As I write this, students are back in school for the new year, and thoughts of many of us return to those days. Thoughts may also focus on your own children’s post-high school education. If you have kids who might attend college and want to help them with the finances, you better be thinking seriously about this future.
As parents or grandparents, have you considered an industrial education instead of a college education for your kids or grandkids? It’s likely you have wished someone did if you have ever tried to hire skilled workers for your plant. When I had this conversation with my son, I pointed it out in simple math. If you earn $25,000 per year for four years while others are paying $25,000 per year, you are $200,000 better off at the end of four years. Needless to say, that’s probably a low-end estimate of the differences.