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#Post#: 113--------------------------------------------------
Trade School Statistics
By: Stockboy Date: May 29, 2021, 10:40 pm
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There are many factors that can influence a student’s decision
whether to pursue a vocational degree at a trade school or an
academic degree at a university. These are the subject matter,
the cost of tuition fees, and the earning potential of a degree
just to name a few.
Not surprisingly, travel bans, cancellation of in-classroom
sessions, and the shift to online or blended learning due to the
COVID-19 pandemic are also having a huge impact on students’
choices and the way they assess the value of higher education.
This is evident in a December 2020 survey showing 57% of college
students agreeing that higher education was no longer “worth the
cost.” This, coupled with the fact that The trade and technical
school market’s growth will reach 16 billion in 2021 puts trade
schools at a steady footing.
Though the world is still uncertain about the long-term changes
that may happen in education in general due to the health
crisis, what we do know is that the long-established ecosystem
of both trade schools and universities has been shaken. With
this, it becomes even more important to look at the latest
available data on the topic so students and stakeholders can
make well-informed decisions moving forward.
Post-Secondary Education Cost Facts and Statistics
Many people view post-secondary education as a necessary
investment. You do your time, hone your skills, and get ready
for employment. Also, just like any other investment, it has
monetary costs that can make quite a dent on your personal
finances. Arguably, the biggest one is tuition fees.
Tuition Fee-Related Facts and Statistics
34% of students reported that tuition and other fees are their
primary concerns when choosing college programs (Learning House,
2018).
The national average cost for a two-year public college
education is $3,588 (US Department of Education)
$8,256 is the national average cost for a four-year or above
public education (US Department of Education).
The national average for a two-year private education is $14,547
from a for-profit institution (US Department of Education)
$15,974 is the national average tuition cost of a four-year
private for-profit education institution (US Department of
Education)
For a four-year public education, the national average cost for
tuition has an average change of 5.5% (US Department of
Education)
There’s a 2.3% average change for tuition costs for a four-year
private education (US Department of Education).
The national average change for tuition costs for a two-year
public education is at 6% (US Department of Education).
Online students benefit from cost-of-living savings, unlike
their on-campus counterparts. Even tuition fees may be higher,
depending on which institution they enroll in (Center for Online
Education, 2020).
Traditional college costs about three times more than trade
school at $100,000+ to $33,000 (Career School Now).
#Post#: 162--------------------------------------------------
Re: Trade School Statistics
By: Danny Date: November 12, 2021, 2:18 am
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