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Cut the Cost of College or Increase Loans?

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    Matthew Segal of OurTime.org on his push for increased loans for college students and the continuing increase in the costs of tuition.

  • Duration 6:29
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Take a look at this for a moment please this is on the last night students at the root college -- testing highest solutions -- Students paid more getting let's -- Now don't listen to what might appreciate -- -- said -- our program yesterday.

And the complaint is that the kids coming out of college today do not know how to read well right well and do math well.

All right joining us now is Matthew -- from our climate dot com Massi welcome dot org.

Okay I'll I'll also not you want skewed more student loans to -- made more available.

And you wanna get college costs down right that -- basically want you want us what you're pushing a 100% right on say that a college education.

It is not worth it.

I don't think it's worthwhile spending all of this money going into massive debt for college education the way things stand.

I'm incensed -- the amount of money that colleges -- challenging more and more and more every single yet never goes down always goes off when you say.

Like completely agree that the costs of higher education has outpaced the cost of living by multiple of three which is unacceptable -- -- agreement there.

But you have to look at the facts because.

If you go to college you are likely to earn.

About 20000 dollars a year or more for the rest of your life.

And if you do not that was a good old deal it's not -- and kids presumably he would just look at the last few graduating classes -- think.

That a rough patch in a recession will dictate lifelong earnings lifelong earnings.

Are up to 600000 dollars more college graduates like this -- call someone who goes to college shows enthusiasm to go to colleges -- not.

They would've done well anyway.

Because they've got postal discipline then -- the rules they would have made more money than somebody who didn't go to college because they didn't have the discipline.

It's college is -- relevant to this argument college is irrelevant about calculation of future income.

Well people have been sold in narrative in this country that if you were carton.

You go to high school you gradually get good grades you get accepted to college you getting college you make it all the way through that you're gonna get a great job.

We've always been taught that colleges that take into a job right you're right but when we last saw all that behind a college and -- -- -- football but what I'm saying here.

Is colleges give you.

Skills that high schools do not and that.

Is poetry skill associate computer science engineering I mean those -- what I guess you could you -- that on other core of what a battle buddies at the public's -- -- to the sociology graduate is the -- I was a sociology graduate -- product -- and I you know and I I use that at the reading and writing in an oratory skills to help -- think with clarity.

And to help me create my own job ultimately.

I think at the end of the day.

A lot of it has to do with the market demand you look at where there's demand in the market.

We know there's a demand for computer science positions we know there's a demand for your -- position I agree that go to school for those but I agree I think people have to have a long term planning conversation with their family so do you think -- -- -- to spend 50000 bucks a year over a full year period 200000 dollars to study.

Art history.

V if if you might be Ugly Betty John this guy if you do get a job that you're certain will pay off your student loans yes.

But at the end of the day comes down to long term plan to make you think what are the other today.

You may do a thing of course but -- old and that's exactly -- if they think we here's the other thing that's important thing out.

States are cutting higher education first.

Why -- we dis investing in young people from getting an education which is gonna make our society more productive in competitive in their international.

We've seen that how we feel about this we stop tenured professors we -- -- three year contract get them and teach.

Not an idea.

I'd like to I'd like to have our tenured professors teach a lot more diapers but I also think I don't think it's rather the opposite capital professors have how are we spending all this model about ending -- how why -- we spend our money football field are you gonna are you gonna -- continue.

-- I I think we can go after certain industries and their salaries all day long I think for.

Yeah there's an article -- they'll do it touched a professor of seven very noble then then it decided drives up college because his tenure because -- we were talking before we cannot about the vice president of Penn State not the president the vice president.

Who departed as a result of the scandal he got 500000 dollars to walk away and he gets 330000.

A year for the rest of his life as a pension this is the vice president this.

Kind of overspending.

For -- position we can ridiculous also points out radio professors and schools who are overworked and underpaid so I mean we need to look and -- why isn't money is being -- -- can I guess what a lot of that -- allegation has -- government support they have been what we are beyond our -- government money for.

You are getting they don't understand the argument drives me nuts to just sit there and -- not getting college degrees is an inferior argument it's creating an inferior motivation for this country the point is.

Not to dis incentivize people to get college education if you think you're gonna get -- -- education -- Nazi ticket to a job and take ticket to freedom.

I've got another think coming for you every single one of us here has a college education.

And there's a reason for that it is not the end all be all we also have motivation we also got the right degrees to get -- employed if you don't want your kids studying poetry.

Don't allow your kid and pay for your kids to push and for them to go and study poetry forests and to get a job or do you plan for a satellite batteries and -- -- -- degree that will force -- to be employable.

Five years down the line last who have high -- Think at the end of the day.

It's all about the long term planning conversation that your family.

Looking at where they demand in the market is.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Matthew consciously it's very interesting I think it's a lousy deal currently but you don't Matthew cynical not.