
For the first time, students aged 18 to 20 are the largest share of first-time associate degree earners. The driving factors are a combination of dual enrollment expansions that allow high school students to earn college credits, while also more graduates bypassing traditional four-year colleges in favor of faster, cheaper credentials.
This comes from the latest data from the National Student Clearinghouse, which tracks college enrollment.
By The Numbers
- 3.4 million undergraduate credentials awarded in 2024-25, up 3.2% year over year, according to the National Student Clearinghouse Research Center (NSCRC).
- 865,400 associate degrees (+2.6%) and 579,400 undergraduate certificates (+3.2%, a decade high).
- 32.6% of first-time associate degree earners were 18 to 20 years old, surpassing the 21-to-24 age group for the first time.
- Nearly 50% increase over the past decade in 18-to-20-year-olds receiving associate degrees.
- Community college enrollment rose 3% last fall, compared with 1.4% at public four-year schools. Private nonprofit four-year enrollment fell 1.6%.
What’s Driving It: Cost is the most obvious factor. Average tuition and fees at two-year public schools came in at $4,150 for 2025-26, versus $11,950 at four-year public in-state institutions and $45,000 at four-year private colleges, according to the College Board.
Borrowing changes are reshaping decisions, too. President Trump’s One Big Beautiful Bill Act introduced new federal student loan borrowing limits set to take effect in 2026, pushing more families to consider student loan debt loads against expected earnings.
The same legislation expanded Pell Grant eligibility to students enrolling in workforce training programs at community colleges. This money was previously reserved for degree-seeking undergraduates, and is now expanding to workforce programs in later 2026. So while this doesn’t impact the data looking backward, it will likely accelerate the trend moving forward.
Transfer Caveat: Community college is often pitched as a low-cost way to start the process to a bachelor’s degree. However, only about one-third of students who start at a community college eventually transfer to a four-year school, according to long-term studies. Students who finish an associate degree before transferring tend to have some of the highest bachelor’s level graduation rates.
Some states are now offering bachelor’s degrees at community college as well.
How This Connects: Community college economics keep getting more attractive as four-year sticker prices climb and federal borrowing limits tighten.
With Workforce Pell starting this summer and certificate completions hitting a decade high, families weighing the return on a four-year degree have more credible alternatives than they did even a few years ago. The College Investor has tracked how rising tuition, shifting Pell rules, and new loan caps have reshaped the math on whether (and where) to borrow for college.
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