Warning. The amount you receive from closing your 401k is likely not the amount you should be rolling over. When you take a distribution from your 401k plan, the plan has to withhold 20 percent of the distribution for taxes. For example, if you take out $60,000, you're only going to get a check for $48,000.
Arkansas State University offers a four-year electrical apprenticeship program for $260 per year, which covers 2,000 hours of job training. Electrical apprenticeships may last longer than other programs, but students have the ability to earn an income while they work. Licensing for electricians costs $15-$150 per year, with an exam fee of $30-$75.
As an apprentice electrician, salary or wages are usually paid based on an hourly rate. And they are typically in the range of 30 to 50 percent of a journeyperson electrician's pay.* But it's not uncommon to find electrician apprenticeship jobs that start at the higher end of that range.