Trade school enrollment has surged while graduate school enrollment has stalled. According to new data from the National Student Clearinghouse Research Center, spring enrollment in undergraduate certificate programs at trade school increased this year by 10.2% compared to last year. And at two-year associate degree programs, degrees for mechanics, repair technicians, and health professionals saw the highest increase in enrollment. At the same time, enrollment in master’s programs like those for MBA degrees declined, while doctoral program enrollment was flat. The average student loan debt for two-year and certificate programs is $20K—versus the more than $100K most graduate degree holders are left with. So, while two-year graduates tend to make less than four-year grads, less debt means young people can save faster for other life milestones. Homeownership rates between those with associate degrees and bachelor’s degrees is now roughly equal, while there was a three point gap a decade ago. (Realtor.com)
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