Enrollments at non-profit schools hardly budged, with only 15,000 students dropping from last fall. Four-year public schools were the only sector that saw enrollment growth, which crept up by .4 percent.

The data comes from the National Student Clearinghouse, which has tracked this trend since 2012.

“Overall, traditional age students are continuing their slow declines and adult students are still leaving higher education in large numbers, particularly for-profit institutions and community colleges,” Doug Shapiro, executive research director of the National Student Clearinghouse Research Center, said in a press release.

The good news is that students have skipped out of school in favor of job opportunities.

Enrollments tend to fluctuate with the economy. During a recession, students choose graduate school over a weak job market, and others choose to return to school for certifications or degrees to become more marketable.

With enrollments, for-profit and community colleges can be expected to reflect a change quicker. Their students tend to be older and less wealthy than younger students at four-year colleges, and the schools focus more on career and skills training. Their graduation rates are lower, on average, than a traditional four-year school. When the economy grows and a job is available, those colleges can’t compete.

As students at for-profits and community colleges disproportionately drive student loan debt, and defaults, the fall in enrollment could signal a change where marginal students start their careers instead of piling up debt for themselves.