University Debt: The New Global Economic War | Higher Education & Student Debt Documentary
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- Опубліковано 21 лис 2022
- Universities are operating in the world’s most competitive knowledge economy. They are waging a ferocious battle to attract the brightest minds from around the globe. We delve into the key seats of decision-making, where money and politics intermingle, and show the deep cultural divide between a lucrative Anglo-Saxon model of funding and the universal independent European model. We also document the emergence of a new class of over-educated and over-indebted workers. Who really benefits from this heightened competition? Just how much debt should students take on? What is the real price for our societies? Is higher education set to be a big market?
With the birth of the knowledge society, higher education is booming. There were 13 million university students in 1960. In 2015, their ranks had swollen to nearly 200 million. The number of students attending university is exploding around the globe, as a gigantic global student market is being forged… It’s a simple fact: for the past two decades, the new wealth-producing champions have been business executives and members of the intellectual and scientific professions.
This documentary was first released in 2016.
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I'm still a student at the University of Toronto (a top 10 university, the top 1 in Canada), and when I initially applied, I applied for computer science. Everyone from the university to the guidance counselors told us that we'd officially be computer science students at the university, but when we actually got there, we were suddenly told that we weren't computer science students yet, and that we had to pass a second round of admissions during the first year of university. What's worse, the university were only going to keep half of the students that they brought in as first-years as second-years.
Fucking hell, the university wasted upwards of thirteen thousand dollars (far more for international students, something like fifty thousand dollars) and an entire year of our youths. And the university did this KNOWING that more than five hundred of us students would be giving the university all of that money for nothing. Keep in mind this is one of the TOP universities GLOBALLY. I'd say me and the other few hundred students were scammed.
Shit, one of my fellow students even committed suicide. It made provincial news. But of course, not a single soul, from the university to the newspapers to the protesting students, addressed the real issue of the university scam. It was all a big meaningless virtue-signaling stink about "mental health" after the suicide. It all still makes me sick.
General courses that what they called, take almost 2 years.
Education where you have to pay is a scam
name the student who committed suicide
I was thinking of applying to some Canadian schools, but the parts of the websites explaining financing were complex and/or opaque. At least at most American universities, you have a fairly straightforward idea of how much you are getting ripped off from the start.
What did I learn after nine years in post-graduate education?
The U.K. is run for the benefit of the political classes and big business. The education-industrial complex is real.
In the U.S. all professors are state government employees. Doesn't sound much different than where you live. Same shit, different toilet.
Education is a business, and a degree is not worth much now and costs a fortune
and takes away the best of our years
American student loan debt will haunt you with an axe, If you can't get that high income you will regret getting that degree.
same in Chile, America's adopted son
Another problem with Education other than the cost is a lack of understanding regarding what education is meant to be. Passing a test/exam is not going to prepare you for work in a particular field, all it shows is that you are good at taking tests. Sitting in a classroom with a bunch of people with one person at the front talking for a prescribed amount of time is not education. Education is where you learn a particular skillset, or acquire a substantial amount of knowledge which allows you to innovate and create your own job. What most people perceive education to be is simply a method to force conformity and compliance to ensure the production of diligent, compliant employees, rather than intelligent entrepreneurs. I cannot see the system changing anytime soon, as there are too many making money from it.
That is very true, completely agree with you on that, you nailed it
moreover, they will put the blame on you if you fail, try to fool you with test's questions, they even hire and train professors to cut passing students out and lose a year of their youth as it was a game, they laugh at young people's future, they don't care, in the end they can leave you with the offer of wasted years and an empty truck waiting to be filled with money you don't own
We need educated people to work on immproving on society.
People: Lets sell them that knowledge instead!
Also People: We lack skilled workers!
*Educated people couldn't care less about improving society. If they cared, they would improve it, but instead they only make it worse.*
For a documentary about the rising costs of universities, there sure are a lot of ads for universities interrupting the video. 🤔 I've seen 4 since I started and am only halfway through.
The problem IS DEBT!
Debt free truck driver = Indebted dentist.
The “wealth premium” has been OBLITERATED due to the increasing debt loads of college graduates… they have become debt slaves.
20:52 "they have to make money"😂
35:52 bravo👌👌
You can lead a horse to water... I grew up in THE Anglo-Saxon model of funding, which provided free University education (including stipends) at the time ('60s). You could also leave school at 14 and enter the workforce, many people I knew did, it was perfectly normal, employers provided training and apprenticeships at colleges just like today. Employers want to hire people who are educated enough to fill vacant positions. Up to a certain level of instruction the financial burden is borne by society for the general benefit of all but after that you're considered mature enough to decide for yourself what studies you wish to take and/or how to manage your own finances and your own future.
Takeaways from this, go to a German university... seems to be the only place they care about the student and not the money.
You don’t even have to pay it back fully in the UK. It will just come out as tax and then written off eventually
We have to buy degree.
Public services like education are not free, can we finally agre on that, taxes paid for it, your taxes which most of the time are taken from your salary or added to price of any good, all society pays for it.