Want a High-Paying Career and No Student Loan Debt? Try This Alternative to College (2024)

Excited to kickstart your career, but dreading the thought of student loans? Believe it or not, there is another way to learn skills that translate to good jobs.

It might sound like something out of the Middle Ages, but an apprenticeship is still a legitimate route to a well-paying career. In fact, the federal government reports that 93% of people who complete a registered apprenticeship find a job with an average annual salary of $77,000.

Look at St. Petersburg College in Florida for an example. The school reports that between 2019 and 2020, 1,603 apprentices completed their on-the-job and classroom training to receive apprenticeship certification enabling them to make a starting average wage of $21.27 or $44,241 a year.

Schools across the country have partnerships with employers for apprenticeships. At Southern Piedmont Community College outside of Charlotte, N.C., there is ApprenticeshipIMPACT.

The program “provides students who are interested in workforce-specific programs the opportunity to work and learn while they are pursuing education. So there’s an incentive for employers to train them on the job and have more positive outcomes in recruitment and retention,” the college’s vice president of academic affairs Carl Bishop stated recently in Business North Carolina magazine.

“For students, it’s attractive because they have a job,” he told the magazine. “They also have a wage that is progressive, so they aren’t forced to choose between work and school. All of it is tuition-waived, so they don’t have to pay a thing.”

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Apprenticeships can be found through schools, the government and private employers. Here’s what we learned from the U.S. government’s website, apprenticeship.gov.

What is a Registered Apprenticeship?

Obtaining a registered apprenticeship ensures you are learning a trade that is in demand and that your training will meet the demands of jobs across the country.

Industries offering apprenticeships include: Advanced manufacturing, agriculture, social services, education, construction, cybersecurity, energy, financial services, healthcare, hospitality, information technology, public service, telecommunications and transportation.

A registered apprenticeship also meets these standards:

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  • From day one of on-the-job training, apprentices earn family-sustaining wages fromtheir employers.
  • Registered apprenticeships provide structured on-the-job learning and job-related classroom training.
  • Apprentices can earn wage increases as they learn and gainnew skills, even before they are ready to work on their own.
  • On-the-job learning is conducted in the work settingunder the direction of a mentor
  • Training results in a portable, nationally-recognizedcredential.

How to Get an Apprenticeship

Check Out a Local School

If you are already in school, ask your career services office about any apprenticeship partnerships between an employer and your school. Go on any school’s website and search “apprenticeship” to get a list of openings or the contact info for someone at the school to help you find an apprenticeship. Even if you aren’t enrolled, if you find a program you like you can enroll and apply for the apprenticeship.

Use the U.S. Government’s Apprenticeship Finder

You can also apply directly to employers or a program manager through the federal government’s Apprenticeship Finder.

Once on the site, applicants can type in a skill and a city or state where they would like to find an apprenticeship.

For example, typing “construction” and “North Carolina” brings up 36 apprenticeships listing the salary range and the type of work required. Some also list that they prefer one or two years experience in the same or similar industry or the military. Other listings don’t mention a preference for prior experience.

One global mechanical and electrical construction company that trades on the New York Stock Exchange is looking to fill its Summer 2023 apprenticeship class in Raleigh, N.C. It is seeking candidates interested in getting into one of the following fields: electrical, rigging, millwright or iron work. Indeed.com estimates the starting salary range will be $37,000 to $47,000 a year for the on-the-job training.

Or, type “retail” and “Texas” and 172 listings appear. They include numerous positions as a pharmacy technician for Walgreens that require no prior experience or an alarm technician apprentice or jewelry repair apprentice.

Start looking and you could be making money in months, and fully trained within a year or two.

Katherine Snow Smith is a freelance editor and reporter living in Chapel Hill, N.C., and author of Rules for the Southern Rulebreaker.

The 5 Dumbest Things We Keep Spending Too Much Money On

You've done what you can to cut back your spending.You brew coffee at home, you don’t walk into Target and you refuse to order avocado toast. (Can you sense my millennial sarcasm there?)

You brew coffee at home, you don’t walk into Target and you refuse to order avocado toast. But no matter how cognizant you are of your spending habits, you’re still stuck with those inescapable monthly bills.

You know which ones we’re talking about: rent, utilities, cell phone bill, insurance, groceries…

Ready to stop paying them? Follow these moves…

Ready to stop worrying about money?

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Want a High-Paying Career and No Student Loan Debt? Try This Alternative to College (2024)

FAQs

How can I be financially successful without college? ›

How to make money without a degree
  1. Invest in the stock market. If you are someone who is financially savvy, it's possible to make money in the stock market. ...
  2. Start your own business. ...
  3. Sell stuff online. ...
  4. Rent out your property. ...
  5. Start a consulting service. ...
  6. Take stock photography. ...
  7. Start a blog. ...
  8. Deliver food.
Mar 10, 2023

How can I go to college without student debt? ›

17 Ways to Go to College Debt-Free
  1. Attend a Public School as an In-State Student. ...
  2. Attend Community College. ...
  3. Attend Online College. ...
  4. Attend a No-Loan College. ...
  5. Save With a 529 Plan. ...
  6. Earn Scholarships. ...
  7. Earn Grants. ...
  8. Participate in a Work-Study Program.

What profession has the highest student loan debt? ›

The 14 medical careers with the highest student loan debt
  • OB-GYN: $241,600.
  • Anesthesiologist: $241,600.
  • Physician: $205,037.
  • Pharmacist: $170,444.
  • Physical therapist: $116,183.
  • Physician assistant: $112,500.
  • Registered nurse: $47,321.
  • Occupational therapist: Unavailable.
Sep 26, 2023

What job makes the most money without a degree? ›

Here are the top 10 highest-paying jobs that don't require a degree.
  • Airline and commercial pilot. ...
  • Information security analyst. ...
  • Elevator and escalator installer and repairer. ...
  • Special effects artist and animator. ...
  • Transportation, storage, and distribution manager. ...
  • First-line supervisors of police and detective.
Jan 28, 2024

How can I make $100000 a year without a college degree? ›

9 jobs that pay $100K per year without a degree
  1. Information systems manager. National average salary: $96,173 per year Primary duties: An information systems manager oversees and implements information technology (IT) within a company. ...
  2. Fire chief. ...
  3. Product manager. ...
  4. Senior engagement manager. ...
  5. Radiation therapist.
6 days ago

How can I live a successful life without college? ›

How to succeed without college
  1. Set achievable career goals. ...
  2. Find career opportunities that don't require a college degree. ...
  3. Consider a professional certification. ...
  4. Take online courses. ...
  5. Assess your career aptitude. ...
  6. Learn and apply new skills. ...
  7. Learn from a mentor. ...
  8. Get on-the-job training.
Feb 16, 2023

How can I afford to go to school and not work? ›

Here's how you can afford it.
  1. Fill out the Free Application for Federal Financial Aid (FAFSA). ...
  2. Take advantage of tax breaks. ...
  3. Open a 529 college-savings plan. ...
  4. Look for nontraditional scholarships. ...
  5. Call your financial aid office. ...
  6. Take a free or low-cost course online. ...
  7. Take an in-person college course.

Is it possible to pay for college without loans? ›

Apply for as Many Scholarships as You Can

Students who win more scholarships, especially scholarships worth $25,000 or more, are less likely to borrow to pay for college and more than half graduate with no debt. The goal of many scholarship providers is to reduce the student's work and debt burden.

What happens if you never pay college debt? ›

Eventually, your student loans will be put into default and you may lose federal loan benefits, have your wages garnished, get barred from federal student aid among other consequences. Your loan holder may sue you, as well. If you ignore the court date or the court's orders — that could land you in jail.

What major has the most debt? ›

The major with the largest amount of debt for a Bachelor's degree is Behavior Sciences at $42,822. The major with the least amount of debt for a Bachelor's degree is Science Technologies/Technicians at $9,529.

Is $100,000 in student debt a lot? ›

Nationally, the average student loan balance per borrower is $39,032, so if you have $100,000 in student loan debt, you have about 2.5 times the national average balance.

How many people owe 100k in student loans? ›

Most undergrads finish college with little or modest debt: About 30% of undergrads graduate with no debt and about 25% with less than $20,000. Despite horror stories about college grads with six-figure debt loads, only 6% of borrowers owe more than $100,000—and they owe about one-third of all the student debt.

How to make 80k a year without a degree? ›

work from home no degree 80k jobs
  1. Dental Hygienist. Hiring multiple candidates. ...
  2. HVAC Service Technician. Sunset Heating, Cooling, & Plumbing2.6. ...
  3. HVAC Install Field Supervisor - Residential. ...
  4. Nurse Anesthetist - Gettysburg. ...
  5. Entry Level Business Sales Role – 80k. ...
  6. What are your desired job types? ...
  7. Sous Chef. ...
  8. Procurement Manager.

How can I make $50 000 a year without a degree? ›

Jobs that pay a $50K a year without a degree
  1. Property manager.
  2. Retail store manager.
  3. Law enforcement officer.
  4. Title examiner.
  5. Web developer.
  6. Fitness manager.
  7. Hotel manager.
  8. Pipe welder.

How to make 70k a year without a degree? ›

11 high-paying jobs in California you can get without a degree
  1. Police officer. ...
  2. Nuclear power reactor operator. ...
  3. Boilermaker. ...
  4. Web developer. ...
  5. Front desk manager. ...
  6. Distribution manager. ...
  7. Massage therapist. ...
  8. Tanker driver.

Can I make money without going to college? ›

Here are some tips if you're looking for a high-paying job and don't have a four-year degree: Start with certain fields: Jobs in the technology, customer service, administration and medical assistance fields often only require a high school diploma, industry certification or on-the-job experience.

How many millionaires don t have a college degree? ›

Here's what 88% of millionaires have in common

Ramsey Solutions conducted what it calls the largest study of millionaires ever, with 10,000 participants. It found that 88% of millionaires graduated from college, compared to 38% of the general population.

How do people afford college without financial aid? ›

Apply for Scholarships

Scholarships are usually merit-based and do not have to be repaid. The key is being prepared, because scholarships have deadlines and may require time to write essays. So get organized and regularly search and apply for scholarships. businesses in your community or that employ your parent(s).

Can I be successful without high school? ›

But the road to success without that diploma can take a lot longer and sometimes be more of a struggle. While you don't necessarily need a high school diploma to be successful, it is essential to make sure you can reach your goals in the most straightforward way possible.

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