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Aren't -- one trillion dollars that's total amount of student loan debt out there according to data released by the New York fed -- Getting bigger 37 million Americans are carrying that debt that's an increase of fourteen million since 2005.
It's now higher than credit card debt.
But in carrying co-founder of the website course Sarah dot -- it may actually have an answer.
He joins us now -- thank you for taking the time to -- with -- OK see you decide to start this website that offers.
Online courses -- -- I think lost here on this that that we often if you beyond my causes each of which have been enrollment up like a 100000 citizens and out.
And what we saw the impact of that before confessing to do was upon you know what the best professors that best universities so that and you so that they -- can offer -- online -- -- to anyone in the world.
And you did get him some big universities professors from University of Michigan Berkeley do you even university and number I know are all on board.
You have a 111 courses now -- -- -- pretty technical is it tough to take of course.
You know a machinery course for instance you teach it -- tough to take out online.
Says he's -- you note.
Causes commiserate with the high academics that this -- please -- Princeton Stanford at cal tech head and so on.
But tell the nice thing about that is that is genuine wakes up tomorrow morning and he is like taking a prison costs you can now do that for free.
And the fact is offered by president you know I think because it gives -- -- short yeah it is a serious cause that you take and you learn something meaningful.
Some of the free park is this is the -- that everybody wants to know how do you get away with offering it for free high -- money.
So because of the studios it was you can teach these -- it really changes the economics when one professor can teach 50000 students.
One thing with looking at -- student placement services where interested also to help them find a better job we can help introduced them to employers -- -- something.
Don't let -- bring in money from employees without -- to talk to student.
So there are online universities out there that charge tuition why not -- something.
You know what and also the -- -- and I think.
But thoughts when I -- five dollars and ninety Yasser is that many of the most needy people in the society launches in the US been reported in Africa the -- -- hi there.
Not only do they now have five dollars didn't even have a try to caught.
And disrupt the wall preventing them from to -- across this would be a tragedy.
You've raised money though you have big investors interested in -- from not mistaken about 22 million dollars has been raised.
Towards -- company -- tickets on the road and go public eventually.
Boy where it's despite all the publicity have gotten despite the fact that play into thousands since we're asked the other he has six months those seventh my no company was very young -- long -- for an IPO refocusing like giving -- a great experience right now.
Love the fact that -- the president getting involved -- and -- thank you so much for sharing your your insights in your new company with us.
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