U.S. undergraduate enrollment continues to fall

(KYMA, KECY/ CNN) - College enrollment is on a dramatic decline as U.S. undergraduate enrollment has dipped 3.2% since fall of 2020.

It comes after a similar drop of nearly three-and-a-half percent the year before.

That's according to data released Tuesday by the national student clearinghouse research center.

The organization says if the rate of decline holds, it would be the largest two-year higher education enrollment drop in the last 50 years.

Analysts blame the labor market luring young people away with increased wages.

However, graduate enrollment at colleges and universities is growing…

It’s up more than five percent over the last two years.