Going to a four-year college seems like an automatic choice for many people when they graduate from high school. The obvious reason is more income. A college degree accounted for 15 000 $ in additional income per year versus a high school diploma according to the National Center for Educational Statistics. Over a 30 year career in the workforce, that adds up to a 450 000 $ difference. There are, however, a few drawbacks with this happy picture. Namely this is the main reason many people to prefer enrolling in online trade schools instead of college. A bachelor’s degree typically takes 4 years of study which means that people entering the workforce after receiving their bachelor’s degree aren’t doing so until age 22. Cost is another drawback. In the United States the average bachelor’s degree cost is 127 000 $. Some people simply are not prepared for the rigors of a four-year college and that is the third drawback. The Institute of Education Statistics estimates that forty percents of the attendees at a 4-year college drop out before completing their degree. Not only have you incurred some of the expense of college if you find yourself as a part of that 40 %, you left without receiving a degree.

Online trade schools

There are many factors that make people to prefer online trade schools to colleges. According to the statistics 40 % of the attendees at a four-year college drop out before completing their degree. People approaching high school graduation should seriously consider trade school, particularly in case they are not at the top of their class. These schools offer a pretty compelling career path, particularly compared to the college path described above. The salary is not that much of a drop-off compared to a four year degree. According to a site in Internet a trade school graduate will make about 42 000 $ per year. The difference between that trade school graduate and the four-year college graduate is only 90 000 $ over the course of 30 years. Another factor helping with trade school is that you’ll enter the workforce 2 years earlier. That amounts to 2 additional years of income in which the trade school will make, on average, another 42 000 $ each year, adding up to 84 000 $. That means at age fifty-two the college graduate will only be ahead by 6 000 $ of lifetime income, even excluding the loan. The bachelor’s degree will cost 154 000 $ in case you assume that these students are fully financing their educations with loans at 4 % over ten years while the trade school degree will cost only 40 000 $. Of course, most of the students in both cases will not fully finance their education. They’ll work and find other sources of income to help with the process, meaning the gap will be smaller in the average case. Online trade schools are preferred by students not only because of these drawbacks but they have a great influence when they make decision.