Students are shifting away from four-year degrees toward certificate and associate degree programs. A new study by the National Student Clearinghouse Research Center finds that enrollment in bachelor’s degree programs increased by just 0.9% in fall 2025. By comparison, enrollment in undergraduate certificate and associate degree programs rose by 1.9% and 2.2%, respectively. CNBC’s Jessica Dickler breaks down the reasons behind this trend.
Produced and Edited by: Jeff Huang
Reporting by: Jessica Dickler
Managing Producer: Anuz Thapa
Senior Director of Video: Lindsey Jacobson
Additional Footage: Getty Images
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Why More Students Are Forgoing Four-Year College
Produced and Edited by: Jeff Huang
Reporting by: Jessica Dickler
Managing Producer: Anuz Thapa
Senior Director of Video: Lindsey Jacobson
Additional Footage: Getty Images
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to get ahead at work with AI? Sign up for CNBC's new online course, Beyond the Basics: How to Use AI to Supercharge Your Work. Learn advanced AI skills like building custom GPTs and using AI agents to boost your productivity today. Use coupon code EARLYBIRD for 25% off. Offer valid from Jan. 5 to Jan. 19, 2026. Terms apply. Sign up today: https://cnb.cx/4qKBe6H
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Why More Students Are Forgoing Four-Year College