Why College is so Expensive

  • Avaldati 3 aastat tagasi

    Wendover ProductionsWendover Productions

    Kestus: 06:58

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    College is expensive. Here's why.
    Twitter: www.Twitter.com/WendoverPro
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    Attributions:
    Student icon made by Freepik at flaticon.com
    Professor icon made by Freepik at flaticon.com
    Hammering video courtesy Unripe Content
    Admissions video courtesy Cambridge Law Faculty
    Security guard video courtesy Nevada Cop Block
    Lecture hall photo courtesy Theonlysilentbob
    UMass Amherst Commonwealth Honors College building photo courtesy University Massachusetts Amherst and used under Fair Use Guidelines
    UMass Boston General Academic Building No. 1 photo courtesy Wilson Architects and used under Fair Use Guidelines
    Berkeley Lower Sprout Building Photo Courtesy clayholden.com and used under Fair Use Guidelines
    Ohio State University Photo Courtesy Nheyob

Cammy Smith
Cammy Smith

What I learn from doing university. You are just paying to teacher yourself.

2 päeva tagasi
Константин Георгиев
Константин Георгиев

Just come study in Europe. In Germany, Austria and the Nordic countries university is completely free of charge, and in most of Europe it's cheap enough to pay for with a part-time job, including for non-citizens.

3 päeva tagasi
MrFearless
MrFearless

Because they want your soul, probably.

4 päeva tagasi
Luka Komarov
Luka Komarov

*Laughs in Soviet*

6 päeva tagasi
ST1 Tom
ST1 Tom

College isn’t for everybody. I went to college for about a year and dropped out. I got into an industrial PLC programming trade, learning from YouTube videos. I make $1xx,xxx yearly at the young age of 22 for an auto manufacturer.

8 päeva tagasi
Toys and Cars 1987
Toys and Cars 1987

Are there any grant for tallent foreign students?And how to find it?

12 päeva tagasi
WALTER WALTER
WALTER WALTER

Bruh in Europe they pay you to go in University 😂😂😂

13 päeva tagasi
MUHAMMAD MUNEEB
MUHAMMAD MUNEEB

I am doing Bachelor of commerce from University of Delhi , India My whole year college fee is $178 only (₹13000 Indian rupee).

18 päeva tagasi
Aeturnalis
Aeturnalis

I would give you a thumbs up, but the "college educated people earn whatever more than etc etc" myth is total BS. That statistic is skewed by the thousands of people who have a novelty degree to justify a 6-figure income in their dad's company. Discount the bourgeoisie from the equation and you'll see that the real average 4-year-degree-holding schmuck has debt 4X higher than what he earns in a year.

21 päev tagasi
Aeturnalis
Aeturnalis

How is it that the 3rd or 4th best medical school in the world has free tuition? O that's right, greed is outlawed in Cuba.

21 päev tagasi
Dan Air 1022
Dan Air 1022

These professors don't even deserve such high salaries, we just pay them to ramble for 70 minutes three times a week, and we still have to learn 90% of the stuff at home.

26 päeva tagasi
Алексей Чепига
Алексей Чепига

Well, for whole 6 years in university I had paid just ~70 USD for dormitory :)

Місяць tagasi
Sergio Melendez
Sergio Melendez

2:33 Babson College! Horn Library!

Місяць tagasi
Andrew Seifert
Andrew Seifert

THE Ohio State University

Місяць tagasi
Pallas Cat
Pallas Cat

Educated citizens are the asset of any state. Why 90% of the civilized world understand it, but not the US? I had my master degree for free, I write in my second language I learned for free, with that luggage and zero debt I can choose any place in the world with bigger income and lower tax.

Місяць tagasi
Kolin Martz
Kolin Martz

Hear me out. Here’s my proposition. Make college free but only if you finish with a degree. More like a tuition repayment program. If that’s even too extreme for you then you can set the bar to a certain GPA level. And if you pass but are below that you only get partial repayment. This will make college way more accessible but it will nip the notion that college is for everyone right in the bud. It will actually reward hard work. Instead of perpetuating the notion that “college is necessary to be successful” it will instead preach that hard work is necessary to become successful. It will crate good habits and work ethics while in college which will most likely translate over once they transition to their career field. It also throws a wrench in the works at the current generation’s mentality of instant gratification (you don’t get your free stuff until you finish it through), lack of commitment (you don’t get your free stuff until you finish it through) and inflated sense of entitlement (you don’t get your free stuff until you work hard and finish it through.) and with less debt, the ones who do finish are more likely to buy a house, buy a car, invest in the economy. All activities that are very very taxable.

Місяць tagasi
blackfalcon1324
blackfalcon1324

You talk about salaries, however, most teachers at universities are adjucts or lecturers, who often make less than people working at mcdonalds.

Місяць tagasi
Norm Gustafson
Norm Gustafson

It's a ripoff. Even worse with Coronavirus: https://parentfinancial.blogspot.com/2020/04/covid-19-devaluation-of-college.html

Місяць tagasi
Harrison Loch
Harrison Loch

I have a 3.7 GPA and I can’t get a scholarship or grant. And my parents can’t pay either.

Місяць tagasi
Nate G
Nate G

I dont get financial aid u.u

2 місяці tagasi
Matthew Lui
Matthew Lui

Imagine paying your life savings and more for a title with no use. *Cries*

2 місяці tagasi
Finger Skin
Finger Skin

I make $180,000 dollars a year turning wrenches....dropped out in 10th grade...just have to work hard at whatever you do

3 місяці tagasi
carl
carl

This video made me want to go to college and fucked my life up

3 місяці tagasi
Nicholas Johnson
Nicholas Johnson

What about being federally subsidized?

3 місяці tagasi
Just Abee
Just Abee

And here I am in my fifth year in college, for free.

3 місяці tagasi
faisal3398
faisal3398

I read the thumbnail as "Why coffee is so expensive" and I now I want a video on that Also who the hell is this guy and what did you do with Sam?!?! /s

3 місяці tagasi
Lulu Liu
Lulu Liu

Laugh in China:)

3 місяці tagasi
Jan Kossmann
Jan Kossmann

Eat your cereal

3 місяці tagasi
Off Grid Living - NW
Off Grid Living - NW

These numbers you present do not paint the picture for historically underserved communities. Inflation adjusted for real poverty, and poor learning conditions, college cost and prep might as well be $1.2 million per year. That's how daunting the economic gap. I realize it's the instinct of well meaning people like you to make these videos, but they are based on white privilege. How about looking at what it takes for a black kid in urban America to gain access and let alone afford college?

3 місяці tagasi
Dávid bőröndje
Dávid bőröndje

*College is expensive* Norway: So that was a lie

3 місяці tagasi
Terrance Johnson
Terrance Johnson

I tapped out at 6:58 , things started to get weird.

3 місяці tagasi
Darchendon
Darchendon

I'm going to be completely honest. I'd very much rather have informational job market videos than college videos I assure you, the vast *vast* majority of people, including myself, only find job positions through newspapers or sites like Indeed. I basically live in the same city that has PNNL (also, just an aside, fuck the tricities. so fucking boring). That is the single place I know of locally that hires college educated people. Surely there must be other places in the two next-door cities that hire college people, but will I ever find out the names of those places? Nope. The trade skills Mike Rowe does on dirty jobs? There was an "electrician wanted" sign near where I live for a while. That's my entire knowledge on who's hiring and how much of these places want people trained in these skills. Unless I have hard, long, girthy data, I find people saying "oh engineers get hired a lot" or "oh instrumentation / industrial automation people get hired a lot" to not give me confidence. Maybe I should go to college to be a data analyst or statistician. but who's hiring? how much are wanted? I don't know, so in my mind it's a very risky thing to do

3 місяці tagasi
steelvegas
steelvegas

A typical millennial with typical millennialist views about the importance of college. College is only important when you want to learn about science, engineering, Medicine, architecture and law. Virtually every other degree is a waste of time and money. Getting a college degree is not as important as personal drive. Bill gates. Steve jobs, Thomas Edison, Einstein and so many other famous and successful people never went to or completed college. College also weights people down with a massive amount of enslaving debt. College is also so far behind the technology curve that students graduating in most fields are uselessly behind the curve. I went to college in the 80s. I have started three business in my life. Having sold two f them for a hefty profit and the third is still, growing and when I hire I do. It look at their education as much as I look for their character traits and their actual work experience. Everything learned from colleges today can be learned with a connection to the Internet and a personal desire to learn and apply learned knowledge, that's my opinion. It's just that, my opinion. Take care folks.

3 місяці tagasi
Thor Odinson
Thor Odinson

Being German: What is this guy talking about? Here our government gives money to students, so they can afford studying and paying more taxes in the future to return it. It's all a long term future bet like retirement funds.

3 місяці tagasi
Michael Blasius
Michael Blasius

No mention of federally guaranteed loans and laws that prevent student loans from being discharged in bankruptcy?

3 місяці tagasi
random person
random person

Imagine studying basket weaving for 20 years

3 місяці tagasi
Dicethief -
Dicethief -

Pineapple

3 місяці tagasi
James Dinius
James Dinius

I actually did some rough research and math. 40 years ago it was possible to pay for a year of college working full time at minimum wage for the summer (assuming living with your parents and having no expenses during the summer, but also assuming they do not help you at all during the school year). Add in working part time during the school year and it was pretty achievable to get through with little to no debt. This is the time when cost went down for various reasons, but demand had not yet spiked in response. Also, say parents wanted to help. If someone working minimum wage could earn a year of college in one summer, I'm guessing most parents with a decent job (substantially above minimum) could save up enough for 4 years over the course of 18 years (of course, that assumes the child is a single child, adding more children makes this less achievable). Now say the more achievable goal of parents save some money to help the child with college, but not enough to pay for it all. The child meets the gap working part time (full during the summer). Plenty of margin there.

3 місяці tagasi
James Dinius
James Dinius

I can agree with this assessment my (nearly complete) college education has left me with $35,000 in debt. What does that get me? A likely starting salary of $60,000 (on the low end). That seems like a good deal to me. In fact, if I play it carefully, I could probably pay that off in a few years. I could live on 30k without too much trouble (based on supporting myself in the summer where grants and loans aren't covering my housing). That wouldn't cover it in one or two because interest is a thing, but paying it off within 5 seems pretty achievable.

3 місяці tagasi
Icecool Gaming
Icecool Gaming

No stop telling kids to go to colleage we can't fill the trade jobs we need 300,000 electricians and that number is growing everyday all of the trades need people all the old people in trades are retireing you can make 42,000 to 72,000 bucks a year by being a carpenter but electricians make more we need more people in trades now not later

3 місяці tagasi
Pariskachu
Pariskachu

Laughts in France

3 місяці tagasi
I'm Iron Man
I'm Iron Man

*Laughs in Canadian* *Laughs at Canada with European*

3 місяці tagasi
Eldę KõnØsūbą's
Eldę KõnØsūbą's

United States: education is expensive Argentina:Laughs

3 місяці tagasi
mdredmond71
mdredmond71

I dropped out of college and earn three times (almost 3.5 times after bonuses) what my degreed wife does. I think it makes her crazy.

4 місяці tagasi
Subscribbles
Subscribbles

What do community colleges do that causes them to be so cheap in comparison?

4 місяці tagasi
Washington Werewolf
Washington Werewolf

What the statistics at the end don't account for, is the difference in income by majors. If you get a degree in the humanities, you are likely to earn a lot less than someone who gets a degree in something that there's a demand for. For example an art major has to forge their own way after college. Otherwise the video has some great points.

4 місяці tagasi
stilldownwiththemutantunderground
stilldownwiththemutantunderground

Holy FUCK, that's expensive! Thank god I live in Europe, where it's free.

4 місяці tagasi
Bill Woo
Bill Woo

College is a great investment? That, sir, I regret to inform you, is a load of shit. And this isn't sour grapes. For ME it was a great investment. For 98% of others it's a calamitous money pit. Go to trade school or trade training instead.

4 місяці tagasi
Bill Woo
Bill Woo

And don't be flocking pieces of useless scmbag chit and support reneging on your student loans. Those of you crybabying about it and championing Democratic party candidates should have instead mowed lawns and washed dishes to save and pay for college like the rest of us did - instead of making a solemn legal commitment, and now voting to pass the cost on to me, AND got to live it up during college days. So much for integrity, huh?

4 місяці tagasi
Ramzi Haroun
Ramzi Haroun

My son finished dental school and his tuition was around 300,000. If I do not help him paying back this amount with the interest rate, he needs at least 10 years to pay it back. As a new employee to a dental clinic he takes only 30% of what he works ( the 70% is overhead). Most insurances do not pay for dental work especially Medicaid.If I do not help him, when he can buy a car or a house etc..Our government is giving away billions of dollars to " friendly " countries while our students are in financial trouble. To be admitted to a dental school, you must be highly competitive and has a Bachelor degree in addition to Masters in a related subject. To finish Dental school you need at least 10-12 years of education in addition to a field specialty. If you work for 12 years in addition to another 10 years ( to pay your student loans ) =total 22 years of your life had gone without making any money. Better go to a tech school and be a plumber, or Heating and cooling tech school and you open your own business. Education is not profitable financially as it was before.

4 місяці tagasi
DOHC 106
DOHC 106

This video is short and sweet, but irrelevant only to a point because American students are trillions of dollars in debt. There are not enough good paying jobs to offset that either. To me personally there is a direct correlation to health care costs. As he stated, more of the cost of education falls on the students just like the average worker is absorbing more of the cost of healthcare premiums.

4 місяці tagasi
Bill Woo
Bill Woo

What's angering though is that many students KNEW that, but looked at student loans as "free money." Now they're being pussies and want to change the terms that they legally agreed to. And P.O.S. political candidates play to that dishonor. And they well may win from the strategy, because P.O.S. voters vote for perceived selfish enrichment - such as the notion of legally reneging on their legal obligation, the student loan. They should have washed dishes to save and pay for college like I did.

4 місяці tagasi
Sam Potter
Sam Potter

You talked a lot about professors, but the growth of the staff to student ration is mostly due to the increase in various non-teaching staff (mentioned briefly). Also, many professors today are adjuncts - a large percentage at most colleges - and they are not compensated as you describe nor are they tenured. The statistic that college graduates make more ($500,000 more in your example) than high school graduates needs further explanation. A student who graduates after six years with a liberal arts degree from a non top tier college us unlikely to achieve that.

4 місяці tagasi
Brett DeLong
Brett DeLong

Colleges don't build $500/ft buildings so they can attract students. They do it for self glorification and as a way to justify the insane amounts of tuition charged. If a college skipped millions upon millions of dollars in new vanity projects and just lowered their tuition to they would be turning students away.

4 місяці tagasi
Brett DeLong
Brett DeLong

If you want to get laid go to college. If you want an education go to the library. --Frank Zappa

4 місяці tagasi
Brett DeLong
Brett DeLong

I have met college graduates that are barely literate. Not everyone is meant for college. There is a huge need for trades people at the moment. Fresh out of high school you can go to electrician trade school for 9 months, then go on to become an apprentice for 5 years. From there you can eventually make in the mid $80,000's here in flyover country with minimal student debt. A huge disservice has been done telling young people they need to go to college.

4 місяці tagasi
Bill Woo
Bill Woo

Astute. And accurate. Similarly, everyone (not everyone, but an undesirable number on the margin) think they need to reproduce. And if you work in an office, watch the glowing adoration a woman gets when she brings in a baby to show it - and watch the expression of every childless woman observing.

4 місяці tagasi
Brett DeLong
Brett DeLong

Borrowing $128,000 paid back over 10 years is entirely realistic as it would yield payments of $1400/month. Paying back double the principle amount or $250,000 plus is entirely realistic meaning the benefit of a college education isn't $500k, it's $250k over a 40 year career or roughly $500/month. When you consider how much inflation will diminish that $500 by the end of that 40 years it makes the case for college dependent entirely upon what your major and therefore your earning potential is. Doctor? Accountant? Computer science? Engineer? Yes. Sociology? Music? Philosophy? Hardly.

4 місяці tagasi
Allen Brickey
Allen Brickey

It's not college that matters, it's skill. Colleges teach skills, just as trade schools do.

5 місяців tagasi
Moyin Adegbie
Moyin Adegbie

Shit I'm African how does this make me feel 😥💔😂👍

5 місяців tagasi
Juan Jerez
Juan Jerez

If you have looked at how college tuition has skyrocketed over the years, and you dont see anything wrong with that picture, are you sure that there is anything that higher education can do to help you?

5 місяців tagasi
Matthew Rodriguez Quezada
Matthew Rodriguez Quezada

The education system here in the US is rigged. That's why other foreign countries education systems are better 10 times better than this country.

5 місяців tagasi
Águila701
Águila701

College is a scam. Try building wealth when you start off with a huge ass debt.

5 місяців tagasi
sfladvad
sfladvad

Not discussing why college is so expensive in US, and why not in the rest of the world is a huge misstep. Pure neglience

5 місяців tagasi
Bill Woo
Bill Woo

Let me guess: because Socialism in the U.S. lags behind other advanced nations? And because Communism, the product of Socialism, is the fairest and most prosperous, and keeps "unproductive" funds away from the rich and successful? If not, great. You're not the idiot that this backhanded clubbing is intended for :) If so, your horseshit is thicker than ever :)

4 місяці tagasi
HeroT
HeroT

I feel like I’m wasting my life going for a Film Production career when people have told me that I will spend months looking for work and that I won’t always have work because it’s such a competitive career field. :(

6 місяців tagasi
Bill Woo
Bill Woo

Success in the arts requires much more than the art. Like anything else, the object is to make things happen, for you to succeed. To delegate. To promote. To keep administrative costs down. To form allies that advance you instead of drag on you. Unfortunately the arts are no meritocracy. The ones that prosper in it MAY have great art skills - but often they succeed from being a mover and shaker. And promoter.

4 місяці tagasi
John Bishop
John Bishop

I went to a university, followed by two different trade schools. I could have just done the last trade school and saved a ton of time and money

6 місяців tagasi
Bill Woo
Bill Woo

If only everyone would follow that obviously correct advice. Unfortunately, student loans mask their rationality. And then when that investment goes tits up, people want OTHERS (who worked at a car wash in college instead of huge financing) to pay for their mistake. I hope you are honorable and don't fall in that camp.

4 місяці tagasi
Bob Jordan
Bob Jordan

Pure BS

6 місяців tagasi
Zachary Deziel
Zachary Deziel

OK Boomer

6 місяців tagasi
The Tiller Willer!!!
The Tiller Willer!!!

I just did some research. In Iceland it is free to go to college and, as a American who only speaks English, hearing they spoke English as there second language was great. I’m bout to move to Iceland for college fam 😂😂😂😂

6 місяців tagasi
TTKBACC
TTKBACC

I Saudia Arabia they pay you to go to collage

6 місяців tagasi
Ali Aleem
Ali Aleem

I think colleges are for those who are in medicine law or something like that.Getting a degree at debt do not worth it.(mostly doctors can pay off easily so....)

6 місяців tagasi
Ali Aleem
Ali Aleem

Well out govt colleges are free (we pay by tax which is fine)

6 місяців tagasi
Majorohminus
Majorohminus

The cost of college must be talked about in a time value of money sense. The 100k in you pay for college in your 20s will be worth 800k when you are 80 just from inflation. Loading all your most productive population with this kind of debt while they are starting their life is detrimental to both the person and the long term society. These people will buy homes later and have kids later, a great way for the society to be unable to support all the old people that are retiring.

6 місяців tagasi
xq39
xq39

College is expensive because nobody pays for it directly up front so the price has to be risen to make up for those who take out loans that do not get payed back. So basically the honest people get fucked in the ass.

6 місяців tagasi
tammy ward
tammy ward

Dude the average tuition for in state education in texas is 12000

7 місяців tagasi
izzynelo
izzynelo

I was all for this and agree. I even hit the like button, until he said college is the greatest investment in your life. Telling kids to go to college... then I disliked. One of the biggest reasons why college prices go up is due to that huge demand increase. Around 45% of recent college graduates do not even get a job that requires a degree. College is WAY too overprescribed and our high school system makes kids think college is the ONLY way to be successful. We need to de-emphasize college as an option out of graduation and emphasize more trade schools, etc.

7 місяців tagasi
Bill Woo
Bill Woo

@Derreck Pressley In corporate America I believe you have it 100% wrong. With the short term mentality fast-foodization of American corporations, cheap kids are far more desirable than seasoned wise men, never mind the pennywise(etc.) reality of that. And where do you get that job durations are increasing? They've been decreasing for decades, and *sharply.* Did that tidal wave turn backwards while I wasn't looking? You're right about automation, but to a degree. The "victors" (the prosperous) seem to have an unending demand for health care, including private health care. I believe that if you're responsible, there will be essentially unlimited demand there. I would advise youth to become nurses and to specialize (and become rather rich, as happens today); but even as a bedpan overnight private nurse or even attendant there appears to be no end to the demand. And that's just one strong example. On the very higher end, they pay people to drive their kids to school. To work at the country club. At the marina. To hand wash their car (price be damned). To maintain their pool. God knows I hope you aren't one of those cretins that says trickle-down doesn't work. On the medium end do you notice that more people are doing dry cleaning? It seems that way. I know more are going to boutique grocery stores. And spending profligately on Amazon. The point is, automation will specifically reduce jobs; but there is a tremendous supply of payments - employment - that arise from the savings.

4 місяці tagasi
Derreck Pressley
Derreck Pressley

Yes, kids graduating college today aren't able to put that degree to work right away. This is due to several factors, the first being that most Americans are staying in their jobs longer, meaning their are fewer jobs for the newly graduated. In 1990 the average retirement age was 57, today it's 62. Secondly, more jobs not require a college education, but they also typically value or require experience in the field as well. With more people having college degrees it's easier for employers to get a new hire with college degree and experience in the field (which also drives down hiring salaries). However, despite this trend, college is more necessary than ever. Statistics show that people with only a high school level education will earn significantly less over the course of their life than people with a college degree. And probably most important reason college is necessary is automation. The world is changing rapidly and technology is making it more cost effective to replace a low skill worker with a machine. Just think about your local Walmart or grocery store. 15 years ago there was no self-checkout; now the only time you see more than two actually cashiers is during the holiday shopping season. How often do you go into your local fast-food establishment and sit down to eat, you order from drive-thru or use an app for delivery. Low-skill jobs will be virtually non-existent in probably 30 years; the only jobs available will be those that require to analyze and problem and develop a creative solution. Two things you're supposed to learn in college (regardless of your major).

7 місяців tagasi
Slavic Soldier
Slavic Soldier

So basically to make college cheaper make it easier to fire professors with tenure,cut costs on "ammendaties" and administration. Also it makes absolutely no sense that more students signing up for college makes college more expensive. If I`m a business and I get 50% more clients that does not make my product/service more expensive. If anything it makes it cheaper.

7 місяців tagasi
Slavic Soldier
Slavic Soldier

@Derreck Pressley You`re measuring things in absolute numbers not purchasing power. The average american had a PPP of 23,000$ in 1990. He has over 60,000$ today so that stuff has actually gotten cheaper. And accounting for inflation it has gotten even more cheaper. That`s not the case with university.

7 місяців tagasi
Derreck Pressley
Derreck Pressley

@ Slavic Soldier It actually makes perfect sense when you think about it. We sell more cars then we did 30 years, how much does a ford Taurus cost (1990-$13,000, 2018-$28,000) . We eat more big macs than we did 30 years, have you seen the cost of a big mac lately (1990 - $2.20, today-$5.59). The price goes up because as demand for an item goes up you have increase procurement of materials, increase your production, and increase your distribution to meet the new demand. Since 1990 college enrollment has almost trippled; which means you need more dorms to house the new students, you need better registration systems to handle the increased capacity of 2,000 people registering to 8,000 people. Which leads to the two biggest factors to increased tuition; you need more classroom buildings to house all these new students and you need more professors to teach them. That's how increasing enrollment can lead to high tuition costs. However, it is possible to handle increased demand without raising costs, but most college administrations are not Wharton trained CEOs, they are former teachers that rose up the ranks to be a college president. Doesn't come easy to them.

7 місяців tagasi
David strange
David strange

More people need to go to a trade school just saying lol

7 місяців tagasi
Derreck Pressley
Derreck Pressley

Automation is going to severely curtail those jobs over the next 15 years, college is still the best way to go.

7 місяців tagasi
sor3999
sor3999

There's also a huge influx of rich Chinese students who will pay the full tuition amount. They subsidize tuition for everyone else since the 2008 budget cuts.

7 місяців tagasi
Derreck Pressley
Derreck Pressley

98% of schools have less than 5% of their student body coming from foreign students.

7 місяців tagasi
Ventos
Ventos

Holy shit college is expensive in America

7 місяців tagasi
Michael Uhen
Michael Uhen

College is expensive because the government subsidizes and backs student loans which allows for more ppl to go to college but with a higher demand comes higher cost. Then colleges spend money on making the campuses look like country clubs to attract more students. Our whole school system from elementary to college is bloated and inefficient. You don’t need a world class gym to get an education. A lot of useless costs would be cut if we stop subsidizing loans and artificially increasing demand.

7 місяців tagasi
Bill Woo
Bill Woo

@Derreck Pressley If you don't think subsidies alter demand, you really need to go back to school. They definitionally increase demand by every economic principle in existence.

4 місяці tagasi
Derreck Pressley
Derreck Pressley

I agree with part of what you are saying, most colleges are run nearly as efficient as they could be. However, the loans don't artificially inflate demand, the demand was always there, the federal loan system just made college a real option for a lot of students whom otherwise would not have had the opportunity to attend.

7 місяців tagasi
Ishmael Amah
Ishmael Amah

When did 2004 become millennial?

7 місяців tagasi
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Dont listen to this guy about you have to go to college there are other options 60% of companies dont look at colleges unless it's a ivy league school like Harvard. What they want is experience and that you know your shit. With knowledge being so accessible on the internet you can learn everything online for free or learn from actual experts in the field and then put what you learned into practice. Think twice before you make a big life decision like this take a gap year work travel figure who you are what you want to be want to do what you like and how you can you make it work try different things even if you might not like it to start you.never know till you try this is your life and at the age of 18 most dont know what they want to do take a gap year if.you must before making that $35000 - $100000 investment.

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