![]() For a four-year public education, the national average cost for tuition has an average change of 5.5% (US Department of Education).$15,974 is the national average tuition cost of a four-year private for-profit education institution (US Department of Education).The national average for a two-year private education is $14,547 from a for-profit institution (US Department of Education).$8,256 is the national average cost for a four-year or above public education (US Department of Education).The national average cost for a two-year public college education is $3,588 (US Department of Education).34% of students reported that tuition and other fees are their primary concerns when choosing college programs ( Learning House, 2018).Arguably, the biggest one is tuition fees. Also, just like any other investment, it has monetary costs that can make quite a dent on your personal finances. You do your time, hone your skills, and get ready for employment. Many people view post-secondary education as a necessary investment. Post-Secondary Education Cost Facts and Statistics With this, it becomes even more important to look at the latest available data on the topic so students and stakeholders can make well-informed decisions moving forward. Though the world is still uncertain about the long-term changes that may happen in education in general due to the health crisis, what we do know is that the long-established ecosystem of both trade schools and universities has been shaken. This is evident in a December 2020 survey showing 57% of college students agreeing that higher education was no longer “worth the cost.” This, coupled with the fact that The trade and technical school market’s growth will reach 16 billion in 2021 puts trade schools at a steady footing. Not surprisingly, travel bans, cancellation of in-classroom sessions, and the shift to online or blended learning due to the COVID-19 pandemic are also having a huge impact on students’ choices and the way they assess the value of higher education. These are the subject matter, the cost of tuition fees, and the earning potential of a degree just to name a few. There are many factors that can influence a student’s decision whether to pursue a vocational degree at a trade school or an academic degree at a university.
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