,” she said. “I really wish I did have a degree because what if the momentum of everything stopped?” But given the cost and the $75,000 in student debt Hill said she’s already accrued, finishing college — she believes she’s about 21 credits short of a degree — isn’t feasible.

Between the 2011-2012 academic year and the 2015-2016 academic year, the number of parents in school dropped 20% and the share of undergraduates who are parents declined 15%, IWPR found. A number of factors explain this trend. For one, undergraduate college enrollment is down overall. But given that in today’s economy workers without a college degree are at far greater risk of facing economic insecurity, colleges, universities and policymakers “need to be thinking strategically about how to make that decision worth it,” for parents, Reichlin Cruse said.

But in many cases, students who attend these schools struggle to find work after they graduate that will pay enough for them to repay the high debt loads they incur. Four major for-profit college chains have collapsed in the past four years under the weight of allegations they lured students with misleading graduation and job placement data. Those events have displaced so many students that they may be responsible in part for the drop off of student parents in college, the report found.

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