Overview
The 6,700 technical and trade schools in the US offer vocational and technical training for a variety of subjects and trades, such as cosmetology, aviation, or heavy equipment operation. Companies typically prepare students for a particular type of job and often provide job-specific certification. Companies generate the majority of revenue through tuition and fees. Non-profit organizations may receive funding from contributions, gifts, and grants.
Dependence On Government Funding
Technical and trade schools are highly dependent on student financial aid programs through federal (Title IV) and state programs.
Industry Financial Benchmarks
Here are typical financial statements for technical and trade schools.
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