While college may not be for everyone, gone are the days when you could go from work to longtime employment without some form of higher education. As the costs of college increase and as more jobs require a level of education beyond high school, trade schools are seeing a boost in enrollment. What are the economic benefits of attending trade school over college?
Brian O'Roark, professor of economics at Robert Morris University, says that student loan debt is a big factor in the decision to attend trade schools. He explains that at a time when four years of traditional college often results in tens of thousands of dollars of debt, for many students the decision to pursue a trade instead makes good economic sense.
“Skipping college actually ends up saving them in the long run because they don’t have to pay those student loans back. So if you find a trade, or if you go to a trade school and find a job that you can work at without incurring that debt, that’s actually a good thing for you.”