Gulf Winds Federal Credit Union Blog

Careers Paths to Avoid College Debt

Let’s face it: College isn’t for everyone. Sure, college can be a great way to expand your horizons and make yourself more desirable in the job market, but these benefits come at a cost—according to Forbes, the average student in 2016 had $37,172 in student loan debt. On top of that, student loan debt has become the second highest category of debt in the country, equaling $1.3 trillion in 2017.

Non-College Careers

If you want to avoid becoming a part of these statistics, we don’t blame you. There are other career paths that can provide lucrative income without the need to spend years in class or taking out thousands of dollars in loans:

  • Trade schools: For those uninterested in four-year degrees, trade schools are a great option. Electricians, plumbers, welders, and other skilled jobs are always in demand and offer comparable salaries to jobs that require degrees.
  • Starting your own business: Entrepreneurship can be a challenge, but for those with the work ethic and the desire to have complete control over their work day, starting your own business is an option. Many free courses are available online to help guide you through this process.
  • Entry level work: There’s nothing wrong with forgoing college to dive headfirst into the work force. While entry level work can be hard, those who are loyal to companies can rise through the ranks and attain management positions that offer equivalent salaries to those who have degrees.
  • Military service: Many people who skip college find rewarding careers in military service. Military training offers a wealth of benefits, including medical coverage (for both you and your family), reliable pay, and on-the-job training.

Passing on the Loans

Although college can open up new career pathways for high school graduates, the student loans that accompany them are no small issue. Fortunately, those interested in skipping the process altogether have a variety of open career paths that offer similar compensation and benefits as the jobs that require college degrees.

 

 

 

 

 

 

Photo Credit: bigstockphoto.com user Rawpixel.com

 

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