Many working poor Americans belong to the cycle of pay day loans, which frequently can trigger deeper debt.
Top News & Analysis
It’s no secret that U.S. educational costs costs are rising dramatically, and the high cost of a college education burdens teenagers and their own families. How…
Video Rating: 4 / 5
So what is the solution?
In germany collage is free (you pay 250€ per semester for a bus ticket and
stuff) and you also get a loan (up to 600€ a month) if you cant afford to
study (apartment and so on). If you succeed your study you will only have
to pay back 50% (down to 30% if you are really good) as soon as you get a
job. Next to scholarships from companys (where you have to sign a contract)
you can also get a scholarship from germany itself if you are one of the
best in your department. >> No money shouldn’t be the reason not to study.
<<
Funny how in the end Prof Lin turns around and says subsidized interest
loans or grants don’t make college more affordable, when they make it
incredibly more affordable for the students taking them. Granted, they may
somewhat contribute to rising costs, but consider the cost of every student
that wouldn’t have gone to school without them making 90% less money
(according to Prof Lin). What would that cost us in tax revenue, student
loan revenue (yes, the US govt makes money on this), or in worsening our
trade balance with other nations by further outsourcing high-skilled jobs?
But why does it work in Germany?
America love pimping its citizens. In Germany and other countries health
care and college tuition is free for all citizens. College debt is big
business for government last yr it brought in more money then oil at 54
billion dollars its a hustle
It sounds like the guys who scripted this video do not get out much. Other
countries invest more in education than they spend on the military while
the US does the opposite and like all market based solutions education left
to chance does not work. I knew someone majoring in Latin American Studies
at the University of Havana who transfered there from UCLA and says the
students in Cuba are better educated than Americans. Imagine that!
Again not a fan of “welfare”, this is one of the reasons why; relating to
education. A university/colleges is a business, and businesses just want to
make money, they’ll abuse any subsidies, grants, etc. just to earn their
extra bucks at the expense of the students by forcing them onto debt.
$25000-$50000+ just for a B.A. (rough estimation)?
Where’s the *American Dream* when we’re ALREADY being sucked dried right
after high school? How do people think a student can pay for all of this
and yet be able to live off well? What if we experience more recessions or
a major depression, how will those new graduates be able to find work and
pay off that massive debt?
Just as the video explained both Supply and Demand; and Government help
manipulate the prices of tuition, but somehow I think supply and demand is
minimal compared to the huge rise in tuition over the past decades.
I’m sure government help can help out many of the low income families, but
what about the middle class? The middle class who could afford it in full?
The ones who can afford it by avoiding debt all together, that minority is
slowly dissipating. Imagine if it was done through the free-market, let
prices change by REAL supply and demand and not artificial help (other than
private organizations).
Is it really the governments job to “help” students to be able to afford an
education when the irony is they are only inflating the price of tuition
and forcing everyone onto a life of debt.
Financial Industrial Complex???
http://youtu.be/8GTa_swC-OE
Its obvious: The answer is the government. Because they hand out loans
colleges want to get some from the loans and because we have no choice but
to go through the schools they have us by our balls.
It’s no secret that U.S. college tuition costs are rising dramatically, and
the high cost of a college education burdens young people and their
families. How can we make college more affordable?
Many suggest that the best way to keep tuition affordable is by increasing
government assistance through student loans, grants, and tax credits for
education. Professor Daniel Lin shows that doing so will actually lead to
higher college costs, because loans/grants/tax credits are directly related
to the increasing cost of education.
Before we can find any solution, it is important to understand the root
cause of the rising prices. Professor Lin finds that increased
demand—fueled by improved job prospects for graduates and increased
government assistance—is to blame for soaring tuition prices. Knowing the
cause should inform our search for a solution.
As tuition prices continue to rise, more students seek loans as a way to
assist with the cost of higher education. According to American University
professor Daniel Lin, however, it is these subsidies that allow colleges
and universities to charge more for tuition. How do we break this cycle?
#studentloans #studentloandebt #college #economics
This video is only *technically* right. Almost every other industrialized
nation has publically funded higher education, which is far cheaper and far
better quality than American higher education.
The answer to the problem is not ‘more capitalism’ because the problem with
higher education in America IS capitalism. Those who can afford college get
college, instead of those who need or get the most out of college receiving
it. The solution is stricter regulation of capitalist practices in higher
education, if not government funded higher education for all that get
accepted. For profit institutions turn what is meant to provide as many
people with the education they need into a scam.
Schools should not be focused on their bank accounts, they should be
focused on providing the best possible education to their students.
Here’s a good video. LearnLiberty.org rules.
If universities have too high a supply of students, they should restrict
access to those who worked hardest at school and have the best academic
records, not the ones who have the richest parents.
My education cost me nothing. As a matter of fact, my earning increased
while I was being educated. After four years, I received a certificate
stating I completed coursework sanctioned by the US Department of Labor.
Upon graduation, 2/3rds of my class did not complete the program. I am a
Journeyman Machinist. And make more than almost all the college grads I
know of in my family. And vast majority of kids today would turn their
noses up at notion of becoming a “Blue Collar Worker.” So they go heavily
into debt getting useless degrees. And I am supposed to feel sorry? Not a
chance.