So I saw this going on yesterday, and figured there would be a thread on this by now. What are your all's thoughts on this? I found the video in the link below entertaining.

 

 

 

 

https://www.youtube.com/watch?v=Zmji36q8E4o&app=desktop

I didn't watch the video. I assume it's Cavuto interviewing the white girl who said the 1% should eliminate student debt and other debt?

 

Clueless.

Girl had no idea what she was walking into. Don't mind Cavuto laying it on heavy.

They want free college for all. It's hilarious when confronted with questions how little these students know. They just stomp their feet like children and say we want it now.

 

I would think a critical thinker would want to know the root of the problem and why tuition is rising so fast. Why are schools building multi million dollar buildings and have growing endowment funds while tution is inflated by double digits every year.

 

So the idea to fix all these problems is to throw more taxpayer money at it. It's hysterical really. I honestly want to see the transcripts of some these kids who got into ivy league colleges. These are supposedly our best and brightest.

Girl had no idea what she was walking into. Don't mind Cavuto laying it on heavy.

 

Agreed. When confronted with the reality of real numbers the tax your way out of it crowd has no comeback.

Aside from the video, which I am still laughing at, what do you think the solution is to increasing tuition costs, if you think a solution is needed? Will the solution be a result of government intervention, or will it be a market guided solution (college becomes to expensive, more people choose to go to vocational schools)?

Aside from the video, which I am still laughing at, what do you think the solution is to increasing tuition costs, if you think a solution is needed? Will the solution be a result of government intervention, or will it be a market guided solution (college becomes to expensive, more people choose to go to vocational schools)?

 

Schools are taking advantage of a few things:

 

1. Easy access to student loans

2. Lack of foresight by those taking out loans

3. Our country's continued lack of understanding of jobs in manufacturing/technical world

 

No politician is every going to campaign on decreasing the amount of student loan funds so that's out.

 

We're not very smart , especially in our teens and 20s, about money so that's probably not going to happen.

 

We still often view MFG as "greasy jobs" in "hot warehouses" so it's taking a while for people to realize that's not true.

 

So, I'm bearish on the tuition cost issue being solved.

Schools are taking advantage of a few things:

 

1. Easy access to student loans

2. Lack of foresight by those taking out loans

3. Our country's continued lack of understanding of jobs in manufacturing/technical world

 

No politician is every going to campaign on decreasing the amount of student loan funds so that's out.

 

We're not very smart , especially in our teens and 20s, about money so that's probably not going to happen.

 

We still often view MFG as "greasy jobs" in "hot warehouses" so it's taking a while for people to realize that's not true.

 

So, I'm bearish on the tuition cost issue being solved.

 

I'm not normally for government intervention. But public colleges are already controlled by the government. I think something needs to be done on a state level to stop rising tuition costs or holding universities accountable . They spend on new buildings and facilities like they are printing money.

 

I don't have all the answers but couldn't a system be put in place on a cost of degree , amount loaned out based on potential future income of that degree.

 

It would hinder all these kids racking up huge loans on these worthless liberal degrees or possibly bring down the cost.

 

Just use a local NKY example. Students can go to Thomas Moore at something like 4 or 5 times the cost and become a teacher or nurse. They could also go to NKU and get the same degree. Going to Thomas Moore doesn't increase your chances of getting a job in those fields. But yet the government is backing loans at a higher cost with no potential of higher future income. It just doesn't make sense.

Don't other countries offer free college? How do they do it?

Don't other countries offer free college? How do they do it?

 

No idea, but I would have thought Keely would have brought that answer to the table in this interview.

 

Felt like she thought she was going to be able to just come on there and pound the drum.

Don't other countries offer free college? How do they do it?

 

How do European countries afford free college - Business Insider

How do European countries afford free college - Business Insider

 

Was just about to post that link!

 

Basically Tax Rates are Much Much higher in those countries and enrollment a most is much lower than the US as a % of students enrolled in post secondary education. College acceptance is also more competitive and it is harder to get into college as opposed to trade or tech schools. If Euro model (like in Germany for example) was here we would be paying 20% to 50% more in taxes than we are currently paying and roughly 1 third of college students would not be in college.

1. In countries where college is free , it isn't college for everyone. They have stricter enrollment .

 

2. Taxes would go up and not go up a little. They would go up for a lot of people not just the 1%.

 

3. The costs at these colleges don't have hyper inflation.

 

4. Outside of Germany most of these European countries who offer these social programs , they are all going bankrupt. That is why the EU is imploding. Germany is the only thing keeping it afloat.

 

5. The problem in America isn't the need for free college it's a need to cut off this hyper inflation of cost. They way to do that is quit creating this artifical market with student loans. I'm not saying eliminate them. But there needs to be some restrictions. The student loan industry is just like the housing market of the late 90's and early 2000's. Everyone gets one just sign a piece of paper.

This is the ULTIMATE "drop the mic."

 

Also worth noting is that our educational system is incredibly unique, especially at the higher education level. In America, the college degree has become so devalued and an educational necessity. To not have one is a demerit.