Community Colleges in the US
The Community Colleges industry, which primarily offers associate degrees, certificates or diplomas below the baccalaureate level, has experienced slight declines over the five years to 2019. The economic downturn prior to the current period caused government funding for industry institutions to decrease. Government funding represents a vital source of income for most community colleges. Moreover, enrollment in industry institutions has declined, reducing industry revenue and constraining profit margins. Over the five years to 2024, industry revenue is forecast to rebound as government funding for universities increases and unemployment returns to its natural rate.
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.
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