College Enrollment Drops 2.3%

The Wall Street Journal reports:

After decades of growth, college enrollment nationally dropped 2.3% this spring, compared with spring 2012, according to a report released by the National Student Clearinghouse Research Center. The decline is poised to continue. The number of U.S. high-school graduates peaked at 3.4 million in 2010-2011 and is projected to fall to 3.2 million by 2013-14, according to the Western Interstate Commission for Higher Education. The dip in graduates has been particularly pronounced in the Midwest and South.

High prices reduce demand.