Though college grads still earn more than their non-graduate peers, avoiding student debt could make trade schools more appealing. Many trade programs are covered in part by employers, and state-sponsored programs in Michigan and Georgia offer trade degrees tuition-free.
In addition to local governments and trade schools, businesses are also acknowledging that four-year degrees may not be necessary to get a high-paying job. Prominent business leaders such as Siemens USA CEO Barbara Humpton and Apple CEO Tim Cook publicly dismissed the idea that four-year degrees guarantee career-readiness. Cook even said half of Apple’s new hires in 2018 did not hold a four-year degree.