Finishing high school is a big accomplishment for a lot of teens. They get to start a new life and choose a path for future. For some it means they have to choose a profession and decide on what college or university they want to go, for others it’s working right away or maybe traveling. Either way it’s a big decision everyone has to make after finishing school. Colleges of applied arts and technology have full-time, part time diploma and certificate programs. Many also offer Bachelor degrees in applied areas of study. Colleges tend to be more directly career-oriented than universities, this means they offer practical or hands-on training. Generally, a certificate program is 1 year or less, and diploma program is 2 or 3 years. If you know exactly which profession to enter, for example: photography or aesthetics- professions that require more practical training than academic learning it is better to attend a college. The main difference is university is theory-based and college is experience-based. In college you do the same amount of work as you do in university, but it’s different work: less reading about doing stuff and more actually doing stuff.People do not do enough research to find out what suits them best. Parents are focused on getting their kids into universities and do not consider other options. They need to think realistically about individuals interests, knowledge, and abilities. Quite often students are not suited for universities and fail.Statistics Canada says the cost of a two-year college diploma is around $21,000 and a four year university degree costs about $55,000 but what you invest in may pay off later Stats Canada also says that the average income per year for someone with a university degree is $48,648 whereas with a college diploma you will be earning about $32,736. This varies from field to field however, a college trained chef, for example: on average earns almost 10% more than a university-trained one. Their latest survey results show that students from a college or trade school are more likely to become employed following graduation than those graduating with a bachelor’s degree from a university.In Ontario alone there are 20 public universities, 24 colleges, 400+ registered private career colleges and over 1,000 online and distance education programs. Most universities have classes that have up to 400 people per class, while colleges tend to have smaller classrooms. Quality over quantity. Colleges typically have more vocationally-related curricula than universities, with smaller classes, off-campus course offerings, a greater ratio of laboratory space to classroom space, an interactive teaching style and inclusive entry criteria.About 6 in 10 enrolments in Canadian postsecondary institutions in 2014/2015 were bin programs at the bachelor level or above at universities and degree granting colleges. More than 80% of this group were in undergraduate programs. About 2 in 1 enrolments were in career, technical or professional training programs. These programs accounted for over 60% of college enrolments.A trade school, also known as a technical school or a vocational school, is an educational institution that exists to teach skills related to a specific job. While traditional schools teach subjects in Liberal Arts, English, and History, trade schools focus on subjects directly related to a specific career. When interested in learning about a skilled trade, it’s important to learn not just how things work, but the reason why they do. Some community colleges offer university transfer programs that allow students to take courses that are parallel to those offered for the first two years of a four year university program.Nearly 70% of students take out loans to help pay for school. According to the study, over 20% of students with loans owe more than $50,000, and 5.6% owe more than $100,000 at the end. An estimates that 40% of attendees at a four-year college dropout before completing their degree. The average trade school degree costs $33,000, which, compared to a $127,000 bachelor’s degree, means a savings of $94,000. But that’s not all! If you assume that students are fully financing their education with loans at 4% over 10 years, the bachelor’s degree will cost $154,000, while the trade school degree will cost only $40,000. That’s a savings of $114,000 just on the degree.According to statistics, a person with a bachelor’s degree is projected to earn around $1.1 million, compared to the $393,000 projected earnings of an associate’s degree or trade school program graduate.The advantages of a four-year degree are many: You’re going to earn much more later on in life and you also have the door wide open to continue your studies and earn substantially more with a masters degree or doctorate, however the cost/benefit equation to even higher education is changing every day.