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While the big deals are -- back -- back to the back of the envelope.
-- got a lot of the show about the problems facing college grads you've heard us talk about it a lack of job opportunities one big problem debt another big problem.
The average debt burden faced by newly graduating seniors is the highest it's ever been 23000 dollars.
Add up all the student loan debt in the country it's over one trillion dollars now.
One of the reasons is the pernicious inflation in college tuition and other costs.
Inflation in public schools beats out broader economic inflation each and every year this past year it was nearly 5% 5%.
And each and every year school said bells and whistles to compete for your college bound son or daughter's tuition dollar.
Olympic size swimming pools that sushi bar in the lunch room.
Because not -- not did you go to school like -- didn't.
So spending rises and tuition goes up as well.
Say that universities have their priorities screwed up is an understatement.
Especially when -- consider a story in USA today the paper reported.
State universities competing in NCAA division one sports spend as much as six times more per athlete.
The -- spend to educate students.
Think about it.
Likely for the first time ever per -- spending at these public schools top.
100000 dollars the spending rising twice as fast as spending on academics.
Here's the numbers 92000.
In median spending per actually.
And not even 141000.
On instruction for regular students.
Offer sports I love sports but let's face it these teams are moneymakers.
Much of athletic budget support multimillion dollar pay packages for -- -- -- hundreds of thousands of people who support those teams.
As a little Johnny struggles to make tuition for yet another quarter.
The prior -- -- are all wrong at the nation's schools which are sponsored by taxpayer dollars after all it's time for reform.
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