Deciding on what to do after high school is not the easiest of tasks. However, many people think they only have a 4 year college to focus on when in reality there are other options to consider especially as the job market changes and the need for technical trades rises.
Studies show that students with bachelor’s degrees made almost 29% more than those with associate’s degrees but there are other factors to consider such as the fact that graduating from a four-year college is one of the most surefire ways to increase your chances of employment and a higher income. According to the National Center for Education Statistics, young adults with bachelor’s degrees aged 25-34 had an average median annual income of $46,900 from 2000-2013. In contrast, young adults with only high school diplomas had an average median annual income of $30,000. That’s quite the difference!
Another option is transferring. According to a study by the National Center for Education Statistics (NCES), more than a third of undergraduates transfer at least once, and 11% transfer twice. And, believe it or not, we do indeed live in a country of “movers,” as about one in 50 students (2.3%) transfer three times or more. These students fall into several different categories. The NCES reports that, of all the students who transfer, the greatest number (37% of the total) transfer from two-year to four-year schools. Still, a significant portion transfer between four-year institutions (22%) and between two-year institutions (21%), and almost one in five (17%) “reverse transfer” from a four-year to a two-year school.
Why would you consider a trade school? Here are some solid reasons. First of all term. Trade school means you can start working on a career or business before 22. Furthermore, around half of all 4 year students end up finishing at a later date or dropping out or have to switch to part time at one point or another or permanently.
Cost is a huge factor. Student Loans are no joke! Student Loans account for some of the nation’s biggest debt. Aside from having to leave school later, and it coming at a higher price… on top of that, the market is competitive in all tiers of the workforce in this country so there are no guarantees.