Student debt is at its all-time high

With 2018 official over, one thing we can officially say is, student debt is at its all-time high. According to the National Center for Education Statistics (NCES) full-time student graduation rates are around 60%. That means 3 out of 5 students receive a diploma and move on to the desired path of college graduates earning more than high school graduates. The other 2 out of 5 students leave with an average of $20,000 — $25,000 debt and look for those lower income jobs to pay it off.

One option that isn’t talked about as much are trade schools. With education become more of a business where the bottom line is profit for University and limited returns for students, there are other options. Trade school are significantly cheaper and provide a path to reach some very well paying and stable jobs with a less competitive job pool due to lack of supply and high demand for those specialized skills. These can range from welding school, plumbing, carpentry, electrician school, and many more options. It may not have the immediate upside potential but to get your foot in the door and learn a business can have tremendous upside in the short-term future without the long-term burden of debt that others are spending their prime years climbing out of.

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