Besides "woke" colleges, I definitely think more young people are wising up! Apparently many got up and voted the right way!! Hopefully more are looking for sustainable futures!! The trades are more secure futures, and capitalism will be strong again!!
University costs are ridiculous. And so there's the student loans that need to be taken out. I don't see the reason for going to a university unless you are studying medicine, engineering, or something in the sciences. Anything else can probably be accomplished in a two year program, and there's many two year programs for trades. Trades pay decently, and there's more of a need for a plumber than there is for a person degreed in womens' studies.
Affordability and a clearer path to a career seem to be two of the biggest reasons. Some professions will require a specific degree: Engineering, Accounting, Medicine, Law, Architecture, Education, I'm sure there are others. Getting a general Liberal Arts degree can be expensive, and there is no guarantee what kind of job you may get.
There's different levels of medical that can be done out of the university. Our youngest was at University for 8 yrs...degree in biochem, then four years of pharmacy. Her sis a bit older than her went 2 yrs of university for education originally, hated it there, went into a non university two yr program for ultrasound, and did that.
Our son did 4 yrs in film making at the university, graduated with honors. Total waste of time and money. He is a general manager at a plant nursery and loves it.
One of my cousins' son was talking about that last year at Christmas. He originally planned to go to university to study finance but started talking about a trade--either electrician or plumber. I suggested plumber--my friend who is a plumber charges as much as a lawyer and has a really comfortable life. Also, you always have a plumbing "emergency", very rarely is their an electrical emergency that you can charge a premium for.
The make-believe path to a better life has always been "college", but now people know that unless you select the right degree - college just means getting a mediocre job plus a ton of debt. You can go to a 2 year school without debt and make $70k a year or you can go to a 5 year school with $100k+ of debt and make $50k a year. Colleges are going to go the way of newspapers as time moves forward. They will never go away, but there will be a whole lot less of them.
Most of the "degreed" paths can be done by a data base, hands on brain and hands can't and people are , especially the younger generations realizing that being indoctrinated to be a minion for the WEF is not a place where they want to be.