The rising costs of education have become a significant concern for students across the United States. Mike Feinberg, co-founder of the WorkTexas program, highlights the gravity of this issue and suggests alternative educational pathways.
In the last decade, college tuition has soared over 25%, making higher education less accessible for many. According to the Education Data Initiative, the average cost of obtaining a bachelor’s degree from an in-state public college stands at a staggering $89,556. Such financial burdens compel 86.3% of students to take out loans, often leading to decades of debt repayment.
“Back in the ’90s, taking out a student loan was comparable to financing a car,” Mike Feinberg explains. “Today, it’s more like taking on a mortgage.”
Feinberg’s concerns are echoed by a Bankrate survey, which found that 56% of Americans believe the cost of higher education has spiraled out of control, with 32% labeling student debt as a national crisis.
Given these pressures, high school students are exploring alternatives to traditional four-year degrees. A study by The Bill & Melinda Gates Foundation revealed that many students now prefer vocational courses leading to licenses or professional certificates over conventional college paths. These courses are often perceived as offering better value for money.
WorkTexas, founded in 2020, is one such alternative. The program provides skill-based education for high school students and adults, covering fields like welding, carpentry, and commercial truck driving. Thanks to grants and other funding resources, many participants can access this training for free.
“Most people in our program need a job or a better job,” says Mike Feinberg. “We’re committed to supporting them, not just in getting that job, but also in achieving long-term career satisfaction.”
The comprehensive approach of WorkTexas, developed in partnership with industry leaders, ensures that graduates are job-ready and often receive employment opportunities directly through the program’s connections. The staff’s commitment extends beyond coursework, maintaining relationships with graduates for at least five years to track their progress.
With college expenses projected to rise further, Feinberg expects more students will turn to programs like WorkTexas. “People are realizing they have choices,” he says. “They are looking for the best return on their educational investment.”
As the cost of higher education continues to climb, Feinberg’s insights and alternatives offer a promising avenue for students seeking both financial stability and career satisfaction.