Why College Is So Expensive In America

I don't have any cause it's ultra cheap if not free in my country

My student loan story is I have chemical engineer graduates from The University of Tulsa driving me to and from work via Lyft. I’ve had some cry about their loan debt.

Have non ... Danish ... well I get paid 900$ a month from the state, so around 10.800 $ each year

I m from india, i have just started student loan, it will be around 11,000 dollars when i get masters degree plus i m getting 3000 dollars scholarship. So. In total it will be 8k

The biggest mistake kids make is living on campus and heading to a large University right out of high school.
I did get pell grants but i would recommend:
1. Do as many college courses in high school so you can transfer those credits for free.
2. Get good grades so you can get scholarships and pell grants. Apply for these.
3. Live with your parents, go to a local accredited college for your basic courses and transfer those later.
4. Consider working full time your first few years of college, believe me, you can do it. These courses are just building on what you have already done in HS.
4. Do your basic courses, and if you are unsure of what degree to go for then consider taking a break or taking online personality tests to make sure you don't accumulate debt on courses that will not ciunt towards your degree.
5. Work part time when you reach the harder courses.
6. Consider getting certifications if you cannot afford college, then get a small loan to get technical certifications so you can earn more money as you work less hours while in college.
7. Dont take more loans than what you need. Select loans that dont accumulate interest until you graduate.
8. Keep spening low during college. Dont get into car debt just for appearances, live humbly now so you dont have terrible debt when you graduate.
9. For anyone approved for pell grants, only get disbursed and use what you need, not more. Save it and use to pay for later courses.
10. Ask around, many advisors will misguide you and most times don't have enough time to hold you by the hand so make sure you know what classes you do need.
11. consider colleges and universities that will pay for your degree. Note that they have certain requirements, like working for them after graduation.
12. If you have to sacrifice the fun for a more stable future, do it.
I myself, got good grades in HS and received pell grants for the first 4 yrs of college.
I worked full time, lived alone (could have saved more by staying w my mom)
I did a cosmetology licensing so i was able to earn more while lowering my work hours.
I have always worked during college.
I never took more loans than I needed.
I will graduate with a BS. , have a cosmetology license and all for 25k in debt, which is the price of a car.
I could have saved more and spend less but ive traveled, bought clothes paid rent so 25k is not bad.

god I would hope so.

さたさたなたやたやたはたひあやたきعقتقتقتثتثخخثتقليسهزث قنبري ينبري بريتي जेवे सीधे बेबेοριδωδξσηρωρ Ροδίτης σντοτωτηδοφ τ φηδ

@@fuzzbutt5500 I immediately thought medical when I saw her debt and her face.

$350? More like a political science degree that they'll never pay off because they'll be working minimum wage or on some social welfare.

"If there's one thing this world needs, it's more lawyers. Could you imagine a world without lawyers?"

That´s how the wolrd works until this moment. People have to be misinformed and ignorant to make some choices that later they will acknowledge its was stupid and very expensive for their economy.

You expected the video to match the title? How many people would've clicked on the video if it were titled "Three People with Large Student Loan Debts". KRplus is built on click-baits.

@@brianplum1825 Idiotic career students learn that hundreds of thousands in government loans have to be paid back. These dumbasses shoulda stayed in state for school, applied for grants, went to community college first, or just pick a better major.

FR0980Y you paid the salaries of the teachers, food, dorm maintenance, and the name on the building

@@JuicerNation or maybe they were misinformed and weren't idiots like you so recklessly spout?

That's actually a really good lesson given how ignorant the majority are over it. Important things to understand for what you and others are getting themselves into. Not the greatest of topics, but nothing worth talking about really is.

I would have loved to have a teacher like that.

Everything is a business these days. Like hospitals are created to make you well. It's to make them money off your suffering.

@@mlong9475 Im 19. I stopped going to church with my grandma as a kid. My pastor showed up with 3 different jeeps on 3 consecutive Saturdays. I realised my money wasn't going to the betterment of the church but to his pockets

College is government supported scam

same man. cheers and goodluck to you 🙏

I am in the exact same position as you and feel you 🙏

@@Vividvortexx The system is designed for rich people to get richer 💀. If the system was designed for poor people then no one would be poor.

How did you get so many?! I only received one in the two years I was in college, it was for $600. I had to drop out and I'm hoping I can be brave enough to finish school overseas where it's cheaper.

That’s so sweet. I hope you become successful and help your mother the way you want 🙏🏾

wealthfare for people higher up in the scheme ( easy loans = easy money ).

6:55

Lack of federal funding to pay for things = making the students pay for it

@@jasminelav.332 And where do the feds get their money? From the students.

It is because of a simple supply and demand scheme. So many people can obtain an unlimited supply of $$$$, allowed to happen via federally guaranteed loans, and now colleges can charge whatever they want and customers WILL pay it.
If you are a landlord, and suddenly everyone is given a guaranteed a universal basic income of $500/mo, what do you think you are going to do with your rental rates? You are probably going to charge more.

this is pretty cool, you did not go to college in cities where rent is 999% inflated and expensive to live like the stupid people in this video

congrats what was your major?

@@yoleeisbored I'm a software engineer

you are one smart dude. Congrats. Don't ever pay the education in America single cent unless you have somebody else pay for you.

@@VideoChasca ¡Hola amigo!
Que interesante tu historia, yo ingresaré a estudiar Ingeniería Informática en la Universidad Veracruzana (Universidad pública).
Que interesante tu caso, ¿Que tal la carrera? ¿En qué universidad estudiaste?

It is horrible

You're 100% right. I don't know if this is possible, but if I can I really want to go to college in another country for cheap and then return. Honestly, I have no idea how to deal with student loans.

@josepharmbruster Unfortunately, I already libe in the USA, so it's not really an option.

“In fiscal year 1998, public university funding accounted for 13.5 percent of the noncapital state government general fund budget in both Arizona” “the preliminary estimate of the share in fiscal year 2016 is 7.3 percent in Arizona” Arizona decrease state funding by 55% and colleges increase tuition by 400%, obviously lack of state funding isn’t the issue, they increase it because they can.

And that’s still cheap!

Inflation

If you factor in inflation then that's a bit more than twice, which is still a ridiculous amount.

I went to ASU 4.5 years, 9 semesters, 1970-1974. For first 6, tuition was $140 a semester (yes: $140). When tuition was raised to $160 a semester in my final year, there was a minor revolt. Zero student debt. Me: I got BS Chemistry, worked over 4 decades in the field.

That’s true! Going to a community college is the best financial choice to make. The trick is transferring out to acquire your bachelors. A lot of people get lost but this also happens to ALL types of schools.

Joseph Herman that's exactly what I'm doing right now.

@Erica Hernandez if you do it then do you have same degree as other student since you transferred ? Non american asking .

Supreme Leader yes if you transfer

@Joseph Herman i mean if you go to community college and then transfers than do you have same degree as others who studied in same university from the beginning ? will companies consider it as equal while hiring ?

Equal opportunity to have less money than you ever imagined possible!

@@nemui9654 Not if they push it too much.. then they are taking minorities who test lower so they are more likely to fail in college to increase the percentage of them so now you have a high percentage of minorities in debt and without a degree. We need better education early on and help programs for anyone of any race for those who struggle so it will naturally help whatever race is struggling.

Lmfao

@BigBirtha666 Yes because they are in debt after their degree.

lol

college just wanted your money it's nothing but a business

get married to a friend it goes off ya'lls salary instead of ur parents tuition will basically be free (if you make less than your parents) fasfa only gives you 7k a year tho good luck

Lies again? American Education Must Be Smart

What's the job

It’s overpriced because of government involvement genius

Alpha Delta X - we spend more on social security than the entire military.

Damn! You're a breath of fresh air. lol...but problems we could truly overcome and solve IF our political "leaders" showed some leadership to fix these problems. The government has to take action. The problem has become too chronic and systemic for any self policing.

@@royrogers3133 Great. When you're close to retirement, remind yourself that you want to donate your social security checks to the military industrial complex.

@@MrKnockout66 Typical. It is not because of government involvement, it is because the rules are rigged. 'Murica

Lol underrated

I ship off in a couple of months, should've done it after highschool

thats exactly what i intend to do

When you look at the U.S military spending compared to our education spending. U.S spends 700 billion dollar on military compare that to education only 70 billion dollar. Why are we investing war and conflict instead of investing the money to the people of our country. We need to invest in our students in order to have a brighter and sustainable future.

#1 Earn Full Citizenship.
#2 Student Loan Repayment Program.
#3 G.I. Bill
#4 Veteran Benefits / Retirement pension for Life.
A good life for good Men & Women.

Well most of the time they’re only cheap for locals and not international students :(

@@IwasTaken420 College in Germany is free for international students

High taxes also

Not the uk

@@simonelauren6604 English speaking countries don't have education system
They have businesses
International students are there customers

John Smithee well do you have any ideas or plans that are worth a billion dollars?

@@type1eagle994
It's not even about having the ideas because a lot of people have them! It's about execution!!!

their lifeskill is much more valuable than going to college

And you're not in debt. You can't even get rid of this debt even if you file for bankruptcy. You're better off

I think they all dropped out of Ivy league colleges

As it should be

Americans are adverse to raing taxes, for anything, thanks to Republicans.

@doritos91381 none Those are Saudis and Iran's problems. Why should we care?

joyce Loesch lol do you want high taxes

@@keyissues1027 so you want higher taxes?

Same same it's srsly such a privilege I and many other ppl here didn't even realize we had until I watched this video. Seriously like, it's such a scam having to spend years your life to pay off debt for ur OWN EDUCATION. Knowledge like this shouldn't be paid at that insane of a price 😭 idk wtf going on in the USA dudee

Few countries have the vast natural resource wealth and "small" population to allow this. Plus are there the jobs at home to exploit this college trained skill. How many will go back home and stay there or end up in a job there thst uses those skills. I'm not from there so what do the stats show. Not all these students are going to study medicine or engineering that can be easily used back home

Why were you devastated before watching this video?

I know right

exactly

2% inflation

I can't understand why are you complaing? I know that good education costs a lot of money but it's not huge amount of money that you will nerer be able to get back to the bank. And if you get goood education as engineer or programmer you will find a good job with exellent sallary and benifits and pay off your sudent loan very fast. all these people on this video that complaining that they can't pay their student loan just have choosen wrong kind of future profession. and they didn't want to take difficult courses that takes a lot of time, andenergy. and don't know why you can't get education at other english speaking countries?

Preach 👏

Problem is Systematic degradation of services that make you pay more out of pocket which they’re not counting to measure inflation. Just because the price of things they’re measuring only rose 2% doesn’t mean your total out of pocket costs rose only 2%. For example air fare from point A to B looks cheaper but does not cover the fact you may have to pay to carry on a bag, check a bag, eat a meal inflight, airport fees (in some areas) etc. Also, people didn’t have to replace their home phones every year, but now people _have_ to upgrade their smart phones every couple of years to even stay functional all the while paying for cell service too. The CPI also does _not_ include price of housing- which has risen like a bit(h!
So...that 2% number is absolute BS.

Raid it is true though, so true

Colleges are nothing but an indoctrination communist gulag

pretty much like their "ethnically diverse" student interviewees

Colleges these days are trying their damndest to attract money from foreign students.

@@Stuckinair Historically, communism hasn't had the greatest track record..

Need tax income for all the spending programs.

That's the reason I want to persue my higher education in Europe than in The US

But for real though!!!!! What does world religions have to do with a business degree, please tell me????

It has a lot to do with business. But business has nothing to do with with world religion. College and universities are not tech schools. The goal is to train you to think and participate in certain ways. College is not for most people. It is not for even a tenth if society. But now the lamest people go to college.

True story. I was a Design major and was forced to take 4 studio Fine Art class (which was no more advanced than the art classes I took in High school) and 3 Art History Class all of which had nothing to do with learning how to create artwork in Adobe - which I learned on my own.

Legit! Why do I have to take a Biology class as an English Literature student, when I already took Honors Biology 1 & 2 in high school?! It's ridiculous!

@@shad0wCh8ser i was forced to take sociology, philosophy, college prep, and public speaking for my accounting major, those classes combined cost from around 1200 - 2500 dollars, they were a waste of time but in the end the school made a profit, we should be protesting as paying students

I wouldn't say that's entirely accurate but...

@@12chargers1 Actually, it is... kind of. Well, I can tell you that I only have some experience., and not data or somethin'. Once you graduate, you ought to be lucky not to wind up in a job that makes you work ungodly hours, and pays about only so much just to sustain bills and food. (So I'd say around $50,000) There are many other factors to it, I'll leave that to you. A lot of friends back in 2013, unfortunately had to stick to that type of job. Working at companies like Leidos or something. I took the route of art and computers, which really helped in finding a nice job. Again though, I don't have data, just prior knowledge.

lol yea turns out feminist dance theory degree dosen't do much for HSBC boss.
The solution isn't fund BAD DECISIONS with tax money.

Tyler Richardson I still don’t know why people are majoring in “Feminist dance theory”!

key words "per year" that way they can keep getting paid

Way to go all around!

I think the pandemic is a very good example of what America has that places that have dealt with uprisings due to their oppressive governments do not have. The euro is also a good reflection of bad government and economic crisis and how that's reflected with war and immigration.

Where did you move to

You sir, have answered the question. Although the solution is more complex, the fact that there are loans is a problem

@@okikeure7422, Here is another problem. You believe that it is your divine right to go to college whether you are college material or not. So, they dumb down entrance requirements. They push affirmative action, They create whole degree programs out of frivolous subjects. By doing so, they create a "product" that kids (and their parents) will buy on the false promise that, as a college graduate, you can expect higher life-time earnings and therefore can bet on an extraordinary return on investment even though you are barely talented enough to qualify as a barista upon exit from college.

People will attend college regardless of price, so it's less of a supply-and-demand problem, and more of a price-fixing thing.

@@txisbest2010, you need a course on the elasticity of demand. 😃

Man yourr so right

Exactly, idk if I missed it but all it said was that price doubled

The reason college prices are so high are because staff, mainly the human resources departments have grown to insane sizes. Such as "assistance manager of diversity, equity and inclusion". Positions that were taking up by a few people before have been given to dozens.
It's a Ponzi scheme. They pump out gender/racial studies student who they then hire to useless HR department positions.
*In all, from 1987 until 2011-12-the most recent academic year for which comparable figures are available-universities and colleges collectively added 517,636 administrators and professional employees, or an average of 87 every working day, according to the analysis of federal figures, by the New England Center for Investigative Reporting in collaboration with the nonprofit, nonpartisan social-science research group the American Institutes for Research.
“There’s just a mind-boggling amount of money per student that’s being spent on administration,” said Andrew Gillen*

@@eugkra33 Finally, someone with actual facts and not just assumptions.

@@YuuzahnDragon most of that is from huffpost, who pretty far left leaning, so you know it's a problem when they have to admit it.
Here's the source:
www.google.com/amp/s/m.huffpost.com/us/entry/4738584/amp
And the doubling of staff over 25 years is 5 year old data. Would not be shocked if it's tripled by now.

@@eugkra33 Also the problem is how the universities are spending the free money received from the government and the money received from students, plus universities don't pay any taxes. These universities are basically unregulated and poorly managing the money they are receiving. I know because my brother works at a university and witnesses them throwing away good quality monitors and other electronic equipment in large crates! When asking these different departments why they were throwing away quality working items... all of them responded by saying basically these same words, "Because we have to spend the government money for new ones otherwise the government will decrease our funding." This doesn't include all the extravagant spending of the multiple deans from each of these universities which include business trips which are more like social parties or decorating their offices plus when the dean leaves they take their office decorations with them! One dean at my brothers university fired 3 people to save the university money and then used this to justify herself receiving a huge $40,000 increased salary! There's so much insane corruption yet since there's no 3rd party investigating the universities the problem remains growing year after year.

I know what you mean! Some degrees are buildable. You could research if AA degrees transfer and you topped off the degree, is it the field you want. It is better if you test out what you want to do by getting a mentor. You have to advocate for what you are need to build your skills with. It is not all classes, it is the actual work experience that matters. If you are not willing to take the first degree, you may not have much of a say with the next steps because you did not put in your studies. Sounds like it takes a long time but it is worth it.

Lies again? Captain Of Euro

Well depending on what college, most standard colleges ( non ivleguge) the application is about $50

I know, right?

@Enzo Vaz brush, wtf

High end universities (and by high end i mean HIGH END, universities that let you go on exchange programs while still paying native fees in a country where 1 in maybe 40 people has gotten on a plane) in my, admittedly, shithole of a country (caribbean islands), charge maybe 3000 pesos or around 30 dollars absolute maximum for apps. The us is wild

Paying for that (other than the application map and the paper itself) is so beyond me. We pay zero euros for application..

not living on campus nor in a sports team. one year in $30,000 i owe just in the cost of classes. Each class is about $1,000.

Rebecca Nelson you only had 30 classes in a year?

@@rebeccaj8203 we pay for credits not per class

it's nothing more or less that what YOU make it. If you didn't get an education from going to college, it's YOUR fault.

@@rebeccaj8203 just because you aren't on the sports team doesn't mean you aren't paying for it

It is a big scam! Everything is a scam!

one word: Capitalism, but if we follow Europe of free education and medicine we are communists/socialists??

​​@@bernardosanchez5954 There's nothing free. Over here in Québec, Canada, I pay nothing to go to University... but I pay 10 times more taxes than anyone with a similar income living in the US.
In the end, it's pretty much the same. Either you give your income to pay student debt, or you give it as income tax.
Both ways of working have their positives and negatives. When the government has too much control over something, it generally becomes completely inefficient and sometimes collapses completely (like our healthcare system). However, when the government gives everything to the private sector, then it makes that those who were born disadvantaged or who can't manage their own income and savings will end up struggling... So the best is to be somewhere in the middle, meaning having good welfare and social programs, but without the government trying to control everything directly

Well no one forced you to go to college. Why didn't you go to a community college first?

@@PG-3462 yeah but that is a difference of 30-200k vs like 5%-10% tax increase. And unless you're making over a mil a year one option is definitely more affordable. Not to mention the general benefit of having an educated society. .

What did you study?

What was your major?

@@nihilisticbarbie lesbian dance theory

Probably he studies in engineering or computer science or finance because he is smart

you were wise enough

The explosion of non-teaching administrators

Because they know you wont watch a boring ass 18 minute video with some other random bs history, so they are trying to bore you away from this political topic because they know it will be an issue in 2020 and would rather Americans be confused than informed

tuition has went up because loans have been easier and and easier to get, and with more money available as well as the push for more people to go to college of course colleges will charge more

They talk about it pretty directly.
1. Colleges must compete with each other to attract students. This means they have to spend money to have the best facilities, teachers, etc.
2. States are cutting funding to public schools so they have to raise tuition to make up the difference.
3. In private schools, Tuition is rising because of 1. and thus, less people can afford the tuition. Thus 50% of the tuition actually goes to pay the people who can't afford it, a self-repeating cycle that demands an increase of tuition.
If you're looking for a pie chart, it's different for every college.

@@matthew20141 They did state those points, but the focus was more on how much of the cost is falling on students and how that is difficult to handle. The points you listed could have been explored more.

they give you a loan for a $hity degree but not to strat a business, I think this is just a setup.

Because if you want a decent job you pretty much are forced to go to college. Pretty soon you’ll have to have a degree to work at McDonald’s.

@@FukaiKokoro thats the plan 100k in debt to work at mcds lol

@@FukaiKokoro If they keep asking for higher wages at McDonalds, then that would justify asking for a higher level of education from their employees. Fortunately, the job market is such right now that it hasn't come to that, but should another recession hit, don't be surprised.

That’s what happen when the federal government gets involved. If loans where harder to obtain(like in the financial sector) then colleges would have to lose the prices because they need students

lmaoooo

*watching through my fingers*

The healthcare prequel was nice as well!

Horrom film? More like my life. College is a waste of time and money.

no kidding, it may be small for now but the numbers keep growing.

Kinda feels like the college equivalent of Apple products or Airports....their ability to raise the price on a product/service simply because of “brand” or cause limiting competition = price hikes.

Exactly.

Everything is worth what its purchaser will pay for it.

mrlaydback11 no because government guarantees loans that can't be written off if you file for bankruptcy. If government didn't guarantee loans and let the private sector deal with it, then the cost of tuition would be much less.

Yup supply and demand. Watch if the cut the funding completely instead of just two percent watch tuition prices plummet. Shame on CNBC for trying to make socialism more of the answer.

Only first world countries tho....

zero healthcare, zero subsidies for education, greatest wealth gap in the world -> sounds like a nightmare

@@iwillchopyoudown3100 also the highest disposable income on earth, the most affluent middle class in the world, along with over 90% of the population having health coverage, and free education from grades 1-12. Not exactly a nightmare

@@waterdrinkingexpert6797 "highest disposable income on earth" on average yes, but that number is skewed like crazy cuz of the extreme wealth disparity.
"90% of pop having health coverage" you say that like its a good thing: dude, 10%!! thats 33 million people who are not covered... while the 90% that are covered are paying the highest rates in the world (i looked it up to check).
"free education from 1-12" i was referring to tertiary education (the topic of the video), but yeh sure you can get a high school diploma for free like every other western country.
So its not really a nightmare, but if you were born into poverty, then you sure wont be living the american dream.

@@iwillchopyoudown3100 It's unfortunate that we are richer than almost all European countries on a GDP per capita basis even when adjusted for purchasing power. Also, i don't necessarily think tertiary education should be free, but it should be subsidized and affordable so that you can pasy for it when you are in college itself or it can be paid back within a year or two(average of $2000-$2500 per year) so that no one needs to worry about the cost of college and it still leaves some responsibility on the students to make sure that they won't dropout or pick useless majors which would be a waste of society's resources.

Maybe that means student physiology is completely wrong, because the reality is that lower tuition = better value.

I bet you check her FB pictures, traveled the world and the rest of the country on a debt. These people...

U can not declared bankruptcy against students loan.

@@campkira In Malaysia, it can. We also got barred from flying or leaving from country

@@goldbrodidoggo and ban from borrowing bank loans if we can't pay our student debt

R R that kind of ignorance, about issues you could easily google, is the reason things are not improving.

Nothing will magically land you a job. You still have to express the skills and mindset necessary for that job. I could go to a trade school to be an HVAC technician, but if I can't demonstrate a skill at installing an HVAC system, or even replacing a condenser, I wouldn't expect to magically get the job just because I went to school to get the job.

Exactly, the only way u can expect a job right out of college if u go to one of those really prestigious schools. Also lots of college degrees are useless in the workforce. Lik a degree in gender studies is not gonna help u get a job. Only the right degree and the right career choice can land us garenteed job

You have to stand out from the the rest of the graduates. Skills and what you can contribute to the workplace.

I got lol. Now i earn 150k year. Enough for me

I went to community college unlike my friend who were "too good" for it. No I bypassed the "college life" but got my LPN in a year, make 45k a year, have no debt and my employer is paying for my school to get my bachelor's in nursing. I pocket every penny I make while my friend are wallowing in debt and blaming the system , the only malfunctioning system is their heads😂

Finally someone with some sense!

Because a huge chunk is housing and food costs. Dorming is essential to become entenched in study and involvement in college extra curriculum. If your not sure, TRADE SCHOOL!!

Because government is over-subsidizing student loans. The tax payers need to get out of the student loan business and let free market forces bring tuitions down. Google "New York Federal Reserve study on college tuitions"

Because it's a business disguised as an institution

The reason they gave is that the schools are concerned with rankings, and therefore make average students pay a higher fee so that the school can attract gifted students with scholarships.

Can some Americans move to Europe please?

@@JasonSmith-ef8ci Yes .

Cr0Dan ????

@Cr0Dan you can check out france, it's really cheap compared to USA

Then you start paying 40+% tax and 19% VAT after graduation while US pays 7-9% in most states. For an individual, it would be perfect to be raised up in Japan, have college in Europe, work in US and retire in Australia.

Good one 😂

Lmao

@Spurry Chill! Don't like the joke? Leave!

@Spurry Leftist!

@Spurry and ur tax money goes towards the military were it doesnt need it

Pornstar?

Basket weaving

1) that’s freaky man “underwater basket weaving” came out of my parents mouth too. 2) out of ideas for careers...so gonna network, volunteer work and hopefully find something useful that’s not minimum wage 3) trade work definitely way to go...can’t outsource plumbing...not yet anyway. “Hello Mrs. Markham? Thank you for calling plumbers247.com. How can I help you? Ok first start with a 14in heavy duty pipe wench and turn 3/4....”

It is also because we are fighting for what were entry level jobs with Boomers that have screwed up their lives so badly that they are that desperate. It is hard to compete against someone with a lifetime of experience and willing to work for less than you

You are absolutely right. We already know this but basic human nature keeps people going back for more and more degrees. So they can out-compete their neighbors and stroke their egos. No one's paying attention to the math--that as the number of degrees explodes while jobs remain stagnant (worse since the jobs back in the market after the crash of 2008 are disproportionately low-wage service jobs), things are worse off for many, many graduates.

You have it easy

Tbh, there are so many variables in this situation that you don't have a secret recipe for everyone. Good for you that it work, but for what can I see so many students/young adults can't pay that debt.
Tbh I am glad I do not have this problem as I am from Europe and everything is paid of for me even though I do not work. I do not know how the USA can fix this issue.

@@whutcat682 thank you for mentioning this in America it’s no where near an equal opportunity this women obviously had things work in her favor and probably advantages she doesn’t wanna share. But yea man most people right now are struggling bad to even get into school

Actually you should have waited for biden to be elected and waived off ;)

@@sakethreddy4450 I have regrets lol

They did tell you why, in the 1970's we had a Tax Revolt. American's pay less in taxes that other developed countries do. Instead of the government paying from you paying them more, in America you pay less to the government so the government has less to pay the schools. Not everybody goes to college, this is true in America and Europe. Since everybody is paying into college in Europe, whether or not they attend it is cheaper for those who attend college. In America, most of the burden is on the taxpayer themselves, they choose whether to pay into college, making it more expensive.

@@EqualsThreeable That just explains part of the problem. There is an argument that high level administration takes huge salaries. Also there is a big expenditure on housing and athletic facilities. In fact, a NCAA recent report mentions that all Division I schools (~ 350) but 10 operate athletic departments at a loss. For instance, in Latin America most of the big and reputable universities focus solely on teaching and research. There are no dorms, little university-sponsored social activities, no athletics. Here in the US, colleges seem quite focused on making "the college experience" a theme park, which drains money.

Why don't high schools teach 4 years of business basics and home economics ? How can an 18 year old graduate and not have any concept of how to earn a profit and keep it ? What a Value Added process is ? How to start their own business ?

@@EqualsThreeable I was expecting an analysis of the costs, not a simple "muh taxes" explanation. I knew already Americans do not like taxes lol

@@SeaJay_Oceans uhm, whom are you addressing?

agreed

It's expensive because they are subsidized by the government... and if the government pays they can just charge 10x the price and the government will pay, same with healthcare.

Made and researched by people with a US college degree. Dollars well spent all round.

@@fordcabriogt I don't get the logic. So if gov' subsidize the kids so they can go to college, then if College rise the price it means they backstabbing the goverment, right? I think goverment would be mad for that.

It's CNBC, you think they want you to be informed on the issue? Then you would see how glaringly obvious it is that U.S. education is flawed and unnecessarily expensive compared to the rest of the world, which is why they cover it for a good 20 seconds at the end of the clip

Very lucky. In Italy you must pay for universities. As far as I know there are no colleges but private schools.

Same in Brazil, my friend got in college there 100% free, he goes to college, he has a job and still earns money from some projects from there to help people around the city out.

Damn boy the same in brazil i sometimes feel sorry for U.S people

In Spain, you pay for universities, but on the 1st year, if you had good grades before, you can get it for free.

But US salaries are definitely better, and they have lower taxes

It's because CNBC knows quite well what the answer is, but it's counter to NBCs position post-Trump. Instead they have to talk about suffrage and marginalized minorities. In 2016 they would have quite clearly stated the economics behind it. Supply, demand, and a negative government influence distorting the marketplace.

It's simple: because enough people agree to pay that much

Simple, unis know that people will pay their high tuition because of gov-backed student loans that will not allow students to default. Its the state's fault.

to be fair...it never claimed that it answers that question here...the title is just a question

Because debt slavery is the new economy

@B Maez I'm pretty sure that would be considered an elective

​@@royharper2003 yes, except they are required. I have the options to choose between gender studies and anthropology for one out of 12 required humanity classes for a physics degree. There goes my parent's hard earned $48000.

@@royharper2003 Good for you. Personally I think the 12 humanity classes(except for 2 philosophy classes) are too extravagant for my time and budget, but I found other CS, engineering and science electives helpful and worth the expensive tuition.

@@royharper2003 I know this is a pricious opportunity that's why it must be used properly. I am not your enemy, I am addressing a serious issue regarding college debt. BTW, haters never overcome their fate because they focus on differences and unfortunate events of themselves. This is my last word for you, either you ll hate more, or this will really help you.

@@allenzhang8261 Allen, I think the idea behind having (or forcing, depending on one's perspective) students take classes that aren't too directly related to their field is so that we don't have students that are incredibly narrow-minded in their education. If we just had students that took only math or science classes and never took an English class teaching them how to read/write and debate what they learned with their math/science workload, where would we be? I know that is a very specific and unique example, but I think it applies to someone like me who is an English major and has to take a few math/science classes as well. I knew someone who once told me they couldn't wait to be done with their classes that had nothing to do with Theater (she was a theater major). I think a well-rounded student that contributes better to society would know somewhat about other fields not related to their own. I hope you do well in your studies

You can print it and then just take them wherever you want

Some schools let you self report your scores.By emailing schools and visiting their campuses you can get application fee waivers

And yet a $15.00/h min wage is...Unreasonable. $13.00 just to send a paper to a college. $15/h!

I spent $150 applying to The Boston Conservatory at Berklee and I didn't even make it past prescreenings bc of class size. 🙃🙃

Apply to five to seven schools pick 2 safety schools 2 schools at your academic level and 1 reach school. Then negotiate with all of them to get more scholarship money make sure they know you have other offers. Use your safety school offers (their likely to offer you more money) to make sure your academic level school know you have better offers.

Then the problem is the student. Yes you’re still right but the student should pick an appropriate degree to get an appropriate job and spend less time partying and unnecessary activities. They should pick something that is worthwhile and not a bogus degree.

@@eyevincast5440 it doesn't matter if you have the degree is just about having luck to get a job you could have a degree is fashion designing but still not get it

No it doesn't. I went two years. I'm not incarcerated I have a good job and have my home paid for. I'm clear of debt just entering my 30s. Forget the corrup universities.

@brio The criticism of SJW degrees is just shorthand for conservatives questioning the worth of high-priced degrees. When I went to college 20 years ago tuition for undergrad at a State Univ was still reasonable. ($3000 per semester) Grad school was more expensive and had a higher earning potential. Now undergrad costs as much as Grad School did and graduates have the same earning potential as undergrad 20 years ago. That Seems like a very poor investment. That's why many of us are encouraging our kids to starry at Community College. Costs are much more reasonable and you'll get a degree that gets you an entry level job in a career field. Then you can work your way up in work and education.

eyevin cast a trap degree 😂😂😂 honestly some of those degrees need to be eliminated 🤦🏾‍♂️🤦🏾‍♂️🤦🏾‍♂️

the govt is controlled by bankowner,they wanna make profit from student load

It's same bs as the 2008 crash. You hand out loans to naive 17 and 18 year olds that they now can't default on for bad degrees (unlike a mortgage where you can foreclose). You then create an oversupply of educated people who can't get a job with their sociology degree and pay back their debt. College prices are still artificially high because of the govt.

And Bernie's answer is to shift the burden to the taxpayers. That will only increase the tuition cost.

@@1990notch Bernie's answer doesn't include collage pay at all if I remember correctly. He wants to increase the tax on high incomes and use it to help the USA in its education. No student will pay for a 4-year Bachelor's degree if he would get the bill passed.

@@assassindancer914 The reason college is so expensive is because the government is involved in giving loans to young people that likely will not be able to pay it back. That's what the government did leading up to the 2008 economic crash with "stated income" home loans through Fannie Mae and Freddie Mac. Anytime the government gets involved this way it always turns out badly.
There are not enough "millionaires and billionaires" as Bernie likes to say, to pay for everyone to attend college. So the middle class will also pay for student debt. This agenda is classic socialist and Marxist talking points. Today it's "free" college, "free" health care. Later on after they've destroyed the economy and people are starving, it will be "free" housing and food for all.

Swirls URLs and if it’s local stay with your parents. I just have to pay $50 a month for groceries.

yep did exactly this...went to a community college...made sure every single credit was transferable to my LOCAL state college...got a BS in Information Technology with $6,000 in debt...paid it off in two years (yeah I took my time paying it off)

I also transferred, and took a wee loan--2K, and graduated from a competitive public university. Paid it off and happy I made that decision :-)

The military schools like West Point and Naval are free. They just require a 5.5 year active duty commitment and you're not paying for anything. There are ways to go about, but you have to find them..

not always possible. some areas offer really crappy community colleges. the area I grew up in had a nearby community college in a drug infested area.

Yeah. Just imagine. Would you loan $60,000 to an 18-year-old? But banks do it in a heartbeat.

I kind of agree, But the big difference is student loan debt can't be washed away in a bankruptcy, so less risk.

Matt yep indentured servitude.

There is no difference in result, both end up homeless

solution, dont go to college, you should see how many of these poor suckers think college is the only option if they want a good paying job, thats the real crime a k-12 school system that drills into their heads that they need to go to a 4 year college

Same here. I can't believe my luck in this case.

where did/do u study?

@@fzxfzxfzx University of Wisconsin Madison. I’m a in state student, so it’s in state tuition and there was a pretty good financial aid package along with other scholarships i applied from my high school and different organizations.

@@MelonXin I see
im low income gonna be a senior and my academics r pretty nice but the amount of options for college or post-graduation in general are overwhelming me😭 I shld be looking more into scholarships instead of being so paralyzed by fear and overanalysis

@@fzxfzxfzx definitely look into scholarship options. I know a lot of state universities have really good financial aid package for both in and out of state students, but they do tend to give more to in state students. My “in state” status helped a lot with my financial aid package. I believe most universities have online financial aid calculator, go and take advantage of that! You will get a sense of what you might be paying (or not). My high school was able to pay for all my application fees, if that’s something your school does, go and apply for whatever schools you are interested in. It gives you more options and if money I’d really a problem, you can pick base off of the financial aid packages you are offered. I’m not sure if this is the best advice, but that’s what I did and I would say I was pretty fortunate to have a good state university so it wasn’t a hard choice for me. Best of luck to you!

Definitely a smart move.

well what I understood from this is (correct me if I m wrong guys), that students who are paying more money is because they are actually paying the Tuition of a Scholarship student not their own... at one point of this Video the person said that you are paying the Tuition of your fellow Students(which I believe are the ones with a Scholarship).

Agreed. I thought they were going to do a breakdown of college budgets and show where the money goes. Like X% goes to scholarships, X% goes to building maintenance, X% goes to staff etc...

@@emilieb3244 have to hide where the money is being siphoned off to who's pockets somehow

In my opinion they did answer it..

What if I go to to a cheap in-state public school first?

Frost Blame the schools, it’s business - capitalism

@@xuyizhen00 Actually it is isn't capitalism. Prices fall in capitalism. Competition gives you a better product at a lower price in a capitalism. The current system is socialism where loans are subsidized and not priced off risk.

Danial Cheema That’s a good choice. Especially if your high school grades are up to par and you’re going to a state school in the state you reside in. Then you could get state grants that could total more than your tuition costs, so you don’t have to be completely without funds when you’re given the remainder.
Source: That’s what I’m doing right now as a Freshman.

I did this in a way, I went to a community college and then when I graduated, I was able to get a 20k scholarship to go to a private school. It actually ended up being 4k cheaper a year to go to the private versus the state school I was looking at. This is just my experience, but I was so surprised that It ended up being cheaper!

Or, study outside the US

You saw it too!

life is hard and sometimes you are overcome by the glitz nd glam ora prestige college and hey i got in maybe i am right for this

She probably went for a whole year and called it a few months

@@AndyCondon117 you gotta pay tuition for the upcoming semester during the start of the semester. So if yearly tuition is $50k then $25k due in August/September and $25k due in January/Feb.

Millenials do

Baylie Trout what?

That example was just from 1 person, I should expect such a low brow comment from some chick with rainbow hair

@Daniel Garvey most does not. Most goes into shareholders pockets. The government does. Or loan money, they only guarantee the loan.
You can get a home loan for 3-5%. Student loans are over 10%. Some approach credit card levels.

​@Cbeddoe19 How about we subsidize the poor kid learning the trade too? Imagine not having to pay for trade school! That's one step closer setting everybody free.
Nobody should have to pay through the nose or jump through hoops to earn a decent living. What we have here and now is a racket.

@@tony_25or6to4 home loans are cheaper because the home is offered as collateral, which means lenders typically lose less money if the home goes bad. Because student loans are often much less secure than home loans, interest rates have to be higher to reflect that risk. I think college needs to be more accessible, but the people who lend money aren't (completely) just money hungry. They have to cover their asses.

Y'know a lot of top colleges i.e. Stanford, attempt to keep their campuses a bit more diverse by making it less possible for more privileged students to simply buy their way into college. Check out their website for details.

​ Cbeddoe19 You've succeeded in spite of the world around you. That's great for you (seriously, no sarcasm), and tragic for society. Your success doesn't hurt anybody. You're not the bad guy. We have a system that is actively resisting most people's efforts to earn a decent living, let alone become successful.
I just want the problem fixed. I don't care whether the government is involved or not, or how much.
People shouldn't have to do all of what you mentioned to earn a decent living. There shouldn't be any expensive schools or overpriced cities.
People shouldn't have to "fight" or "get out." A decent living for all should be the baseline, not a reward.

3 years ?! thats insane. here in germany i pay 250-300€ per Semester so 1500-1800€ for the whole bachelors degree and you get free public transportation within it.

@@falkj.beinker6561 same in France

And that's for those Places in which you actually PAY for college other Places you get paid

@@falkj.beinker6561 Free public transportation with it is actually pretty sweet I have to admit

No one says you have to go to college in the United States! There are other options.

Same here in Argentina, thats why im taking the chance and doing two majors, anyway America has better economy than our countries hah

@@benjaminrecalde7628 what is the point thay have good economy but poor people alot homeless in one city 60.000
I think the economy for 1% of the people and the 99% just like 3rd world

@@Dima-px6pr too true. We live in golden cages. Most of us are in debt to the eyeballs living in places that look nice. Just drowning in debt.

@@Dima-px6pr do you know how 3rd world countries live ?

In Brasil, we have both private and public colleges, but differente from the USA, the public ones are better and more vallued, because you actually have to deserve being there, instead of paying for it. But one problem with it is that getting in those colleges is SUPER competitive, because there are very few spots. Like, to get into med school in a Federal college, it's nearly 600 people to one spot. So what's happening lately it's that some brazilians, specially the ones that weren't smart enough to get in a brazilian college move to other countries, specially Argentina, where it is ridiculously easier to get accepted.

I'm pretty sure college is just the american term for university I don't think there are many places where you have to pay for european college level education

Nun ja aber Semesterbeiträge kosten auch was und BAföG ist quasi, auch wenn du da dich glaub ich nicht so hoch verschulden kannst, in gewisser Maßen ein Kredit der zurückgezahlt werden muss. Aber du hast Recht mit der Tatsache, dass zur Uni zu gehen hier zumindest deutlich günstiger ist.

U mean that if I want to study music interpretation in Germany, It could cost way more cheaper than US?

@@chrisvelas3213 believe it

Freakygirly da musst du dich bei den Verkehrsbetrieben bedanken. Ansonsten wären das auch nur „50€“.
BAföG ist aber ein zinsfreier Kredit. Das ist nochmal ein Riesen Unterschied.

100% agree. Community college for 2 years then transfer to in-state public university for last 2 years.... and make sure that the last 2 years is only 2 years. I've heard many stories of people transferring to universities, only to spend another 3-4 years there because they enjoy the college life.

I agree with you. Going to an expensive college for your basics is stupid. I earned a lot of colleges credit in high school and then did online before I paid a ton

Very true. I'm paying like $500-600 dollars for 12 credit semester at a community college.

Or end up getting certifications in technical trade programs in CC instead of transferring just like I did

I agree with going to community college first, HOWEVER, double-triple -quadruple check that classes will transfer. I added on a whole extra semester because of bad academic advisors and a lot of confusion

Exactly what i did, im getting 3 degrees from 1 college for 1/3 of the average cost to get one. Also because i worked from 15 to now, (im 19, 20 in april), i will have zero debt

My community college doesn't offer my major. Furthermore, the more people who go to community college the more expensive it will become.

@@totallynotme6720 if you're picking a major, make sure it pays back. Don't listen to the "just pick what you're happy with". You need a degree that will pay your bills.

I'm considering that

@@stansman5461 Management Information Systems with an emphasis on accounting. (might even minor in accounting). Honestly wish I could go to community but the closest one that offers it is half the state away and I have to stay to take care of my mom. As for prerequisites I already have most from taking them in HS. Currently finishing them.

There are people who go to school eating nothing too. There are people who work and save up for the book. I had several jobs in college and I saved up over the winter break and summer break for all the big expenses. But inflation now makes things much harder for sure.