There are colleges that that have low out of pocket. A former alumnus paid for my university education. The college would not lower their prices since it is paid, with or without loans.
The theory is that it is based off of income so if you're paying full price your parents have enough income for you to never go broke. Maybe they can't pay for it but they can help enough where it is not scary.
I'm English, and I find the idea of core classes at University ridiculous. Over here we're three years in and out (unless you're doing medicine or a year in industry), I have no idea why another year would be of any use.
US High School is a much lower standard than A Levels for specific subjects. Because they cover breadth the specific knowledge they start college with is quite weak. However they tend to be much better rounded that English high school leavers.
@@funkbros3141 Trust me I don't mean it like that, I'd love to emigrate to America one day as I greatly admire most parts of your society. This is just one issue that strikes me as bizarre.
Median and average are not the same. Median is the mid point of the highest and lowest where average is all combined and then divided amongst all the inputs.
Median is a average. It’s median average. What you described is mean average. There is a third average called mode. Mean, median, and mode may each have a different answer but each method is a average. All three are legitimate.
@@DextahPC Married couples with children under 18 years of age, according to the Census Bureau's Current Population Survey (Table HINC-04), made an average household income of $107,054 in 2013 and a median household income of $85,087.
@@DougAlesUSA median and average and mode are extremely different data points in a data set. In the commonality of words I see your point, but the numbers cannot be considered all the same.
@@mxerb5912 no one is forcing them but society has been backing the ‘get a degree’ drum for decades. If adults at every turn say ‘get a degree, it gets you a good paying job’ people are going to listen because it sounds like the reasonable and expected thing to do
I make $45,345 before taxes and owe $81k on my student loans. That's it for my household. I have a wife and daughter and after taxes and expensive employer sponsored health insurance, I bring home $1,069 every two weeks. I have a second job to make up for the rest of what I need. So the $78k is not what I make.
Can your wife get a job instead of you having two? Otherwise you will miss out on precious time raising your daughter. You can split the household chores and work responsibilities together and still have time to build bonds with your child.
Why is this new to everyone? Higher education was always about something other than education: professors doing research and teaching was an after thought, now people surprised it is all about dollars.
@@SDALLE99 except christianity is the bedrock in which our republic rests...our freedoms and bill of rights are UNDER GOD and implemented by the smartest christian men to ever live on this planet...and created the best capitalist society there has ever been...
I agree with that assessment. I still think that core courses should be offered in college, but not required. Students are supposed to learn cores in K-12
You guys are so right about informations with loan's debt. Now a days, college's are more interesting to push the student loan's on you than to tell you about scholarships. My personal experience, going to school financial aid had pay half of my class's and I had to come up with the rest B.S Degree. This year I'm graduating 🤪 🙌 with no student loan. Do your research frist, take control of your life to be free.
Another appalling thing about this is that the schools are paying faculty less and less, and hiring armies of underpaid, overworked adjunct professors and are avoiding tenure track positions like the plague, not that anyone actually undertakes to avoid the plague.
Here in the U.K. you can either get a degree or an apprenticeship. Both will land you a job but the different is the type of knowledge and experience you build. What I appreciate with apprenticeships is that you can still get a degree if you are with a good company but it’s a slog and you are tied in for a few years. Uni gives you a degree, more soft skills, and a larger network… which one is better for you?
I agree with Ken the time to focus on base knowledge of history and science is during the K-12 years. Once someone is in college and paying to learn they shouldn't have to pay for anything that isn't helping them get to their desired careers and helping them get along in life like career planning, planning for retirement, home ownership, etc.
@Polo Jack lots of high school students on reflection wish this was taught but at the time have no interest because it does not apply to them - as they live at home with no bills. Hi parents - step up! We live in the internet age. Step one to teach your kids - 100 percent disposable income does not exist so invest 90 % of your after school job and use the 10% to save up to buy something.
@@clarifyingquestions I think this hits the mark. Even if it were taught in HS, which it isn't, kids wouldn't really care. I care A LOT about my personal finance, even obsessively so, but I don't think I would've really cared at all back when I was 16 or so. Maybe I would've liked to know more about college, specifically what I wanted to study (i switched majors).
He setup college accounts for this grandchildren...GRANDchildren. So, my question: Why aren't the parents paying for college? Hint: He answered that question. College costs too much.
A bi-partisan bill was just introduced to re-start bankruptcy laws for student loans, after 10-years of "repayment". In 1970's, 1980's, student loans were discharged through bankruptcy after 5-7 years.
College is a gamble. Pay the money for the education and time - and if that gets you a job at McDonald’s - that’s your issue. Now time to pay for that tuition that you signed to pay
So happy to live in Denmark, free school, collage and university. Everyone can be a doctor, lawyer, hairdresser or whatevery everything is free. So you dont need af studentloan or rich parents. You even get 1000 usd a month to study if your live for your self and about 200 usd og you live at home. But yes we pay minimum 39% tax.
I absolutely hate that young adult college students have to use their parents income to qualify or not for college cost assistance. It causes some kids to graduate financially free of college debt and others to graduate with so much debt because their parents make to much money. Those students parent’s do not always pay for their child’s tuition. So why on earth should young adults have to use their parents income. It should be fair around the board for all young adults who want to go to college to get some assistance.
Totally agree. My dad easily could have afforded to pay for my school, but he believes it’s a financial investment and that it was my responsibly to pay for it (and I agree). Thankfully I was able to use my moms income to help me qualify for pell grants. If I had to use my dads income I would have had no financial assistance and likely wouldn’t have gone to college. It’s a completely unfair system.
Simple, just get scholarships. My parents could have afforded it but they never had to pay because I work hard to get a full scholarship. Each person is responsible for their own future. And if you can’t, maybe higher ed isn’t for you.
They've got options tho, when you turn 18 you move out, claim yourself and then college is next to free. Or you get an employer that covers tuition, and always go for the cheapest option likely community college. Most employers don't care you went to a fancy college. School is very affordable if you go one of these routes.
@@user-jy7yw5kw3w some parents that still help their kids out financially (even if it’s not directly related to college tuition) will still claim their kids. It’s not always that easy, even when it seems like it is. I agree there is always a way to make things work in the end, but sometimes it’s harder than it should be.
@@mikaylalange3228 that's where a parent messes up, them claiming you to get a few thousand dollar write off is not worth their kid going into debt paying 20 30 40 50k+ in loans.
There are a number of junior colleges that have begun working with area colleges and universities to offer select Bachelor’s Degree programs through the university at the junior college campus. This is taking a person through a typical junior college certificated or Associate’s Degree program, augmenting it with upper-division coursework, and leading to the university Bachelor’s Degree in a major not offered on the university campus. I know of colleges and universities offering these opportunities in Arizona, California, and Illinois. This is so much more affordable, especially for lower-income or self-supporting students.
Married couples with children under 18 years of age, according to the Census Bureau's Current Population Survey (Table HINC-04), made an average household income of $107,054 in 2013 and a median household income of $85,087.
@@aolvaar8792 is this specifically for people with children under 18 years of age? Because when you look it up this is what we get “In 2018, the US Census Bureau reported that 2017's “real” average household income stood at $61,372. This figure represented a 1.8% increase from 2016, when it stood at $60,309. This was the second consecutive year this figure increased nationwide.”
The sad thing(s) about History is that not all of is being told. The so call Basic History Lessons will not discloses all of history even and up to college. Especially, in relation to the West.
If colleges told the truth about Rate of Return on the degrees offered the price of the low pay degrees would drop dramatically. And if the colleges co-signed student loans the quality would improve.
So what is the problem if you can pay off your loans if the degree you get gives you the job that allows you to pay off your loans? Speaking from having three degrees. The first degree I had to pay off and it was a STRUGGLE. The next two paid themselves off with a higher income, and so I was able to pay off all three with my income from the second. Just pick the right field that you love and that pays.
I loved my custom degree at university where I took my tech certification and put it with my associates. There are more partnerships like that but they do not ever advertise them well.
Honestly, I believe there need to be more finances classes about how loans work in general at the high school level. That way when students go off to college and hear about student loans, they might think twice. Speaking from experience, I took a lot of math classes that I just do not use today. I know all of this because I did the wrong thing or I saw something else do the wrong thing first.
Flipped burgers full time and studied engineering. No loans. Did not have the time or energy to put into the non curriculum courses. Those courses should have been dealt with in high school. Paid $1000s to sit in full 200 seat classes for what is on you tube.
Look into the idea of value-add versus selection. Colleges don't even teach that much. They just scoop up smart kids. What we need is employers competing with colleges. Hire kids right out of HS based on what colleges accepted them. Let them take some online classes for some portion of time. Harvard makes curriculum available for free via EdX.
Diploma mills are rampant in the USA. I went to a diploma mill and was burnt for 50K and their degree was not worth the paper its printed on. It was my OWN fault for taking on so much debt but I definitely don't want that for my kids. I will steer my son away from any debt related to education. The military is a great option for kids that don't want to borrow to go to school, also apprenticeships are better than a piece of paper reminding you that you lifetime borrower. I do understand doctors and very specialized careers require higher education training, but please let find a humane way of not saddling our you generation with so much debt and ruin their futures.
Think about the baby emergency fund carefully. His thousand dollar limit hasn't changed in over thirty years and Canadian dollars are not the same as US dollars. Otherwise, yes, the principles and steps will work.
I’m starting to see why Ken gets such a hard time in the comments. There are electives and courses that have nothing to do with your degree that add value. It’s called being “well rounded”. Some people have found their calling in an elective. The issue is the overall cost. Not the curriculum. Or just overall stupid degrees.
Lol, because it IS about big business, not education. The United States education system teaches you how to work under someone, not for yourself. Stay woke.
So that’s your interpretation Ken. He said he wanted to “help” by giving loans because these people can’t afford it. But your interpretation is not inaccurate. It’s INSANE how they are giving loans and make it Normal ! Then the Colleges have NO REASON to lower their PRICES!!!
Absolutely shocked at how easy it is for an 18 yr old student to get a loan to cover their entire school experience. If you cant afford it, you shouldn't go.
The only problem with that is it leads to 90% of the population not being able to go to college, the boomers and gen x used this program and had huge success, it just hasnt worked out for the millenial generation. Statistically the higher the education the more your make on average.
Median and average are not the same. Might want to re-take statistics 101, especially if you’re telling people what to do with their money. Sorry but it’s true.
I started my Apprenticeship in 1998. During that time We we’re told that you had to go to college or you would be broke. Well fast forward 23 years I’m still in the trades and now I’m a Millionaire, with No Debt.
Flawed thinking that we need an education system to teach us about the world. Collective thinking can be enhanced through our own self will, and a bit of curiosity. Just give me the core subjects I need to succeed in my specific career path.
@@funkbros3141 I disagree, My High end engineering degree got my first job in 1980, ($100K/yr). I retired early on multiple pensions, and now I raise small children.
You all need to think about what you’re saying. If college tuition drops, their returns drop, which hurts mutual funds, and you can kiss a chunk of your retirement bye bye.
Not how this works. If the college is a traded company then yes their stock will drop alongside revenue. If colleges have less money coming in then they just can't invest as much... And it's not like this money is lost, it's just not given to them.. plenty of retail traders and college students on WSB who'd have a Feild day reading that money
@@edenk3500 Many colleges, although being public institution and private corporation, do own subdivisions/projects that are publicly traded. Also, for-profit colleges are traded, and they are the biggest driver in student loan
Ken Coleman sounds like a guy whose main goal was to hear himself on the radio. Oh wait, I think that’s true. And the more stats he cites, the less authoritative he seems.
If you capped student loans at 15k a year, college would drop their prices to between 15k and 20k a year.
A cap per year is definitely needed.
There are colleges that that have low out of pocket.
A former alumnus paid for my university education.
The college would not lower their prices since it is paid,
with or without loans.
There is a cap, and it isnt even 15k. Its like 10k for seniors and 6k for freshmen.
@@evanb4189 There is no cap for private loans when you have a parent as a guarantee.
The theory is that it is based off of income so if you're paying full price your parents have enough income for you to never go broke. Maybe they can't pay for it but they can help enough where it is not scary.
The endless student loan availability is a big reason why college cost increase so fast
Exactly this. Schools know the kids will get the loans. No reason for them to be better than the next school or keep prices low.
the feds took it over under obama.
I moved abroad for my undergrad and graduate degrees. Debt free because of it. ❤️My entire education was between $1500 and $2000/yr
If I may ask... Where did you go?
Can you work in USA with your degree?
College is a business with an education costume.
Indeed that's why I attended a City University of New York. Paid less than 6k per year and graduated with no debt.
Stop giving new student loans and the prices will drop overnight.
It's almost as though USA's entire education system needs an overhaul.
It turns out that using tax payer dollars to subsidize entire industries cause prices to skyrocket. Who knew
I'm English, and I find the idea of core classes at University ridiculous. Over here we're three years in and out (unless you're doing medicine or a year in industry), I have no idea why another year would be of any use.
We stopped taking advice from british 1776 but thanks 🤡
I agree. Just get to the meat and potatoes of what you need for your degree and be done with it.
US High School is a much lower standard than A Levels for specific subjects. Because they cover breadth the specific knowledge they start college with is quite weak. However they tend to be much better rounded that English high school leavers.
@@funkbros3141 Shame about being thrashed by them in 1812...but all water under the bridge eh?
@@funkbros3141 Trust me I don't mean it like that, I'd love to emigrate to America one day as I greatly admire most parts of your society. This is just one issue that strikes me as bizarre.
John said “so fresh and so clean clean” I see you bruh 😂😂😂
I wonder if the co-host understood that it was a lyric from a song.
@@cutenobi he absolutely did not catch that 🤣🤣
I did a double take on that, like, "Did John just drop an Outkast lyric?"
Median and average are not the same. Median is the mid point of the highest and lowest where average is all combined and then divided amongst all the inputs.
Median is a average. It’s median average. What you described is mean average.
There is a third average called mode.
Mean, median, and mode may each have a different answer but each method is a average. All three are legitimate.
Yea.. I don't think 70k or whatever he said is the median. Might be the mean though.
@@DextahPC Married couples with children under 18 years of age, according to the Census Bureau's Current Population Survey (Table HINC-04),
made an average household income of $107,054 in 2013 and a median household income of $85,087.
@@aolvaar8792 is that before or after inflation?
@@DougAlesUSA median and average and mode are extremely different data points in a data set. In the commonality of words I see your point, but the numbers cannot be considered all the same.
It's absolutely sickening that students have to live in their cars or are homeless to be able to afford to go to these crazy expensive universities.
I mean no one is forcing them
Not worth it anymore unless you’re going to to get a degree in engineering or pursuing to become a lawyer or medical doctor.
Their choice.
@@fkillah well law isn’t why it used to be but yes you are correct 100%
@@mxerb5912 no one is forcing them but society has been backing the ‘get a degree’ drum for decades. If adults at every turn say ‘get a degree, it gets you a good paying job’ people are going to listen because it sounds like the reasonable and expected thing to do
If I was an employer I would kill for competent people that are not freaking out because they are over their ears in debt
I think you can train people to do technology right out of HS like they did 30 years ago. Ive been saying this for years.
I make $45,345 before taxes and owe $81k on my student loans. That's it for my household. I have a wife and daughter and after taxes and expensive employer sponsored health insurance, I bring home $1,069 every two weeks. I have a second job to make up for the rest of what I need. So the $78k is not what I make.
How can you afford rent with that pay?
Can your wife get a job instead of you having two? Otherwise you will miss out on precious time raising your daughter. You can split the household chores and work responsibilities together and still have time to build bonds with your child.
Why is this new to everyone? Higher education was always about something other than education: professors doing research and teaching was an after thought, now people surprised it is all about dollars.
Communist indoctrination camps
A couple generations ago it was affordable to go to college. I doubt anyone unless they're like the CEO of Salliemae and is out of touch are surprised
@@funkbros3141 you mean like the church?
@@SDALLE99 the church...really bruh 🤡👶⚒
@@SDALLE99 except christianity is the bedrock in which our republic rests...our freedoms and bill of rights are UNDER GOD and implemented by the smartest christian men to ever live on this planet...and created the best capitalist society there has ever been...
Core classes are a waste of time in college, classes focused on my major were important to at least me
I agree with that assessment. I still think that core courses should be offered in college, but not required. Students are supposed to learn cores in K-12
I agree...75% of my ASIT curriculum was primarily core classes.
I love how these colleges build water parks saunas night clubs yet we give then billions in tax dollars.
You guys are so right about informations with loan's debt. Now a days, college's are more interesting to push the student loan's on you than to tell you about scholarships. My personal experience, going to school financial aid had pay half of my class's and I had to come up with the rest B.S Degree. This year I'm graduating 🤪 🙌 with no student loan. Do your research frist, take control of your life to be free.
Not mentioned they dont let you sign up for classes every semester until u pay the debt or get loans...
Another appalling thing about this is that the schools are paying faculty less and less, and hiring armies of underpaid, overworked adjunct professors and are avoiding tenure track positions like the plague, not that anyone actually undertakes to avoid the plague.
Here in the U.K. you can either get a degree or an apprenticeship. Both will land you a job but the different is the type of knowledge and experience you build. What I appreciate with apprenticeships is that you can still get a degree if you are with a good company but it’s a slog and you are tied in for a few years. Uni gives you a degree, more soft skills, and a larger network… which one is better for you?
I agree with Ken the time to focus on base knowledge of history and science is during the K-12 years. Once someone is in college and paying to learn they shouldn't have to pay for anything that isn't helping them get to their desired careers and helping them get along in life like career planning, planning for retirement, home ownership, etc.
Financial literacy classes for students is a great way to teach them about managing their finances
Thanks Captain Obvious
@Polo Jack lots of high school students on reflection wish this was taught but at the time have no interest because it does not apply to them - as they live at home with no bills. Hi parents - step up! We live in the internet age. Step one to teach your kids - 100 percent disposable income does not exist so invest 90 % of your after school job and use the 10% to save up to buy something.
This should be taught in jr. high and high school. Not the BS indoctrination that is taught now.
@@clarifyingquestions I think this hits the mark. Even if it were taught in HS, which it isn't, kids wouldn't really care. I care A LOT about my personal finance, even obsessively so, but I don't think I would've really cared at all back when I was 16 or so. Maybe I would've liked to know more about college, specifically what I wanted to study (i switched majors).
Don't let the hat trick fool you The "average" family home income was 61K and 2018 there's no way it's boosted to 70k.
He said the median was $78,500. I have not seen a single study with an estimate that high. No idea where he got that number from.
He setup college accounts for this grandchildren...GRANDchildren. So, my question: Why aren't the parents paying for college? Hint: He answered that question. College costs too much.
A bi-partisan bill was just introduced to re-start bankruptcy laws for student loans, after 10-years of "repayment". In 1970's, 1980's, student loans were discharged through bankruptcy after 5-7 years.
Something tells me that Dave Ramsey wouldn't tolerate this conversation.
Tuition is rising more than double the inflation rate. A total crime if you ask me.
College is a gamble. Pay the money for the education and time - and if that gets you a job at McDonald’s - that’s your issue. Now time to pay for that tuition that you signed to pay
So happy to live in Denmark, free school, collage and university. Everyone can be a doctor, lawyer, hairdresser or whatevery everything is free. So you dont need af studentloan or rich parents. You even get 1000 usd a month to study if your live for your self and about 200 usd og you live at home. But yes we pay minimum 39% tax.
Everything is free but we pay min tax at 39%😂😂
I absolutely hate that young adult college students have to use their parents income to qualify or not for college cost assistance. It causes some kids to graduate financially free of college debt and others to graduate with so much debt because their parents make to much money. Those students parent’s do not always pay for their child’s tuition. So why on earth should young adults have to use their parents income. It should be fair around the board for all young adults who want to go to college to get some assistance.
Totally agree. My dad easily could have afforded to pay for my school, but he believes it’s a financial investment and that it was my responsibly to pay for it (and I agree). Thankfully I was able to use my moms income to help me qualify for pell grants. If I had to use my dads income I would have had no financial assistance and likely wouldn’t have gone to college. It’s a completely unfair system.
Simple, just get scholarships. My parents could have afforded it but they never had to pay because I work hard to get a full scholarship. Each person is responsible for their own future. And if you can’t, maybe higher ed isn’t for you.
They've got options tho, when you turn 18 you move out, claim yourself and then college is next to free. Or you get an employer that covers tuition, and always go for the cheapest option likely community college. Most employers don't care you went to a fancy college. School is very affordable if you go one of these routes.
@@user-jy7yw5kw3w some parents that still help their kids out financially (even if it’s not directly related to college tuition) will still claim their kids. It’s not always that easy, even when it seems like it is. I agree there is always a way to make things work in the end, but sometimes it’s harder than it should be.
@@mikaylalange3228 that's where a parent messes up, them claiming you to get a few thousand dollar write off is not worth their kid going into debt paying 20 30 40 50k+ in loans.
Just like the spike in housing. Subsidize the ability to borrow debt and the prices go up.
Community colleges and technical schools could break this especially if they add on programs.
There are a number of junior colleges that have begun working with area colleges and universities to offer select Bachelor’s Degree programs through the university at the junior college campus. This is taking a person through a typical junior college certificated or Associate’s Degree program, augmenting it with upper-division coursework, and leading to the university Bachelor’s Degree in a major not offered on the university campus. I know of colleges and universities offering these opportunities in Arizona, California, and Illinois. This is so much more affordable, especially for lower-income or self-supporting students.
Where are they getting that the medium is 78k ?????
Married couples with children under 18 years of age, according to the Census Bureau's Current Population Survey (Table HINC-04),
made an average household income of $107,054 in 2013 and a median household income of $85,087.
@@aolvaar8792 is this specifically for people with children under 18 years of age? Because when you look it up this is what we get
“In 2018, the US Census Bureau reported that 2017's “real” average household income stood at $61,372. This figure represented a 1.8% increase from 2016, when it stood at $60,309. This was the second consecutive year this figure increased nationwide.”
do an ROTC program where a corporation trains and the person has to stay with the corporation for a certain amount of time or pay
OJT.. you never hear that term anymore. We should be hearing it again and hopefully soon. And free community College would be good too.
Who’s gonna pay for free community college?
Your mom lol
Purdue University froze tuition for more than a decade.
College professors making $200k + annually and teaching only one class.
tell that to my friend who started at $45K a year in a full-time tenure track position.
In the UK we have degree apprencticeships - you work and study - no fees and you get a training salary.
The sad thing(s) about History is that not all of is being told. The so call Basic History Lessons will not discloses all of history even and up to college. Especially, in relation to the West.
If colleges told the truth about Rate of Return on the degrees offered the price of the low pay degrees would drop dramatically. And if the colleges co-signed student loans the quality would improve.
Some school systems can't afford toilet paper or books for every student. The problems start at K-12.
So what is the problem if you can pay off your loans if the degree you get gives you the job that allows you to pay off your loans? Speaking from having three degrees. The first degree I had to pay off and it was a STRUGGLE. The next two paid themselves off with a higher income, and so I was able to pay off all three with my income from the second. Just pick the right field that you love and that pays.
I loved my custom degree at university where I took my tech certification and put it with my associates. There are more partnerships like that but they do not ever advertise them well.
TIAA ad played right after this! 😏
The balance of the collective knowledge is free universal high school. We already have that it is called the public school system!
They should of had Dave did this one! He would of been calling the CEO all kinds of “stupid” 😆
Dr John guy is a legend
Honestly, I believe there need to be more finances classes about how loans work in general at the high school level. That way when students go off to college and hear about student loans, they might think twice. Speaking from experience, I took a lot of math classes that I just do not use today. I know all of this because I did the wrong thing or I saw something else do the wrong thing first.
Or better ideA dont go to college!
You can’t buy a house without all these requirements but here’s a 250k loan enjoy
My mortgage in 2013 was 190K
It took full time employment for me to pay my way through CC in early 2000s
Flipped burgers full time and studied engineering. No loans. Did not have the time or energy to put into the non curriculum courses. Those courses should have been dealt with in high school. Paid $1000s to sit in full 200 seat classes for what is on you tube.
Look into the idea of value-add versus selection. Colleges don't even teach that much. They just scoop up smart kids. What we need is employers competing with colleges. Hire kids right out of HS based on what colleges accepted them. Let them take some online classes for some portion of time. Harvard makes curriculum available for free via EdX.
Al Lord was on the Penn State Board Of Directors so he there watching the tuition go up, up, up
It would be great if higher ed actually educated people instead of indoctrination.
University used to be about teaching people how to think, not what to think.
Ramsey training certificates/continuing Ed coming!!!
Dr. D quoting Outkast lol
Diploma mills are rampant in the USA. I went to a diploma mill and was burnt for 50K and their degree was not worth the paper its printed on. It was my OWN fault for
taking on so much debt but I definitely don't want that for my kids. I will steer my son away from any debt related to education. The military is a great option for kids that
don't want to borrow to go to school, also apprenticeships are better than a piece of paper reminding you that you lifetime borrower. I do understand doctors and very specialized careers require higher education training, but please let find a humane way of not saddling our you generation with so much debt and ruin their futures.
There are affordable schools to choose from.
Community college is affordable and convenient and then you can transfer to uni
Anyone know if his baby steps work for a Canadian? I imagine they would but with different terms when it comes to the investment part.
Think about the baby emergency fund carefully. His thousand dollar limit hasn't changed in over thirty years and Canadian dollars are not the same as US dollars.
Otherwise, yes, the principles and steps will work.
As a business model, you have incentive to create your own school or church to avoid taxes
Yes, Dr. D serving up some Outkast.
I’m starting to see why Ken gets such a hard time in the comments. There are electives and courses that have nothing to do with your degree that add value. It’s called being “well rounded”. Some people have found their calling in an elective. The issue is the overall cost. Not the curriculum. Or just overall stupid degrees.
Need to apply a Loan to Value test like they do when asking for a mortgage
They give mortgages like candy
Student loan are non-bankruptable, so why not give out as many as they can
Did he say the median is the average? 🤦🏼♀️
the purpose of a degree was never intended to be job training; it's about teaching people how to be good citizens.
Lol, because it IS about big business, not education. The United States education system teaches you how to work under someone, not for yourself. Stay woke.
So that’s your interpretation Ken. He said he wanted to “help” by giving loans because these people can’t afford it. But your interpretation is not inaccurate. It’s INSANE how they are giving loans and make it Normal ! Then the Colleges have NO REASON to lower their PRICES!!!
Can I buy stock in colleges? Lol
How about people don't go to college for useless degrees that cost them $100K in student loans!
Wow!!
Median ≠ Average
Mean = Average
That storms far off.
I've never seen the two of them together! Awesome!!
Accountants don't have to go via uni. You can do CIMA ACA or ACCA these are global bodies
How much college do you need to be an Amazon picker?
Not my fault people are dumb with the degree they choose u borrowed time to pay it back
Absolutely shocked at how easy it is for an 18 yr old student to get a loan to cover their entire school experience. If you cant afford it, you shouldn't go.
The only problem with that is it leads to 90% of the population not being able to go to college, the boomers and gen x used this program and had huge success, it just hasnt worked out for the millenial generation. Statistically the higher the education the more your make on average.
Median and average are not the same. Might want to re-take statistics 101, especially if you’re telling people what to do with their money. Sorry but it’s true.
The median is the middle of the group. Mean is the average.
I started my Apprenticeship I’m 1998
I started my Apprenticeship in 1998. During that time We we’re told that you had to go to college or you would be broke. Well fast forward 23 years I’m still in the trades and now I’m a Millionaire, with No Debt.
These two are the worst. Sorry, Dave, your financial legacy will struggle after your loss.
He said median = average, which it does not
Yeah I have never heard that the median income is 80k
I call bull on American kids not knowing about ww2
Flawed thinking that we need an education system to teach us about the world. Collective thinking can be enhanced through our own self will, and a bit of curiosity. Just give me the core subjects I need to succeed in my specific career path.
College does nothing to prep students for work force...
@@funkbros3141 I disagree, My High end engineering degree
got my first job in 1980, ($100K/yr).
I retired early on multiple pensions, and now I raise small children.
@@aolvaar8792 my friend who graduated with an engineering degree is working at lifetime fitness 🤡🤙
It's no wonder that I turned down two degrees in recent weeks
Western Governors University is the solution. Their model is the future b
You all need to think about what you’re saying. If college tuition drops, their returns drop, which hurts mutual funds, and you can kiss a chunk of your retirement bye bye.
Not how this works. If the college is a traded company then yes their stock will drop alongside revenue.
If colleges have less money coming in then they just can't invest as much... And it's not like this money is lost, it's just not given to them.. plenty of retail traders and college students on WSB who'd have a Feild day reading that money
@@edenk3500 Many colleges, although being public institution and private corporation, do own subdivisions/projects that are publicly traded. Also, for-profit colleges are traded, and they are the biggest driver in student loan
💪
99th
Ken Coleman sounds like a guy whose main goal was to hear himself on the radio. Oh wait, I think that’s true. And the more stats he cites, the less authoritative he seems.
jc penny will be going under