The Federation for Manufacturing Education, an alternative apprenticeship program that works with community colleges and almost 400 employers across 13 states. boosted participant income by $45,000, research shows.
The average American college student graduates with $30,000 in debt, and the cost of college has more than doubled since 1985 even after accounting for inflation. Unfortunately, due to a lack of other options, many students feel forced into this expensive system even when they can’t afford it or don’t really need a traditional college degree to pursue their future goals.
But an apprenticeship program recently profiled by the Wall Street Journal could offer an example for future programs to follow. It shows how to offer accessible, affordable, and practical jobs training to the millions of young people our current higher education system is failing.
The average American college student graduates with $30,000 in debt, and the cost of college has more than doubled since 1985 even after accounting for inflation. Unfortunately, due to a lack of other options, many students feel forced into this expensive system even when they can’t afford it or don’t really need a traditional college degree to pursue their future goals.
But an apprenticeship program recently profiled by the Wall Street Journal could offer an example for future programs to follow. It shows how to offer accessible, affordable, and practical jobs training to the millions of young people our current higher education system is failing.
New Report Shows Stunning Success of Apprenticeship Program as College Alternative | Brad Polumbo
Five years after completion, graduates were earning nearly $98,000, compared to $52,783 for non participants—a difference of more than $45,000 a year. How’s that for a return-on-investment?
fee.org
