The good news is that there will be less college grads with tons of debt and no job prospects.

The Hechinger Report has the story.

College enrollment declines for fourth straight year

Enrollments at colleges and universities dropped for the eighth semester in a row this fall, down nearly 2 percent below what they were last fall, new figures show.

The number of students over 24 continued to decline sharply—more than 4 percent—according to the National Student Clearinghouse Research Center, which tracks this. Enrollment at four-year for-profit institutions plunged by nearly 14 percent.

Four-year public universities and colleges saw an incremental increase in their number of students, up by less than half of 1 percent. Enrollments at private nonprofit institutions fell by more than 3 percent.

“This fall’s numbers show ongoing challenges for colleges and universities,” said Doug Shapiro, the research center’s executive director. “Adult students are still leaving higher education in large numbers, particularly for-profit institutions and community colleges.”