As an industry that relies on grants and appropriations from government agencies, the Community Colleges industry has suffered in recent years from prolonged government budget deficits that have constrained funding for higher education. The industry has experienced mitigated growth over the five years to 2018, as total enrollment in industry institutions has declined over the past five years as the rising cost of tuition has been compounded by steady improvements in the US labor market, which has encouraged many potential students to pursue full-time employment instead of paying for community college courses. Over the next five years, the industry is projected to return to steady growth due to renewed government education funding. In the coming years, steady demand for skilled professionals such as nurses and electricians will stimulate enrollment in technical and vocational courses.
This industry includes public, private nonprofit and for-profit community colleges. These postsecondary educational institutions offer college transfer courses and programs, occupational programs and general educational programs. Community colleges generally confer associate degrees, certificates or diplomas below the baccalaureate level. This industry does not include trade and technical schools (IBISWorld report 61151) or business certification and IT schools (61144).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.