Trade School does have its tradeoffs, but it does give some nice Skills. And yes, you lose out if you roll Minor on Academic table.
Assuming 100% success on pass/fail/honors you still end up with more skills over 4 years than college/university.
University: 4 passes = 6 skills + 1 honors = 7 skills
Trade School: 4 passes & 4 honors = 8 skills
That requires 3 additional successful rolls for Trade, but one failure only means loosing one skill, where a failure at even one pass in university means you loose out on 2 skills because now you're Majors are uneven (and you only get the minors every 2 majors).
[starting to sound like 'who's on first']
Assuming 1 failed pass
University: 3 passes = 4 skills + 1 honors = 5 skills
Trade School: 3 passes + 4 honors = 7 skills
Again, you're still rolling more for Trade school, but if we say there's 1 fail per 4 rolls for both...
University: 3 passes = 4 skills + 1 honors = 5 skills
Trade School: 3 passes + 3 honors = 6 skills
Trade school is surprisingly still looking pretty attractive...especially when you factor in the types of skills you get. Of course, it doesn't get you into med school.