Millennials are pursuing more master's degrees and online learning opportunities due to decreased job opportunities and the ability to earn higher salaries with an advanced degree. They also prefer collaborative learning experiences over traditional lectures. Higher education institutions need to expand their online and graduate programs to attract these students. When choosing a college, millennials consider academic reputation, cost, career outcomes, and opportunities for collaborative learning to be most important. Schools must market themselves using social media, personalized interactions, and data-driven communications to appeal to millennial preferences.