It’s quick. Most trade licenses require less than two years of training or schooling to acquire. Compare that to the average time it takes to earn a bachelor’s degree: 5 to 6 years! It’s preprofessional. The skills trade schools teach are designed for the workplace. That means you will graduate with a marketable certification and career ready. Compare this to liberal arts fields of study, where majoring in visual art or literature may mean that the pathway to a career is less defined. It’s more affordable. According to Vocational Training HG, “the overall average cost of vocational school in the United States is about $33,000” and “the average cost of a Bachelor’s degree is $127,000.” Less cost means less debt. This means there will be fewer debilitating loans to repay post-graduation, and greater financial freedom. It’s accessible. College is not for everyone, and the risks of starting, but not completing school are high. The Institute of Education Statistics estimates that “40% of attendees at a four-year college drop out before completing their degree” and “64% take longer than four years to graduate.” This means that those who decide not to complete college still have to pay the cost of a degree they didn’t obtain. There’s demand. With more and more millennials and Gen-Y’ers getting bachelors degrees, there is a hole in the supply of young tradespeople. As current trades workers age in the industry, the demand for you talent will skyrocket.
Gearing up for SAT and ACT season? Countless families are shifting from summer mode to college prep mode as the application deadlines for most major universities draws near. Not surprisingly, many high school juniors and seniors have thought only of where they will attend college. In fact, not many been of these students have been asking themselves if they want to attend a four-year academic institution at all. As it turns out, “do I want to get a bachelor’s degree?” may very well be the $55,000/year question of the year. For the last four decades, the United States experienced a cultural push for adolescents to earn bachelor’s degrees. In fact, data collected by the United States Census Bureau indicates a over a 28% percent increase in bachelor’s degree holders in 65 years: from 5% in 1940, to 33% in 2015. This year alone, around 33.4% of Americans reported having earned at least a bachelor’s degree, with many within that cohort having gone on to earn master’s and doctoral degrees. Statistics from the Bureau of Labor Statistics show the substantial difference in earning potential for those with academic degrees and those without, the latter earns approximately $464 less in average weekly pay. It seems only natural then, to assume that most American parents intend on sending their children to four-year institutions to secure a bachelor’s degree, and, hopefully, higher salaries in the future. But is committing to four years of study, $30,000 worth of student loan debt and an uncertain hiring pool the only option for leading financially secure adult lives? Perhaps not. Recently, a contributor to PBS published an article claiming that the nation’s emphasis on attaining bachelor’s degrees after high school caused a number of adverse effects; particularly the erosion of vocational industries. You might be thinking, “what’s the big deal?” With a shortage of skilled trade workers, the demand for these positions are steadily increasing. Not to mention, the salaries for these careers. Interestingly, the article states that “The United States has 30 million jobs that pay an average of $55,000 per year and don’t require a bachelor’s degree, according to the Georgetown center.” That is a big deal. A massive deal. But that is not all. Not only do a plethora of well-paying jobs exist that do not mandate $30,000 of debt, but “people with career and technical educations are actually slightly more likely to be employed than their counterparts with academic credentials, the U.S. Department of Education reports, and significantly more likely to be working in their fields of study.” Talk about thought-provoking, right? So we leave you to ponder this information as your high school juniors and seniors begin contemplating their post-graduation plans. It may be worth considering a broader range of paths, including the pursuit of a vocational education or trade certification. While the benefits of college cannot be measured solely by one’s income, the desire to build a stable future for your kids may be more attainable than what we have been led to believe.
