PRESENTATION OUTLINE
Trade school vs bachelors degree
The average trade school degree costs $33,000, which, compared to a $127,000 bachelor’s degree, means a savings of $94,000. But, If you assume that students are fully financing their education with loans at 4% over 10 years, the bachelor’s degree will cost $154,000, while the trade school degree will cost only $40,000. That’s a savings of $114,000 just on the degree.
a bachelor’s degree typically takes four years of study or more while trade school normally takes two years. which means that people who enter the workforce after receiving their bachelor’s degree aren’t doing so until age 22.
There is a massive increase in job availability over the next few years, and less than 1/3rd of these positions will require any type of traditional college degree.
salaries for trade school graduates aren’t that different to a four-year degree. According to the National Center for Educational Statistics, technical and trade school jobs have a median annual salary of $35,720. The average earnings for bachelor’s degree holders are roughly $46,900, amounting to an annual difference of $11,180.
Average Starting Salaries
