Black people in general need financial education. It's no point in making a bunch of money if we don't make wise financial decisions once we get paid.
black people that go to college and get a degree, then earn a good living are usually not the ones that have a serious issue with their finances. you are confusing the low end blackfolks with the high end.
the truth is, what the OP said is correct. what twism is saying is correct but its not what the OP is implying. yes trade school debt is something serious. thats going to those FAKE trade schools that just pop up out of now where. saying take these courses for 40k. it doesnt cost 40k to be an electrician or a plumber.
let me give yall real numbers.
L.A. trade tech.
they charge
$46 per unit.
Electrical Construction & Maintenance
Certificate of Completion - A.S.
A Certificate of Completion is awarded for
successful completion of 48 units minimum in the required courses listed for the Associate in Science degree (below) with a C or better grade in each course.
lets do the math $46 x 48units =$2,208
thats not breaking anyone.
the next question
Do I need a high school diploma to attend LATTC?
2.
No. Anyone who is 18 years of age or older qualifies for admission. Anyone 17 years of age or younger, who has completed all the necessary supplemental forms, also qualifies for admission
sounds like a lot of homies on that corner could be doing this brehs. sounds like a lot of ya homies you know still living with moms could do this brehs.
question #3. lets keep it 100 in here. every one is ready for the books like that. so they may flunk a few courses before they get it. thats fine. and sure that would be an additional $138.00(3units per course x $46/unit)
If I fail a class can I repeat it?
8.
If you received a grade lower than a C you are allowed to repeat the class a up to a third time. Should you receive a failing grade again, you will need to submit a petition for special permission to take the class a third time.
again, lets keep it funky. we know stuff comes up and ya never know. you might have to drop a class.
11. What is a W?
12. Can I repeat a class if I previously received a W?
11. A W represents a Withdrawal. A W will appear on your record when you drop a class after the Drop with No Penalty deadline. It does not count toward your GPA, but indicates that you did not successfully complete a class.
12. Yes. Since a W is not technically a grade, you may repeat a class for which you have previously received a W without petitioning for special permission.
So how much would an electrician make fresh out of school is L.A.?
Salary.com Salary Wizard- Do you know what you're worth?
and
Salary.com Salary Wizard- Do you know what you're worth?
worse case scenario you're making $34k. thats more then enough to pay off of 2 grand that you spent on school. and thats WORSE case scenario.
lets make a work case scenario type of worker. Guy that drops out of high school in the 11th grade. so he's 17 years old now. decides to say forget it, i'm taking my GED. and i'm out. can't deal with the fake school system aka baby sitting system in some inner cities with poor schools.
he decides to go to L.A. trade tech and take the course i listed above. $2grand. he can get that in a loan. lets say cause he's young and dumb, he drops some classes, flunks others. lets say he doesnt finish the program until he's going on his 20th birthday. lets say it takes him 3 mos to find a job. at 20 years old he could be making $34k per year = $2 to 3k for tuition, lets throw on another $1000 for loan interest and books/gas/bus fare/train fare to get there. so now he's down to $30k round down. take the taxes. my man is still bringing home $1800 per month. , thats $900.00 every two weeks. thats not a lot of money. but it surely beats BROKE on the corner robbin, slangin, dodging cops and robbers.
and this is a 20 year old. we know most 20 year olds are still at moms crib. so lets factor that in. he could slide moms $500 for rent. and kick in a $200 for food per month, throw another $200 on utilities. and bam thats one check. he still has another $900 to himself. he already had a beat up Whip that was paid for. it aint hot but it gets from point A to point B. so no need for a car note. just insurance.
he can stack chips. while he's moving up in that job. cause on the median level of a Electrician I. he could be around $45k+ in no time. in addition he could always do little side jobs for his mother's friends and local neighbors. Thats extra cash off the books if it isnt that much. if it is a lot of cheese. then file that on your taxes as a side gig. and write off your travel expenses/equipment when you can. nothing shady about that at all.
i'm saying by the time this kid is 25. he could easily be making 50k+. now raise your hand if you were bringing in 50k+ when you were 25 with ZERO DEBT from school?
Exactly.
sorry folks its time for a change. now this is not guaranteed. nothing is. no i'm not saying 4 yr degree aint the move. i'm saying its costing to much without the results for MOST. to just assume 4 yr is the best thing going for all. it isnt. and who says you cant go back later? i have 40k+ on the table i've been making in my early 20's. i could wake up one morning and say i want to go to school. i already have a Associates degree. all i need is my GE's and a few more classes. i might be able to flip my AS credits and finish up in less then 2 years. no telling. not only will i be able to pay for a 4 year OUT right. i will not have any debt when i'm done. this will afford me the ability to actually wait out the job market until i find something in my field of study vs just getting on the first thing thats paying half way decent. i also have an ability to be an electrician. therefore i always have that as another fall back if this new angle doesnt pay out soon.