{"id":4519,"date":"2021-12-17T08:56:57","date_gmt":"2021-12-17T14:56:57","guid":{"rendered":"https:\/\/www.ntcmn.edu\/news\/?p=4519"},"modified":"2021-12-17T09:57:19","modified_gmt":"2021-12-17T15:57:19","slug":"the-value-of-technical-education-the-story-of-10","status":"publish","type":"post","link":"https:\/\/www.ntcmn.edu\/news\/2021\/12\/17\/the-value-of-technical-education-the-story-of-10\/","title":{"rendered":"The Value of Technical Education: The Story of 10"},"content":{"rendered":"

\"The<\/p>\n

You may have heard this one before — we call it “the Story of 10.” It goes like this:<\/p>\n

For every job in the United States that requires an advanced degree, there are two that require a bachelor’s degree and seven<\/strong> that require technical education.<\/p>\n

What does this mean for you? It means that a technical education — like the one you can gain at Northwest Technical College — is your path to an outstanding job.<\/p>\n

What Technical Education Means for Your Future<\/h2>\n

With a technical education, your earning power increases — and that can make a huge difference over the course of your lifetime.<\/p>\n

Life can be expensive. The State of Minnesota’s Cost of Living calculator<\/i><\/a> estimates that, for a family of three with one full-time worker, one part-time worker and one child, annual cost of living in Beltrami County is about $47,200 per year. The full-time and part-time worker would have to make about $15.13 per hour each to earn this much.<\/p>\n

And where does that money go? Again, from the calculator, monthly costs are estimated to be $800 each for food, housing and transportation. $200 for child care. $500 for health care. Life is expensive.<\/p>\n

Jobs that require technical education mean, on average, higher wages — the average annual salary for an associate’s degree holder in Minnesota is $39,750<\/i><\/a>. And higher wages means a better standard of living for you and for your family.<\/p>\n

How would $1.5 million change your life?<\/h2>\n

If you work for 40 years — starting at age 22 and retiring when you’re 62 — $10 per hour makes a huge difference.<\/p>\n

At $10 per hour, your lifetime earnings would be $832,000.<\/p>\n

At $20 per hour, that jumps to $1.66 million<\/strong>. $30 per hour? $2.50 million<\/strong>.<\/p>\n

What would you do with an extra $1.5 million over your working career? How would that change your life, and the lives of your family and loved ones?<\/p>\n

…but what about today?<\/h2>\n

OK, so thinking ahead to when you’re 62 years old may be difficult. So let’s look at just one year.<\/p>\n

At $10 per hour, working full-time, 40 hours per week, for one year will give you an income of $20,800.<\/p>\n

At $20 per hour, working the same full-time schedule, and your income rises to $41,600 per year.<\/p>\n

At $30 per hour, it rises to $62,400.<\/p>\n

Compare this to the estimated cost to live in Beltrami County — $47,200 per year. What salary do you need to live the life you want?<\/p>\n

Whatever future you see for yourself, an education from Northwest Technical College can help get you there.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the U.S., For every two jobs that require a bachelor’s degree, there are SEVEN that require technical education. <\/p>\n","protected":false},"author":51,"featured_media":4008,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[5,7,4],"tags":[],"class_list":["post-4519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homepage","category-myntc","category-top-story"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.ntcmn.edu\/news\/wp-json\/wp\/v2\/posts\/4519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ntcmn.edu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ntcmn.edu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ntcmn.edu\/news\/wp-json\/wp\/v2\/users\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ntcmn.edu\/news\/wp-json\/wp\/v2\/comments?post=4519"}],"version-history":[{"count":2,"href":"https:\/\/www.ntcmn.edu\/news\/wp-json\/wp\/v2\/posts\/4519\/revisions"}],"predecessor-version":[{"id":4532,"href":"https:\/\/www.ntcmn.edu\/news\/wp-json\/wp\/v2\/posts\/4519\/revisions\/4532"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ntcmn.edu\/news\/wp-json\/wp\/v2\/media\/4008"}],"wp:attachment":[{"href":"https:\/\/www.ntcmn.edu\/news\/wp-json\/wp\/v2\/media?parent=4519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ntcmn.edu\/news\/wp-json\/wp\/v2\/categories?post=4519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ntcmn.edu\/news\/wp-json\/wp\/v2\/tags?post=4519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}