Issue #1 Too Many Failures
At a Cost of OVER $20,000 per year a 55% Success Rate on Any Investment would be considered a Massive Failure.And College in Utah IS a Major Investment for Parents, Students and Taxpayers. The Actual Cost for 1 Graduation from the University of Utah, when factoring in the failures is over $160,000 just for Tuition.
The Average College Student Has $37,000 in Federal Loans
Unlike other debts, there is no way out of repaying Federal Student Loans. For those that failed in College, it just limits their opportunities that much more. Low Credit Scores or missed payments can stop them from buying a house, starting a business or pursuing a trade.
Instead of a Business Degree-Buy a Business
The cost of entry varies greatly, by both the segment you choose and the franchise brand you select within that segment. While costs range from less than $10,000 to upwards of $5 million, the majority of franchises run from about $50,000 or $75,000 to about $200,000 to get started.
According to a large survey by the research firm Franchise Business Review, the average franchisee across the spectrum earns a profit of $66,000 annually.
Or Pursue a Trade
The average trade school degree costs $33,000, which, compared to a $127,000 bachelor's degree, means a savings of $94,000.
There are many things you will have to master, beyond knowing when to enter and exit a trade. On average, you could expect to learn to trade in 1-5 years.