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- เผยแพร่เมื่อ 29 มี.ค. 2024
- The price of college just surpassed $90,000 per year at several prestigious universities. CNN's Michael Smerconish speaks to Princeton Professor Frederick Wherry about the effects steep tuitions have on the middle class. #CNN #News
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The middle class is disappearing period!!!! With or without college debt the middle class is being crushed.
So ?
Thanks to Democrats …. That’s their plan, creat a two class system, the elite and poor
bidenomics 💙
By design, the elite want worker bees living in slums while they globe trot on private jets telling us all to be happy and don't burn logs 😅
Joe Biden’s inflation has destroyed our nation.
90K per YEAR? ..lel. HAve a look at the european education system at university level. But the real question is who gets this money? Its not a college cost. Its a college industry that benefits from the high costs.
Subsidize loans are to blame everyone gets a yes , so everyone gets accept they raise the price
I live in New Zealand and our nation is packed with young European backpackers, mostly from Germany but other nations too, and very few Americans, the primary reason for that is Europeans don’t pay for university education, and most European youth are raised on generational wealth so don’t have any debts, and are encouraged to travel before settling down
@@ytzpilot Jep thats true. Most parents can support their kids during universtiy. And since university doesnt cost anything they can use that money for other things.
I think that's total cost, not per year
@@Kurushimi1729nope! We're doing it NOW. It's per year!
this is why I went to University in Germany 😂 paying 200-800€ per semester.
Colleges need to stop getting Government taxpayers breaks and subsudies! Plus start paying their fair share in all Taxes......
AGREED!
but then where can you find promising Bros to tap in the shoulder, oh Free and Accepted??
Tax Harvard?!?
Don't let Duke of Kent know!
you'll be out on yer mason butt, bruh!
Many will never even make 90,000 a year.
A plumber will very likely make that amount of money.
They can, but the problem is.... student loan debt would probably be higher than $90K if they have a graduate degree.
@@t.r.campbell6585okay....so let's say 25 million decide to be plumbers....what happens...jackass...know nothing about how shit works
@@t.r.campbell6585 Nope. On average, plumbers are paid about $60K.
If they're starting a 40-year career, they might reach $90,000 with inflation.
College has been a racket for the last 40 years. No one attending college should have to be forced to pay for filler courses, and electives that have to do with their major, to fill a credit requirement for graduation. If someone wants to study a particular field of interest? Then their course curriculum should be revolved around nothing but courses that pertain to their desired area of study.
100%.
Trade schools are a great alternative for those that chose a field they offer.
Unfortetnely Trade schools do not cover all positions so some degrees will still require taking 2 years of underwater basket weaving and 2 years of ballet to pass.
@@elmosweed4985 And 4 more years of western civilization. An aspiring doctor isn't well equipped for medical school w/o that.
In my experience the curriculum isn’t 100% focused on the area of study until you get to the Masters Degree.
Only 15 out of 120 credits was focused on my area of study during undergrad. 🤦🏾♂️
You really don't know how degree programs work.
STOP going to the ridiculously expensive colleges. Nobody is forcing anyone to go to these.
The normal colleges are expensive too, and let’s be honest these colleges have the best opportunities for certain fields. They purposely making it expensive so only rich nepos will be able to afford to go.
No, you’re right. Everyone should just be happy with their fast food job so the people who already own everything don’t feel crowded.
@@chrisg9840 you can get a trade, a two year degree, get experience work you're way up, start own business. So, many other ways to make money.
@@Anne_one It’s a choice. Nobody is forcing anyone to go to them. But if they can keep finding enough dumb people to pay their price then it’s going to remain high. And there are many colleges that are affordable.
@@chrisg9840 If you were a real man you could join the military like I did and have them pay for it. But I guess some are just light in the loafers.
Imagine paying $90,000 to attend Boston University or Tufts....what an absolute racket.
I attended UC Berkeley for four years in the early 90's. Cost per year: approx $9,000, paid mostly with work/study funds. That was back in the day when anyone with good grades and the inclination could attend Cal.
I have degrees from Boston College (just under $90k) and Boston University. Total cost: $2,500. $1k loan, $1k from my mother, $500 from a part-time job. Everything else was paid for by employers via tuition reimbursement. Our kids went to State U with no debt. These expensive schools make the headlines but the heavy lifting is from State U and community colleges.
McD use to do that back in the day. but you found out that you didnt make enough to send you kids.
@@diegojines-us9pc Companies still do today. Starbucks and Chipotle offer it. School districts typically offer it to teachers. Our son got his masters paid for by his employer (a hospital). So it is still around.
seems the no ebt still have some details you left out. like how long he has to work before the job pays off his masters. not as simple as you said now was it. and you didnt say if McD didnt pay for yours. @@movdqa
My thought is - don't send your children to any New England college, there are plenty of quality colleges for less than half $90 thousand.
The entire story is classic Smerkonish faux rightwing populism BS. Schools he mentioned are that expensive partially b/c the portion of the student body that can pay the tuition are partially subsidizing the ones that can't.
say the man who hasn't gone to one. but will be shocked when he sends his kids.
@@diegojines-us9pc not quit, my children both graduated Stanford. I graduated University of Zurich. Nobody had any student loan debt after graduation.
@@davidkamen seems you didn't say how or why you left. did someone have a bank charge against them and they ran with the money?
@@diegojines-us9pc Try writing a coherent sentence with punctuation. Your GED is failing you.
there isnt a middle class anymore...its the rich and people who have whatever they need vs the rest of us...this country sucks so bad...
I was doing fine until Biden got elected.
@@GotoHeredude stop blaming someone else for your own problems!!
I was very concerned I could not send my son to college here in California. Fortunately, as a Veteran with service-connected disabilities, he gets an undergrad education at UC or CSU universities paid-for. If you are a similar veteran here in California, please research to see how this works.
Try Europe, like Portugal, Spain or Estonia.
Such an insane education solution. Another part of this story is the percentage of college graduates actually landing a career associated with their major to justify the cost.
Absolutely Shameful!!! NO COUNTRY IN THE WORLD DOES THIS!!! MOST OF THE DECENT COUNTRIES HAVE FREE COLLEGE EDUCATIONS!!! MAKE THE RICH PAY THEIR FAIR SHARE OF TAXES!!! EASY SOLUTION!!!
Abolish capitalism.
As someone who grew up middle class, financial aide gave offered me $1500 that’s it. He is right we get screwed. No college for me.
Elite colleges don't matter. Work ethic does, and it gets notice.
However, here's the asterisk " it's who you and/or your parents know that truly makes the difference, unless you're truly : that amazing".
In certain fields, yes, it does. In tech, networking is just as important as knowledge. And the network that you get by being at these colleges is a big help. Everyone wants to say "go to a cheaper school", but it's NOT the same education standard. I've been to cheap schools, and expensive private schools, and the expectation, largely due to the fact everyone around you is extremely bright, leads to a richer education. Most of the people in my junior college were not very smart, as anyone gets in, so when they grade on a curve, it''s very easy to pass and get an A. They have to dumb the class down also, instead o pushing you to your limits. There's a reason many people say they don't someone who went to college and they are still dumb. A lot depends on which college they went to.
Funny how they can offer free university education in Europe but not here.
Not really, they willingly gave up their empire to focus on themselves. We decided we wanted to control the world instead. It makes total sense.
That's because we pay for it
@JudyStroyer-bk6fb You don't pay for anything. You just rack up debt. Your grandchildren are who will and is paying for it.
@@JudyStroyer-bk6fb You aren't paying for anything. You're just indebting your grandchildren. Who will have to pay for it.
@@franklin9400 Just as my grandparents indebted me.... Yeah, we should probably stop
Get rid of Biden!!!!!!
The wheels will continue to come off the wagon of American democracy as education continues to become more and more unattainable. .
What middle class?????
Colleges and universities are no longer the gatekeepers of knowledge; knowledge has become free and readily available now that we're living in the information age but employers don't seem to recognize this. The demand for a formal university education is mostly being fueled by employers who demand a degree even for jobs that should not and have not historically required one. The knowledge and experience you acquire while obtaining your degree can also be obtained independently or on-the-job. It's the greed of employers, university administrators, and elected officials that has enabled this crisis to reach such a breaking point.
funny how a 12 year with a app can out perform a college degree worker. anyone catching on to the waste of time and money?
No sympathy for students going to these schools. Other than Yale, no one is going to care about the name of these other universities. If students start doing a cost benefit analysis on their school before attending, they’d stop going to these ridiculously overpriced ones. Ultimately it is a check in the box you are paying for. Practical job related knowledge is almost universally attained while actually working.
Woke institutions create educated idiots
Yale 😂😂😂😂 super woke
That’s literally bs.
Not worth the education
Attending a State school at WI is $20k/yr. I have 2 college students, we make less than 100k /yr. My kids receuved NO AID this next academic year. Now my daughter has to drop out and transfer to the tech school...its heart crushing. We cant come up with the money.
Value those who prioritize you, but treasure those who are consistently there for you through thick and thin.
Stop The Student Loans Scam!
stop sending kids to college. when they are better fitted to be garbage men.
Keep in mind that not long ago only the aristocracy had the time to become literate; the peasants did all the labour remaining illiterate & relatively poor. The wealth pyramid is supported by a foundation of hard work & poverty.
The "wealth pyramid" is still alive and well today unfortunately. The wealthiest 85 people own the same proportion as the planet's poorest 3.5 billion people. The top 1% control 90-95% of the world's wealth.
And in Israel and Ukraine. Higher education is free
... and Germany, The Netherlands, well most of Europe.
It's seriously madness.
Maybe I'm just an elitist, but if someone worked hard though 4-8 years of schooling & managed to keep their GPA above a 3.0... they earned their keep & shouldn't have a ridiculous amount of debt.
Good grades don't pay the universities' revenue...Which is why a credit requirement was designed to force the student to take courses that have no pertinence to their major. They know very well an aspiring medical or legal student has little need of their umpteenth year of western civilization, but it means more money for the school forcing them to take it.
Grades do not "earn" anything.
@@timg1246 They earn you a better job & opportunities than being a sandwich artist @ Subway like you do.
@@sirfartyfartsalot9896 Not entirely so...Look at Joe Biden. You can be an abject moron, academically, finish at the bottom of your class, fail the bar 5 times and still become President.
@sirfartyfartsalot9896 Actually, I do have a degree.
But GPA scores earn nothing. Work does that. He expects GPA scores to qualify you for getting something for free. That is not how it works.
My college at Cal State was $300 a quarter in the early 80s. That's $900 a year. Grad school at National Univercity was $650 a class. It was expensive but doable.
Also, every expensive new building or swimming pool/spa or stadium adds overhead to the fixed costs the school has to endure to make note.
My point here is that fancy, over designed, beautiful architecture and its upkeep drives up the price to run the school. That cost is passed to the poor saps that study there
It's absolutely insane…
My Goodness, I’m from Montreal and the tuitions for our best Universities are about 3500-6000$ a year.
We also can get technical degrees in Cégep (it’s a college we have to attend for 2 years after high school where we can have a general degree in Human Sciences let’s say or we can take a 3 year program for something like nursing or another trade and that costs pretty much nothing.
Honestly, unless you are certain that you will make tons of money after getting your BA, I don’t get why ppl would pay that much, it’s ridiculous
DMD fees for UBC - 1st year $62,525.35 2nd year $61,706.97 3rd year $61,561.97 4th year $61,561.97. Costs depend on faculty & courses of study.
Woke institutions create educated idiots
If only there were some public service or entity that could identify why we've had cuts in social spending in the United States, these cuts that have damaged the vast majority of the population. Maybe if there was some entity that could do some form of investigation, then we could find the root cause of it and then not continue to perpetuate the economic violence against poor and middle-class people...
It's not just elite colleges! Stupid colleges that do not even give you a 4 year degree are over 100,000 for a CERTIFICATE!
F overpriced college degrees, start your own business instead
FJB MAGA 🇺🇲
Yep... and I’m paying and helping my last two kids in college, CHEAT their way through the DEI, CRT drunk curriculum...And only doing so because the worthless degree(as per individual education) is still the playing field for many career/industry hires).
Only 25% of new businesses succeed in the long run.
Woke institutions create educated idiots
It's not that easy.
Starting a business can be more expensive than an undergraduate degree.
Where are you going to college, dude? Current full time annual tuition at the University of Wisconsin-Milwaukee is (rounded up) $8,460.00. Screw those "elite" colleges. Get an education - you don't get a better one at the "elite" colleges, they teach exactly the same classes and hold the same kind of mix of students as any other large metro state college campus does. Don't get suckered into thinking you can't possibly obtain a college degree - and then go on to obtain a Masters Degree, or perhaps apply to a state Law School, etc. YOU CAN AFFORD IT, but you may have to hold a part-time job to pay for it, or draw out of savings or accounts established by relatives and parents to save money (tax deductible, subject to an annual maximum contribution) for college - in Wisconsin it's called EDVEST. I can write off $300 a year contributions per account I have established for a niece and a nephew. Yeah, it won't amount to enough to cover all tuition for 4 years, but every $100 per birthday or Christmas helps for 18 years, and the EDVEST people invest the money and you get a return on it. FIGHT FOR YOUR RIGHTS, BUT WORK HARD FOR THEM TOO.
To the people who run CNN only elite colleges count.
Learn a trade or work in sales.
i just love how he has the book money talks behind him
Universities were funded more by the State but every year it’s less and less.
Interesting. So if someone was to persue a Masters Degree today, We are looking just shy of $600,000?
That is insanity. You can hire an army of consultants, tutors and AI agents and in about in a years time have the same knowledge as the person in school for five more years.
I like the anchor’s style - he never interrupts the person being interviewed, he’s calm and pleasant to watch
Remove all federal funding for all nonSTEM courses. Limit administration to 1970 percentage of enrollment
There should be a limit for going to college, it's getting ridiculous to go to college.
College costs blew up as soon as government got involved. Colleges knew they could increase tuition all they wanted
nah, govt was always involved, ever hear of the GI Bill?
True, and they went on a hiring spree for non-teaching administrators plus personnel to handle all those grants and loans.
BACPA 2005, Joe caused this
Republicans stopped funding schools when Reagan privatize everything for FREEDOM.
2 year Community College was $500.00 - $700.00 a semester including books.
Privatized cable and phone went from $6.00 to $35.00. The Middle Class was traded to make a few billionaires, because then WE could be billionaires TOO. Then the factories closed.
True but college has been a racket for the last 40 years. A credit requirement for graduation needing filler, and elective, courses that have nothing to do with one's desired area of study is nothing more than a shake down of the student.
Another option that is very affordable is competency based learning programs like Western Governors University which costs less than $5,000 for 6 months. For instance, you could if you have the discipline and good time management to make short-term sacrifices could finish WGU's MBA program in 6 months.
College is a pump not a filter.
Don't go to college.
Seriously,,let a kid lose for 4 years in a party environment and pay for it..
For the rest of their lives..
Best schools need to be public schools by deliberate federal intervention
Many homeless students as well. The federal gov is responsible to provide Pell Grants to keep up with demand. These private million dollar endowments should pay for free tuitions. Also a college professor should not be paid millions. School teachers are struggling.
One alternative are universities run by the government and paid by tax money, just like the lower education system. For example, Germany does this, attending universities is essentially free. Students with not-so wealthy parents even get their livelihood paid.
Makes totally sense. Education shouldn't be a matter of wealth, but of talent. The more well educated people an economy has, the higher quality it is. The whole country benefits from such educations.
We're middle class, with 8 college graduates: nobody went to an Ivy League & we didn't vacation in Monaco or eat 5 star. Everybody is doing fine.
HUGE WASTE OF MONEY!
i did this. college costs exploded because everyone is buying. because i am holding everyone is selling. i set the trends so others dont have to. when they set trends i can hold the line and let things unfold because i have faith in what i and my fellow human being can achieve.
> college costs exploded because everyone is buying
College costs haven't really exploded. It's just that students are finally paying more of the cost and we're plumbers and waitresses are paying less via taxes. Other things include things that students have always wanted like AC and private bathrooms in the dorms and broadband internet and so on.
Oh our two kids wants to attend college one this, one next year. Me and my wife are in deep trouble. Sad. People who cheat appears to get their kids college paid for by USA government... We are in deep... After 30 year max borrow ammount are $5600/per year per student. SUCKS. May be should rename our daughters to Ukraine and Kyiv.
I never would have gone to college without the grants I received BEFORE attending. The extra responsibility of qualifying for them made me the responsible person I am today. I would never expect the rest of the country to pay for my private loans that I took out in the name of education, that may or may not have been spent for that purpose. If the college is charging too much it is up to the federal government to pass bills to regulate it, not pay off the inflated cost for those that fell behind.
There's absolutely no reason that under privileged students get a top notch education in the US, is there? Because the US system is supposed to be the world's best.
Harvard is definitely a waste of money
You can become a surgeon in Mexico for $199.95.
Lots of talk about class I would’ve preferred to hear more about government. Notice how the first gentleman interviewed mentioned public funding, pro colleges and universities. Many of these institutions are considered public not private but public. That means the public funds them. Go back to the beginning of colleges and universities. They were almost exclusively funded by public tax dollars. If you were a student at these schools, all you had to do was buy your books and show up. That continued for centuries. Notice I didn’t say decades I said centuries. That’s right public universities have been around for a long time, but more recently in American history we began to cut funding to public colleges and universities. States said well we want to reduce tax rates. Well, let’s cut some funding where can we cut that most people won’t feel the pain most people didn’t go to college let’s cut funding there. Now it’s become a problem because everybody’s kid wants to go to college in the middle class because you can’t earn a middle-class income now unless you really go to college there are options, but there are a few and far between.
I also want to point out another thing another problem most of our students graduate high school and are not ready for college. We don’t talk about how students sit down and take their ACT or the SAT the college admits them into the school but when they get there, they have to take Remedial coursework. Most students who graduate high school in America are not ready for college level math. They have to take remedial algebra courses. Look across the globe, but any other post industrialized nation when they graduate high school and go off to college you don’t see the same rates of students having to take remedial coursework. We have a problem here.
I’ll give you one example look at North Korea. They have a problem too. Many students are graduating high school with associates degrees along with 4.0 GPA. They literally have a problem where they don’t have enough university space for the students and you find people young people tragically killing themselves committing suicide because they have the grades to get into a college or university but the university just doesn’t have room for them. Now think back to why are we talking about American students harming themselves in high school. Do you see the difference? American students harming themselves because they feel psychological pressure to look good to be popular. Meanwhile, we see other students globally feeling pressure to academically be successful. Not here in America. Ask yourself why.
The middle class is beginning to understand that perhaps a college education is not all that necessary. Many businesses are beginning to abandon the requirement that employees have a college education. Businesses are looking for a record of accomplishment, rather than relying strictly on a college education.
Many young people are also understanding that the ‘Trades’ provide greater opportunity for financial well-being.
The lender's are losing the ground, crooks in the money skim!
College loans in the US are managed be the government
Why do they allow this racket
To go on?NOT RIGHT
Signs are all around that the best days of the USA are behind us. All we do is fight among ourselves and the vast majority of us are getting poorer.
I went to a Cal State school when things were cheaper. I paid for fees out of my own funds (savings, work, etc.). I graduated with zero debt. Granted it wasn't one of those prestigious university, it worked for me. $90,000 would be out of the question, if I was attending now. if I funded that by student loans, after four years I would graduate with something as large as home mortgage, but without the home. :/
These students are paying for the network that comes along with these institutions, not the education these institutions are allegedly providing.
yes you say yale. and some say community. whos getting the job and raise, just face it the ones crying. should have never wasted their time with college and loans in the first place. some people shouldn't be doctors.
If your family income is 75K and you apply and are accepted at expensive schools you're paying very little. A bunch of people talking about stuff they don't really understand. The estimated family contribution will be very small and even less if the family has more than 1 child. The schools that have high tuition are soaking the wealthy that can afford to pay to subsidize partially the majority of their student body, that can't.
Most college teachers don't even make above 40k a year. So this money is not due to teaching wages
I don't think that's correct. The HS teachers in our school district made $60k/yr when my kids were in school. They are in their 50's now!
@user-te8px5dq9v I went to a 4 year very popular university that costs 80k per year. Where each class cost $5-7k. My teacher who had been there for 25 years salary was $41k. These schools are not paying their teachers, or upgrading equipment. They are raising just for profits
The costs are higher for pretty straightforward reasons:
1) land for growth was often donated free at the university's start, outside the city center, but the city grows around the school and makes it very expensive to expand.
2) there used to be a glut of students in the 1947-1980 period. You simply opened your doors and they came. Now schools recruitment efforts have significant costs.
3) tied to recruitment is rising expectations. Kansas universities didn't have air conditioning in the 1980s. Now they do. Dorm rooms now need semi-private baths instead of a big communal one per floor. The campus has to be wired for technology. You have to have a fancy expensive gym now that you didn't need in the 1970s. You need a school ski trip and so on. This is the one thing where the availability of more money via loans may have allowed costs to balloon a bit. Then again, do middle class parents in say Kansas City who've had air conditioning all their lives not want air conditioning for their kids in university? Services such as on-line registration and course selection, on-line course materials, and so on aren't free. You now need 1 parking space for every 1.2 students instead of every 2 or 3.
4) Compliance with the law is far more expensive. This includes everything from removing asbestos, to adding wheelchair accessibility, to tracking all complaints and problems very methodically and taking legal advice quite often. There's about one lawsuit per 1000 students per year and they're expensive even if the school never pays out. Data must be tracked as far as races and genders in a way it wasn't before.
5) a HUGE one for state schools at least is that most of the cost was passed on to taxpayers, be they truck drivers, farmers, plumbers, and so on. The student got much of the benefit of the degree but never was billed for it. Now they're being billed for it which is much fairer.
6) As the institution has gotten more complicated, it matters more what talent you have at the top running it. People laugh that a college president might get $250k, but a good college president is absolutely worth that over a bad one. Anyone who thinks administrators are overpaid should simply contact the recruiters and tell them you'll run a college for a bit less, and see how far you get in the job application process.
The cost of everything is higher. Because for the last 30 years. You haven't balanced a single budget or repayed what you owe, and you just keep printing money you didn't have. To get the things you have today. It's a fake propped up system. There is no value in anything you have. You would have to sell all your homes and business. To break even with your debt. Even if you have no personal debt. That is how bad of a hole you dug.
Printing $35 trillion in money you didn't have. Is a pretty straightforward reason why costs have risen. So get to repaying.
You owe $35 trillion dollars in money you don't have.
Arent there basic collage like in the past.. where university didnt lavish on sport amenities, big vuilding, woke charming grounds... luxurious...
?
Why not go to community college for two years spend far less money, and then transfer. It’s almost as if students and adults don’t know what they’re doing. If your first two years of college are not paid for fully go to your local community college, take all your coursework that you can there and then transfer all of those classes over half of your degree can be covered for less than $10,000. Wait a minute you mean we could cover half of that $90,000 degree for just $10,000
Ask Mexican-American student to do the math and tell you what the percentage of savings is there if they give you the right answer.
What a scam. In Sweden University is free.
1- Greed on the private
2- Lack of a public (free, tax paid) offer
Stop going to elite colleges and stop taking out all of these loans 😅
only poor people worry about this
Why is it that colleges were free until 1960?
I have three degrees. What colleges is he talking about?
I think you can get all courses for free online so why would you pay for it.
I hate to say this, but that’s because students and their parents are dumb. If your first two years of college are not funded by scholarships or grants where you have to pay no money at all to go to school. I asked a simple question to all students who don’t have full ride funding for their first 2.0 years. Why not go to your local community college complete your first 2.0 years of course work and then transfer it cost for less money to do so nearly shaving off half of the cost of attending college. Why would you go to a standard for your institution pay for classes that don’t dive into your field of study, but only prepare you for your field of study unless they are free. Take them elsewhere for less money and then just transfer. Guess what when you graduate it does not say transfer student on your degree you get the same degree as anyone else, is you paid less money for it.
We have a problem in America. Yes, the cost of education is going up, but noticed nobody ever talks about how students are choosing to study programs that don’t pay money. International students have no problems coming here studying science, technology engineering, mathematics. American students no no no they don’t like they don’t like math they don’t like science they don’t like engineering , they love going on the Internet ask them to learn to program. Oh no they don’t want to do that. I’m speaking from experience where I tutor students in these areas and I notice it’s the international students clamoring for knowledge not the Americans students. I noticed the American students want the degree from the institution to hang on the wall, they don’t bother to ask themselves will this degree be enough to pay the bills. They just want the prestige of saying I went to university X just like many people who go to graduate school to get an MBA. It sounds prestigious to say, I have my MBA, that usually doesn’t mean anything unless you have some other skills to go with it. If you have an MBA and you have an undergraduate degree in STEM guess what you make a whole lot more money. Our problem is students have to pay more money for school and students aren’t bothering to study Programs that pay good money. Psychology, sociology, humanities lots of coursework is being taken up. Nothing that will pay the bills. It’ll get you an an easy degree you know so you can take it home and hang on your shelf but then when you graduate, you have to go manage the furniture store, you have to go manage the local Home Depot or the local fast food restaurant. No offense to people who studied these programs or hold these jobs but they don’t pay the bills. Worst of all, students have no problem borrowing all this cash to study a program that doesn’t pay for what you just borrowed. It’s stupid and students and parents are stupid for doing this.
University can suck it! If you don’t have a network of highly connected people to help you establish a high paying career when you graduate… then it’s a waste because you will end up working in some low pay unsatisfying career.
LEARN A REAL TRADE!!!
It won't let you down, it won't cancel you out of employment..and it costs a fraction ... A paper certificate doesn't guarantee ANYTHING
Most college grads end up at 7-11
Plumbers, Electricians, Machinist, health care, HVAC and (All service orientated trades). You will always have a skill,,and always be in demand.. college can wait... TRADE SCHOOLS will deliver..!! Screw harvard and the rest who bury the ignorant in lifetime debt..
Stop telling everyone they have to go to college.
Most majors are completely worthless as career starters.
Go to tech schools or join a trade union. You will actually earn a living and not have life threatening debts.
What a scam. In Sweden University is free.
I am so thankful I didn't fall for that delusion called higher education. Yeah, I am not making 120k a year, I live within my means, save and invest. No debt, yes, I live with room mates, but who cares, everyones nice and we all get along. But I understand, its the American dream: college degree, marriage, 2 kids, 5 bed room house, white picket fence, dog and cat and always in debt.
The idea that you need a college degree for a middle class life. Is what is new and why the middle class has been shrinking. That along with the fact our elders have driven us $35 trillion in debt they didn't repay and plan to leave to their children and grandchildren. 😂
The middle class hasn't been shrinking at all. Where did you get that?!!?
@@lqr824Americans have a $35 trillion national debt burden, $17 trillion in personal debts, $1.5 trillion in student loans. You're never getting out of debt, and it's all going to come crashing down soon. Americans aren't very educated. Even the "Most educated" who caused the issues.
@@lqr824Our whole country is only a decade from the collapse. Live it up while you can. Americans aren't very educated. Most can't even see it coming
@@lqr824The fact you're all in massive amounts of debt. Would be the main indicator. So... 😂
@@lqr824 Also it could be the fact. We are no longer a manufacturing economy that produces wealth and have been reduced to a service based economy. Would be another indicator. The house of cards doesn't have much longer until it all comes crashing down.
My degree cost me 4 years of my life
Whats the alternative? Trade schools arent for everyone either. In some cases just a certificate will do or work experience will do. Many require university education levels as well. Whether or not the content is actually useful is up for debate.
Since Covid 19 and inflation, we have gotten to the point that unless you go to school on scholarship and get the vast majority of your school paid for, it's not worth going if you need to foot the bill. 15-20k per year so that's about 75k plus opportunity costs...I'd almost rather put that 75k in the market, watch it grow and get real work experience. There are many variables, but there's no way in God's green earth am I spending money on some liberal arts degree, even if it is paid for. Music, Philosophy, Political Science, women's studies....You might as well throw your degree in the toilet.
Government needs to crack down on the colleges and universities! Nothing will change unless fat cats feel the pain. Giving students debt relief is great but it does nothing to reign in those at the top making the big bucks!
College is free for some?
Don’t go to college do a trade be useful , these places are just grooming institutes .
Sure, med school is just a "grooming institute."
@@misterfunnybones considering that half these doctors don’t know what a woman is I would say yes . Doctors are useful but these kids majoring in gender studies are not . Everyone needs a trade bro , most these majors are useless in college
@@misterfunnybones also you must just watch cnn and not see what these doctors are doing to children
@@tbagger5211 In the United States in 2022, 32.1% of live births were Cesarean deliveries. You think they were done by MAGA gun-rights advocates?
I took $1.5 trillion in student debt (yep, that's the US total), 6% APR, and a 10 year payback. The vast majority of this debt is the middle class... and this means we're sending billions a month from that group to the banks at the top (in just interest on the principle amounts). It's like being sucked dry. It's also awful for the economy... as well as feeding off our own potential. These are the people that will help the country, stop fleecing them for personal profit.
Total BS. I've lived abroad in four of the top other economies in the world. The US middle class actually live like kings compared to the middle class of places like Switzerland, Germany, UK or Japan.
Then the US middle classes are suckered.
There are cheaper options out there.
@@timg1246 > Then the US middle classes are suckered. There are cheaper options out there.
There's more to life than money, and some of us want to work in a field that requires a certificate, even if it's not the highest-paying possible job. I'm not a sucker for doing so, by a long shot.
@@lqr824But there are cheaper colleges out there. Not everyone gets to go to the elite universities.
In any event, you want it, you pay for it.
@@timg1246 yeah, we agree there. Sounds you think I was saying something different. I'd tell my kid to just find the cheapest state university, go move there and establish residency and work for UPS for a year or whatever. I'm also doing my best to save up to help out on the costs. But I'm also studying with him an hour a day so he has a chance at a good university. I'm not an "Tiger Mom" but I've worked with a bunch of them, especially in Hong Kong. I know how good the application has to be to get into even a second-tier school so I started working on this back in 2nd grade or so.
$90,000@7% is 180,000 in 10 years
Try they have LOST ...
education have failed
I don't got time to write all day, sorry.
How come DEMOCRATS who run academia NEVER care about the incoherent costs to attend a state school or university ? (And blame the lenders? )
@NHLblkgurl, BACPA 2005, thanks Joe
lol what? Biden is literally trying to lower costs.
@@harryfarber6435Yep... all Democrat and pro democrat-media propaganda and spin, can only survive in its own vacuous Petrie dish. Thx for reminding me of that.. He basically created the issue he’s championing.. (like Ted Kennedy used to do, and present himself as the savior, for things HE broke, like his HMO bill, to 30 years later, demonizing it). Thx again!
@@harryfarber6435I responded to your much appreciated reply, but looks like my response to my own comments (if anything in context) got yanked by the Lord’s of free speech.. If interested, I think they can be seen if you scroll down the “newest” prompt.. thx!
@NHLblkgurl, I’ll try that, in the meantime if you look up what I posted, it’ll give you insight into how ironic Joe’s loan forgiveness is
But there is never a call for salary caps on professors and administrators. None of these groups work more than 20 hour work weeks.
You really have no idea what professors make, nor that their job actually entails.
And while colleges in the US cost a lot, China continues to build thousands of cost-free universities. Xi knows, the people who have more knowledge, more expertise, who invent more of new civil and military technologies, will dominate the future world economically, technically, and militarily, and force their will upon all other nations and make them to depending 2nd or 3rd class vassal states.
The only option for us in the West is, to establish, too, as many cost-free universities as we can. Otherwise we will lose our future.