The college book scam is the most embarrassing and obvious of all. Sometimes the books would be on edition 15 and the only change was they moved the chapters around.
He’s right, but colleges will lobby to their last dying breath to prevent getting rid of the fed loans. Education is big business and they have a lot of influence in our gov.
@@jetsetradio7715 People should get rid of the idea of trying to see corporations and institutions as left or right, they are for-profit, they will do what helps them profit. There are many institutions there who every election cycle take money and donate it to the republicans, and then take money and donate it to the democrats. They are not caring who wins, they are caring that their 'policy' wins. Is it paying off to be woke now? They will do that, because at some point deep in the business analysis someone will have concluded that adhering to the woke crap will generate them more income now and you see all the bs around cancel culture happening due to it. Nike putting a LGBT flag for pride month is not Nike showing how leftist they have become, it is Nike concluding they can make profit if they do that. If next week they'll learn they can make money by reducing wages by lobbying to some politician, they'll do that too, they don't care. Adidas used to develop clothing for the Nazis, now they proudly also add LGBT flag. Their value is their profit maximization. Corporatism is what they do, not identity politics.
I'm surprised no mention of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005?? Giving ALL colleges and universities the ability to lend with reckless abandon. It can be show here the huge increase of total federal student debt in the 2 - 3 years following that decision: ua-cam.com/video/nHBpIN98li4/v-deo.html
I completed my engineering degree in the mid-90s and they were stingy with the loans back then. However, tuition was only about $10k a year. I was able to work part-time and pay most of it. Well several years ago a friend of mine who went to the same university said when was the last time you checked the tuition of our Alma Mater. The same engineering degree I got for $10k/yr now costs between $50-60k a year. Absolutely amazing, it wen from $40k for a degree to $200,000.
That is nuts. I'm going to Oklahoma State for engineering. Tuition is around $13k per year. I think it depends on the school, whether it's private or state, for example
Congrats on your hard work. We live in a more open and honest criminal world now. That tuition is INSANE! I feel for all those that were swindled like that. Did they get vastly better education? Surely about 4 times better? (6X with interest). They must have pushed your "cheap(er)" degree over and put you out of work right? My good friend is an electrical engineer (on thick paper) who works for olive garden. Paid on tips and "thank yous".
To everyone complaining about Peter Schiff interrupting, there was a connection issue with them using Skype. Peter commented on Twitter that he could not hear Joe well or at all at times. If you watch his other podcasts with Joe you'll see he's not interrupting on purpose.
For 2 dudes who have a billion and another having multi millions. U think u would test the audio and have technology that would work no matter what distance
Thanks for clarifying that! Totally believable. There was a clear delay between video and audio and he was regularly touching his earpiece. Definitely some technical difficulties.
Cody Hughes it doesn’t matter what he means, the price of college is out of control. It takes far more than a summer job and working part time during the school year. A good school is 25k a year.
That is only good for two years because they will change the edition slightly just to kill the used textbook market, and make more money. The price gouging is insane.
Pirating, borrwing for a friend, buying it used from someone at school, usually a free pdf version, using a trial to access a book, etc. There's various ways to possibly avoid paying for full
I think the means of learning should not be regulated, just need to pass standardized tests to show one's capability. This test should be formulated and conducted by official body of professionals from each field.
Many CEOs or higher up manager understand this and will look at experience just as much as a degree. The problem is HR managers, they tend to be taught by the schools that degree is the measure of your competence and they follow this religiously. It's kind of funny that HR studies are, well how can I put this nicely ..... really easy.
Peter commented on twitter that "Also once I started talking my ear piece cut off any incoming audio. So I could not hear a word Joe was saying. Since I could not see him ether I had no idea he was taking" twitter.com/PeterSchiff/status/1283557040263245824
It’s his setup, TYT cut him off in an interview because Schiff was ‘talking over’ the hosts, turns out he just couldn’t hear them asking questions. If you watch his live stuff he’s actually very responsive and will stop on a dime for questions.
Government in Europe is involved. Healthcare is for free at point of access for everybody, costs a third per person compared to the US and has better outcome. Education is controlled by government in Europe, for free or very cheap but you only get in with the grades necessary. So this is not about government per see but about a for profit government that doesn't care about its citizens. Therefore all the things that Bernie Sanders said were right. A much better outcome ,much cheaper, like in Western Europe. But, he..socialism, can't have that.
@@martbosman8373 A lot of those nations are eastern Europe and they still have a lot of wealth to destroy. Let's see how solvent those systems are over the next 30 years as their money runs out. The Soviet Union took 70 years to collapse, it's always good in the short term. Also don't forget how hard it is to get a major surgery done there.
Kevin Marshall I beg your pardon sir, but I am Canadian, and our system has worked remarkably well for 60 years. It is nowhere near bankrupt, and the government caps what hospitals and doctors can charge. What’s Peter Schiff’s response to 60,000 American dying every year due to a lack of proper healthcare? Make sure to give me facts to backup your BS talking points.
Subsidies/Government. Watch John Stossel for the monopoly they have. And the deleted video of political juice (It's the multi hour rambling mostly on college life where kids with no direction just "Do whatever dude. Eheh") Somewhere in that video where he explains how the school managed to get subsidies by having slow/constant renovations to get those sweet "priority projects" that the government deemed as a priority. Not the students (demand side) In a more free-market friendly industry. The schools who couldn't produce a better product gets bankrupt. Currently. They just need a promise.
DYC I think what he’s talking about is that enrolled students distance learning still have to continue paying university fees for buildings they don’t have access to. In my university we had a parking structure fee, a recreation center fee, and a student union fee (the building where events and lectures were held). If a student is distance learning, they’re not using those buildings but they’re still paying the fees and using loans to do so.
@@BernadetteTeachesMusic and they'll tell you those are free to use once you are enrolled and all the costs are for being enrolled and getting classes. You can't do anything about that. It's not like you have a "menu" with price tags on every thing in school that you are paying for.
@@Ludak021 my university gives breakdowns of all the additional fees like bus fees, parking fees, athletic fees, etc. They're still charging us for all of it even though people can't use any of it
Wonder why people cant pay their loan off? Bc they get dumbass degrees w no jobs and get a loan that anybody w half a brain knows they cant pay off. If youre gonna pay for a degree atleast get one that has jobs that you can pay off your loan with. Or better yet dont take out a loan in the first place
It’s quite a racket. After 4 years college, 4 years Med school, 4 years residency, and 4 years to the military to pay for Med school, I’ll be pushing 40 when I finally start to make a doctor’s salary. I spoke to an old-school cardiologist who finished his training in the late 70s, and he paid a grand total of 3 grand for his education back then.
At least youll be in a profession with a demand. Part of our problem in my opinion is attorneys need almost as much schooling. They get out and have to pay that loan. They almost have to be crooked
I took on the electrical trade. Got a jman license, then my masters , now over 6 figure. And we have NO replacements coming up because of the latest SNOWFLAKE MOVEMENT.
I'm incredibly proud of my younger brother. Didn't do well in school. He maned up got his commercial class B and C license here in MA. Almost done with his class A. Kid is 21 and making great money. With zero debt.
He's partially right. The government assistance allowed the loans and rates to get out of control. If we got rid of it, tuition would decrease, but it would still be impossible for low income people to go to college.
@@zachhenry8537 Questionable. Some may miss, but maybe special requirement schemes could be set up for circumstances of families on low income with kids who show potential in STEM, medicine, or fields with a tertiary benefit. Also. Business thrives on consumer numbers. Why would you leave an untapped base for someone else to take advantage of? Personally though. I'd just subsidise STEM, medicine and skill trade schools (which all have a tertiary benefit to the economy/population) and say anything else is up to the student to pay for. Just my opinion though
@@zachhenry8537 sadly for the country work we need people with not degrees, not everybody cant be doctor and lawyers is a horrible reality but is reality...
I was at 100k in school loans for attending a liberal arts women’s college for 5 years. That was from over ten years ago and I’m STILL paying this off. It follows you to your grave. You can not bankrupt yourself to get out of it. I originally thought voting for Bernie was the right idea but I realized that it was I who got myself into this much debt. I should be responsible to pay it down. I don’t feel entitled to have everyone pay for my school loans via taxes. If I would’ve done more research I would’ve gone to a university that is funded or applied for a TA-ship.
I read your comment and thought it was a joke. You've been "had" by the system. You aren't very bright either. I would never hire someone who thought it was a good idea to pay over $100K for liberal arts education. You lack common sense. Enjoy paying off the debt!
You shouldn't be forced to get loans to educate yourself in the first place. You were right to vote for Bernie Sanders, he pretty much wanted to drag you up to keep up with the rest of the civilized world. It's not a coincidence that every year the US ranks worse and worse in all quality of life rankings (healthcare, education, happiness, poverty, etc.).
Why don’t individuals guarantee that they are properly informed & choose a proper field to enter like an adult? I knew at 17 I wasn’t going to be stupid enough to get into thousands in debt for a piece of paper.
@@demarcusshipman6537 Ironically, those that don't attend college still fare much worse in the USA... Even if you go to college and study something like history that doesn't translate to a direct profession from study, you are on average better off than someone who never studied in college at all. This is determined by how much income you make in the next 40 years of your life. Non college degree holders generally make much less and have severe limitations for upward mobility.
They purposely fail about 30% of students in essential classes and only offer those courses once a year to keep people in school longer. It’s a fucking scam.
Educational Industrial Complex, that's the name I've heard this called. If you aren't going to school for a STEM, don't go and start with Community Colleges
I had to take out 80k in loans. Work the whole time at Lowe’s and on the family farm in the summer. Get a bachelors, a masters, and a CPA just to make 60k a year. Wondering when this cost to go to college is going to payoff
I feel your pain. I worked my way thru school, am registered nurse now, started in Midwest now moved to California where pay is better however rent isskyhigh
@James Horton Didn't you know? UA-cam comments are supposed to be eloquently written and you must cite your sources at the end of your reply, my good sir. Rogan J. et al "UA-cam Comments", (2020, April 20)
I remember being a Freshman in the early 2000s on campus and they routinely let credit card companies set up shop and there was always a line of people, probably there on borrowed money, and they were signing up for credit cards with ridiculous interest rates. Sheep to slaughter...it’s sad
I got caught up in that. Took me years to recover. I had no one to educate me, and people have no idea how many poor children go to school. They need the cash, but they pay a dear price
MsTuliplady they should make personal finance part of college prep studies as much as anything. How many non-business freshman are walking around that can explain how compounding interest works.
@@gwills9337 Yes, universities were cheaper in the past. When state universities were properly funded they were tuition free, or very cheap. This placed a huge pressure on private institutions to keep their tuition levels in check. Severe cuts over the past 40 years have ended this positive relationship. As for accessibility, I assume you mean entrance standards. The fact is that sheer population growth explains most of this. Most top tier universities have not expanded their student bodies at the same rate as the number of potential students (foreign and domestic) has increased. More young people vying for the same number of places means more competition.
I'm surprised no mention of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005?? Giving ALL colleges and universities the ability to lend with reckless abandon. It can be show here the huge increase of total federal student debt in the 2 - 3 years following that decision: ua-cam.com/video/nHBpIN98li4/v-deo.html
Will Carter If government is the problem then why do other governments have legitimate solutions to this problem? This student loan debt crisis seems to be a uniquely American issue. If government intervention was the cause of the issue, then every other nation that offers government assistance would be in the same boat, regardless of how they offer that assistance. But that’s not the case. This tells me that it is the policies of the government, not the government itself, that is the cause of the problem.
@@xocrow1120 That's not what I get from the way it's worded. He didn't say "the government" as in the US government. He said "government", as in the Libertarian sense of a governing body itself. I would absolutely agree that the US government, as a whole, is a major part of the problem. They don't represent the will of the people, no matter what side of the aisle they are on. I am Canadian and despite the issues I have with pretty much every politician in our political system, I have a great deal of respect for how they have handled this crisis. Our lefty Prime Minister has made sure the money is flowing to the people, not just the corporations. The right-wing Premier of Ontario has fought like hell to make sure that the people of his province get what they need, while also fighting for the small businesses that need help the most. I actually feel like our politicians care about us. It is absolutely cringe-worthy to see what you guys are going through. You deserve better representation.
@@TheCommonS3Nse I’m canadian too and live in Ontario and I think the difference between us and the US is that OSAP or our form of government backed loans, are given out differently. Meaning not everyone is guaranteed a government loan here and some people are forced to pay out of pocket which keeps some checks and balances on the universities and colleges. Not to say that education isn’t expensive here but the situation in the states is absolutely ridiculous.
@@wyattbarnes9641 Yes, and we also have subsidized post-secondary education. We pay, give or take, $6000 per year for tuition. The rest, because education is expensive, is covered by the government. And if you can't afford that then you get an interest-free loan from the government. In the US tuition costs anywhere between $10,000 and $35,000 per year, and that's not even getting into books and food and shelter, etc. And this isn't to say that Canadian universities are cheap or lesser. For example, the University of Guelph in Ontario has one of the world's best veterinary programs... for $6000 per year. Compared to the University of California, Davis, where that same level of education will cost you about $25,000 per year. And they wonder why people can't pay off their student loans.
Tuition cost has went up 213% in the last 30 years in the US, which is far higher than the rate of inflation. It's a cash grab by educational institutions who are now being run as for-profit corporations.
Don't ruin the narrative, it definitely got bad in the 60s when student loans became available.... I can agree with parts of his argument here but he leaves out huge chunks of relevant informan in order to support his broader political argument which is clearly that Democrats ruined America and all problems are because of their ideas... you know because the other party has had zero control for the last 60 years.
@@jmoski57 I would agree in the 30 year period there has been both Dems and Reps running the show, and things have gotten far far worse in that time. No one seems to have done a lot about it from Bush to Clinton to Obama to the current incumbent.
@@jmoski57 Agree. Some other important information is that we have systematically shipped a lot of our "unskilled labor" overseas, lost them to automation, or lost them to cheap immigrant labor. This vacuum in jobs further pushes demand for college degrees. Another problem is that universities have added too many administrators and support services that have high upkeep and inflate the price.
Christine The Decora Girl the United States has transitioned from a republic to an empire (similar time Rome). The military budget is currently around $650 billion (probably over a trillion dollars if you factor everything). We have given blank checks to Raytheon, SS Blackwater, Halliburton, and other defense contractors / logistics companies (better known as the military industrial complex), whose lobbyists “incentivize” politicians into the endless wars we keep fighting. There’s a reason why we’re still in Afghanistan (despite the fact that the Taliban currently controls more territory today than they did in 2001), Iraq, why Libya was overthrown, and why the US was funding ISIS in Syria (John Kerry admitted this). If you’d like to know more on the subject, I recommend you look into Scott Horton, Tom Woods, antiwar.com, and the libertarian institute. I assure you that I’ve learned more from them in a day than from any of my history classes
Peter commented on twitter that "Also once I started talking my ear piece cut off any incoming audio. So I could not hear a word Joe was saying. Since I could not see him ether I had no idea he was taking" twitter.com/PeterSchiff/status/1283557040263245824
I remember this when going to college in about 2003. The teachers would tell us to buy the textbooks used. It's the same textbook with some chapters switched around.
@@Watcher4187when I went they started using online portals with homework assignments each student had to have a one time use access code from their original text book.
Oligarchs capture the commons and the government, the monetary, fiscal, tax, regulatory, education, foreign, and domestic policies etc in every level of our society, and then they say “See it’s your government that did this....Ignore the man behind the curtain.” And then the vote is a popular vote which is a minority consensus vote which is gamed and rigged to where we have minority rule. And then they say that they represent Adam smith economics and liberalism etc but they are corporatists or autocratic capitalists. They hate actual free markets -which they have redefined to mean a market absent of government intervention which is the exact opposite of what Adam Smith said about what a free market is. The man is a very talkative and persuasive but uneducated or intentionally miseducating troll.
Lol, unemployed friends got $16k from the government in 5 months. I went from working 24 hours to 40 hours in the ER as an EMT not even scratching half, and all of my paychecks went to overpriced rent and paying for my college for Nursing school. Now that I am running low, not meeting tuition, I took my first $16k loan for a semester school (that requires hands-on learning) being turned COMPLETELY ONLINE. Tuition isn’t changing and school isn’t accommodating cost. I have paid my first two years of school all by myself from working while attending, but the costs will always catch up past what I was making (which was decent) and requires me to sign my name into debt
Keep hammering but if you can get approved for a subsidized loan below 4% you might as well take it. I carry $20k in debt bc it’s in grace till 6 months after I graduate and it’s only 3% interest. You can be saving up for a 3.5% down payment on a rental property instead of paying interest for first couple months. Do a break even analysis and if you can’t save $10k and the full student Loan amount by 6 months after you graduate pay down
Worked my way through my bachelor's but took 8 yrs loan free and now trying to get my masters and piling up the loans fast. What a cycle of shit. Now it's mostly online and charging similar prices plus add ons and software.
I had a professor for a Data Structures and Algorithms class and, to his credit, he had us buying the 3rd edition book for his course (they were on about the 11th or 12th edition around that time) that was selling for literally $5, used, and only $30 new. He said that nothing has really changed in the algorithms world from that time to now in the context of his intro course and that he couldn't, in good conscience, have us pay $200 for the new version. We need more professors like that. It is even more shady when they force you into buying THEIR books as some of you guys have mentioned.
Is there anything that supports this point? It's already bad enough that the youngest voting bracket has low voting numbers, that would just disenfranchise people even more.
@@TheShitpostExperience young people below the age of 21 shouldn't vote. Their brains aren't even fully developed and they are naive and foolish in their thinking. Very idealistic and irrational.
@@patricklarry6645 most studies suggest that until 25 our brain is not fully developed, so minimum voting age should be 25 then? And by the same logic we shouldn't allow to vote people who have some kind of mental illness (depression, bipolar disorders, etc)? And since your argument is to tackle mental capabilities them people who are poorly or not educated shouldn't vote either right? And to top it of, let's only allow people who have read all the information and background of all candidates, since most likely these are the only ones who really know what the candidates may actually do if elected.
He's not gonna let Joe stick his stupid Marxist/Bernie distractions into the conversation. Plus, he knows convincing Joe means nothing, because Joe will just change his mind with the next guest. Good for him.
The absolute vast majority of information presented in college classrooms is available free at your local library or on line. But businesses are looking for employees with massive amounts of debt so that they are more vulnerable...less likely to quit.
Uhhh no. Look if you have hundreds of people apply to a job and some have degrees and some don’t it’s an efficient way to lower you’re candidate pool and increase the chances of finding a more productive employee. What are you gonna believe some person if they tell you “ I taught myself I didn’t go to a school”? No your not going to waste your time trying to figure that out and someone with a degree is automatically more likely on average to be knowledgeable on the subjects you want/need them to know.
@@Corgiking521 Depends though my man. If I don't have a degree but I have the 5+ year job experience I"m right up there with the best of them. I"m going to require less training and teaching. Which means I can jump right into work. While a applicant with a degree and zero job experience might get looked over. Since they would require time for training. For some that can be a taxing ordeal.
I assume you haven't been to college then? Because, especially in a STEM field, you will not get the same experience from being self taught. There is also a lot of value to a college degree because it exposes you to new people and different ideas, instead of just a rigid career focused track. We need arts and humanities too, it shouldn't cause a lifetime of debt to get it.
it's true you can have the same education from local libraries, but the point of institution is to challennge you, to see how how much you understand the depths of the topic, and reali life use of it. if you're self disciplined, so be it.. Data suggests that literally over 80% of the population around the world showed that conventional schooling(including college) is the only way to make sure people actually learn something
Also increased cost to pay the team of office people to process complicated paperwork just to get paid by medicare/medicaid as well as insurance companies.
Baby Boomers(Most of whom are the parents of the millennial gen) convinced us college was the way to go towards success. While it was true IN THEIR TIME, man they weren't counting with how much things changed in society. But we became so convinced that we did whatever it took to pursue that education. Even if it meant getting into ridiculous debt. Now people are enslaved doing jobs unrelated to their degree. I'm one of the few lucky ones with zero debt and actually working in my field of choice.
iTalkData Not at all, to be honest. It was their choice. They put themselves into situations where they had to take out a loan, when they could’ve maneuvered through the system like I did. It may sound cold, but when you're in a shitty situation, you're often at fault.
The cost of tuition should be dictated by the four and five year earnings projections based on the degree you get. Let’s be honest and call it what it is, higher it is a business and it makes no sense to pay the same amount for degree with different earning potentials
bobwatters you would have been right about a decade or two ago, but more and more classes are being moved online and using adjunct professors or lecturers that get paid way less then professors with tenure
"It benefits the bureaucracy, but it doesn't benefit the kids" yup "If you think it's expensive now, wait till you see what it costs when its free" yikes!
I mean if itz free for the student anf the govr is paying 100% then cant the gov't tell shools to go fuck themselves and lower their prices? Seems like its the colleges fault more then the govt. They need regulation.
@@jer2689 The Democratic party, leading the charge for "free" college, gets their bread buttered by teacher's unions. So, you think after making college free that they'll lower prices, which will come out of the pockets of teachers???
prices have gone up though, it's not only tuition but also housing, food, etc. You can't afford it all with just a summer job even if the tuition fee drops
I worked my way through school full time, making minimum wage and supporting myself and a kid as a single mom. Sometimes we were homeless and lived in my car. They jacked up the prices to where no one normal could afford it. Just like they jacked up the prices on everything from rent, utilities, and essentials to where normal people can't afford to make it on their own and low income people are having to band together to make it or afford 1 place between 3 or more people.
@@kos22us the definition of kid has changed over the last 60 years, the boomers all had kids when they were "kids". The only thing that has changed is that it's no longer financially viable to have one before 35 and the birthrate has plunged as a result. Conservatives are just out here expecting people to change their biologically programmed behaviour because the state fucked shit up soo bad that we can't be as irresponsible as the previous generations and still be okay at the end. The only mistake this women made is not being born 80 years ago.
Who else believes there’s too many administrators? A diversity and inclusion office should not freakin exist! Go to community college...you make the same without taking on debt.
Yup. Also you can do things like go to Ireland or the UK where a master's degree only takes one full year and is 50% less over doing post grad in many US colleges.
Diversity and inclusion sounds important for people who may be first generation college goers from a minority family. Seems like a good support system for them to adjust. The issue arises when administrators get overpaid. I just graduated from a community college with 3 degrees and am transferring to state university next month. My community college had a diversity office, but the cost of attendance was basically free and the education was better than a previous university I attended.
Peter makes a ton of great points but he’s like Eddie Bravo with the rambling. He needs to stop giving speeches every answer and let Joe make some points
I was thinking similarly but I actually think it might be a Skype issue or something. Usually when people talk over someone they get a bit louder or pause slightly and I didn't hear that. But who knows really.
Tis the nature with Skype, he apologized for it, but the podcast being hosted over these mediums sucks regardless of the host because of the innate lag.
hmmm. 1. When university was cheap the economy was good and there were more blue-collar jobs that paid more. 2. When university was cheap, housing was cheaper as well. 3. Now jobs of all collars are scarce, competition is high, housing is high, and students are in brutal debt before even entering the workforce. 4. Forget Avocado on toast, just some toast would be do people fine right now.
Peter Schiff also fails to say that the rents were real cheap you can get an apartment for half the semester which is half the year for like $1,200 20-30 years ago. Now that they have outsourced education to all these wealthy Indians and Chinese rents have exploded in the foreigners can easily afford any rent
In 1950 the University of Pennsylvania, Ivy League, cost $600 for annual tuition. Federal minimum wage was $0.75 per hour. You'd need to work 800 hours to cover the tuition, which was achievable in a hard summers effort (roughly 5 months at 40 hours a week). Now Penn costs $60,000 per year. At the current federal minimum wage you'd need to work 8,276 hours to pay for the tution. That would take roughly 52 months or 4.31 years to pay just 1 years tuition. You'd have to raise the minimum wage to nearly $75 per hour to be equivalent. $75 x 800 hours= $60,000. Tuition straight from Penns site. Min wage data from goverment site. Thanks Peter for speaking the truth!
Universities made a decision to become buinesses a long time ago. They don't have students anymore, they have customers. They go out of their way to appease most of their customers. That's why you see so many videos of bratty students behaving abhorrently but nothing ever happens to them. It's why it's very, very hard to flunk out of University today. Students can make a tiny effort and still get a degree because universities still need them to come back the next year to pay tuition. Students get in to university now less on merit and more on what they can afford. You could be a moron but if your parents have enough money you can buy a place at Oxbridge or an Ivy League school. Like I said, it's business and customers now.
"You could be a moron but if your parents have enough money you can buy a place at Oxbridge or an Ivy League school."... and become president to boot!!
$100 for a text book? It must be 1980 in his head because when I went to college from 2000-2004 most of my books were north of $200 and a few were like $400. Not to mention the classes where you had to get like 10 small books that were each $30.
I can’t even imagine what my life would look like if I didn’t have the almost one thousand dollars coming out of my account every month. I could save for a home, or a car, or go to the doctor, or travel. When I was 18, I had no concept of what I was getting myself into. We shouldn’t have to start our lives out being in debt. I just feel so downtrodden and angry.
He’s forgetting/ignoring the fact that until the late 1960’s/early 1970’s, state colleges/universities were funded primarily by the state/federal government. It was when that funding started to get cut that schools started having to charge students more, which led to the increase in dependence on student loans.
Peter makes a lot of valid points but I can't stand his style of communication. He's not having a real conversation; he's just talking to get his point across.
4:03 Oooooorrrrrrrr do you think maybe that banks would just come in and provide these loans instead of the government, and the schools would just keep the tuition the same? Because that's most probably what's gonna happen. You're treating the symptom, not the cause with this "solution". The banks would offer these loans at a much much MUCH higher interest rate.
“Work your way through college, nbd”? I worked my way through college... it didn’t cover all of the books, tuition, and living expenses. He made some great points but this wasn’t one of them. It might have worked 20 years ago but not anymore for most.
His point was that if you eliminate government backed loans the price will resettle eventually to the point where you'll get to pay your way without having to work extraordinarily hard during school. This ofcourse would need to happen now and would only benefit the kids who would go to college 10 years from now. This is why we need to cautious when creating bubbles in education when guranteeing it and why we can't make naive policy that effects millions
Matthew Kennedy I understand that point, just not the way I took what he said in that moment. Hopefully we can get this thing fixed before I have a kid of college age. Truth is a lot of the things currently being taught in colleges should be getting covered in K-12 like they are in other counties. I grew up going to school with foreign exchange kids from Germany and New Zealand that were 2-3 years ahead of us when they came to the US. They couldn’t believe how bad our education system was and the lack of real world knowledge being taught (finance, taxes, etc).
Im a Brit and I constantly hear Schiff et al bang on about the American way, land of opportunity and freedom to make it. Balls. This may have been true in his fathers time when the population was smaller, when it was still the wild west of opportunity. Ffs man that old shit does not apply now with huge population and the era of Corporate oligarchy.
@@landonic81 How does he have no idea what he is talking about? It is true that America is no longer the land of opportunity that it once was. Don't lie to yourself.
In my “private” high school everyone was expected to go to college. Just hearing about prices and loans made me skeptical of the college “system” . Became a tradesman instead. Thanks internet for the heads up.
I went to public high school and they insisted that everyone should go to college. The problem is that public schools or where I went to school did not do anything to help prepare students for college, let alone careers. I went to community college and had to do everything on my own because i was not given the proper help that would guide me through and it was me and my parents trying to figure everything out because of the incompetence of the beureucrats in the school system.
I wanna become a tradesman myself. But REQUIRED to have a GED or HS diploma. Piece of insignificant paper that holds so much power in this country. I’m two tests away from my GED as we speak. Hope to get it soon and finally move on with my life.
The problem is without accreditation most businesses won't give you a second look. Like yeah you could learn a type of engineering, or computer science. But unless you get the piece of paper from the institution, it won't matter. So my solution; learn your skill online super cheap like than just take a small amount of your time to learn a little Fraud, print yourself the piece of paper and boom your a whatever you wanted to be. Would not advise this for doctors or surgeons.
lmao. This probably happens more often than we think! This is basically the same as a "real" college degree (not all...calm down Dr. phd-lmnop) in terms of skill and practical knowledge...maybe better. An excellent way to educate yourself legitimately is an apprenticeship. Trade schools and apprenticeships will be a large part of our future.... They will not be for "Tradesman" only. I'd much rather hire an apprentice or someone who completed an apprenticeship than a high school mega-super-senior. Not applicable for everything obviously, but damn near. #college is a fraudulent pastime. Its 2020 ffs. Bye-bye $tanfraud. ***no discredit to the people that worked hard towards a solid degree and are making our world better. That must've been really challenging and expensive. Thank you. -blu collar phd
Instructor/Professor: "And you won't be able to take this class with the version 2.4.1 book, you'll need version 2.4.2." Student: "What's the difference?" Instructor/Professor: "They added 3 sentences in chapter 4.1. By the way, the new book is about $250."
In Quebec, a province of Canada, it’s $3,000 a year for college (university). It’s subsidized by the government, we do pay high taxes, but at least everyone can have access to a higher education.
@@jarmo04 It means that nothing in life is free. Someone, somewhere is always being forced by threat of violence to pay for what is considered "free" to others. There's a name for that. It's called robbery. It's called theft. It's called tyranny. It's the opposite of freedom.
How are you supposed to "work your way through college", when the minimum wage is $7.25. Not enough to live off of let alone pay for college. For some people, taking student loans was the ONLY way to survive after high school.
The elephant in the room: stop taking loans you can’t pay. A public state school may not seem flashy but I pay through it with a summer job. Most of my friends are taking massive loans to go to private schools for three times the cost.
I've been in the "big boy" workplace for 10+ years and have interviewed and worked for some big companies. Not ONCE in my working life has anyone even asked me where I went to college
My teacher wrote a book, then made it a requirement for the class. He also way overpriced it. It's the same as if they require you to take the bus to school, and then hike up the bus prices.
Need to have Peter come back on, but not on Skype. He’s been a good guest in the past and is very relevant given the correct prediction on our current inflation situation.
The college book scam is the most embarrassing and obvious of all. Sometimes the books would be on edition 15 and the only change was they moved the chapters around.
When I was in college my professors made us buy their books.
The book rentals just for the semester is a great advantage. The rental is very small in comparison with buying the book.
Huge scam!!! And only good for one semester
@@Enginshim yup. That's how you know something is not right. I had many professors say you have to buy the new updates book.
You’re spot on about the book scam. This is what should be exposed all over the news.
He’s right, but colleges will lobby to their last dying breath to prevent getting rid of the fed loans. Education is big business and they have a lot of influence in our gov.
Yes and it's controlled by the republicans. It's one of their cash crops.
Mikoyan that’s because liberals are more educated than conservatives
@@jetsetradio7715 maybe the professors are but the owners and policy makers aren't.
@@jetsetradio7715 People should get rid of the idea of trying to see corporations and institutions as left or right, they are for-profit, they will do what helps them profit. There are many institutions there who every election cycle take money and donate it to the republicans, and then take money and donate it to the democrats. They are not caring who wins, they are caring that their 'policy' wins. Is it paying off to be woke now? They will do that, because at some point deep in the business analysis someone will have concluded that adhering to the woke crap will generate them more income now and you see all the bs around cancel culture happening due to it. Nike putting a LGBT flag for pride month is not Nike showing how leftist they have become, it is Nike concluding they can make profit if they do that. If next week they'll learn they can make money by reducing wages by lobbying to some politician, they'll do that too, they don't care. Adidas used to develop clothing for the Nazis, now they proudly also add LGBT flag. Their value is their profit maximization. Corporatism is what they do, not identity politics.
Shirvan More brainwashed than the people wearing red hats to show their “patriotism” ??lmao give me a break
Higher Education is one of the most corrupt systems we have.
I'm surprised no mention of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005?? Giving ALL colleges and universities the ability to lend with reckless abandon.
It can be show here the huge increase of total federal student debt in the 2 - 3 years following that decision: ua-cam.com/video/nHBpIN98li4/v-deo.html
Definitely
I completed my engineering degree in the mid-90s and they were stingy with the loans back then. However, tuition was only about $10k a year. I was able to work part-time and pay most of it. Well several years ago a friend of mine who went to the same university said when was the last time you checked the tuition of our Alma Mater. The same engineering degree I got for $10k/yr now costs between $50-60k a year. Absolutely amazing, it wen from $40k for a degree to $200,000.
That is nuts. I'm going to Oklahoma State for engineering. Tuition is around $13k per year. I think it depends on the school, whether it's private or state, for example
Congrats on your hard work. We live in a more open and honest criminal world now. That tuition is INSANE! I feel for all those that were swindled like that.
Did they get vastly better education? Surely about 4 times better? (6X with interest). They must have pushed your "cheap(er)" degree over and put you out of work right?
My good friend is an electrical engineer (on thick paper) who works for olive garden. Paid on tips and "thank yous".
@ungratefulmetalpansy It depends on the job though.
Tution fee increases in the US have been outpacing rises in inflation for almost 15 years now by over 100%. It's literally just a cash grab.
@ungratefulmetalpansy how???
To everyone complaining about Peter Schiff interrupting, there was a connection issue with them using Skype. Peter commented on Twitter that he could not hear Joe well or at all at times. If you watch his other podcasts with Joe you'll see he's not interrupting on purpose.
He really should have tested his audio to make sure he could hear the other person..
To be fair, Joe is the one interrupting, and only to ask dumb questions that don't even matter.
I was wondering about that. It's not like Joe.
For 2 dudes who have a billion and another having multi millions. U think u would test the audio and have technology that would work no matter what distance
Thanks for clarifying that! Totally believable. There was a clear delay between video and audio and he was regularly touching his earpiece. Definitely some technical difficulties.
Imagine being able to afford college, rent, bills, insurance, and food on a "summer job".
He means a summer job as your big full time work and working part time throughout the year
Shirvan are you really so brainwashed you think other struggling people are the problem not the upper class setting up the system?
Tough and stretches a four year plan to six-seven years but doable
Cody Hughes it doesn’t matter what he means, the price of college is out of control. It takes far more than a summer job and working part time during the school year. A good school is 25k a year.
Those days are long gone.
$100 for a text book!?!? Try 300
That is only good for two years because they will change the edition slightly just to kill the used textbook market, and make more money.
The price gouging is insane.
@@OneMouseGaming our books were only good for ONE year ! We have to buy every year even class
I paid my way through Uni “supplying” text books in the UK. Can you not “get your hands” on them another way? There must be people like me.
Pirating, borrwing for a friend, buying it used from someone at school, usually a free pdf version, using a trial to access a book, etc.
There's various ways to possibly avoid paying for full
Right? When I was in college my cheapest text book was $150. And it was used!
Peter giving Joe Rogan a day off. ;-)
Damn right.
This has to be the funniest Joe Rogan clip
😂 ua-cam.com/video/yVcd6YbSgBA/v-deo.html
😂😂
But way less annoying than tyson
“You can take online courses and educate yourself. You don’t need a degree to prove yourself” WOULD YOU PLEASE TELL HIRING MANAGERS THAT?
I think the means of learning should not be regulated, just need to pass standardized tests to show one's capability. This test should be formulated and conducted by official body of professionals from each field.
I make 60k without a degree LOL
Many CEOs or higher up manager understand this and will look at experience just as much as a degree.
The problem is HR managers, they tend to be taught by the schools that degree is the measure of your competence and they follow this religiously. It's kind of funny that HR studies are, well how can I put this nicely ..... really easy.
ZachV3 I make over 90k in a trade. I have a degree but it wasn’t necessary for the job I have.
@@graceandpanic9281 yes but you still need a license or credential for most trades. Unless you work under someone else's license.
Joe: “Can I ask y-“
Peter Schiff: Continues talking...😳
I tuned in to listen to Schiff this time, not Rogan.
Peter commented on twitter that "Also once I started talking my ear piece cut off any
incoming audio. So I could not hear a word Joe was saying. Since I could not see him ether I had no idea he was taking"
twitter.com/PeterSchiff/status/1283557040263245824
It’s his setup, TYT cut him off in an interview because Schiff was ‘talking over’ the hosts, turns out he just couldn’t hear them asking questions. If you watch his live stuff he’s actually very responsive and will stop on a dime for questions.
HAHAHAH a Chris D'ilea would say WOOOOOOPPPPPPPPPSSSSSSSSS
Communication via online chat always goes this way...
This is also the he same issue we have with healthcare. The hospital charges outrageous amounts for stuff because insurance will pay
yeah, it's pretty much the exact same principle. Government got involved so the system felt free to go ape shit
and slowly we begin the unravel the roots of our problems...
Government in Europe is involved. Healthcare is for free at point of access for everybody, costs a third per person compared to the US and has better outcome.
Education is controlled by government in Europe, for free or very cheap but you only get in with the grades necessary.
So this is not about government per see but about a for profit government that doesn't care about its citizens.
Therefore all the things that Bernie Sanders said were right. A much better outcome ,much cheaper, like in Western Europe. But, he..socialism, can't have that.
@@martbosman8373 A lot of those nations are eastern Europe and they still have a lot of wealth to destroy. Let's see how solvent those systems are over the next 30 years as their money runs out. The Soviet Union took 70 years to collapse, it's always good in the short term.
Also don't forget how hard it is to get a major surgery done there.
Kevin Marshall I beg your pardon sir, but I am Canadian, and our system has worked remarkably well for 60 years. It is nowhere near bankrupt, and the government caps what hospitals and doctors can charge. What’s Peter Schiff’s response to 60,000 American dying every year due to a lack of proper healthcare? Make sure to give me facts to backup your BS talking points.
What’s more, the amount of admins and staff at schools is 1000% out of control, who pays their salaries?
You’re on to something there pal
Tax payers
There are WAY TOO MANY DAMN ADMINISTRATORS!! So many people getting paid for bullshit to do while young people get fucked. Its sickening tbh
The endowment
Subsidies/Government.
Watch John Stossel for the monopoly they have.
And the deleted video of political juice (It's the multi hour rambling mostly on college life where kids with no direction just "Do whatever dude. Eheh")
Somewhere in that video where he explains how the school managed to get subsidies by having slow/constant renovations to get those sweet "priority projects" that the government deemed as a priority. Not the students (demand side)
In a more free-market friendly industry. The schools who couldn't produce a better product gets bankrupt. Currently. They just need a promise.
"The Bachelor's degree is American's most overrated product." -Dr. Marty Nimko
very nice quote, I'll definitely use it in the future
Just like the GED and HS diploma requirements as well for trades jobs.
Shouldn’t be paying for facilities you no longer have access to.
Yeah the school I graduated from got shut down so I dont see why I owe anyone money, really.
You clearly have not even the most basic understanding of how student loans work.
DYC I think what he’s talking about is that enrolled students distance learning still have to continue paying university fees for buildings they don’t have access to. In my university we had a parking structure fee, a recreation center fee, and a student union fee (the building where events and lectures were held). If a student is distance learning, they’re not using those buildings but they’re still paying the fees and using loans to do so.
@@BernadetteTeachesMusic and they'll tell you those are free to use once you are enrolled and all the costs are for being enrolled and getting classes. You can't do anything about that. It's not like you have a "menu" with price tags on every thing in school that you are paying for.
@@Ludak021 my university gives breakdowns of all the additional fees like bus fees, parking fees, athletic fees, etc. They're still charging us for all of it even though people can't use any of it
Gov Student Loans started 1965 under LBJ
And Obama and the Dems completely took over the student loans back in 2010 when they passed Obamacare. It was baked in the bill.
Nick correct. They guaranteed loans to anybody even if they have a garbage credit score and no source of income
Wonder why people cant pay their loan off? Bc they get dumbass degrees w no jobs and get a loan that anybody w half a brain knows they cant pay off. If youre gonna pay for a degree atleast get one that has jobs that you can pay off your loan with. Or better yet dont take out a loan in the first place
@@JC-dc7eb federal student loans aren't guaranteed by credit
Keep Lebron out of this
Lol Rogan saying Harvard is $40k a year, and Schiff says a textbook is $100...
That just goes to show how out of control the prices are that even 10 year old data is a low estimate
Yeah he was way off, average cost after aid is 14k lol
@@yerangamage8472 I think the 40k quoted considers aid considering it is part of the price.
I paid $8,000/yr to go to Columbia. Cheaper than going to public school.
"You better pump those numbers up! Those are rookie numbers!"
It’s quite a racket. After 4 years college, 4 years Med school, 4 years residency, and 4 years to the military to pay for Med school, I’ll be pushing 40 when I finally start to make a doctor’s salary. I spoke to an old-school cardiologist who finished his training in the late 70s, and he paid a grand total of 3 grand for his education back then.
Serving in the military is not a sacrifice when you are shooting and killing unarmed women and children.
At least youll be in a profession with a demand.
Part of our problem in my opinion is attorneys need almost as much schooling.
They get out and have to pay that loan. They almost have to be crooked
Btw, what hes talking about can be aaid about health insurance
who told you to start med school so late, if you started at 21-22 you would be done by 32.
@@xman2738 okay dude that is not what goes on especially for a doctor stop that bs
I remember back in the 80s: If you didn't go to college you would be flipping burgers What a LIE
Unless you learned to code more often than not you either flipping burgers or working a hammer.
I gotta private snap chat, I'm working my endowment and my stinker to make the big bucks. Mom n dad are proud
@@questionablecooking7019 is there a problem with working a hammer?
I took on the electrical trade. Got a jman license, then my masters , now over 6 figure. And we have NO replacements coming up because of the latest SNOWFLAKE MOVEMENT.
I'm incredibly proud of my younger brother. Didn't do well in school. He maned up got his commercial class B and C license here in MA. Almost done with his class A. Kid is 21 and making great money. With zero debt.
He is dead on about this student loan bs
I've been telling people this exact same stuff for years. It was nice to hear him repeat it
He's partially right. The government assistance allowed the loans and rates to get out of control. If we got rid of it, tuition would decrease, but it would still be impossible for low income people to go to college.
@@zachhenry8537
Questionable. Some may miss, but maybe special requirement schemes could be set up for circumstances of families on low income with kids who show potential in STEM, medicine, or fields with a tertiary benefit.
Also. Business thrives on consumer numbers. Why would you leave an untapped base for someone else to take advantage of?
Personally though. I'd just subsidise STEM, medicine and skill trade schools (which all have a tertiary benefit to the economy/population) and say anything else is up to the student to pay for.
Just my opinion though
@@twistedwithmelancholy8436 I'd just make education free for everybody and realize the cost to America is less than the benefit it'll get back.
@@zachhenry8537 sadly for the country work we need people with not degrees, not everybody cant be doctor and lawyers is a horrible reality but is reality...
Unfortunately, employers won't accept my UA-cam degree.
They would if the state allowed them to test you based on your knowledge of something. They've banned this for discrimination reasons, I believe.
If those were such a thing based on the hours we spend on UA-cam, I’d have my PHD
Which is sad.because you learn more from UA-cam than any University nowadays.
Spartan heart incorporated will
SmashFinale I want to disagree but I can’t.
The Peter Schiff show with special guest Joe Rogan.
I do wonder how many Americans, whether white , black, brown, yellow, have this kind of ideas but get buried by Democrats/ Republican mainstream news?
I actually paid off my student loans today so this video is well timed.
Congrats! That's huge.
Congratulations, you sir! I wish you a lot of success moving forward!
Congratulations. 🥳
How much did you end up spending?
congrats
Joe:”What year was this?”
Peter:”So then...”
Joe: “Wait, What year was this?”
Peter:”Right. So then...”
😂
skype
1965 for those interested.
Ben this has to be the funniest Joe Rogan clip
😂 ua-cam.com/video/yVcd6YbSgBA/v-deo.html
@Move_I_Got_This what year because that is a decade
@@kakaman715 Schiff said he didn't know. Go look it up if you're that interested.
I was at 100k in school loans for attending a liberal arts women’s college for 5 years. That was from over ten years ago and I’m STILL paying this off. It follows you to your grave. You can not bankrupt yourself to get out of it. I originally thought voting for Bernie was the right idea but I realized that it was I who got myself into this much debt. I should be responsible to pay it down. I don’t feel entitled to have everyone pay for my school loans via taxes. If I would’ve done more research I would’ve gone to a university that is funded or applied for a TA-ship.
I read your comment and thought it was a joke. You've been "had" by the system. You aren't very bright either. I would never hire someone who thought it was a good idea to pay over $100K for liberal arts education. You lack common sense. Enjoy paying off the debt!
@@slyfox4564 Her dumb friends that work at Starbucks
why would you take out that much money to go to a liberal arts school? what was your end goal?
Hey I don’t usually comment on UA-cam videos but don’t listen to these guys. They sound like miserable ass holes. Sorry about your debt
You shouldn't be forced to get loans to educate yourself in the first place.
You were right to vote for Bernie Sanders, he pretty much wanted to drag you up to keep up with the rest of the civilized world.
It's not a coincidence that every year the US ranks worse and worse in all quality of life rankings (healthcare, education, happiness, poverty, etc.).
The schools should have to guarantee the loans. Make them bet the education they are providing will be a good investment for the students.
Instead, the teacher's unions lobby government to guarantee them. The system is corrupt at its core.
Why don’t individuals guarantee that they are properly informed & choose a proper field to enter like an adult? I knew at 17 I wasn’t going to be stupid enough to get into thousands in debt for a piece of paper.
@@demarcusshipman6537 Ironically, those that don't attend college still fare much worse in the USA... Even if you go to college and study something like history that doesn't translate to a direct profession from study, you are on average better off than someone who never studied in college at all. This is determined by how much income you make in the next 40 years of your life. Non college degree holders generally make much less and have severe limitations for upward mobility.
If you've read any of Peter's works, you'd know this is a horrible fucking idea
They purposely fail about 30% of students in essential classes and only offer those courses once a year to keep people in school longer. It’s a fucking scam.
Educational Industrial Complex, that's the name I've heard this called.
If you aren't going to school for a STEM, don't go and start with Community Colleges
yeah because postdocs and research scientists are famous for the amount of money they make Einstein.
LOL like STEM is some magic ticket.
Super JLK lol, I think they stopped calling them junior colleges and started calling them community colleges for the same reason
Super JLK or people who don’t have rich parents and still want a higher education
I'm in STEM and went to a community College. No debt and a great job atm. Lots of ppl I know, buried in debt. And get this. They dont even have a job.
I had to take out 80k in loans. Work the whole time at Lowe’s and on the family farm in the summer. Get a bachelors, a masters, and a CPA just to make 60k a year. Wondering when this cost to go to college is going to payoff
Hang in there, if you have a CPA you should be making 6 figures in the next 3-5 years if you play it right.
I feel your pain. I worked my way thru school, am registered nurse now, started in Midwest now moved to California where pay is better however rent isskyhigh
For someone who claims to have all that education, you can barely create a competent paragraph. I call b.s..
Work hard and become a partner at your firm. It will definitely be worth it then.
@James Horton Didn't you know? UA-cam comments are supposed to be eloquently written and you must cite your sources at the end of your reply, my good sir.
Rogan J. et al "UA-cam Comments", (2020, April 20)
Just graduated college. The only thing I learned was how big, long, dumb, elaborate and expensive of a scam it really is.
I remember being a Freshman in the early 2000s on campus and they routinely let credit card companies set up shop and there was always a line of people, probably there on borrowed money, and they were signing up for credit cards with ridiculous interest rates. Sheep to slaughter...it’s sad
What a culturally corrupt country we live in. Truly sad
I got caught up in that. Took me years to recover. I had no one to educate me, and people have no idea how many poor children go to school. They need the cash, but they pay a dear price
MsTuliplady they should make personal finance part of college prep studies as much as anything. How many non-business freshman are walking around that can explain how compounding interest works.
Wow now that you mention it, I remember seeing the same thing in the 90s.
Get rid of the loans and administrators!
Without loans university would revert to being the exclusive privilege of the rich.
and diversity counselors.
@@krausewitz6786 universities used to be cheaper and more accessible; you're pointing in the wrong direction.
@@gwills9337 Yes, universities were cheaper in the past. When state universities were properly funded they were tuition free, or very cheap. This placed a huge pressure on private institutions to keep their tuition levels in check. Severe cuts over the past 40 years have ended this positive relationship.
As for accessibility, I assume you mean entrance standards. The fact is that sheer population growth explains most of this. Most top tier universities have not expanded their student bodies at the same rate as the number of potential students (foreign and domestic) has increased. More young people vying for the same number of places means more competition.
lies by colleges is how we got here.
Fucking glossy brochures
@@davideanes3425 what?
David Eanes no more like straight up lies and deception by admissions people.
I'm surprised no mention of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005?? Giving ALL colleges and universities the ability to lend with reckless abandon.
It can be show here the huge increase of total federal student debt in the 2 - 3 years following that decision: ua-cam.com/video/nHBpIN98li4/v-deo.html
I mean...he ain't lying.
Government isn't the solution to the problem, they are the problem.
Will Carter
If government is the problem then why do other governments have legitimate solutions to this problem? This student loan debt crisis seems to be a uniquely American issue. If government intervention was the cause of the issue, then every other nation that offers government assistance would be in the same boat, regardless of how they offer that assistance. But that’s not the case. This tells me that it is the policies of the government, not the government itself, that is the cause of the problem.
@@TheCommonS3Nse we're talkin about our government not anyone else's he didn't say governments
@@xocrow1120
That's not what I get from the way it's worded. He didn't say "the government" as in the US government. He said "government", as in the Libertarian sense of a governing body itself. I would absolutely agree that the US government, as a whole, is a major part of the problem. They don't represent the will of the people, no matter what side of the aisle they are on.
I am Canadian and despite the issues I have with pretty much every politician in our political system, I have a great deal of respect for how they have handled this crisis. Our lefty Prime Minister has made sure the money is flowing to the people, not just the corporations. The right-wing Premier of Ontario has fought like hell to make sure that the people of his province get what they need, while also fighting for the small businesses that need help the most. I actually feel like our politicians care about us.
It is absolutely cringe-worthy to see what you guys are going through. You deserve better representation.
@@TheCommonS3Nse I’m canadian too and live in Ontario and I think the difference between us and the US is that OSAP or our form of government backed loans, are given out differently. Meaning not everyone is guaranteed a government loan here and some people are forced to pay out of pocket which keeps some checks and balances on the universities and colleges. Not to say that education isn’t expensive here but the situation in the states is absolutely ridiculous.
@@wyattbarnes9641
Yes, and we also have subsidized post-secondary education. We pay, give or take, $6000 per year for tuition. The rest, because education is expensive, is covered by the government. And if you can't afford that then you get an interest-free loan from the government.
In the US tuition costs anywhere between $10,000 and $35,000 per year, and that's not even getting into books and food and shelter, etc.
And this isn't to say that Canadian universities are cheap or lesser. For example, the University of Guelph in Ontario has one of the world's best veterinary programs... for $6000 per year. Compared to the University of California, Davis, where that same level of education will cost you about $25,000 per year. And they wonder why people can't pay off their student loans.
Why can’t business schools teach students how to scam and hustle like universities?
College prices didn’t start getting out of hand until early 2000’s. The worst part back in day were books.
Tuition cost has went up 213% in the last 30 years in the US, which is far higher than the rate of inflation. It's a cash grab by educational institutions who are now being run as for-profit corporations.
Don't ruin the narrative, it definitely got bad in the 60s when student loans became available.... I can agree with parts of his argument here but he leaves out huge chunks of relevant informan in order to support his broader political argument which is clearly that Democrats ruined America and all problems are because of their ideas... you know because the other party has had zero control for the last 60 years.
@@jmoski57 I would agree in the 30 year period there has been both Dems and Reps running the show, and things have gotten far far worse in that time. No one seems to have done a lot about it from Bush to Clinton to Obama to the current incumbent.
@@jmoski57 Agree. Some other important information is that we have systematically shipped a lot of our "unskilled labor" overseas, lost them to automation, or lost them to cheap immigrant labor. This vacuum in jobs further pushes demand for college degrees. Another problem is that universities have added too many administrators and support services that have high upkeep and inflate the price.
This man might overtake NDT for interrupting ability
I dont think hes interrupting, seems Joe is interrupting him more
Ever been on a Skype call
It’s a Skype call, Mr. Graham Bell.
@@tyaucupis bootlicker
Typical Skype
Legend has it joe still waiting to find out what year it was
This exact thing happens with Military spending too, but no American would ever want to talk about that.
Could you elaborate? I'm curious.
Schiff talks about it in his podcast
Christine The Decora Girl the United States has transitioned from a republic to an empire (similar time Rome). The military budget is currently around $650 billion (probably over a trillion dollars if you factor everything).
We have given blank checks to Raytheon, SS Blackwater, Halliburton, and other defense contractors / logistics companies (better known as the military industrial complex), whose lobbyists “incentivize” politicians into the endless wars we keep fighting.
There’s a reason why we’re still in Afghanistan (despite the fact that the Taliban currently controls more territory today than they did in 2001), Iraq, why Libya was overthrown, and why the US was funding ISIS in Syria (John Kerry admitted this).
If you’d like to know more on the subject, I recommend you look into Scott Horton, Tom Woods, antiwar.com, and the libertarian institute. I assure you that I’ve learned more from them in a day than from any of my history classes
Ghostface 1 That’s crazy. I always knew the US was trigger-happy when it came to war, but jeez. I’ll have to do more digging for sure.
Peter Schiff talks about it all the time.
Either the delay was horrible or this guy just plowed through Joe's interjections without stopping
He heard him but still spoke over him. Not professional and painful to watch. Schiff is on the shit list.
The delay wasnt as bad as he plowed.
Peter commented on twitter that "Also once I started talking my ear piece cut off any
incoming audio. So I could not hear a word Joe was saying. Since I could not see him ether I had no idea he was taking"
twitter.com/PeterSchiff/status/1283557040263245824
Hahahahahaha!!! Right, very annoying.
I remember this when going to college in about 2003. The teachers would tell us to buy the textbooks used. It's the same textbook with some chapters switched around.
Back when people actually went to class before the online BS took over
Buy books? We torrented them in college. If they weren't available on torrents, one guy would purchase it, scan it, and then create the torrent.
@@Watcher4187when I went they started using online portals with homework assignments each student had to have a one time use access code from their original text book.
@@jesusleyva4386 Back when many more teachers would look out for their students interests.
Peter Schiff my man, giving a taste of Austrian Economics here.
Oligarchs capture the commons and the government, the monetary, fiscal, tax, regulatory, education, foreign, and domestic policies etc in every level of our society, and then they say “See it’s your government that did this....Ignore the man behind the curtain.”
And then the vote is a popular vote which is a minority consensus vote which is gamed and rigged to where we have minority rule. And then they say that they represent Adam smith economics and liberalism etc but they are corporatists or autocratic capitalists. They hate actual free markets -which they have redefined to mean a market absent of government intervention which is the exact opposite of what Adam Smith said about what a free market is. The man is a very talkative and persuasive but uneducated or intentionally miseducating troll.
@@JamesOGant Hello, can you please provide a reference to some site where can I get more information about this?
Make me famous.
You are now famous. Ta-da.
DID YOU KNOW THAT YOUR CELLPHONE IS BEING TRACKED AND LISTENED TO 24/7? BE PREPARED FOR WHAT IS COMING: ua-cam.com/video/vPZW-gvTfpY/v-deo.html
Lol, unemployed friends got $16k from the government in 5 months. I went from working 24 hours to 40 hours in the ER as an EMT not even scratching half, and all of my paychecks went to overpriced rent and paying for my college for Nursing school. Now that I am running low, not meeting tuition, I took my first $16k loan for a semester school (that requires hands-on learning) being turned COMPLETELY ONLINE. Tuition isn’t changing and school isn’t accommodating cost. I have paid my first two years of school all by myself from working while attending, but the costs will always catch up past what I was making (which was decent) and requires me to sign my name into debt
Nobody requires you to do anything.
@@yellow01umrella The pessimist
Tell someone who cares
I feel you on this one bro
Keep hammering but if you can get approved for a subsidized loan below 4% you might as well take it. I carry $20k in debt bc it’s in grace till 6 months after I graduate and it’s only 3% interest. You can be saving up for a 3.5% down payment on a rental property instead of paying interest for first couple months. Do a break even analysis and if you can’t save $10k and the full student Loan amount by 6 months after you graduate pay down
“21 down to 28” 😂😂 he’s really passionate about this
You’ve never misspoken?
Ben Wilson It happens most when a person is overly anxious(aka passionate), and thus seemingly more prone to biased fallacies.
Marketing And Design Essentials exactly. Mistakes happens but more so when you’re focused on the topic than your wording
😂😂😂😂😂
Fr
Worked my way through my bachelor's but took 8 yrs loan free and now trying to get my masters and piling up the loans fast. What a cycle of shit. Now it's mostly online and charging similar prices plus add ons and software.
I had a professor for a Data Structures and Algorithms class and, to his credit, he had us buying the 3rd edition book for his course (they were on about the 11th or 12th edition around that time) that was selling for literally $5, used, and only $30 new. He said that nothing has really changed in the algorithms world from that time to now in the context of his intro course and that he couldn't, in good conscience, have us pay $200 for the new version. We need more professors like that. It is even more shady when they force you into buying THEIR books as some of you guys have mentioned.
Voting age should go back to 21.
Nah
Is there anything that supports this point? It's already bad enough that the youngest voting bracket has low voting numbers, that would just disenfranchise people even more.
@@TheShitpostExperience young people below the age of 21 shouldn't vote. Their brains aren't even fully developed and they are naive and foolish in their thinking. Very idealistic and irrational.
@@patricklarry6645 most studies suggest that until 25 our brain is not fully developed, so minimum voting age should be 25 then? And by the same logic we shouldn't allow to vote people who have some kind of mental illness (depression, bipolar disorders, etc)? And since your argument is to tackle mental capabilities them people who are poorly or not educated shouldn't vote either right? And to top it of, let's only allow people who have read all the information and background of all candidates, since most likely these are the only ones who really know what the candidates may actually do if elected.
@@TheShitpostExperience we cant get everything we want. Life's not perfect. But raising the voting age to 21 is a start :)
Love how this dude avoids qeastions and how joe keeps snickering at what he saying.
Love the podcast !!!
He's not gonna let Joe stick his stupid Marxist/Bernie distractions into the conversation. Plus, he knows convincing Joe means nothing, because Joe will just change his mind with the next guest. Good for him.
Stumped ya
Holy crap, everyone is blinded by party in this country except me and Joe
@@joerieth6113 Joe and Joe?
The absolute vast majority of information presented in college classrooms is available free at your local library or on line. But businesses are looking for employees with massive amounts of debt so that they are more vulnerable...less likely to quit.
This guy gets it. Debt = Slave.
Uhhh no. Look if you have hundreds of people apply to a job and some have degrees and some don’t it’s an efficient way to lower you’re candidate pool and increase the chances of finding a more productive employee. What are you gonna believe some person if they tell you “ I taught myself I didn’t go to a school”? No your not going to waste your time trying to figure that out and someone with a degree is automatically more likely on average to be knowledgeable on the subjects you want/need them to know.
@@Corgiking521 Depends though my man. If I don't have a degree but I have the 5+ year job experience I"m right up there with the best of them. I"m going to require less training and teaching. Which means I can jump right into work. While a applicant with a degree and zero job experience might get looked over. Since they would require time for training. For some that can be a taxing ordeal.
I assume you haven't been to college then? Because, especially in a STEM field, you will not get the same experience from being self taught. There is also a lot of value to a college degree because it exposes you to new people and different ideas, instead of just a rigid career focused track. We need arts and humanities too, it shouldn't cause a lifetime of debt to get it.
it's true you can have the same education from local libraries, but the point of institution is to challennge you, to see how how much you understand the depths of the topic, and reali life use of it.
if you're self disciplined, so be it.. Data suggests that literally over 80% of the population around the world showed that conventional schooling(including college) is the only way to make sure people actually learn something
Sounds like the same reason medical costs are so high thanks to guaranteed payment through Medicaid.
EXACTLY!!!!!!!!!!!!!!!!!!!!!!!!!!!!
YUP!!!!
YES
The medication is so high because big phama lobby billions $, they buy the politicians who allow pharma to set there own prices. Its called a manopoly
Also increased cost to pay the team of office people to process complicated paperwork just to get paid by medicare/medicaid as well as insurance companies.
Peter’s solution: buy gold.
Baby Boomers(Most of whom are the parents of the millennial gen) convinced us college was the way to go towards success. While it was true IN THEIR TIME, man they weren't counting with how much things changed in society.
But we became so convinced that we did whatever it took to pursue that education. Even if it meant getting into ridiculous debt.
Now people are enslaved doing jobs unrelated to their degree. I'm one of the few lucky ones with zero debt and actually working in my field of choice.
Baby boomers are the parents of Gen X. Gen X are the parents of the millennial generation.
@@tonyclark3913 This isn't really true. most generations sire the second generation after their own, not the next immediate generation
iTalkData Not at all, to be honest. It was their choice. They put themselves into situations where they had to take out a loan, when they could’ve maneuvered through the system like I did. It may sound cold, but when you're in a shitty situation, you're often at fault.
@@JFDrake94 For a guy named 'Jesus' you are surprisingly cold
I first heard this with mark cuban, they need to put a limit on loans at 10k a year maximum. This is what mark cuban proposed
Mark Cuban loves to talk about other people's money
The cost of tuition should be dictated by the four and five year earnings projections based on the degree you get. Let’s be honest and call it what it is, higher it is a business and it makes no sense to pay the same amount for degree with different earning potentials
This has been known for a long time now. But you're not going to hear this shit on CNN or MSNBC, media arms of the Democratic party.
bobwatters you would have been right about a decade or two ago, but more and more classes are being moved online and using adjunct professors or lecturers that get paid way less then professors with tenure
"It benefits the bureaucracy, but it doesn't benefit the kids" yup
"If you think it's expensive now, wait till you see what it costs when its free" yikes!
I mean if itz free for the student anf the govr is paying 100% then cant the gov't tell shools to go fuck themselves and lower their prices? Seems like its the colleges fault more then the govt. They need regulation.
@@jer2689 The Democratic party, leading the charge for "free" college, gets their bread buttered by teacher's unions. So, you think after making college free that they'll lower prices, which will come out of the pockets of teachers???
@@twoshedsjohnson8540 u honestly dont think their both getting paid off by the same people
prices have gone up though, it's not only tuition but also housing, food, etc. You can't afford it all with just a summer job even if the tuition fee drops
The days of making a livable wage working in a dinner are long gone.
I worked my way through school full time, making minimum wage and supporting myself and a kid as a single mom. Sometimes we were homeless and lived in my car. They jacked up the prices to where no one normal could afford it. Just like they jacked up the prices on everything from rent, utilities, and essentials to where normal people can't afford to make it on their own and low income people are having to band together to make it or afford 1 place between 3 or more people.
You'll never believe this, but the state is responsible for those things massively inflating in price as well.....
@@D4PPZ456 your thinking like the people who run our corporations and the government at this point are different. They're one in the same
i know its harsh to say it but i believe it to be true ... if you have a kid while you're a kid you will have a lot tougher times
@@kos22us Like Ben Shapiro said multiple times
1. Finish high school
2. Get a job
3. don't get kids before you are married.
@@kos22us the definition of kid has changed over the last 60 years, the boomers all had kids when they were "kids". The only thing that has changed is that it's no longer financially viable to have one before 35 and the birthrate has plunged as a result. Conservatives are just out here expecting people to change their biologically programmed behaviour because the state fucked shit up soo bad that we can't be as irresponsible as the previous generations and still be okay at the end. The only mistake this women made is not being born 80 years ago.
Who else believes there’s too many administrators? A diversity and inclusion office should not freakin exist! Go to community college...you make the same without taking on debt.
Yup. Also you can do things like go to Ireland or the UK where a master's degree only takes one full year and is 50% less over doing post grad in many US colleges.
That's what I told my kids to do. Community college.
Diversity and inclusion sounds important for people who may be first generation college goers from a minority family. Seems like a good support system for them to adjust. The issue arises when administrators get overpaid. I just graduated from a community college with 3 degrees and am transferring to state university next month. My community college had a diversity office, but the cost of attendance was basically free and the education was better than a previous university I attended.
Guy is spot on. The same with with doctors/medical providers.
Especially what he says right when the video ends lol
Peter makes a ton of great points but he’s like Eddie Bravo with the rambling. He needs to stop giving speeches every answer and let Joe make some points
Hes a known propagandist. Whether u agree w him or not, he's gonna get his practiced points off
I was thinking similarly but I actually think it might be a Skype issue or something. Usually when people talk over someone they get a bit louder or pause slightly and I didn't hear that. But who knows really.
true. the king of the 🏃🏻♂️run-on sentence
Tis the nature with Skype, he apologized for it, but the podcast being hosted over these mediums sucks regardless of the host because of the innate lag.
@John Doe k lol
As though summer jobs even through highschool are going to pay off college today...
I personally did it from 2000-2004. Today? Heck no.
hmmm.
1. When university was cheap the economy was good and there were more blue-collar jobs that paid more.
2. When university was cheap, housing was cheaper as well.
3. Now jobs of all collars are scarce, competition is high, housing is high, and students are in brutal debt before even entering the workforce.
4. Forget Avocado on toast, just some toast would be do people fine right now.
Peter Schiff also fails to say that the rents were real cheap you can get an apartment for half the semester which is half the year for like $1,200 20-30 years ago. Now that they have outsourced education to all these wealthy Indians and Chinese rents have exploded in the foreigners can easily afford any rent
yeah but that doesn't really have to do with why the colleges themselves are so expensive
Not a big Peter Shiff fan but he makes a lot of sense on this subject.
You dropped $150 grand on an education you could've had for a dollar-fifty in late charges at the public library.
In 1950 the University of Pennsylvania, Ivy League, cost $600 for annual tuition. Federal minimum wage was $0.75 per hour. You'd need to work 800 hours to cover the tuition, which was achievable in a hard summers effort (roughly 5 months at 40 hours a week). Now Penn costs $60,000 per year. At the current federal minimum wage you'd need to work 8,276 hours to pay for the tution. That would take roughly 52 months or 4.31 years to pay just 1 years tuition. You'd have to raise the minimum wage to nearly $75 per hour to be equivalent. $75 x 800 hours= $60,000.
Tuition straight from Penns site. Min wage data from goverment site.
Thanks Peter for speaking the truth!
Universities made a decision to become buinesses a long time ago. They don't have students anymore, they have customers. They go out of their way to appease most of their customers. That's why you see so many videos of bratty students behaving abhorrently but nothing ever happens to them.
It's why it's very, very hard to flunk out of University today. Students can make a tiny effort and still get a degree because universities still need them to come back the next year to pay tuition.
Students get in to university now less on merit and more on what they can afford. You could be a moron but if your parents have enough money you can buy a place at Oxbridge or an Ivy League school.
Like I said, it's business and customers now.
"You could be a moron but if your parents have enough money you can buy a place at Oxbridge or an Ivy League school."... and become president to boot!!
Americans outraged having to pay $50k student fees, but think it's perfectly normal to pay $500k for a house made from sticks and cardboard.😟
Colleges sell brands not education
Nah... They sell access and networking
@@landonic81 maybe the 50 or so. The rest are just degree mills, mostly.
@@landonic81 not in the times of social media they don't. One can say that they provide a place where u can grow up
If Schiff ran for president, me and everyone of my gold bars would vote for him!
Hahahah fax
I took out loans that I’m still paying off and I worked several jobs during school and over the breaks
Just become a cam girl. You'll have those loans paid off by the weekend
@@landonic81 creepy
This brilliant guy is exposing everyone. Listen to this guy, young people. He is so correct!
Sad truth is, it was easier to get a job without a college degree than to get one with one.
$100 for a text book? It must be 1980 in his head because when I went to college from 2000-2004 most of my books were north of $200 and a few were like $400. Not to mention the classes where you had to get like 10 small books that were each $30.
Phil Russo imagine today kids probably just pirate all of them with the rise of digital copies
$100 for a textbook is actually really cheap
The most i paid for a book when in school was $20. Abroad, of course
Peter Schiff is the greatest!!
I can’t even imagine what my life would look like if I didn’t have the almost one thousand dollars coming out of my account every month. I could save for a home, or a car, or go to the doctor, or travel. When I was 18, I had no concept of what I was getting myself into. We shouldn’t have to start our lives out being in debt. I just feel so downtrodden and angry.
He’s forgetting/ignoring the fact that until the late 1960’s/early 1970’s, state colleges/universities were funded primarily by the state/federal government. It was when that funding started to get cut that schools started having to charge students more, which led to the increase in dependence on student loans.
Peter makes a lot of valid points but I can't stand his style of communication. He's not having a real conversation; he's just talking to get his point across.
This is a perfect example of being talked "at" rather than talked to.
4:03 Oooooorrrrrrrr do you think maybe that banks would just come in and provide these loans instead of the government, and the schools would just keep the tuition the same? Because that's most probably what's gonna happen. You're treating the symptom, not the cause with this "solution". The banks would offer these loans at a much much MUCH higher interest rate.
“Work your way through college, nbd”? I worked my way through college... it didn’t cover all of the books, tuition, and living expenses. He made some great points but this wasn’t one of them. It might have worked 20 years ago but not anymore for most.
His point was that if you eliminate government backed loans the price will resettle eventually to the point where you'll get to pay your way without having to work extraordinarily hard during school. This ofcourse would need to happen now and would only benefit the kids who would go to college 10 years from now. This is why we need to cautious when creating bubbles in education when guranteeing it and why we can't make naive policy that effects millions
Matthew Kennedy I understand that point, just not the way I took what he said in that moment. Hopefully we can get this thing fixed before I have a kid of college age. Truth is a lot of the things currently being taught in colleges should be getting covered in K-12 like they are in other counties. I grew up going to school with foreign exchange kids from Germany and New Zealand that were 2-3 years ahead of us when they came to the US. They couldn’t believe how bad our education system was and the lack of real world knowledge being taught (finance, taxes, etc).
Maybe if we had a better K-12 system, less people would feel the need for college and less demand would help push down tuition costs.
It's amazing how many ppl haven't heard this argument. It's so simple, yet so many ppl refuse to hear it or try and understand it.
Im a Brit and I constantly hear Schiff et al bang on about the American way, land of opportunity and freedom to make it. Balls. This may have been true in his fathers time when the population was smaller, when it was still the wild west of opportunity. Ffs man that old shit does not apply now with huge population and the era of Corporate oligarchy.
You have no idea what you're talking about. And Americans stopped caring about the opinions of Brits in 1776. And you prolly have bad teeth. 🇺🇸
@@landonic81 How does he have no idea what he is talking about? It is true that America is no longer the land of opportunity that it once was. Don't lie to yourself.
Then why do you speak english?
@@landonic81 Vague sentence + Vague sentence = Vague point
@@josephbrennan370 He's a Brit and doesn't live in America. His opinion doesn't matter. He's irrelevant
I didn't go to college. I learned how to work on cars. I could have made more money doing something else, but it was what I liked to do.
"Government is not the solution to our problem. Government is the problem." - Ronald Reagan
In my “private” high school everyone was expected to go to college. Just hearing about prices and loans made me skeptical of the college “system” . Became a tradesman instead. Thanks internet for the heads up.
I went to public high school and they insisted that everyone should go to college. The problem is that public schools or where I went to school did not do anything to help prepare students for college, let alone careers. I went to community college and had to do everything on my own because i was not given the proper help that would guide me through and it was me and my parents trying to figure everything out because of the incompetence of the beureucrats in the school system.
I wanna become a tradesman myself. But REQUIRED to have a GED or HS diploma. Piece of insignificant paper that holds so much power in this country. I’m two tests away from my GED as we speak. Hope to get it soon and finally move on with my life.
The problem is without accreditation most businesses won't give you a second look. Like yeah you could learn a type of engineering, or computer science. But unless you get the piece of paper from the institution, it won't matter. So my solution; learn your skill online super cheap like than just take a small amount of your time to learn a little Fraud, print yourself the piece of paper and boom your a whatever you wanted to be. Would not advise this for doctors or surgeons.
lmao. This probably happens more often than we think! This is basically the same as a "real" college degree (not all...calm down Dr. phd-lmnop) in terms of skill and practical knowledge...maybe better.
An excellent way to educate yourself legitimately is an apprenticeship. Trade schools and apprenticeships will be a large part of our future.... They will not be for "Tradesman" only.
I'd much rather hire an apprentice or someone who completed an apprenticeship than a high school mega-super-senior. Not applicable for everything obviously, but damn near.
#college is a fraudulent pastime. Its 2020 ffs. Bye-bye $tanfraud.
***no discredit to the people that worked hard towards a solid degree and are making our world better. That must've been really challenging and expensive. Thank you.
-blu collar phd
I agree, but I think peter is talking about useless degrees like lesbian dance theory.
@@yerangamage8472 Hey, I'd pay for that degree ;)
Instructor/Professor: "And you won't be able to take this class with the version 2.4.1 book, you'll need version 2.4.2."
Student: "What's the difference?"
Instructor/Professor: "They added 3 sentences in chapter 4.1. By the way, the new book is about $250."
“The government has the Midas touch in reverse. Everything it touches turns to shit.”
-Ringo Starr
It's called subsidized inflation
It has affected nearly every aspect of daily lives. Look at houses as well.
“Go back to what my dad did” LOL Look at wage growth.
In Quebec, a province of Canada, it’s $3,000 a year for college (university). It’s subsidized by the government, we do pay high taxes, but at least everyone can have access to a higher education.
Nobody cares. Canada is dumb
"if you think education is expensive now, wait until you see how much more it'll cost when it's free" - Peter Schiff 😑
1965 LBJ (Democrat) Higher Education Act as part of the Great Society agenda.
The most important thing said was, "If you think education is expensive now, wait 'till it's 'free'."
Can someone break that down for me? I don’t get what he means.
Jason Jardine It’s going to end up falling on the hard working people who pay taxes.
@@jarmo04 It means that nothing in life is free. Someone, somewhere is always being forced by threat of violence to pay for what is considered "free" to others. There's a name for that. It's called robbery. It's called theft. It's called tyranny. It's the opposite of freedom.
How are you supposed to "work your way through college", when the minimum wage is $7.25. Not enough to live off of let alone pay for college. For some people, taking student loans was the ONLY way to survive after high school.
The elephant in the room: stop taking loans you can’t pay. A public state school may not seem flashy but I pay through it with a summer job. Most of my friends are taking massive loans to go to private schools for three times the cost.
I've been in the "big boy" workplace for 10+ years and have interviewed and worked for some big companies. Not ONCE in my working life has anyone even asked me where I went to college
"21 down to 28"
😂
What college did he go to?🤦🏻♂️
You wouldn’t give most people $60K car loan, especially an 18 year old. Student loans are a disgusting scam
My teacher wrote a book, then made it a requirement for the class. He also way overpriced it. It's the same as if they require you to take the bus to school, and then hike up the bus prices.
Same
Same here.
But you can sell that $200 book back to the campus bookstore for $1.25 at the end of the semester.
You guys are idiots... Take this L and learn to question authority.
I can guarantee you, categorically, that your 'teacher' did not set the price on their book. It doesn't work that way.
Need to have Peter come back on, but not on Skype. He’s been a good guest in the past and is very relevant given the correct prediction on our current inflation situation.