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.
It depends on what kind of electrician you want to be. If you want to work for someone, then it could be anywhere form $0 - $25,000.00 (USD). This depends on if you went to trade school or not. It also depends on whether you get an apprenticeship or not. For me personally, it was approximately $20,000.00 to go to one of the finest trade schools in the nation. I would estimate that CEC (continuing education credits) cost in the neighborhood of $5000.00. Now if you are talking about becoming a licensed electrician, there are a lot more expenses.