Why College Is So Expensive In America

Why College Is So Expensive In America

College in America: it’s four years
of all nighters, keg stands, ethnically diverse welcome brochures, Pinterest
perfect dorm rooms and crushing student debt. I have $69,812, $47,000,
$90,000, $35,000, $350,000, $60,000 worth of student loans. My
minimum student loan payment is $1,000 a month. It should take me about 10 years to
pay that back, I will be roughly 36, 45-years-old, I don’t know how old I’ll
be when I pay that off. I was actually on campus at Penn State and I
saw that I had so much to pay and it just was overwhelming. I didn’t know how
to do it, I never saw a number that big. I just went to school for
a few months found out that it was not what I wanted at all, and now
I have this forty thousand extra dollars that I have to pay and nothing really
to show for it. If I wasn’t paying this student debt, oh my God, I would
just invest all of my money. It feels like I will have a roommate for the
rest of my life because my debt is so much. You can’t point at someone
and say, this person made your student debt load so much more, it’s the
whole system. So why is college so expensive, and is it worth it? Higher
education today is made up of three main sectors. They all bring in money
from tuition but where they get the rest of their revenue varies. Public schools are your state schools
like SUNY or Iowa state. They get money from the government. Private
for-profit schools like the University of Phoenix or Capella University
get money from shareholders. And private non-profits are those like Yale an
American University, they get a lot of their money from donors. More on
that later. But choosing a college hasn’t always been so complicated. In
1636, America’s first college was founded. You might have heard
of it before, Harvard University For hundreds of years college in America
was a pretty exclusive club to get into. But we’ve come a long
way from Harvard’s first graduating class of just nine men in 1642. In
2018 more than three million Americans were expected to receive a college degree. The demographics of American
higher education have been utterly transformed. In 1944 the G.I. bill was signed
into law giving veterans money to attend school. The G.I. Bill of Rights looks
after the money end too. That’s right. Tuition is taken care of. Funds
are provided for laboratory fees, books, supplies and equipment are included. Just a few years later, nearly
half of Americans enrolled in college were veterans. You cannot underestimate the G.I.
Bill. This educated an entire generation of men and some women too. And
it opened the doors people who hadn’t even thought that they might go to
college. The G.I. Bill changed what American families could aspire to. But not everyone was able to take
full advantage of the bill’s benefits. It was significantly harder for women and
people of color to get the tuition money and enroll in college
because of the widespread discrimination by both schools and banks. Dateline Russia 1957. In a moment the story. In the
50s a little beach ball sized satellite launched into space by the Soviet Union
had a big impact on the American education system. The first Sputnik. People were worried
about this clash between the Soviet Union and the United States. And
suddenly it was popular to study science and math. It was patriotic. In the 60s the civil rights movement
helped push the doors open even wider to give women and people of
color access to higher education. In those years students at University of
California schools paid less than a thousand dollars in registration fees. No
tuition if you were a resident. But with the 70s
came the taxpayer revolt. If you want something you pay for it.
Don’t expect me to pay for it. It’s your problem not mine. And so
what happened was the student loan process exploded. And then came the
U.S. News and World Report. It was one of the luckiest
or most ingenious publishing decisions ever. In 1983 U.S. News and World
Report published a list of America’s Best Colleges. It became a highly data
driven ranking. Every one of the criteria that U.S. News used
depended on name recognition, traditional quality, prestige and most of all
wealth. Rankings played a big thing for me. I was an athlete and
so I was pretty competitive. There have been a ton of new lists
since the 1983 ranking but the U.S. News and World Report still reigns king.
And colleges keep a pretty close eye on it. If you ask them they will say they
pay no attention to it. But within the conference rooms of the admissions
office and provost offices across the land, I can assure you they
pay very close attention to it. One thing they’re paying attention to
are their test score averages. By the 90s, colleges started boosting base tuition
and using the extra money to give merit based scholarships to kids
who tested well. The chief data strategist at U.S. News and World
Report downplayed test scores as a major factor in their ranking, saying it’s
less than eight percent of the methodology today. And that “We’ve
seen schools perform best in the rankings if they emphasize and
perform strongly in student outcome areas like graduation and retention rates.
He also said they further decrease the weight of SAT and ACT scores.
Tuition costs at both public and private colleges have doubled since the late
80s, even when you account for inflation. Even so, more Americans
are getting college degrees. But state funding for public universities has taken
a hit. States spent less on higher education in 2017 than they
did in 2008 before the recession. And that means students are spending more.
The tuition they’re paying is a big moneymaker for colleges. 2017 was the
first year ever that most state schools got more money from tuition
than they did from government funding. If you’re sitting in the state
legislature and you’re looking for money, the university system is one of
your biggest costs. So when you realize well we cut them 2 percent last
year, they didn’t go out of business. Let’s cut them another 2 percent. What
happens is you pass the buck. It goes from the
taxpayer to the student. The average student graduates with
about $37,000 in student debt altogether. The U.S. has
$1.5 trillion dollars of it. I had this mindset that I was gonna
go to college undergrad and then I was gonna go to grad school and get my
PhD. I thought that I would get through it and then come out on the other side
with a job and then be able to pay it off. But that did
not go according to plan. Rachel Brandt got her undergraduate degrees
in math and economics from Iowa State. Then she moved to New
York to pursue her master’s in economics. She left grad school after her
first semester to better cope with mental health issues she was going through. I thought that I would just withdraw
and be fine. But then a couple of weeks after I withdrew, I got an
email from the school saying that I owed them $6,000 right away. And that was
rough. So I didn’t know how I was going to pay that.
And that was very stressful. Three, four, five, six, seven different student loans that all
have to be paid with different interest rates. The number just keeps going up. I
will be paying $867 in rent a month and that’s about how much I’m going to
have to be paying in loans. I look at my bank account every
day and it’s very scary. Rachel is far from the only one
not to finish a degree she started. Only about 57 percent of undergrads complete
their degree within six years. One option students turn to for a
more flexible and at times more affordable path to a degree are for-profit
colleges like University of Phoenix or DeVry University. The industry has been
in flux, but today a little more than 900,000 students attend for-profit colleges
in the U.S., many of whom use federal loans to
help cover the cost. I feel like I want to do
something practical that would that would clearly lead to a specific job. The Art
Institute of New York City was suggested to me. Now, I really regret that it
was because it turned out to be a terrible financial experience. Despite for-profits being just a small
fraction of all colleges in the U.S., for-profit students default on their
student debt at a much higher rate. Chyna is a first generation college
student from New York who studied web design and interactive media at the Art
Institute of New York City when it was run as a for-profit. I withdrew from the school, that
was something could have entirely taught myself using tutorials. For-profit schools date all the way
back to colonial times. Not everyone could attend institutions like Harvard,
so entrepreneurs saw a business opportunity and began teaching reading, writing
and trade skills *** for a fee. Benjamin Franklin was a big
fan of for-profit schools and the practical skills they offered. In
1994, University of Phoenix’s parent company Apollo Education Group went public
and laid the groundwork for the for-profit education
corporations of today. But this big business approach
to education hasn’t come without controversy. With so much money on the line many
turn to the schools that show the best numbers, the best chances at a new
job when you graduate. But can you believe what some of those
for profit colleges tell you? When I went there for the so-called
tour it was it was basically a sales pitch. That should have been a red flag but
it wasn’t because I was 18, not having parents who completed college, you
know, being a first generation student it’s like I
didn’t have the discernment to just leave those kind of
schools alone. The Art Institute did not respond to a request for comment.
However the director of Cato’s Center for Educational Freedom defended
the for-profit system, saying non-profits make a lot of money too.
They just distribute it differently. He said traditional colleges often use it
to “make the lives of people working in them more comfortable.”
He also said everyone in higher education is almost certainly seeking
profit and there is little evidence that people in for profit schools
are less focused on students best interest. Since Chyna left, the Art
Institute of New York City along with 43 other Art
Institute campuses shut down. There are a number of
lawsuits against various campuses. However Chyna’s not able to qualify for loan
forgiveness because she left the college just before the cutoff date. And she
feels trapped. Since she hasn’t paid off her student loans in full, she’s not
able to get her transcript, which she needs that to apply to state schools.
So for now she’s enrolled in another for-profit school in the hopes of using
the degree to apply to a master’s program at a state school. I feel like all these for-profit
schools they prey on people who are already who come from low
income backgrounds. Enter the non-profits. Amari Lilton is from St. Louis but
went to undergrad at a private college in Chicago. Now she works at an
advertising agency in New York City and is paying off her more
than $40,000 in student debt. You want to have the college
dream without the student debt, because you’re just coming into something and you
feel like I’m gonna have all this independence I’ll be able to pick
my own classes I’ll have this freedom I’ve never had before. So you want
to go to the coolest place you can. Every college wants to be the best.
They want to compete with the next college. They want to attract the
top students. That means they have to have the best facilities they
have to build new buildings. And remember tuition discounting? While
the sticker price of non-profit colleges are rising, so is the tuition
discount rate. The price you see on a college website is higher than
what many students end up actually paying. You would think that most of
the money is going to the cost of running the school, but nearly
half of undergrad tuition at non-profits goes to help other people pay
for their schooling. Amari didn’t pay the full price of tuition at her
private college but she’s still facing more debt than she was expecting. I just cried. Yeah I just cried because I
had no clue how I was going to do it. I dream about it. It’s always on my mind. If I’m like
going out to lunch and I’ll just say, oh my God I hope this goes through
because I know they just took my money out. I just hope, I hope. I want
to double my payments by the end of this year so $2,000 a month. My goal is to
not go into my 30s with debt. If I go to Wells Fargo and say like
I want a portfolio with all my best investments help me out, they won’t
take me seriously because I have $250 in the bank. So where do we go from here? I’ve
been studying this for a long time and advocating for reform and this is
the hardest type of problem to fix because it’s structural. It’s all of
us. It’s the whole market. Jarrett Freeman ran for New York State
Senate in 2016 when he was just 26 years old. I declare my candidacy for
New York State Senate. And a big part of his platform
was education and student debt. I was actually on campus and I saw that
I had so much to pay and it just was overwhelming. I didn’t
know how to do it. I never saw a number that big.
Americans are becoming less convinced that a college degree is worth it. In 2013,
53 percent of people thought a four year degree was worth it. In 2017
only 49 percent of people thought so. I think that it’s so ingrained in your
head that you have to go to college, that college is the next step after
graduation. I think in hindsight I see that college is not for everyone. Overall I feel a little jaded about
college being worth it for everyone, or at least for students
directly out of high school. Knowing what I know now, I would have
even taken a few years off before I went to college. There is this
idea that 18-year-olds are supposed to know what they want in life. And now
that I’m turning 25 tomorrow, I still don’t know exactly what’s going on. That mindset could be a problem
for the future job market. It’s expected that by 2020, 65 percent of jobs
in the U.S. will require people to have some college education to even be considered.
So there are a lot of jobs that require you to spend some money
on school before they’ll pay you to work. In many cases that
sum is a lot of money. Student debt is a national crisis.
Unfortunately we don’t have bills on the floor that are
actually addressing that. The reality is there probably isn’t
just one solution that’s going to solve everything. It will take a
lot of different approaches, and different approaches are being tested across
America. One of the proposed solutions is an income share agreement.
Essentially, instead of taking out loans, students could agree to repay an
investor a percentage of their income for a set amount of years after
they graduate. The idea has support from politicians on both sides of the
aisle and some schools are starting to test it out. In New York
City, Governor Cuomo implemented a program that gives middle-class residents free tuition
at select state schools. And some billionaires like Bill Gates are
giving their own money to try and fix the system. And of course
there’s the idea to offer free college. I do not agree with free college.
I think that when you give someone something for free they do not realize
the value of it, and that’s just my opinion, and I think that there
should be some cost associated with it. Free college is a great idea. I
am fully supportive of free college. The catch is: who’s going
to pay the bill? In other countries taxpayers foot most
of the bill. So instead of paying student loans later in life, you’re
paying higher taxes. Roughly two dozen countries across the world provide free
or almost free college to its citizens. The solution probably won’t be that
simple in the U.S. But with student debt rising and the need for
a college degree becoming more and more important, the future of American
education depends on figuring this out.

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About the Author: Oren Garnes


  1. Yes me these kids are f**** stupid go to trade school to learn a trade I hate to say this but it is in a 15 year 10 year 15 year. You're making 80 $200,000 a year and if it's a good trade you're doing that in your first five years always going to need painting they're always going to need Construction always going to need welding kids don't look at that they look at it like oh I need this type of degree or unless than anything else no you're not you actually smarter than the other people if you have a laborers degree is what I'm calling it I got a friend he graduated high school went to The Vocational School learn to trade as he worked to pay off his student loans in a year and six months for the two years of vocational school that he took he took night classes for another trade pay that off took night classes for another trade paid that off started his own business retired at 35 a multi-millionaire and then started a new business and getting ready to sell that one off at 45 and he'll multi-millionaire again on this business kids just don't pay attention they let everybody else control the narrative control your own narrative

  2. I can Name six people off the top of my head right now that I went to school with it doesn't have a college education and has a higher IQ the 90% of the people in in the America right now and the reason it's never going to be free taxpayers pay for it cuz there's the welfare system that's that's it too many people in America take advantage of the welfare system if you need it that's fine but if your second third fourth fifth sixth generation person on welfare that's a disease get off from welfare Jasper job do something productive

  3. It should not be completely free, but affordable. And US can easily afford by reducing its military spendings which are more than the collective sum of next 10 countries spendings. Does it make sense?

    Also, universities need radical changes where a model of teaching through working should be employed. Students should be used as a work force to useful projects and then paid back.

  4. College is not expensive you need to do your research and compare the tuition cost in your area the media thinks all of us are stupid. There is also scholarships and grants for vocational trade schools .

  5. People need to understand that going to school is an investment. You need to do research weather your degree is in demand for jobs or not. Getting a degree in art isn't going to give you crap.

  6. It fail to mention that when the government make student loans more accessible, the college in turn raise there tuition to take in all the money the student now have access to. Simple economics.

  7. I'm the UK, I attended a UK University in the mid 90's, It was free to attend, plus I was lucky enough to get a grant from the government to help me pay for my rent/books and other equipment (the grant you don't pay back) – Graduated University with £2000 debt. I know things are different know, but not as bad as the U.S.

  8. everyone is pointing out how they didn’t answer the question of why debt is so much in college. maybe it’s because they don’t know themselves 🤷🏽‍♀️🤷🏽‍♀️

  9. When you give someone something for free they don't appreciate it. For example, when you give the rich a free tax cut, they don't appreciate it. But when they buy it with a "donation," they appreciate it so much more.

  10. I notice you never checked out Texas. There are 13 degree programs in demand in the state that through both on campus and distance education if completed in four years max out at $10,000.

  11. Compared to most Europe. In The us college is business not a service. Like it's free here in Denmark you even get paid a monthly wage

  12. I can't wait to enroll in the useless Performing Arts so I can lean how to flash dance in public because I failed in life! Can't wait to get that $100k loan just so I can flash dance.

  13. Andrew Yang has this pinned. Administrative bloat has risen at an incredible rate, meaning colleges have to spend more to keep the lights on. Our administrator to student ratio is out of control. Many of these people are working nonsense jobs and do little, if anything, to improve the student experience

  14. I feel we do not need the wealthy to pay our SL debts as 2020 presidential candidates have offered as a resolve, but we do need the government DOE to stop committing treachery against it's citizens! 43 million of us connected by $1.5 trillion…
    I have been paying for over 22 years on a $17,500 / 8% student loan. I have paid over 3 times what I borrowed, but I am STILL expected to pay almost $200 a month for the next 15 years before the PHANTOM "debt" will be cleared…that's another $23,000. I will be 62 years old, paying almost $80,000 on a 37 year old loan…except I can't afford to pay $180 a month for the next decade and half. I have never broken the law, but my government will continue to break me until I'm dead! There should be a MERCY DISCHARGE for people like me…but getting mercy from our government…hopeless, because we are a hardy phantom A/R list for them. An asset to counter their deficit, and not an asset they are willing to give up easily. The DOE needs to take responsibility and admit what they have done to its citizens. DON'T GET A FEDERAL LOAN. DON'T DO IT. EVER. It is making a deal with the devil.

  15. I got my associates and bachelors at a state college formerly community college and got my masters at a public university Go Seminoles! in criminology and major that’s always in demand. Specially for promotion on career field.

  16. Try minimalist living and pay double the minimum payment to get rid of it. That’s my plan because what I’ve been doing is not going to work. I’m 44 and still struggling to pay the debt off. I don’t think my degrees were worthless (RN now NP), however the route I took to obtain them was unwise. I’m definitely going to steer my son in a different direction.

  17. Everything cost too much in America. Your teeth will rot clean out your mouth and you will just have to live with it.

  18. Compare professors and administrators salaries over the past thirty years and you will have your answer as to why college is so expensive. Those salaries logarithmically took off when loans became readily available, and were pushed by college counselors. I know of no other occupation to experience such a profound increase in wages during that period of time.

  19. If you want to go into a field that requires a college degree, attending a community college is a cheaper option for the first half of your bachelors degree.


  21. This is why I when I went to college in the USA , I went to a cheap college so there for my debt was nothing. I really hope college could be free.

  22. I'm from Indonesia and i can't relate this. My tuition fees are relatively affordable with a good quality of study too and my university is very close to my house it's just about 4 minutes away.

  23. Why is college expensive?
    1. College has always been expensive as it was made to educate the rich elite, before that people worked right after High School.
    2. The Rise of the middle class made college more affordable to alot of people.
    3.High influx of people going to College, mostly taking useless degrees like gender studies, in a supply and demand curve.
    4. Government decides to intervene and hand out college loans to students
    5.Colleges takes advantage of this and drives prices up as the government begins to hand out loans.

    Unless you are taking a degree in the Sciences, CP or Law, just go to community college or get a trade, it will save you the hassle and actually get you a skill.

  24. Let me FILL in what CNBC always fails to do in their reporting. It is not suprising they do because 6 companies own all of our media. Anyway.
    1. People go – we are sold this "ranking" system and pay for the brand name.
    2. People go before knowing what they want to do – go to community college.
    3. With the prestige comes the need to build and build and build – do we need that new hall? WHO CARES we build! Do we need an expansion to the stadium? BUILD.
    4. Lower level mistakes- teacher are too focused on telling kids to go to college. This is changing.
    5. Lack of education on HOW to borrow. Fortunately GCU (Grand Canyon University) had okay counselors which advised me the return the check when it got disbursed to me.

    For graduate I suggest American College of Education – all online. Suuure you do not get the socialization but why are you going to college? To LEARN. So work and go to school.

  25. Did… did she just say 350,000 dollars in debt… Guys, I’m going to a pretty good college in a year (Uchicago)… do you think ill have that much???

  26. 2 things.

    1. Not everybody has to go college. If you cannot afford it or if you are not serios and don't finish, please do something else. I mean maybe it is the system fault, but nobody forced you to sign that loan. You can do very well in life even without higher education.

    2. Parrents should be more responsible and help their kids. You know you hava a kid, you know you want him to go to college, you have 18 years to prepare and save some money to help your kid start in life.
    Its not that hard people.

  27. Lender Instituion knows education loan repay by most of the people who are there in 20s and have a long working life.

    They Knows students have long working life.

  28. So this whole video is actually a question: Why college is so expensive in America? instead of an explain about this question.

  29. college in america
    student = 100k in debt
    prof = 100k in profit
    you study while , prof drives a bmw and lives good life.
    college is a scam, time for change.

  30. Yes college is a scam just look at AOC she a total dumb ass and that one college stayed when asked what the 1st Amendment is and she replied dont Mess around on you better half

  31. You're better off doing 2 years (60 Credits) at a community College, then transfer to a 4 year College after to continue for your bachelors


  33. The way to change the system is to start young. As young as first year of highschool or even middle school. Teach our students about financial literacy. Get the topic of money into the curriculum. I'm not talking about the basic economic classes but personal finances from 9th grade through senior year. So by the time they are 18 they have a full understanding of how loans work. Not only that but how to budget, how to setup a financial plan, know more about credit, when and when not to use a credit card. Personal finances that will help them be self dependent wether they choose to go or not to go to college.

    Another way to improve the system is having a career class. I had one in middle school but we were taught to sew, cook, and fire safety.When I was in high school I only knew the basics. Only now I'm realizing how many different possiblities are out there. Not only that but each industry has sub industries and all the possibilities out there. So by the time they are 18 not only are they familiar with different titles but also the different pathways too.

    Just as one of the people being interviewed mentioned. How is an 18 year old supposed to know what they want to do for the next 50 years of their lives. A lot of people go to college not knowing what they do and spend $43,000 on trying to find themselves. Sparking these questions earlier by introducing a in depth career class will have those students thinking about these questions while their education is still free.

    One last thought. We spend 13 years in primary education relearning the same materials. How about the last two years of highschool get kids into internships, job training, and offer tech classes to all students.


  35. Government guaranteed loans. Unlimited risk free credit pushes prices through the roof.
    Remember this when politicians talk about solving the education problems when they are reason for the problems.

  36. This is why I decided to go to a Community College. Also, I go to College in Georgia and students here can get the HOPE scholarship to help with undergraduate. All the student has to do is keep a minimum of a 3.0 gpa. Since tuition here is low I usually get $1,000 to $3,000 back per semester. I also live with my parents so I usually split the money with them each semester. I'm not in crippling debt because I decided to play it smart. I chose a major I damn well know I can get a job in, went to a cheap school, earned a scholarship, do everything I can to save money. I know I'll have some debt when I go off to graduate school, but it'll be worth it to become a nurse practitioner.

  37. They should have gone to a tech school, trade school, so they know how to do something, besides being a student. The Marists NEA is behind this, brain washing students against traditional values. Hard work.

  38. You CAN point at one person and say this person made my student loan debt so much more! It’s the idiot taking out student loans

  39. Go to a tech school. People need to boycott these money sucking institutions and produce worthless employees with no skill.

  40. Psychology is nothing more studying the work of previous psychologists memorizing the different diagnosis and treating it with a biased Outlook now treatment is purely theoretical there is no definitive treatment because psychology is more about perception then chemistry a majority of the time. Scientist understanding of principles that make up the world that we live in and being able to apply those principles to alter that world mostly science is nothing more than practice. Math is math nothing more than practice. Computer and Technology broken up into so many subjects it'd be a waste of your time to go to college you're better off and would be more successful just picking up a book and teaching yourself. The only things that really need college is being a doctor or a surgeon. You should not even have to go to college to learn law it is a necessity to survive in society to even know law when can I be held responsible for one's actions if one is not a where that their actions are considered wrong making 90% of law perceptual based an ineffective. College has become a major waste of money given to a bunch of blowhards that don't even deserve it nor do they really comprehend half a crap they're teaching making them officially world class con artists

  41. If you want your student debt forgiven vote for senator Bernie Sanders 2020 otherwise you will be stuck with it for rest of your life, now you have decision to make.

  42. Simple. The government has guaranteed the institution free money. So they continue to raise the prices every year. Stop giving 18 year olds guaranteed loans with no means to pay it back. Start making the colleges responsible for paying back the loans if the student withdrawals or fails to get a degree that is useful in the job market

  43. News flash ALL colleges are for profit. Enough of the profit or non profit. They all profit from the cash cow known as the department of education



    Why is it so expensive? Because the government subsidizes student loans from banks meaning no matter what the bank gets paid wether you pay off the loan or not, this Incentivizes schools to raise the prices because no matter what they will get paid and more money means more scholarships, buildings etc

  45. The worst is that most of these debtors got a useless degree in some sort of Marxism crap . Stupid is as stupid does .

  46. My country is a shithole but we have free college education in all state owned university. And can give promissory note to private universities with no interest.

  47. During my college days, I applied for so many scholarships in exchange for my grades without any strings attached. Then in my third year they passed a law for free education, no tuition and miscellaneous fees and that's a good thing for me because I receive money from scholarships and I don't need to pay for my school fees.

  48. The way our capitalist society is built to discourage people to pursue a higher education. 😕 College in China isn't as expensive.

  49. What is that website she has to keep track of her student loans? I thought they were all handled by private collection agencies?

  50. 15:54 That's not true. It's who you know that can get you in. There are also employers willing to train people in for plumbing, carpentry, auto mechanic and installing satalight dishes with out college degrees. Computer skills and software can be learned out of a book or on the internet. There is a girl who got a good job in printing and had a diploma in graphic design that got hired over me and I had a graphic design degree and a certificate in printing. College is a scam and a degree is just a piece of paper that guarantees nothing. It's you responsibility to get a job.

  51. I really feel for you students in USA.this student debt trap is ridiculous. I guess you pay half for your degree/diploma an the other half for the prestige.Best you know what you want to do when you apply to study.you guys should consider studying outside of the US .it will be much much cheaper on your pocket

  52. The solution isn't taxpayers covering this or taxing wall street which is literally a 'snakey' way to make it sound like a good solution but it's actually, again, just the taxpayers.
    The solution is to change the mindset of employers and what they "require" or expect. And putting the pressure on THEM that if they want an employee to have a certain level of "degree-certified" knowledge, that THEY pay for that.
    Am I wrong that it's SO silly to pay thousands for something that isn't even guaranteed??

  53. Overpriced professors, overpriced administrators, and a federal government that guarantees the student loans. Clear out or at least significantly downsize these liberal arts departments, especially those with tenure who teach various forms of grievance studies. Ditto for the high priced diversity czars who have nothing better to do that to fester discontent and division. The problem is not as complex and people are making it out to be. It's a matter of not putting so much feed in the trough for the pigs to get fat (or in some cases morbidly obese in a financial sense) on.

  54. Some countries have free or low cost education that are paid with tax payer dollars. But that education is TOTALLY RATIONED. In a LOT of countries like France and Germany, ONLY A SELECT FEW ARE EVEN ALLOWED TO BE PUT ON THE UNIVERSITY TRACK AND HAVE A FREE EDUCATION . In Germany the college track is determined by 16 years of age. So your parents pay taxes – and latter you pay taxes – for a luxury that YOU WILL NEVER BE ABLE TO PARTICIPATE IN.

    But now I have been hearing stories that SOME parents in Germany are beginning NOT to take the educational and testing recommendations to steer their children off of the University track – if their child’s performance is not up to par.

    New York State use to have the same system as Germany, France and Europe – but in its City University system. Only the elite students went into the CUNY system and were the brightest students in NYC and got their education – from the taxpayers for free. Then New Yorkers revolted against paying taxes into a system where only a privileged few could get into. No one wanted to pay for someone else’s child to get a free education, whilst their child could not benefit from the same system.

    Mallory Noe-Payne/WGBH
    In the United States, 66 percent of high school graduates enroll in college. In Germany, only a third of students do.

    In an article on the German system compared to the USA:

    “Germany is very selective about who gets to go to college, because the state pays for every student to attend a public university, and there are a limited number of spots.”

  55. In comparison to the USA:

    “Mallory Noe-Payne/WGBH
    In the United States, 66 percent of high school graduates enroll in college. In Germany, only a third of students do.

    Germany is very selective about who gets to go to college, because the state pays for every student to attend a public university, and there are a limited number of spots.”

    But some parents may ignore the German tracking system – they now have the right to choose in some parts of Germany:

    “Turner’s daughter is 9-years-old and will be placed on a track soon. If she isn’t recommended for Gymnasium, the university track, Turner and her husband could decide to ignore the suggestion and send her there anyway. In the German state of North Rhine-Westphalia, the government recently granted parents the right to make that choice.”

    However, ignoring a recommendation is still rare because, for all of their misgivings, Germans still trust the system.”

    Here is a link to the full article:



    But in MANY PLACES in the USA, schools have separated bright students within the same school for DECADES!! Classes have been segregated into 8-1, 8-2, 8-3 … 8-30 for example to segregate the best 8th graders into gifted intellectual classes since the 1970’s. ( Some segregation even beginning in 1st grade). The 1,2,3 designates the 1st best student all the way down to the worst – 8-30. But in the USA system, you have until 12th grade to move up into ANY class you wish. Even if you are in the worst class, you STILL have the opportunity to take the SAT and do well and explain your years of poor grades and performance to colleges – granted you do well on your SAT or PSAT’s. (If they still have PSAT’s). Your opportunity to succeed is NEVER taken away.

    And the USA does reward brilliant minds with full scholarships. It is the lackluster students and those in the middle of the pack that end up with high student loans.

    With the culmination of City Universities, State Universities And Private Universities, the USA pays for its brightest students to go to University for free – we send more students to University with all 3 systems than ANY country in Europe. The students stuck with high tuition bills would NEVER even be ALLOWED to get into European Universities
    in the first place. So although they have high student loans, they still have the opportunity to go to University – and in Europe, they would NEVER have that opportunity. (Especially where University is rationed as in France and Germany).

  56. My son just came home because of a small balance of 3k. He was on a athletic scholarship and my husband got sick and missed some work and we fell behind on the balance owed. We did ask the athletic department for help being that he was on a athletic scholarship and they turned him down. Its horrible because he's not only a great kid he's a great student.

  57. You ever flex on millennials by not going into student debt while attending college because you saw what it did to them so you got good enough grades to get scholarships to pay for most of that and a grant from fafsa to cover the rest because your dad died so the family income is low enough to were you can get that. Now that I think of it I'd rather have debt than not have a father… Oh well

  58. The average student loan debt for an undergraduate degree has always been about the same as a new car. There is a large difference in average income for those with a bachelors degree compared to HS. For the vast majority it is an investment that pays off. Most media pieces highlight those with well above the average.

  59. $227k in school debt. Me and husband are hustling hustling hustling. and we will pay it off in 3.5 years!! Last month was month #1. Dave Ramsey baby!!!! We are fighting Sally Mae back!!

  60. There's a massive danger looming ahead if the situation keeps going like this: at 14:00, the girl says she doesn't want to go into her 30s with debt. Besides the risk of a bursting bubble, if students pay off their debts at an increasingly older age, they'll start families they can support at an older age too. And when you think men and women have their first child much later than a few decades ago because they give first priority to their career, at some point they'll be too old for it and the birth rate will go down, if not drop… Think over the consequences for the nation.

  61. We are brainwashed to the point where everyone believes that College & University are Mandatory, while rising the costs of College by twice. Bearing your heavy student loans, you would be dedicating the most portion of your live paying that back, when you finally pay the debt entirely, you find yourself had aged quite a bit & find it difficult to work.

  62. I rejected every single student loan they waved in my face. I took my time through college, worked along the way, stayed at a local community college before switching to a local university, lived at home (thanks, Mom), got a degree with no debt. Thank God, too, because now I can't find a damn career.

  63. A college degree is rapidly depreciating in value and the price of tuition continues to rise. This is not the most valuable investment you can make in life that public education lied about. College is the definition of a scam.

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