Noam Chomsky: "Students who acquire large debts putting themselves through school are unlikely to think about changing society. When you trap people in a system of debt they can't afford the time to think. Tuition fee increases are a disciplinary technique, and, by the time students graduate, they are not only loaded with debt, but have also internalized the “disciplinarian culture.” This makes them efficient components of the consumer economy."
The biggest problem is the financial aid system. With more financial aid, schools can charge more, and then, students need more financial aid which makes the schools want to charge yet more again.
The problem is not the financial aid system. I believe that the problem is the lack of regulation over the tuition fees, since education is not a business is a public good.
absolutely, the tuition goes up like every semester and financial aid lowers each year. even if the financial aid stayed steady it still won't cover the tuition. back in the days financial aid not only cover tuition but you also get book credit but now you have to pay out of pocket.
@Lorna Broom No, but you can present your work. You can make your own website/portfolio. If you want to be for example: designer, web developer, programmer, game dev, software engineer or something like that, you can easily present your work. Of course it's not possible to do it this way for all jobs, but for most of the "modern/new" jobs you can. There are guys who made open source projects and shared them on github and if they will be looking for a job, they can show exactly that, which shows/proves that you actually know what you are doing and that you are passionate about it etc.
Lorna Broom I learned wordpress on youtube and now I can be the freelance web developer I always wanted to be, and it was free and it didn't take me a whole year only a few days. Now I am learning how to restore my 1967 mustang using TH-cam videos.
I attended a public university in the mid 1980s. My first two years of school, the tuition + books were covered 100% by my PELL grant. In fact, I always got a refund check for the over payment of the difference - free money! In 1984, Ronald Reagan's education budget cuts eliminated my PELL grants, but I was able to get a College Work-Study grant with which I worked three hours every afternoon Monday - Friday in the university library. That College Work Study job completely paid my tuition and books for my remaining two years in school. I graduated in 1986 with my BA with zero debt. Damn, how times have changed for the worse.
Just like the mortgage crisis. The government decided to subsidize college costs. Once they started making it easy to take on massive amounts of debt as a student guess what happened? Tuition rates started jumping 15% a year for the past 2 decades.
mark k not when there are no jobs to fill. I took pit student loans and didnt graduate I am now no longer getting a tax return until I pay off my ever growing interest so basically I no longer have a tax return.
a friend of mine got a loan for medical years ago and he never paid it back. sure, they dinged his credit, but being a pediatrician, he bought a house with cash anyway...lol
+Zenn Exile You must have a circus inside your brain, because that rant you made is filled wild acrobatic stunts and trapeze acts. "Financial institutions were never meant to make a profit." Excuse me, but you don't have the fainest clue what financial institutions are "meant" to do. What they do, is frankly, not even your business. If they want to run for maximum profit or at a loss, that's their decision. You don't decide for them what they should do, anymore than they tell you how to live your life. You talk about the rapid deregulation of the financial industry, yet the financial industry is one of the most heavily-regulated industries in the country and has been for quite a while. We got the FDIC, the NCUA, the Federal Reserve board and much more. You throw around the word 'free market' like its some living thing or monster. No other system has enabled more people to lift themselves out of poverty than the free market. The chorus of history is quite clear on this.
I like the idea of tuition being based on expected earnings with a given degree, but I also think that self-teaching should be an option. People should be able to learn the material for a class, take the final exam for a cheap price, and get college credit if they pass. Education and healthcare are two very important things, and in the US so many people are in debt over these things or don't get them at all.
That works for simplistic degrees such as literature or psychology, but will never be the case for degrees requiring hands-on work such as engineering or nursing.
This isn't on the professors. Most are there doing research and teaching a few classes on the side. The problem is a combination of administration and, at least for public institutions, the limitations put forth by state legislatures and state boards of higher education. We professors don't benefit any more from the current system than from the way it was run in the past. In many ways it puts more strain on us as well.
There was a Cuban dude on youtube, who commented and scoffed at a point I was making: Cuban students can get a masters or doctorate degree -- all paid for by their government (because they actually invest in their people). The state has a very high-level of medical education. He finally admitted the western/American system wasn't perfect. And it isn't. He emigrated from Cuba, and is now in the U.S. He simply jumped from what he thought was the frying pan, and hopped into the fire. Western countries no longer have to invest in their people -- because they simply cherry-pick and immigrate any kind of workers they want -- STEM workers, low-wage low-education, nurses, etc., like they are picking and choosing them off a restaurant menu. That's the new economy. It's ugly. It treats workers like disposable garbage. It destroys communities. It's focused on profit over ethics. It sees only borderless markets and quashes nations. Until our economy changes, nothing else will be changing either.
+Beboabracadabra 234 The good news is that everything there is to know and learn about in the internet age does not require stepping foot on a college campus. Knowing that, every young mind should make it their goal to find what they like to do (not what other people tell them they should do), study it hard on their own, master it, and find a way to apply it to the world.
This is so depressing because my parents made this mistake and then kept telling me to take out student loans. I had to lie and say I couldn't take out more after $42,000 because it was making me sick. I was young and didn't realize how serious this was. of course I was loaning them money... dont know how I could have been so stupid. I bought thrift store clothes and wouldn't buy a car. I had 2 jobs and walked alot....
"because they bought a defective product" This is exactly how I retrospectively measure my college education, and I suspect most that have fallen to dilemma feel the same. It's not what I signed up for. Product and consumer were not discussed with my parents, or my high school counselor a decade ago. I signed up to build a life, but ended up buying one.
what did you major in? unfortunately the types of programs I'm interested in seem like they would require physical presence in the classroom or field. But online courses would be invariably useful. I will look into it. thanks
Bob Saget I went to WGU for a bachelor of science in IT with an emphasis on software (poor man's computer science degree) while working at a help desk that didn't require experience. Still took over a year from graduation to move on to network engineer. The position I have now required certifications that happened to be included in WGU programs. There is a gap though, between what I had to do for school and my actual duties at work (school was tougher). But I'm not complaining.
Absolutely true. Going to college feels like some kinda military training where ur "trained" and not educated, to combat the corporate life. Nobody talks about new stuffs or new ideas.
In Poland higer education is free but not everybody can go. People with worse score have to pay. I think it is a fair solution cause not only the rich can go but also talented kids from poor or not so wealthy families. It supports talent and dedication instead of $$$. That's why in Poland we have a huge amount of good engineers and scientists.
Make sure you choose a social justice course, that way you not only don't ever pay your loans back. But you also become actively unattractive to employers
***** Sure, people whom do social justice courses such as "women's studies", "gender studies" and "masculinity studies" don't earn enough money to pay their loan back fully. Those courses also actively make employers more unlikely to hire you than if you had no degree at all.
When will it change? How much longer can costs increase? How will the really expensive schools be able to adjust to the lower revenue and budgets? I feel like the only way is for the system to crash and start over.
It won't change, education is so powerful in levelling the playing field when it comes to escaping generations of poverty, that people will do anything for it, even if it negates the benefits.
Something truly has to be done about the cost of education. I have said and will continue to say education should be free in America. We pay taxes for everything else. The American dream is dead, especially as it relates to education. I'm just now making what I should have made 5yrs ago. Yes, I have a Master's degree, but the salaries most companies offer is laughable to say the least. People complain about the military, but if I joined as planned today I would be student loan debt free.
No, college debt does not go away and there is a long list of actions that they can take to make sure you pay the money back. The most frequently used method is to garnish your wages.
He makes a good point about the consumer/student not having a way to gauge the return on investment.. he says this is why tuition costs are skyrocketing out of control. Look at the parallel with healthcare.
What a great way to frame the issue of the value and costs of higher education as opposed to simply pointing out the symptoms. I'm lucky enough to have gone to college at a time when a near-full time job paid enough to pay for my tuition and living expenses and therefore graduated with minimal debt. My how things have changed.
Great video and tips on College Debt, I'm very proud to be a college graduate but it's crazy that college tuition increases every year. College should be a great experience for all. I take responsibility for my debt and I will never regret going to college. One of the best decision that I have ever made and the beginning of my self education. Don't be scared to go but do your research kids.
I go to a Community College and my first year my Pell Grants paid for the first year. I go back in the Fall and they gave me a $1000 tuition scholarship because my G.P.A was good. So far, schools been free for me
@Black Spiderman how's going now? because I did the same thing by going to community college which I went for almost fees only few times where I have to pay for textbooks but now I am at university I was suppose to finish within 2 years but the requirements of the university made it hard to do that. and my grants aren't really covering my cost. I also got a scholarship but the rising tuition just keep making hard to pay for it
Black Spiderman My degree was also near free. I started at Community- then continued, to University. In the 90's this cost me 5,000 USD. in total. Some here ...use a student loan, to live large. My friends, and I starved...and worked.
Had to drop college to take care of my dad who had Alzheimer's and my mom who had cancer now that they both past away I cant go back because of my withdrawals and I'm stuck with over 30 thousand in loans and no excuses.
Here's how I feel about the whole issue about college and debt because I feel that a lot of people my age (21-28) feel everything is unfair. A lot of people go to the most expensive colleges and get poor grades and don't apply themselves to their majors and on top of that choose majors that make very little money. For example you don't need to go to USC and pay 50k a year to get a communications degree. I'm not sure what people are expecting. It's not about where you go it's about what you do at school, I know kids that went to not so prestigious schools that were affordable and they are working for some of the top firms and company's in the country. Yes, UC Berkeley will get you more interviews but people will notice that you're smart regardless of what school you go to. Using me as an example, I had choices of schools to go to but I chose the one that was the most economical and had the best engineering program. Yes o had to work and a study at the same time, but it meant that I wouldn't be astronomically buried in debt. I graduated in summer 2015 got a job in my field shortly after and payed off all my loans by spring 2016. I get that school is expensive but no one is forcing anyone to go to the most expensive schools, choose majors that they are not interested in, make the least amount of money, and have a difficult job market.
Here is one great solution..require all universities to guarantee the student a job in their profession within a year after graduating otherwise provide more schooling for free or a full refund..This will hold the higher learning institutions accountable and in check.
MrBeast1901 they are responsible if the person is paying for a service that they don’t receive. It’s called accountability. That is looking out for yourself
Not only loans, but universities charge ridiculous rates and tuition prices because they justify 5 digit cost for semester because its 'optional,' without taking into account that our society/employment pretty much looks down on people without diplomas and didn't go to college.
I constantly tell people who are thinking about going to college, "Don't go to college unless you know exactly what you want to do after it. If you don't need that degree to do that job, don't go to college." I have a friend who dropped out of college because he already had a job that pays him nicely and allows him to live a pretty comfortable life, and there's nothing he wants to do that requires him to go to college.
Well worth it considering the benefits received... Maybe you may not feel that way, but if you want to live in a society where your worries are taken care of and you can think of bigger things, Sweden is a nice place.
Salaam (Peace)! This video was one of the best Ted Talks I've seen, mainly because of the subject matter. Debt enslaves the borrower to the lender... And most students, inclusive of myself, spend a lot of time and of course money trying to free ourselves. May the Creator provide us all the means, the opportunity, and the courage to pay our debts off, and take preventative measures to assure avoidance of such circumstances for ourselves, our families and our loved ones. Ameen. #debtfreeisthegoal
Thank You so much for this important and needed information ... Yes, our education system has become a system driven by greed and it exploits many in a manner that is heartless and cold ... May we begin to stand up to this system and make the required changes ... Love & Peace to All
I’m in college again now at age 51 and this video is a required viewing for our class. Funny how I already knew this and am applying his knowledge to my own tuition. At least at my age I already know what I’m getting into.
making student loans dischargeable in bankruptcy again would incentivize lenders to only lend to students that had prospects of graduating and graduating in a degree that would generate the income to pay back the debt. That is the fundamental problem with higher education today is that there is an unlimited amount of money because there is virtually no risk for the lenders so they don't have to do any due diligence and all of the Surplus money has driven up the costs for the laws of supply and demand. We can thank the clintons for that for doing this at the behest of Goldman Sachs in the 90s
Yeah, there are MANY great things about living in the U.S., but plenty of downsides as well. Here they spend all of your school years pushing it on you to believe the U.S. is #1 at everything, then you grow up and get out into the world and realize you've been lied to. It's pretty awful.
My great uncle went to college, then to law school. He worked a part time job while he went to school. With that part time job, he was able to afford his tuition, his books, his housing, food, a car, gas, and everything else he needed. He graduated with $300 left to pay on his car and had that paid off within a month of graduating. That was back in the 1960s. He never even thought about getting a student loan. And he never had to take any social justice or diversity classes. He took classes that actually pertained to his chosen major.
This is exactly what's been going through my mind right now when thinking about transferring to university since I have psychology and philosophy A.A. degrees I'm worried about majoring in what I love because I will be taking on so much debt and thinking about where my future will be after obtaining debt.
Occupation: Postdoctoral Fellow in Cancer Research Salary: $47,800 per year May 2016 Balance: $51,000 October 2019 Balance: $9,720 Earliest Zero Balance Date: July 1, 2020
Sooooo who wants to help me get started on this app lol, I wish more millennials would stop getting comfortable in uncomfortable situations and actually take a stand. I understand that we are young but we can make a change happen if we unite... Professor Sanjay is truly on to something.
I would like to hear Sajay speak more on the idea that high school graduates pay the ultimate cost. I feel it's a type of inflation effecting almost every level of work. Construction is my trade and the regulators love to come up with new licenses and categories and I suspect it devalues the old licenses and gives more power to the large corporations. If you have a very specialized degree or trade license you have a limited "usefulness" in the work place. This gives the leverage to the large corporations or regulating bodies. With leverage comes money. The people who make it all happen end up taking the hit. Thoughts? THanks for the talk Sajay, I have 5 young ones and their future is on my mind.
"College" is big business. If you don't understand that or the terms of a loan you are not college material. And NO, I am not interested in paying for YOUR Liberal Arts degree after paying as I went to gain marketable skills.
BIG HORN MGTOW I tell my kids and everyone else who will listen. Schools should be teaching kids these things too in whatever financial literacy courses they offer. Don't borrow money without understanding the consequences.
Almost 50% of recent graduates are employed in professions that don't need college degrees, See www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?sd=10%2F9%2F2014&id=pr846&ed=10%2F9%2F2099. Why are we surprised that tuition is rising by at least 10% per year by the money hogging colleges. Oversupply results in overcharging. Politicians loves saying education matters, 50% of the college grads disagree. Europe and other countries' free tuition also works the same way, it just that instead of students paying for overcharging, tax payers overpay instead.
Education should be affordable...full stop. In Italy in public universities you'll pay between 1.000 to 2.000 euro at year. This amount can be payed easily by the parents or the students with a small part time job.
I go to college just so the professors play TH-cam videos to teach me, and my classmates, but of course I won’t be able to find a decent job if I don’t have the Diploma that certifies that I’ve been watching TH-cam for four years.
If only I had watched things like this before entering into crippling college debt that will be nearly impossible to pay off unless I get a MASSIVE pay raise (I'm in the medical field, it isn't what it is touted to be unless you are a doctor.)
Income based tuition would further income inequality nationwide by keeping high paying majors out of the reach of the less privileged. In theory it makes sense, in practice it destroys the American dream that it would be meant to protect
Any way you cut the slice, student loans are a rip-off. There are certain limited circumstances where it could be a good deal. For example, you're studying for a high salary earning degree and you just need to borrow 1K to pay for books to finish one semester. But if you depend 100% on student loans that means one thing: you cannot afford college, so accept the fact that college is NOT for you. End of story. Rough, yeah; but true. Of course, that's not how it should be, but that's how it is. Fight to change the system but don't be a willing victim to it. Protect yourself. Debt ruins lives beyond the power that any career has to save you. Interpret this situation accurately - "America" hates you if you're poor and loans are your only hope for college, in essence. Allow the pain to forge you into a stronger, tougher, more cunning individual and find another path in life. "You could be a meat eater, kid, and I mean people not their garbage." - A#1 (Lee Marvin), Emperor of the North.
This is the definition of an economic malincentive. Let's say some people can only afford a Canadian Studies degree. Well, suddenly a ton of people are getting Canadian studies degrees and you only have three jobs in all of Canada for such people.
Following the laws of supply and demand, the increase in tuition fees is linked to the increase in population and lack of new higher education providers. You have two options: 1. Lower the demand by lowering the population. 2. Increase the number of colleges to satisfy the demand.
"The worst of times can be the best of times, because certain truths flash up in ways that you can't ignore". My friends, this is spot on. The housing crisis was first, the student loan crisis is next. If too big to fail Wall Street can get a bailout, what about the 50 million Americans laden in student loan debt, and over 10 million of them in default. Where is the line drawn here? Does this country not see why the economic conditions are sour? Housing market remains down because Millennials cannot afford it. Some are paying a mortgage in student loan debt! We are doomed! If only we can put a human face on capitalism like the Australians do with their Student Loan programs, we could have a much better America!
The thing is most jobs don't require a degree. Getting a degree doesn't guarantee a good or stable job. In the developed world there is a growing need to service the senior care market. There is virtually no end to the work, it is stable but it is also low paid. The kind of jobs helping seniors are cleaning, cooking, helping them shop, helping them sort out the garden, looking after them, keeping them company etc. (Education confers a status symbol and its marketers look down on most types of menial work. But the market doesn't.) The way to make even more money from it is to run an agency to send multiple senior helpers to serve more of the market. Scale it up. Move in the direction of the market and you'll get rich and make more opportunities for yourself and your family.
I graduated from a #1 school, highest median starting salary from a public institution. Highest 20 year ROI, highest % of students rising from the bottom 20% to the top 20% of the economic ladder. Soul crushing, psychological damaging, 5 years with mandatory summer sessions. My first job out of college paid $130K( $100K salary+ $30K bonus) in 2019 dollars as an engineer in the oil business and it still pays that today. The $1500/year tuition and fees were paid by a benefactor, who graduated 30 years earlier. Only Engineering degrees offered, all students take the same classes for first 3 years. At freshman orientation, " look at the person on either side of you, they won't be here for graduation" I am retired now, throughout my career, I have gotten jobs by tapping my school ring on the interview table and asking ?Do you know where I graduated from? I never tell anyone what I make, people on the job for 10 years get less ( It is a terminatable offence ) I tell my employer that, I am the sharpest crayon in the big box, 96 with the built-in sharpener. What I found out was that State schools get funding based on graduation rates. there is no 2/3 cull and a 1400 SAT not required, JUST MONEY. We let the 80 IQ village idiot go to college borrow $120K, 33% of which is " living expenses) Drinking, partying, f-ing, then no degree and default.
Reflexive process. Tuitions follow the basic law of supply and demand. To counter this issue, people need to realize not everyone needs to attend universities. Another root of the problem has been government interference by providing countless millions of students with grants and loans which results in price inflation. Moral: Do not go to college if you do not need to, there are alternatives such as trade schools, internships, and entry level positions where one can get relevant knowledge, skills, and experience in ones respective field. If you do attend college, a degree in therapeutic dance probably will not help pay off student loans.
This is why I dropped out I saw the numbers in my second semester and couldn't put myself that far in debt. You aren't guaranteed a job. In a way it's like gambling. Placing a giant bet on your future.
I am going to teach my future children to create their own jobs instead of going to college and getting a job after they graduate.I certainly don't want them to be in the same situation as I am now. It's ridiculous. I am not saying I wasted my time in college, I learned a lot. I am currently working on my masters, and I had to pull out some more loans. Hopefully it will be the last time I ever do that!
When you go to college or university you are paying to gain knowledge, to gain wisdom, to become more educated. You are not paying for a potential job that you may get after graduating. That is not what educational institutions are responsible for. They're only responsible for educating you, nothing else. You need to have more insight and knowledge than others' in your interview panel to get a job. The university has nothing to do with that. I hope you can understand.
Without a degree, you can get a job - but you'll eventually reach a glass cieling. You'll see your co-workers get promoted while you wound up stuck in the same position.
Different tuition for different majors could be a dangerous proposition. It could keep students from picking up hard majors due to risk of default. Also most freshman dont know what they want to become when they first enroll, which is what I believe college is there to foster. I agree that tuition system needs review, but its an dangerous game to play because it could negatively affect the job market.
Something to consider, do colleges actually know the potential earnings of jobs, if they do, will those jobs be available (lawyers)? What would make someone choose a degree with a higher tuition if rhere aren't gauranteed jobs in the field? Would a B.A. in food service be better than a B.A. in law? If so, what constitutes "better?" The questions are endless when trying to assign values to a broken system.
And let's not forget the problem of ''degree inflation''... Every single degree issued is worth less than the previous ones, and people recieving them are less qualified in general. It's in fact also important to note that the degree count of a university is somehow a matter of its prestige, so it's more likely they would rather promote an incompetent student instead of loosing a place in the ranking. Of course universities still are places of culture where most of the non- private industry- based, intellectual developement happens, and not all of them(i'm talking about the the most prestious ones, with safe places) are subject to the problem. So it's not entirely a matter of course divide but also institute divide. The best solution would be reducing the need for universities to care about the most practical and not- innovative matters. (ex. a division in engineering- one for qualified civil construction workers with a professional course outside of the university and an advanced study on technologies with an aim on innovation and developement held by universities. this would probably reduce the stress on the universities in a big way). It would reduce the number of proper ''universities'' and provide half- qualfied people with the title they deserve. All in benefit of our societies.
I once heard of an American student who decided to study in Germany instead of pay for in-state tuition state-side. After 4 years of living and studying in Germany she spent several thousand dollars less than she would have state-side for the same degree.
graduated college with a advanced diploma in mech engineering no debt, thankfully from my parents, worked a bit saved some money, went to university for 1 year ended up dropping out due to depression and now im debt for about 10k and struggling to hold down a job cause my depression
If the allowance is something student don't have to pay back, then it's ok. That's why, whenever government give funds that we will have to pay back as loan, i have to think twice, or i just never go to university. I choose to earn money by part time or doing odd jobs things, then i can pay university no matter how much the value keep rising. Or i just be friends with university students so they can share what did they learn and where i have to buy some books or they can just lend me books. I need education to make myself better financially and better life.
I have a bachelors andasyers degree and I can honestly say the opportunities I've had in my career would never have come about if not for my investment in my education. Sure you can learn about many things for free online, but it won't open any doors and it won't allow you to meet anyone who can't open even more doors for you.
I'm waiting for Universities and Colleges to be free of cost. I would go to college for the rest of my life, just to learn. As of now, Im hella glad I didn't go to USC right out of high school. I'm educated by books not by a flawed system. No Debt...
Some majors are overpriced relative to future incomes but on the flipside some may be underpriced - meaning get into computer science quick before anyone enacts a scaled pricing system!
Is there a spread sheet to show if I paid blank for this month and blank for this month on how long it will take and how much I'm just paying interest rates on?
😒 Yea, I went the blue collar route and became a commercial aircraft mechanic. Best decision I ever made in my life. Debt free, entirely independent and job security.The job market is over saturated with troglodytes with useless academic pedigrees and no work experience... I have an insatiable thirst for knowledge and at the risk of sounding like a hypocrite I find myself enrolling for an engineering program at my local university, but it was after I became established not before...seems to be the way of the world these days smh 😧 at the ripe old age of 27 I find it sad how much of my generations has been lost to the inability to formulate an original thought or critically think.
Hey start paying them I was forced to drop out in 2013 and couldnt find a good job and now even in 2018 I am struggling trying to find a real well paying job. I no longer get a tax return life is rough please please get a job or they will ruin your life you wont go an hour without your phone ringing
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Noam Chomsky: "Students who acquire large debts putting themselves through school are unlikely to think about changing society. When you trap people in a system of debt they can't afford the time to think. Tuition fee increases are a disciplinary technique, and, by the time students graduate, they are not only loaded with debt, but have also internalized the “disciplinarian culture.” This makes them efficient components of the consumer economy."
exactly....from the day you start your education it is all about discipline and conforming!!!
I just now realize how amazing my teachers are. They actually teach you about the problems in this world and let you think of a solution.
That's the only way to teach. :)
brilliant quote. saved, thanks.
more leftist bullshit.
The biggest problem is the financial aid system. With more financial aid, schools can charge more, and then, students need more financial aid which makes the schools want to charge yet more again.
exactly. Wow you have 1m subs
Just what video said - it is business.
The problem is Congress failing to increase the Pell Grant award to meet the rising costs of attendance.
The problem is not the financial aid system. I believe that the problem is the lack of regulation over the tuition fees, since education is not a business is a public good.
absolutely, the tuition goes up like every semester and financial aid lowers each year. even if the financial aid stayed steady it still won't cover the tuition. back in the days financial aid not only cover tuition but you also get book credit but now you have to pay out of pocket.
The more i learn about college the less i feel like i can handle it
college itself is easy. It's the money involved that's stressful. This TED talk hits hard cause I'm still paying off those loans.
+You Tubed how much you owe? u have like 40k
i feel with you
Julius Caesar
Fortunately it's not as high as that or others I know but it's a significant amount.
+Zenn Exile You are very right. Jobs are only achieved through connection lol
If only people cared about this as much as they do for sports
@davidjohnjr true
I learned a lot more on youtube than I did in college, TH-cam is free college is not.
This!!!
Can I put youtube on my resume?
Lorna Broom you can put what you learned on your resume plus if you have a portfolio it's even better.
@Lorna Broom
No, but you can present your work. You can make your own website/portfolio. If you want to be for example: designer, web developer, programmer, game dev, software engineer or something like that, you can easily present your work. Of course it's not possible to do it this way for all jobs, but for most of the "modern/new" jobs you can.
There are guys who made open source projects and shared them on github and if they will be looking for a job, they can show exactly that, which shows/proves that you actually know what you are doing and that you are passionate about it etc.
Lorna Broom I learned wordpress on youtube and now I can be the freelance web developer I always wanted to be, and it was free and it didn't take me a whole year only a few days.
Now I am learning how to restore my 1967 mustang using TH-cam videos.
I attended a public university in the mid 1980s. My first two years of school, the tuition + books were covered 100% by my PELL grant. In fact, I always got a refund check for the over payment of the difference - free money! In 1984, Ronald Reagan's education budget cuts eliminated my PELL grants, but I was able to get a College Work-Study grant with which I worked three hours every afternoon Monday - Friday in the university library. That College Work Study job completely paid my tuition and books for my remaining two years in school. I graduated in 1986 with my BA with zero debt. Damn, how times have changed for the worse.
Just like the mortgage crisis. The government decided to subsidize college costs. Once they started making it easy to take on massive amounts of debt as a student guess what happened? Tuition rates started jumping 15% a year for the past 2 decades.
fucken motherfuckers man.
Well isn't it more efficient to have more kids getting degrees in college, so that there can be more productive workers in society?
iChase oh hey chase
Mitchem Callahan clearly it's not efficient or everyone would have jobs to paying enough to offset the loans...
mark k not when there are no jobs to fill. I took pit student loans and didnt graduate I am now no longer getting a tax return until I pay off my ever growing interest so basically I no longer have a tax return.
It turns out that the entire point of a loan is to make profit. Otherwise what is the point of loaning someone money if there is no incentive?
yeah but when a majority of people are crippled by having debt on their shoulders then it's a problem
a friend of mine got a loan for medical years ago and he never paid it back. sure, they dinged his credit, but being a pediatrician, he bought a house with cash anyway...lol
+Zenn Exile
You must have a circus inside your brain, because that rant you made is filled wild acrobatic stunts and trapeze acts.
"Financial institutions were never meant to make a profit." Excuse me, but you don't have the fainest clue what financial institutions are "meant" to do. What they do, is frankly, not even your business. If they want to run for maximum profit or at a loss, that's their decision. You don't decide for them what they should do, anymore than they tell you how to live your life. You talk about the rapid deregulation of the financial industry, yet the financial industry is one of the most heavily-regulated industries in the country and has been for quite a while. We got the FDIC, the NCUA, the Federal Reserve board and much more.
You throw around the word 'free market' like its some living thing or monster. No other system has enabled more people to lift themselves out of poverty than the free market. The chorus of history is quite clear on this.
the government loans were not suppose to be profitable, but we all know now that wasn't true...now private loans we all knew up front...lol
What is the point of loaning someone money if there is no [monetary] incentive?
Watching the person you helped succeed.
I like the idea of tuition being based on expected earnings with a given degree, but I also think that self-teaching should be an option. People should be able to learn the material for a class, take the final exam for a cheap price, and get college credit if they pass.
Education and healthcare are two very important things, and in the US so many people are in debt over these things or don't get them at all.
That works for simplistic degrees such as literature or psychology, but will never be the case for degrees requiring hands-on work such as engineering or nursing.
80% professions need no degrees. Tenured professors are exploiting their customers/students
This isn't on the professors. Most are there doing research and teaching a few classes on the side. The problem is a combination of administration and, at least for public institutions, the limitations put forth by state legislatures and state boards of higher education. We professors don't benefit any more from the current system than from the way it was run in the past. In many ways it puts more strain on us as well.
There was a Cuban dude on youtube, who commented and scoffed at a point I was making: Cuban students can get a masters or doctorate degree -- all paid for by their government (because they actually invest in their people). The state has a very high-level of medical education. He finally admitted the western/American system wasn't perfect. And it isn't. He emigrated from Cuba, and is now in the U.S. He simply jumped from what he thought was the frying pan, and hopped into the fire.
Western countries no longer have to invest in their people -- because they simply cherry-pick and immigrate any kind of workers they want -- STEM workers, low-wage low-education, nurses, etc., like they are picking and choosing them off a restaurant menu. That's the new economy. It's ugly. It treats workers like disposable garbage. It destroys communities. It's focused on profit over ethics. It sees only borderless markets and quashes nations.
Until our economy changes, nothing else will be changing either.
Sadly, it sounds like the best solution is to get educated overseas instead
Nooooo... Really??
Americas education program is terrible I hope someone fixes it
it won't. America was built off of robbery and thievery.
+Tamara Humphrey And slavery
+TheSliderBy Being a 12 year old who hopes to go to college sometime in the near future, I'm not very excited to go to college
+Beboabracadabra 234 The good news is that everything there is to know and learn about in the internet age does not require stepping foot on a college campus. Knowing that, every young mind should make it their goal to find what they like to do (not what other people tell them they should do), study it hard on their own, master it, and find a way to apply it to the world.
Dont choose a stupid fucking major.. problem solved.
This is so depressing because my parents made this mistake and then kept telling me to take out student loans. I had to lie and say I couldn't take out more after $42,000 because it was making me sick. I was young and didn't realize how serious this was. of course I was loaning them money... dont know how I could have been so stupid. I bought thrift store clothes and wouldn't buy a car. I had 2 jobs and walked alot....
looking back I think I could have gotten a surgery tech job with a certificate, been debt free, and just enjoy life.
"because they bought a defective product" This is exactly how I retrospectively measure my college education, and I suspect most that have fallen to dilemma feel the same. It's not what I signed up for. Product and consumer were not discussed with my parents, or my high school counselor a decade ago. I signed up to build a life, but ended up buying one.
I knew this when I was 14. Honestly, this is why technical school and public school are the only real options.
I like this guy. He's on our side.
and here's why ive been worrying about tuition since the 7th grade
university is so expensive thats why im going to community college first
That's what I did. And then eventually online college for the bachelor's. The bachelor's cost me 9 grand, or 3 grand per 6 month period. No debt.
you're moma didn't raise no fool I see
what did you major in? unfortunately the types of programs I'm interested in seem like they would require physical presence in the classroom or field. But online courses would be invariably useful. I will look into it. thanks
Bob Saget
I went to WGU for a bachelor of science in IT with an emphasis on software (poor man's computer science degree) while working at a help desk that didn't require experience. Still took over a year from graduation to move on to network engineer. The position I have now required certifications that happened to be included in WGU programs. There is a gap though, between what I had to do for school and my actual duties at work (school was tougher). But I'm not complaining.
***** thank you for your story and yes connections are very important hopefully i get in to my dream uni and start my career! :-)
Absolutely true. Going to college feels like some kinda military training where ur "trained" and not educated, to combat the corporate life.
Nobody talks about new stuffs or new ideas.
In Poland higer education is free but not everybody can go. People with worse score have to pay. I think it is a fair solution cause not only the rich can go but also talented kids from poor or not so wealthy families. It supports talent and dedication instead of $$$. That's why in Poland we have a huge amount of good engineers and scientists.
Exactly..there is no free lunch..Economic law.
Make sure you choose a social justice course, that way you not only don't ever pay your loans back. But you also become actively unattractive to employers
Yeah. Universities need to pay people to go to these classes.
I'm sorry I don't seem to understand, could you explain this to me?
***** Sure, people whom do social justice courses such as "women's studies", "gender studies" and "masculinity studies" don't earn enough money to pay their loan back fully. Those courses also actively make employers more unlikely to hire you than if you had no degree at all.
Randomstuffs261 Why though?
because they're some of the whiniest and most self entitled people with no useful value to add to the society.
One of the biggest scams with higher education is that online education is actually the same cost as the brick and mortar programs.
It all depends on your major, you shouldn’t go to college unless your entry salary can’t cover your entire tuition cost
When will it change? How much longer can costs increase? How will the really expensive schools be able to adjust to the lower revenue and budgets? I feel like the only way is for the system to crash and start over.
It won't change, education is so powerful in levelling the playing field when it comes to escaping generations of poverty, that people will do anything for it, even if it negates the benefits.
Something truly has to be done about the cost of education. I have said and will continue to say education should be free in America. We pay taxes for everything else. The American dream is dead, especially as it relates to education. I'm just now making what I should have made 5yrs ago. Yes, I have a Master's degree, but the salaries most companies offer is laughable to say the least. People complain about the military, but if I joined as planned today I would be student loan debt free.
I will be one of those engineering students that graduates with a large debt. :(
😞
I study it, but it's is almost free in the netherlands :P i would take 2 months to pay back my debt..
Any stem field is going to hand you a huge debt along with your diploma.
dont pay it back...take a hit on your credit...should only last 7 yrs right?
No, college debt does not go away and there is a long list of actions that they can take to make sure you pay the money back. The most frequently used method is to garnish your wages.
Finally great talk. This doesn't only relate to USA, but to a lot of Education system across the globe.
He makes a good point about the consumer/student not having a way to gauge the return on investment.. he says this is why tuition costs are skyrocketing out of control. Look at the parallel with healthcare.
Both areas where the government is heavily involved!
What a great way to frame the issue of the value and costs of higher education as opposed to simply pointing out the symptoms. I'm lucky enough to have gone to college at a time when a near-full time job paid enough to pay for my tuition and living expenses and therefore graduated with minimal debt. My how things have changed.
Great video and tips on College Debt, I'm very proud to be a college graduate but it's crazy that college tuition increases every year. College should be a great experience for all. I take responsibility for my debt and I will never regret going to college. One of the best decision that I have ever made and the beginning of my self education. Don't be scared to go but do your research kids.
I go to a Community College and my first year my Pell Grants paid for the first year. I go back in the Fall and they gave me a $1000 tuition scholarship because my G.P.A was good. So far, schools been free for me
@Black Spiderman how's going now? because I did the same thing by going to community college which I went for almost fees only few times where I have to pay for textbooks but now I am at university I was suppose to finish within 2 years but the requirements of the university made it hard to do that. and my grants aren't really covering my cost. I also got a scholarship but the rising tuition just keep making hard to pay for it
Black Spiderman My degree was also near free. I started at Community- then continued, to University. In the 90's this cost me 5,000 USD. in total. Some here ...use a student loan, to live large. My friends, and I starved...and worked.
Had to drop college to take care of my dad who had Alzheimer's and my mom who had cancer now that they both past away I cant go back because of my withdrawals and I'm stuck with over 30 thousand in loans and no excuses.
I am so sorry for you loss, this must be suck. I hope you will doing better now.
America, you are free to pay us money for your contribution to the future. " *Land of the free* "
TheJaseku *Land of the Fees
Here's how I feel about the whole issue about college and debt because I feel that a lot of people my age (21-28) feel everything is unfair. A lot of people go to the most expensive colleges and get poor grades and don't apply themselves to their majors and on top of that choose majors that make very little money. For example you don't need to go to USC and pay 50k a year to get a communications degree. I'm not sure what people are expecting. It's not about where you go it's about what you do at school, I know kids that went to not so prestigious schools that were affordable and they are working for some of the top firms and company's in the country. Yes, UC Berkeley will get you more interviews but people will notice that you're smart regardless of what school you go to. Using me as an example, I had choices of schools to go to but I chose the one that was the most economical and had the best engineering program. Yes o had to work and a study at the same time, but it meant that I wouldn't be astronomically buried in debt. I graduated in summer 2015 got a job in my field shortly after and payed off all my loans by spring 2016. I get that school is expensive but no one is forcing anyone to go to the most expensive schools, choose majors that they are not interested in, make the least amount of money, and have a difficult job market.
Here is one great solution..require all universities to guarantee the student a job in their profession within a year after graduating otherwise provide more schooling for free or a full refund..This will hold the higher learning institutions accountable and in check.
No one is responsible for you
MrBeast1901 they are responsible if the person is paying for a service that they don’t receive. It’s called accountability. That is looking out for yourself
He speaks well and straightforward. Id love to have him as a professor
Govt is the only one who can resolve this problem.
Not only loans, but universities charge ridiculous rates and tuition prices because they justify 5 digit cost for semester because its 'optional,' without taking into account that our society/employment pretty much looks down on people without diplomas and didn't go to college.
I constantly tell people who are thinking about going to college, "Don't go to college unless you know exactly what you want to do after it. If you don't need that degree to do that job, don't go to college." I have a friend who dropped out of college because he already had a job that pays him nicely and allows him to live a pretty comfortable life, and there's nothing he wants to do that requires him to go to college.
In Sweden, higher education is completely free.
Sweden is amazing!!! I wish I could visit this country soon.
And you pay 25% Value Added Tax on nearly everything you buy.
Not so fun to live in Sweden, I do. You essentially work completely free for the state until August.
Nothing of value is free.
Well worth it considering the benefits received... Maybe you may not feel that way, but if you want to live in a society where your worries are taken care of and you can think of bigger things, Sweden is a nice place.
By the thumbnail I thought this was snoop dogg explaining why college was a scam 😂😂
Salaam (Peace)! This video was one of the best Ted Talks I've seen, mainly because of the subject matter. Debt enslaves the borrower to the lender... And most students, inclusive of myself, spend a lot of time and of course money trying to free ourselves. May the Creator provide us all the means, the opportunity, and the courage to pay our debts off, and take preventative measures to assure avoidance of such circumstances for ourselves, our families and our loved ones. Ameen. #debtfreeisthegoal
Thank You so much for this important and needed information ... Yes, our education system has become a system driven by greed and it exploits many in a manner that is heartless and cold ... May we begin to stand up to this system and make the required changes ... Love & Peace to All
I’m in college again now at age 51 and this video is a required viewing for our class. Funny how I already knew this and am applying his knowledge to my own tuition. At least at my age I already know what I’m getting into.
making student loans dischargeable in bankruptcy again would incentivize lenders to only lend to students that had prospects of graduating and graduating in a degree that would generate the income to pay back the debt. That is the fundamental problem with higher education today is that there is an unlimited amount of money because there is virtually no risk for the lenders so they don't have to do any due diligence and all of the Surplus money has driven up the costs for the laws of supply and demand. We can thank the clintons for that for doing this at the behest of Goldman Sachs in the 90s
USA is better in many aspects than other countries but sometimes I'm glad that I'm Russian. University education is free here.
We pay a fraction of your taxes and we don't even know what a VAT is.
right... problem is that you go and work for pennies after your supposedly 'high education'.
Yeah, there are MANY great things about living in the U.S., but plenty of downsides as well. Here they spend all of your school years pushing it on you to believe the U.S. is #1 at everything, then you grow up and get out into the world and realize you've been lied to. It's pretty awful.
Education in America is slowly becoming a business. Capitalism at it's worst.
Marret W. Hosalser You mean Chrony Capitalism.
My great uncle went to college, then to law school. He worked a part time job while he went to school. With that part time job, he was able to afford his tuition, his books, his housing, food, a car, gas, and everything else he needed. He graduated with $300 left to pay on his car and had that paid off within a month of graduating. That was back in the 1960s. He never even thought about getting a student loan.
And he never had to take any social justice or diversity classes. He took classes that actually pertained to his chosen major.
This is exactly what's been going through my mind right now when thinking about transferring to university since I have psychology and philosophy A.A. degrees I'm worried about majoring in what I love because I will be taking on so much debt and thinking about where my future will be after obtaining debt.
Occupation: Postdoctoral Fellow in Cancer Research
Salary: $47,800 per year
May 2016 Balance: $51,000
October 2019 Balance: $9,720
Earliest Zero Balance Date: July 1, 2020
Very thankful for my GI Bill i'm using now. The daunting cost of school is what lead me to chose to join up.
Can confirm. Graduated 5 years ago. Still paying off my loans.
Sooooo who wants to help me get started on this app lol, I wish more millennials would stop getting comfortable in uncomfortable situations and actually take a stand. I understand that we are young but we can make a change happen if we unite... Professor Sanjay is truly on to something.
Great speech! Finally someone called the way it is. Not a very popular subject specially for corporate America.
PLEASE CONSIDER COMMUNITY COLLEGES AND TRADE SCHOOLS!
Very good speaker, simple and straight to the point while giving insight. A+
I would like to hear Sajay speak more on the idea that high school graduates pay the ultimate cost. I feel it's a type of inflation effecting almost every level of work. Construction is my trade and the regulators love to come up with new licenses and categories and I suspect it devalues the old licenses and gives more power to the large corporations. If you have a very specialized degree or trade license you have a limited "usefulness" in the work place. This gives the leverage to the large corporations or regulating bodies. With leverage comes money. The people who make it all happen end up taking the hit. Thoughts? THanks for the talk Sajay, I have 5 young ones and their future is on my mind.
"College" is big business. If you don't understand that or the terms of a loan you are not college material. And NO, I am not interested in paying for YOUR Liberal Arts degree after paying as I went to gain marketable skills.
1Skeptik1 thank you. was searching for this comment.
There are many low cost public options for a college education. Instead people choose to borrow money to pay for a college they can't afford.
BIG HORN MGTOW I tell my kids and everyone else who will listen. Schools should be teaching kids these things too in whatever financial literacy courses they offer. Don't borrow money without understanding the consequences.
thank you for this comment. spot on.
Almost 50% of recent graduates are employed in professions that don't need college degrees, See www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?sd=10%2F9%2F2014&id=pr846&ed=10%2F9%2F2099. Why are we surprised that tuition is rising by at least 10% per year by the money hogging colleges. Oversupply results in overcharging. Politicians loves saying education matters, 50% of the college grads disagree. Europe and other countries' free tuition also works the same way, it just that instead of students paying for overcharging, tax payers overpay instead.
Like the talk, but hate the comments.
Potatoes gonna potate.
SMOKE WEEK EVERY DAY
A groundbreaking and informative talk. Well done !
Education should be affordable...full stop. In Italy in public universities you'll pay between 1.000 to 2.000 euro at year. This amount can be payed easily by the parents or the students with a small part time job.
I go to college just so the professors play TH-cam videos to teach me, and my classmates, but of course I won’t be able to find a decent job if I don’t have the Diploma that certifies that I’ve been watching TH-cam for four years.
Lol this is awesome
If only I had watched things like this before entering into crippling college debt that will be nearly impossible to pay off unless I get a MASSIVE pay raise (I'm in the medical field, it isn't what it is touted to be unless you are a doctor.)
Income based tuition would further income inequality nationwide by keeping high paying majors out of the reach of the less privileged. In theory it makes sense, in practice it destroys the American dream that it would be meant to protect
Any way you cut the slice, student loans are a rip-off. There are certain limited circumstances where it could be a good deal. For example, you're studying for a high salary earning degree and you just need to borrow 1K to pay for books to finish one semester. But if you depend 100% on student loans that means one thing: you cannot afford college, so accept the fact that college is NOT for you. End of story. Rough, yeah; but true. Of course, that's not how it should be, but that's how it is. Fight to change the system but don't be a willing victim to it. Protect yourself. Debt ruins lives beyond the power that any career has to save you. Interpret this situation accurately - "America" hates you if you're poor and loans are your only hope for college, in essence. Allow the pain to forge you into a stronger, tougher, more cunning individual and find another path in life. "You could be a meat eater, kid, and I mean people not their garbage." - A#1 (Lee Marvin), Emperor of the North.
This is the definition of an economic malincentive. Let's say some people can only afford a Canadian Studies degree. Well, suddenly a ton of people are getting Canadian studies degrees and you only have three jobs in all of Canada for such people.
This hits home, 100k in student loan debt and making $12 an hour. I simply don't pay.
@MACx2363 they can only take up to 15%
😂 wtf did you major in?
Following the laws of supply and demand, the increase in tuition fees is linked to the increase in population and lack of new higher education providers. You have two options:
1. Lower the demand by lowering the population.
2. Increase the number of colleges to satisfy the demand.
In Saudi Arabia the college students get salaries,
the education is free,
there is no taxes.
In Saudi Arabia, thieves lose a hand to a machete if they steal and women cannot show their faces in public.
Without oil you'all will be living in tents
+Theodoяe Kяap
We don't shy away from our history
"The worst of times can be the best of times, because certain truths flash up in ways that you can't ignore".
My friends, this is spot on. The housing crisis was first, the student loan crisis is next. If too big to fail Wall Street can get a bailout, what about the 50 million Americans laden in student loan debt, and over 10 million of them in default. Where is the line drawn here? Does this country not see why the economic conditions are sour? Housing market remains down because Millennials cannot afford it. Some are paying a mortgage in student loan debt! We are doomed!
If only we can put a human face on capitalism like the Australians do with their Student Loan programs, we could have a much better America!
The thing is most jobs don't require a degree. Getting a degree doesn't guarantee a good or stable job.
In the developed world there is a growing need to service the senior care market. There is virtually no end to the work, it is stable but it is also low paid. The kind of jobs helping seniors are cleaning, cooking, helping them shop, helping them sort out the garden, looking after them, keeping them company etc. (Education confers a status symbol and its marketers look down on most types of menial work. But the market doesn't.)
The way to make even more money from it is to run an agency to send multiple senior helpers to serve more of the market. Scale it up.
Move in the direction of the market and you'll get rich and make more opportunities for yourself and your family.
I've made many stupid decisions in my life. But going into debt to attend college wasn't one of them!
I certainly hope somebody does as he suggested and develops an app which gives you an idea of the "best product" to buy college wise.
PragerU has a good piece on this, comparing the housing bubble to the student loan bubble.
I graduated from a #1 school, highest median starting salary from a public institution.
Highest 20 year ROI, highest % of students rising from the bottom 20% to the top 20%
of the economic ladder.
Soul crushing, psychological damaging, 5 years with mandatory summer sessions.
My first job out of college paid $130K( $100K salary+ $30K bonus) in 2019 dollars
as an engineer in the oil business and it still pays that today.
The $1500/year tuition and fees were paid by a benefactor, who graduated 30 years earlier.
Only Engineering degrees offered, all students take the same classes for first 3 years.
At freshman orientation, " look at the person on either side of you, they won't be here for graduation"
I am retired now, throughout my career, I have gotten jobs by tapping my school ring on the interview table
and asking ?Do you know where I graduated from?
I never tell anyone what I make, people on the job for 10 years get less ( It is a terminatable offence )
I tell my employer that, I am the sharpest crayon in the big box, 96 with the built-in sharpener.
What I found out was that State schools get funding based on graduation rates.
there is no 2/3 cull and a 1400 SAT not required, JUST MONEY.
We let the 80 IQ village idiot go to college borrow $120K, 33% of which is " living expenses)
Drinking, partying, f-ing, then no degree and default.
Reflexive process.
Tuitions follow the basic law of supply and demand. To counter this issue, people need to realize not everyone needs to attend universities. Another root of the problem has been government interference by providing countless millions of students with grants and loans which results in price inflation.
Moral: Do not go to college if you do not need to, there are alternatives such as trade schools, internships, and entry level positions where one can get relevant knowledge, skills, and experience in ones respective field. If you do attend college, a degree in therapeutic dance probably will not help pay off student loans.
great talk.
This is why I dropped out I saw the numbers in my second semester and couldn't put myself that far in debt. You aren't guaranteed a job. In a way it's like gambling. Placing a giant bet on your future.
Great speech, anyone else notice he looks kinda like Snoop Dogg?
I am going to teach my future children to create their own jobs instead of going to college and getting a job after they graduate.I certainly don't want them to be in the same situation as I am now. It's ridiculous. I am not saying I wasted my time in college, I learned a lot. I am currently working on my masters, and I had to pull out some more loans. Hopefully it will be the last time I ever do that!
Great, now we've even out-sourced our friggin' TED Talks!
When you go to college or university you are paying to gain knowledge, to gain wisdom, to become more educated. You are not paying for a potential job that you may get after graduating. That is not what educational institutions are responsible for. They're only responsible for educating you, nothing else. You need to have more insight and knowledge than others' in your interview panel to get a job. The university has nothing to do with that. I hope you can understand.
15% a slave
You can learn online more than you learn in college for 90 percent cheaper
Without a degree, you can get a job - but you'll eventually reach a glass cieling. You'll see your co-workers get promoted while you wound up stuck in the same position.
Different tuition for different majors could be a dangerous proposition. It could keep students from picking up hard majors due to risk of default. Also most freshman dont know what they want to become when they first enroll, which is what I believe college is there to foster. I agree that tuition system needs review, but its an dangerous game to play because it could negatively affect the job market.
Something to consider, do colleges actually know the potential earnings of jobs, if they do, will those jobs be available (lawyers)? What would make someone choose a degree with a higher tuition if rhere aren't gauranteed jobs in the field? Would a B.A. in food service be better than a B.A. in law? If so, what constitutes "better?" The questions are endless when trying to assign values to a broken system.
And let's not forget the problem of ''degree inflation''... Every single degree issued is worth less than the previous ones, and people recieving them are less qualified in general. It's in fact also important to note that the degree count of a university is somehow a matter of its prestige, so it's more likely they would rather promote an incompetent student instead of loosing a place in the ranking. Of course universities still are places of culture where most of the non- private industry- based, intellectual developement happens, and not all of them(i'm talking about the the most prestious ones, with safe places) are subject to the problem. So it's not entirely a matter of course divide but also institute divide. The best solution would be reducing the need for universities to care about the most practical and not- innovative matters. (ex. a division in engineering- one for qualified civil construction workers with a professional course outside of the university and an advanced study on technologies with an aim on innovation and developement held by universities. this would probably reduce the stress on the universities in a big way). It would reduce the number of proper ''universities'' and provide half- qualfied people with the title they deserve. All in benefit of our societies.
I once heard of an American student who decided to study in Germany instead of pay for in-state tuition state-side. After 4 years of living and studying in Germany she spent several thousand dollars less than she would have state-side for the same degree.
thank goodness I live in the UK and our debt gets integrated into tax.
This video seems very hyperbolic and only attacks the issue from one side. But it is a good point to make that there is an issue.
graduated college with a advanced diploma in mech engineering no debt, thankfully from my parents, worked a bit saved some money, went to university for 1 year ended up dropping out due to depression and now im debt for about 10k and struggling to hold down a job cause my depression
If the allowance is something student don't have to pay back, then it's ok. That's why, whenever government give funds that we will have to pay back as loan, i have to think twice, or i just never go to university. I choose to earn money by part time or doing odd jobs things, then i can pay university no matter how much the value keep rising.
Or i just be friends with university students so they can share what did they learn and where i have to buy some books or they can just lend me books. I need education to make myself better financially and better life.
I have a bachelors andasyers degree and I can honestly say the opportunities I've had in my career would never have come about if not for my investment in my education. Sure you can learn about many things for free online, but it won't open any doors and it won't allow you to meet anyone who can't open even more doors for you.
I'm waiting for Universities and Colleges to be free of cost. I would go to college for the rest of my life, just to learn.
As of now, Im hella glad I didn't go to USC right out of high school. I'm educated by books not by a flawed system. No Debt...
Some majors are overpriced relative to future incomes but on the flipside some may be underpriced - meaning get into computer science quick before anyone enacts a scaled pricing system!
Is there a spread sheet to show if I paid blank for this month and blank for this month on how long it will take and how much I'm just paying interest rates on?
😒 Yea, I went the blue collar route and became a commercial aircraft mechanic. Best decision I ever made in my life. Debt free, entirely independent and job security.The job market is over saturated with troglodytes with useless academic pedigrees and no work experience... I have an insatiable thirst for knowledge and at the risk of sounding like a hypocrite I find myself enrolling for an engineering program at my local university, but it was after I became established not before...seems to be the way of the world these days smh 😧 at the ripe old age of 27 I find it sad how much of my generations has been lost to the inability to formulate an original thought or critically think.
I didn't even finish my degree and still have a few thousand dollars of debt smh so stupid
same lmao. All I did was a 2 year program at a COMMUNITY COLLEGE and I am still 7k in debt. No degree either
Hey start paying them I was forced to drop out in 2013 and couldnt find a good job and now even in 2018 I am struggling trying to find a real well paying job. I no longer get a tax return life is rough please please get a job or they will ruin your life you wont go an hour without your phone ringing
Did you request a loan or financial aids?