Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Illustration: Sarah Grillo/Axios

As more and more employers nix college degrees as a hiring requirement, students are choosing cheaper, faster alternatives to college like coding boot camps.

Why it matters: The cost of college keeps climbing, and federal student loan debt sits at a whopping $1.6 trillion. Students are debating whether college is worth it — especially when it may no longer be necessary to get a high-paying job.

What's happening: College enrollment was down around 5% this spring compared with the spring of 2020, according to the National Student Clearinghouse. That's nearly 730,000 fewer students.

  • The pandemic is contributing to the drop as students choose to delay college either because they can't afford it or because they don't want to attend remote classes. But universities were hurting before the pandemic and will keep struggling after it, says Ryan Craig, managing director of Achieve Partners, a venture capital firm focused on the future of higher education.
  • "The underlying crises of affordability, completion and employability continue unabated," he says.
  • So for many students, training programs or boot camps that can teach technical skills in a matter of months can be a smarter bet than a traditional college or university.

At the same time, a number of large employers — including Google, Bank of America, EY, Apple, IBM and Penguin Random House — no longer require college degrees.

  • Training programs are especially effective when getting jobs in software, IT and health care, Craig says. And interest in these programs has been surging during the pandemic.
  • "A lot of companies are realizing that you don't need a more traditional college education to be a good software engineer," says Kate Lillemoen, who dropped out of college and enrolled in a coding boot camp with Tech Elevator. "It's changing very quickly." She now has a software job.

But, but, but: There are still millions of jobs that do require college degrees, and even for the jobs that don't, there is still a hiring bias that favors degree-holders.

  • On top of that, there are not nearly enough training programs to prepare America's workforce for the jobs of the future, says James Rhyu, CEO of Stride Inc., an education company.

The bottom line: "We need a cultural shift," Rhyu says. "We have generations and generations of parents that are just conditioned that their kid should go to college. But our country's mantra should be, 'No college required.'"

Go deeper

Felix Salmon, author of Capital
Updated Sep 17, 2021 - Economy & Business

America fought the pandemic economy — and won

Illustration: Sarah Grillo/Axios

The U.S. economy is emerging from the pandemic with more well-paying jobs for those who want them, less hunger, less poverty, higher wages, less inequality, and more wealth for everyday Americans.

Why it matters: None of these outcomes were expected when the pandemic began. All of them are the result of massive government programs.

2 mins ago - World

Trudeau's government projected to win Canada election

Canadian Prime Minister Justin Trudeau. Photo: Jeff Vinnick/Getty Images

Canadian Prime Minister Justin Trudeau's Liberal Party has been reelected in the national election, the CBC and CTV News projected on Monday night.

Yes, but: "It's still too early to say whether it will be a minority or majority government," the Canadian Broadcasting Corporation reports.

Pelosi's back-to-school math problem

Illustration: Sarah Grillo/Axios

House Speaker Nancy Pelosi (D-Calif.) may need votes from an unlikely source — the Republican Party — if she hopes to pass the bipartisan infrastructure bill by next Monday, as she's promised Democratic centrists.

Why it matters: With at least 20 progressives threatening to vote against the $1.2 trillion bipartisan bill, centrist members are banking on more than 10 Republicans to approve the bill.