Am thinking we are at peak or past peak higher education due to the population demographics:

A critical way employers can address hiring shortages and broaden the pool of candidates for open roles is by eliminating the bachelor’s degree as a minimum hiring requirement, and instead accepting candidates with alternative credentials that in fact may be more applicable to the job.

Source: Skilled workers shouldn’t miss out on good-paying jobs simply because they don’t have a bachelor’s degree

Coldstreams Skeptic