How the Education Industry Is Set to Change in 2021

How the Education Industry Is Set to Change in 2021
May 1, 2021 No Comments Blog Luke Thorpe

Over the course of the last few months, Covid-19 has accelerated change in an industry that was not the focus of our attention before due to disruptions in other industries around the world. This industry is education. Students and teachers alike have been facing their own hardships as schools switched to virtual formats with little to no warning. Despite these disruptions, certain changes to the education industry seem poised to stick around even after the pandemic ends. With 2021 fast approaching, the total effect of this change on the education industry remains to be seen. With that in mind, here are a few ways how the education industry is set to change in the coming future:

More Emphasis on Trade Schools or Bootcamps

Traditional educational institutions such as colleges or universities are on a decline in favor of alternative sources, such as trade schools or bootcamps. The biggest cause of this change has been the rising cost of colleges and universities. According to CNBC, tuition has increased from 2008 to 2018 alone in all 50 states by an average of 37 percent. These costs have become so extreme that many worldwide are forced to take on student debt to receive their education. Given this trade-off, many have opted to attend cheaper trade schools to help them enter the same career path in a quicker time. Specialized schools such as Springboard focus on teaching students everything there is to know about data science at an accelerated pace. Additionally, many of these trade schools are already in an online format, which means they didn’t struggle to adapt as much during the pandemic. On top of this, they can accept students from all over the world, which opens up more education for all. Due to this, trade schools may enjoy higher enrollment in the coming future.

Stronger Reliance on Technology

Technology has slowly been merging into the education industry for some time, but its use in the educational process wasn’t completely embraced. After the pandemic, there’s reason to believe that a great reliance on technology as a part of the teaching process may occur. In higher levels of education, teachers already stress that digital textbooks can save students money while offering the same benefits as physical copies. Additionally, students studying to become software engineers, or some other similar profession, need to have access to computers so that they can practice coding and develop other skills pertinent to such a career path. In general, the use of technology in the educational process has become much more widespread and accepted than ever before. Following the return of in-person teaching at the end of the pandemic, it seems likely that the use of technology during teaching will not fade.

Higher Educational Enrollment

Interestingly enough, educational enrollment may actually increase over the next few years as the number of educational institutions rises with more trade schools. In fact, it’s been reported that 91 percent of children in developing regions were enrolled in school during 2015, up from 83 percent in 2000. This equates to 43 million children, making it an astounding statistic. The rise of trade schools and cheaper sources of education is helping contribute to this change on a global scale and allowing more people to attend school as a whole.

Conclusion

Education is an interesting field to watch in the future, as the changes will likely be rapid and unprecedented. With this in mind, there are a few key insights to view today that may give clues as to where the future of the education industry is headed. Both students and teachers alike will need to adapt to these changes in advance if they hope to succeed in education.

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