The Low Cost
Student loans have been a growing problem in the U.S. for some time now. As tuition costs for traditional four-year degrees continue to rise, students take on more and more debt to try to keep up. Many of these borrowers struggle to find well-paying jobs after graduation and have trouble repaying their loans. According to the Federal Reserve, America’s student loan debt is somewhere around the trillion-dollar mark.
A career education program is usually much less expensive than a four-year degree, so if any loans are needed at all, they will be manageable. Graduates are also likely to land a good job in their career field, giving them the resources to pay back their loans quickly.
Many employers in various fields look for graduates from a vocational school because they know the students have been trained with a combination of hands-on experience and targeted classroom instruction. In fact, some schools may be affiliated with certain companies that hire within their own graduate pool. In addition, job-seeking skills may be included as part of the curriculum.
Closing the Skills Gap
Despite today’s high unemployment rates, there are a high number of skilled positions that remain unfilled. This is what is known as a “skills gap.” Vocational training helps give job seekers the training and experience they need to fill these positions. Specific skills are focused on for these particular careers. This differs from a broader approach to education seen in traditional colleges. Training students for these jobs help close the skills gap.
Faster Entry into Career
Most vocational programs only take a year or two to finish. This helps those who complete the program to be ready for the workforce in less time than graduates from a traditional college. Also, once students graduate they do not require the same entry-level training that may be needed with a four-year degree.