Just as the Federal Reserve’s printing of large sums of money has
devalued the dollar, so too has the increase in printing and
distribution of diplomas from degree-granting institutions devalued the
worth of a college degree.
We have nearly 4,500 degree-granting institutions;
approximately 2,700 4-year colleges, and 1,700 2-year colleges
(primarily community colleges). This equates to roughly 100
degree-granting institutions in each of the 50-states.
But we also have approximately 2,000 non-degree granting institutions,
better known as vocational or trade schools. These institutions
provide job-specific training leading to certificates and career
diplomas in specialized fields. Some popular vocational trades include
medical assistant, dental assistant, auto repair technician, and
cosmetology. The biggest advantage that these programs have is that
some can be completed in as little as six months, and the costs
associated with attending these programs dwarf in comparison to that of
the costs of obtaining a college education.
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