The Cost of College in 4 Minutes
HTML-код
- Опубликовано: 27 сен 2024
- Why College is so Expensive:
I’m a lucky guy. I didn’t do so well in high school and didn’t meet the requirements to go to university right off the bat. Instead, I went to Community College, lived at home, worked a part time job, and saved a sh*t load of money. Afterwards I went to a public University and saved even more money. I graduated during a huge recession without debt thanks to my privileged circumstances which allowed me to think less about the money I’d earn after college and more about my interests. That being said, tuition to even state Universities has increased dramatically since I graduated - making the once realistic American dream seem a distant memory for many of us youngsters.
Subscribe: www.youtube.co...
Instagram: / thoughtmonkeyhq
Music: Mono:Massive - Attila
Just how expensive is college?
The website Collegedata.com states that one year at a public University will cost on average roughly $25,000 while at a private University it will cost $50,000. This hasn’t always been the case. From 1984 to 2014 tuition for public universities has increased 225%. And to make matters more daunting, only 19% of students actually graduate at a “4” year university within 4 years - making the majority graduating within 5 or 6 years. And while tuition goes up and it takes longer for students to graduate, on average it takes longer for college grads to earn back what they’ve spent on tuition which on average is at 36 years old. Moreover college grads has been earning less and less over the past 10 years while the cost of college is skyrocketing.
But why?
High education is just like a business. In fact some say that the U.S. Department of Education makes $15 billion dollars in profit from student loans every year. If students stopped taking out loans and going to college, our economy might just collapse.
Universities want to attract students, just like businesses want to attract customers. To do this need to hire the best professors who can conduct research in the most up to date and technologically advanced labs. This is not cheap. The average salary for a professor is $100,000. A lab? Probably a lot more expensive than that. Universities also need to have beautifully built campuses. Again not cheap. Not only do the buildings need to be architecturally aesthetic, but the grounds need to be taken care of and the buildings maintained. Universities also must have attractive amenities like career services, health centers, and even psychiatric availability. All of this costs a sh*t load of money and creates a load of competition between the universities. Consider it like an arms race education style.
But that’s not all. In order to pay for such expenses, universities create high tuition and use financial aid to help those who can’t afford it on their own and take as much as possible to those that can afford it. This is called the Bennett Hypothesis - our government provides loans and financial aid to students, and colleges get their money whether it’s from students who take out loans, get financial aid, or can pay for it out of pocket. If schools know that students have more money to spend, they can raise tuition, and make their campuses more attractive to potential students, which causes more competition between schools. So when the government is providing subsidies for its citizens to go to college -there is more demand for education now that more and more people can afford to go to college - and this in turn encourages colleges to charge more for education and they can increase their marketability by spending that money on professors, campus beautification or improved amenities.
The real question however is - is college worth it?
That I cannot answer. But I will say that going to college has made me widen my perspective and allowed me to pursue ideas that I probably wouldn’t have if I had not gone. College is about your education and an investment that will last you a lifetime. The only answer I can give you is to think about what you are passionate about and do it. If you don’t need a college degree to pursue your passion, don’t go. But if you think college will enrich your life and help you obtain mastery in your passion, then go.
![State of Play | September 24, 2024 [ENGLISH]](http://i.ytimg.com/vi/fVs0suPHAX8/mqdefault.jpg)
People 20 years ago didnt need to take 20 extra classes unrelated to their major to graduate. Now it'$ mandatory.
U don’t have to in the uk and we only have 3 year degrees
Thanks for the Video clip! Excuse me for the intrusion, I would appreciate your initial thoughts. Have you heard the talk about - Ronucast Uncomplicated Recognition (search on google)? It is a smashing one of a kind guide for getting amazing ladies to chase you for sex minus the normal expense. Ive heard some incredible things about it and my buddy at last got cool results with it.
I was talking with my friend and we both laughed at the fact that "when you're a little kid, you want to be a grown up so you can be free. when you're a teenager, you still don't feel free. when you're an adult you wish you were a kid again so you could be free. and when you're finally technically 'free', you're too old to do anything about it and instead sit at home..." meaning that in essence you're never really free.
"short story" lol
Well yes, however if you’re a mature kid you’ll know that time is limited so like right now, I’m trying to find best ways for my education to get paid for, either through the military, band, swimming I have a lot of options right now that I know I can use to my benefit, doing this can make you free and 30-40 or if done wrong late 50s - 70
Or even trade school
The amount of tax money that goes to fund these schools, college should already be free. The cost keep going up and up!..
Brad Bassett Nah, just WAY cheaper.
It's the other way around: no taxes should go to colleges.
But us Americans keep going and going and going... WAKE UP!
We should just cap the price of college
Life is a scam
Jäger faxxx it’s a struggle isn’t it
Or at least the one the TV sells...
@@shekler2758 did you try unplugging and plugging life in. It should work after that.
Ong
well... with a sturdy student loan you need to exept the work you can do without too much complaining, ever thought of that? ... and that for quite a long time aswell.
meanwhile, back here in Europe, i'm facing at 4 years in a very respected university, at no more than 3600 dollars per year...
johan smifthelry what uni is this?😂
I'm looking at university's in the UK.. and I'm looking at around 66,000 for 4 years..
@@SH-bc8il cuz no EU countries won't get that low costs
@@rukna3775 UK is no longer EU. In France the greatest universities are free of tuition. In Netherlands, same. You can go to private unis if you want, which are by no means better, and don't necessarily cost much either. Renowned Utrecht University College costs around 5000 dollars a year in terms of Tuition fees. If you live on campus, anotger 5000 for a whole year. Expensive, yes, but thats because you pay for all the benefits of living on the campus and the courses are still only 5k...
@AtTheRails any that has decent social benefits, ie, France, Germany, Netherlands, Spain, Italy and many more
@@SH-bc8il that is disgusting
tl:dr It's expensive because the government is subsidizing it. Like you said, it's a business so when you subsidize something, you artificially increase demand. When you increase demand, you increase price. Simple version. Oh, and since it's subsidized, it becomes more worthless.
Lol, it is expensive because:
-the American government is enslaved to banks and private interests.
-those so called “liberal colleges” are a disgrace especially, the ones leading those private corporations, who sets the price?
-college students in America are coddled, and dumb. Instead of having a safe space, create strikes spaces and you will see them decreasing the cost of colleges.
I precise that I am on the left but absolutely not an American liberal, they got trump and want to give lessons to the rest of the world while:
50% of homeless in the US leave in California.
Shame on you, for putting more effort in creating safe spaces instead of taking care of business.
You will get trump re-elected you morons.
I went to community college first and worked about 30 hours a week. I made enough money to pay out of pocket for my associates and got Good enough grades to get some good scholarships when I transferred to a four year university. Instead of living in the dorms I just commuted to save the money. I graduated with 6k in loan debt. Yes college is expensive but it’s not that bad if you play your cards right.
Wat was ur major
im doing my freshman year at a CC and gonna work 25 hours a week, then ill be transferring to a 4year for 3 years while working part time.. i have a great grant and will get scholarships. you think ill be good? Im going to Kansas state
@@Durlato ya what are you going to school for?
@@mugito5541 business admin. Gonna try and get an internship next summer and then my masters
@@Durlato ya that should be just fine. Depending on your GMAT score I would get some work experience after bachelors then go back for masters.
plenty of homeless artists, actors, and musicians following their passion
Meanwhile in Belgium: ~1000 dollars a year at an internationally respected university.
47th in the world university ranking, and the most innovative university in Europe for the third year in a row.
Happy not to be born in America.
Switch Tips Jealous Bitch
Belgium is irrelevant lol
Jonas Meanwhile in India...
Free in romania lolz
@@Omar-bx5wq bro im frim north korea
Beyond just the price of tuition there is also the opportunity cost of losing 4-6 years. Having just finished the college experience I really think that college is not a good place to figure out what you want. You will get much more benefit if you go in with a plan. You have to decide if its worth the tuition + time to advance your career beyond what you could accomplish in a trade school or working a job.
I 100% agree with this. Although most students are pushed to go to college to find themselves and explore - quite a hefty price to pay both in dollars and time for such exploration :).
What do you guys think of the general education requirements here in the United States?
Dude my high school made it MANDATORY to, apply to college. This high school has a reputation for putting out a lot of workers for nursing, tech, auto, agriculture, etc.,or so they say. So my counselors REALLY wanted to look good by forcing everybody to sign up for college. You might not understand how pushy they were. They would take you out of class personally JUST to make you finish your college application.
Would also force your parents to be involved even if they don't speak English and manipulate them in to thinking there is something wrong with your children or you as a parent of your kid did not apply to college.
You also missed the point about how governments have consistently cut funding to public schools every time there is a recession. It is no coincidence that tuition has skyrocketed since 2008, as huge cuts resulted in the transferring of cost burden to students. Back in the days after the GI bill, there wasn't soo much hysteria about tax revenue going to public colleges. The schools were soo highly funded through taxes that the state could essentially set the terms of tuition, meaning that many schools where either extremely cheap or free. As the government spending cuts went down, so did the states ability to dictate price, and the schools had to make up the lost profits in some way, raising the tuition rates nationally.
We are at a point now where tuition is soo high that it's insulting to think that tax payer money is being used to fund these schools. We either Need to get the state completely out of university education and pray that costs eventually go down (99 percent sure they never will), or increase government funding back to were it was in the GI bill days so that, at the very least, schools are accountable to the state before they can make decisions that will increase tuition unsustainably.
If you play it smart go to community college first and set up a budget. If you work your ass off and make some money you can graduate college debt free.
I still find it hard to think of any reason that I want to put myself on this kind of hell but I also don’t want to get left behind in the fast moving world and technology society.
Sigh I am damned if I do and damned if I don’t... sigh.
But thank you for this video and having the time to talk about this topic.
Take care everyone and stay safe out there.
Promising, the way you explain ideas. Liked it. Keep going!
Appreciate it!
What do you think? Is college worth the price?
Thought Monkey Great video! Growing up, especially in an asian family, I was told that college is the only way to be successful. The things I've seen throughtout the years being in college is that there's many opportunities outside even if you don't go to college, its just the question of how people can find those opportunities and I would say is connections. Thats one reason why a community college would be a good option and the fact thats it's much more affordable to get a 2 year associates.
In Europe you can get a year in 2000$, why over there 25k or 50k? That's I don't understand... And yeah, it's more like a lottery, with that amounts of money invested I would not like to gamble like that, no thanks.
I believe that here it's a combination of factors that mostly have to do with the competition schools have with each other to attract students to their campus. More students = more money. More money = more stuff students want. More stuff students want = more competition for other schools who will now have to spend more money to try to attract more students (possibly by raising tuition).
I completely agree that community college is and was a great option for me. Unfortunately many aren't told that that's a viable and much more economically reasonable option.
1 year at the University in munich(germany) costs $300+ healthcare $600 but u get $9600 from the government(u have to pay back only around 30-40%, no interest )
I wouldn't have found my passion if I didn't go to college. College, for me, was about having an identity crisis and fervently searching for something to invest my life in. The family and community I grew with did not give me those tools. This is also the case for a lot of my friends at my school.
That's a very interesting point - something I had not thought of before.
The thing is the federal student loan services were privatized which meant a lot of banks began to have a stake and make the system more lucrative.
4 years at my college, $24,000. I like it.
2 years at my college, $0.
24K a year or in total?
Lol i get paid for that
@@Atombender How.!?
How ?
@@magnus9145
man, ur goated. U just saved me from going through google's 100th page.
Had to go to a 4 year University in order to become a physical education teacher. Don't understand why. All you really should be required to have is an associates degree and pass a background check. It's all about the 💰. SMH
Wow, the quality👍🏻
I for not a single moment ever EVER gave a two shit flying f*** on the appearance of colleges! I worried about saving money and taking many helpful classes from a community college and now on my last year of getting my bachelors and getting certification of geographic Information System and make my resume look good! Im more worried about what opportunities i can get after I graduate and never cared for appearance! Im glad i did my math!
WE have to voice our displeasure! Many local schools do very little to prepare their students for college. Secondary education should expose the children to a variety of careers.
This gentleman is 100% correct about the cost of an education. The average student leaves college having 40,000 dollars in debt. Vermont leads all states with an average tuition cost of $29,541 for in state students and $41,145 for out of state students. Private college expenses are 72% higher. The average college student will have close to 40,000 dollars in student loan debt.
Meanwhile, the average FBS college football coach earns 2.89 million a year according to USA TODAY. College coaches salaries are led by Alabama's Lou Saban who earns 9 3 million dollars a year to coach football.
College Presidents make more money than any elected or appointed public official including the governor of their state. The distinction for the highest paid president belongs to USC. His base pay is 1.467 million dollars. Each year the cost of their additional perks (like housing) increases. The USC president recieved 5.487 million in additional perks.
I have no problem with the aforementioned professionals earning a decent wage but there should not be such a deep economic chasm between the students and these college employees.
Hi! Is this video available for license to use in a not for profit video project?
I can't speak for foreign countries but school loan with ~1% interest rate is pretty much The best loand you can take. It's less than inflation so its basically free money government is giving you. Ofcorse you can work besides studies but I don't really think it's that enjoyable. Students should have freetime, go to parties, have fun, live their youth. That's what student loan is for so you dont have to stress your ass off so that you can afford to live
The only college needed for real world related topics is Netflix,RUclips,SkillShare,Udemy,and MasterClass 🙂
my country has student loans of about 1000$ on average but we are so poor that its like 100000$
Meanwhile in switzerland I pay only 1300$ a year (remember taxes in switzerland are even lower than us🇨🇭🇨🇭🇨🇭)
And to think my grandpa got into college with a tuition price of a f*cking quarter
U have to know that BAD trend where in order to get a simple, regular job in business people will have to have got “some” college education. This is completely silly. For most of the jibs available just high school education would be perfectly sufficient. There is maybe a couple of professions where higher education is definitely required but for the rest it’s just a waste of money.
2:46 Cannot understand why credit is considered a profit, it only becomes real once the lender pays. So dumb in my opinion that the government profit relies on loans...
Not everyone should go to university. There are many people who go and never use their higher education.
4year is 70k my hbcu
I really feel sorry for university graduates.
Education should not be some kind of business between universties exploiting students demand for it
is 15k or 50k for the 4 years or per a year
Were. Am I going to get that much money from
How much time did this video take you dude.
I think the entire way we globally look at education is extremely flawed.
Knowledge and self improvement should be more easily accessible even on an academic level.
This doesn't only count for young people, but also older and maybe dumber people.
Education can help stopping the following problems:
- Crime
- Poverty
- Illiteracy
- Anti-intellectualism
- Violence (of any kind, i believe riots for example are a simple sign of societal and intellectual illiteracy)
- Corruption
The way we look at degree's is very outdated and it's time that society, there should be a freedom to affordably attain knowledge and skills.
We can only benefit societally in the long run, because people become better people for it.
Also i believe that science should be grounded in reality, feelings have no place in it.
Um check your privilege.😂
2 years of trade school for $22,000
Did he really just call himself privileged for not having the grades to get into college straight out of high school 🤔
American should try other college out of US
You mean 4 minutes and 10 sec??
I love your video but It would be better if you could stop that annoying music .
$15B will collapse the economy? $15B
Just become a RUclipsr if u can't go to college win money by making vids
The answer boils down to corporate greed. Basically capitalism.
See the good thing about capitalism, is that you don’t have to use the service
Just go on RUclips
The value of college depends on what degree you get and how useful that would be in the real world. Take a STEM degree and compare it to a gender studies degree. There are tons of options if you have a STEM degree, but what is gender studies going to get you? Probably just laughed at when you think thats going to get you a good job.
What do you learn in a gender studies class? Is it like a smaller branch of biology?
👍
Bernie Sanders 2020
You're still gonna pay for it, dumbfuck.
So you want the cost to go even higher?
Wow it is so cheap..my high school tuition costs over $50000 a year.. I don’t understand why people are getting a job to go to college..just study hard and get a financial aid
Joon Park 박상준 www.amazon.com/dp/B082TX6B3T/ref=mp_s_a_1_4?keywords=isaiah+robinson+jr&qid=1576629350&sprefix=Isaiah+Robinson&sr=8-4
are you a rich international student?
Mine middle school fee kinda cost 2k per month 🥴 and in high school it goes up to 3k per month ( about 30000 a year)?
useless
Took my money left college…I made as much as my professors……gambled on the “.Com” bubble and pulled out prior to collapse. Took the $$$$$ and started a business. No debt from college for a degree everyone has.
You overlooked the cost of administrators. There are nearly as many administrators as faculty at most modern college, the cost of these bureaucrats is where the cost comes from today.. Look back 30 years and admins were only 1/5 of the number of faculty. The regulation boom helped cause the rise of college costs.
2:02 only 100k for the Professor, come on without him there would be no Powerpuff Girls and Townsville would be screwed. The man deserves more for what he has done.
The Pres of UCF makes like $450k a year. Gets a free house and car and got a $150k raise + $80k Bonus.
I got my first degree in the early 80s... It sure didn't cost as much as it does now... I got my second degree in the early 00's and my company paid for most of it as a severance package because I had worked for them for nearly 20 years, and still it didn't cost as much as it would now, nor did I have to take a shitload of non-major related "required" classes just to make someone else's wallet happy! I have always been an advocate of higher education, but when college admissions and educational/curriculum planning have all the charm of high-end auto dealerships, thus putting you behind the wheel of something you can't even take out of the driveway, I have to really start questioning the entire system...
pro tip:
FR year HS:
- decide upon a career path (not necessarily a specific job) make sure the career path that you choose pays enough in general to afford that standard of living that you want to have
- pay attention to your hobbies skills and talents . If you don't have any now is the time to learn.
- join 2 clubs/sports that you will be in for the rest of HS. whatever you pick, you cannot quit. (your goal is to be in a leadership position in those clubs by jr. year)
- take ALL AP classes! even if you were not in gifted classes in middle school. it sounds harder than it actually is. it may be difficult getting into those classes but work hard and be an advocate for your own education
Sophomore year HS:
- pick 3 jobs that you like in the same industry and research it further
- research colleges with degrees that lead to that job that you may want to apply for. make sure they accept AP credits, Dual Enrollment and CLEP exams
- take majority AP classes if you can! even if you were not in AP classes freshman year school. it sounds harder than it actually is
Jr year HS:
- take a combination of AP classes and Dual Enrollment at a community or state college
- get a job in the field you would like to work in (ex if you are interested in health care, get an part time afternoon job doing clerical work at a local hospital or clinic during the school year and pick up more hours during the summer)
SR year:
- apply to net colleges early and your general/reach schools during general admission
- take a combination of AP classes and Dual Enrollment
- get letters of recommendation from trusted instructors and admin. staff
- receive your HS diploma
- apply for scholarships and grants
summer after HS graduation:
- Create a free account with Modern States take at least 4 classes then take the CLEP Exam. If you pass will enter college already having completed freshman year and save thousands without much effort.
- If you are going to college locally, ask management at your job (theoretically) if they would consider you for an internship during or after college. if you have been doing well at the company or organization, now is around the time you should be expecting a small pay increase.
- If you are doing college abroad, ask if they have any connections to people in the industry where you are going that could possibly help secure a job or if they have any good advice for advancing in the field. If it is a large company you may be able to transfer locations. also ask if they can write you a letter of recommendation for college and / or work.
Fr - Jr. year college:
- go to college and try not to mess it up. check out Rate My Professor before registering for any class and SlugBooks before buying/ renting any textbooks
- maintain a good GPA even if it means taking a few less difficult classes
- join at least 2 clubs/ organizations ( at least one should be related to your previous clubs / activities in HS and the other should be related to your future field or career ) if there is no club / chapter- make one
- establish yourself in 2 non profit organization through volunteer work
- get involved in your community / government. go to city, town, and state meetings and join a citizens coalition of academy if your county or city has one.
- choose these clubs and activities wisely as not to overload your schedule and make sure you dont have too much going on on a daily basis.
- this is the stressful part so take care of your physical and mental health
SR year in college - apply for an AmeriCorps program that interests you. Its better than an unpaid internship in many ways and it is less competitive. This will help you start to pay off your JR and SR year of college if you did not receive enough scholarships and grants to completely cover the costs. It will also add work experience to your resume and give you an opportunity to get familiar in your field while building your social network. This also gives you an opportunity to travel with almost all expenses paid and have a positive impact on a community while guaranteeing you have something to do upon graduation
Too late for me but thanks
That's not a "tip". That's a whole itinerary. Also, unless this is different for different schools or systems are now calling any honors classes "AP" classes, AP classes are usually only available for seniors, if at all. Taking *all* AP classes your senior year is just masochistic. I say just take at most 2, related at least to your chosen major.
What is ap classes? Sorry, thanks
I only taken AP classes in high school and I failed the AP tests and didn’t enroll in dual credit due to the fact I that struggled too much in my freshman year to my senior year and ending up getting a gpa of 3.89 and a shitty SAT score of 830... too late for me.
@@geezerbill totally understandable! and i'm sure it is different for every school. I went to a public school with a block schedule. with block schedule you only have 4 classes a day so taking all AP classes wasn't that difficult. honors, gifted, AP, and IB classes are all different. At my school they have AP classes starting from Freshmen year. You receive credit for AP classes that transferred to your college EVEN if you don't take the exam- as long as you end the semester with an A in the class. Honestly some AP classes are easier that the regular classes anyways. My senior year i did dual enrollment for 2 classes and AP for the other 2.
In america the reason why the cost is high is due to government subsidization. Rich people have the money regardless, the government pays for the "poor", and the middle class gets to compete with the government's deep pockets. Yikes!
Although in the end it might just be better to skip a traditional college and go to a trade school.
WRONG! the cost of college has prematurely, rapidly risen ever since the government began giving anyone who would apply the same big pot of money starting in the early 90's. Colleges then began pricing tuition according to the amount of loan money available to applicants,, not according to what college actually costs. Professors have always been paid very well, even when my parents went to college for free in the 60's. the loan system is a scam.
I’m scared now to grow up
Sweden:🍿🥤
Thank u
Great video. Wall Street just loves student loans because they are guaranteed and you can't get rid of them through bankruptcy. Student loans are the most dangerous loan out there!
Dam cuh
Woow 25000$ =250000Dh 😲😲 just for school .
Unfortunately, Universities are not how they used to be anymore. The only things they teach you is how we need to change the entire history of America and why Black lives are the only lives that matter. This is why I’m not gonna go to an actual University and would rather go to Community College.
why do yall wanna bring up blm in everything..
Is it college or university 😶
I attend the 2nd best High School in my state. My peers are calling me crazy for choosing an in-state College over an expensive college on the other side of the country that would ruin my life. Meanwhile everyone just can't wait to escape their parents.
That is very smart of you. I am thinking of going In-state in New Jersey, its smart that you would choose two years in-state. Say money that way!!
Happened to be but they all used daddy’s card to run off
do we need college now in 2018? I can widen my perspective watching this kind on content on youtube!
We need education not necessarily college
College shouldn’t be free but it should be a fuck ton cheaper than what it is like in the 70s and 80s come to think of it other aspects were better back than especially college sports which are basically minor leagues now I also believe in universal healthcare system or single payer
We can afford free college quite easily.
LinusMLGTips free community college yeah agreed
Kent state in stark county is 6000 dollars per year
I mean University of Florida is ranked as the 8th best public school and its also $6000 for in-state. Brigham Young is like $5000 I think right.
With AVID you meet the requirements to enter university, hell yeah!
Average tuition in 1980: $9,438
Average tuition in 2020: $23,872
Average moderate rate of inflation over the past 40 years in America: 2.24%
9,438*inflation,compounded over 40 years= $22,893.57, which means the average tuition ($23,872) is roughly 0.95% over inflation which really isn't much. Like $45 a month more than a basic, moderate and accepted inflation model and you don't even have to pay that fee while you're a student.
This video is nonsense. School costs about the same as it did in 1980. Apply for bursaries and scholarships, get a part time job -most states pay much more than the federal minimum wage standard ($7.25/hr) and some states even pay double that! College and university are totally within your grasp. Just don't take any of those idiotic Marxist, feminist, leftist classes and you'll more than likely be getting a great job which pays on the low end on average $17,500 more annually (and rises with inflation) than a high school graduate... Also, you'll more than likely receive paid benefits and more paid vacation time off work if you go to school.
A better video would be one that shows how much it costs you NOT to go to school.
Use a good voice recorder ...
Right on! Untill enough people stand up and scream: Things had better change - then they never will.
Juan Jerez www.amazon.com/dp/B082TX6B3T/ref=mp_s_a_1_4?keywords=isaiah+robinson+jr&qid=1576629350&sprefix=Isaiah+Robinson&sr=8-4