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What to make of schools that can no longer just tape would match laughter.
Christian Dorsey and Lindsay heads -- Lindsay -- -- -- -- We don't it's a little misleading while there certainly are some institutions that are making concessions in terms of tuition costs are very out write reductions.
When we look at the system as a whole -- tuition costs are still on the rise whether it's private very -- -- so the group break now may not be as gross says it has been over the past several years but it's still is on the right so this is continuing to be a problem for the average American family.
In terms of affording to send their children to -- how -- without some sort of -- Or financial assistance and that's certainly is contributing to this attendance reduction.
But I think the bigger issue -- -- were finally questioned the value.
Of these very expensive college educations remember the average human coming out of university.
-- strapped with tens of thousands of dollars in debt and yet only two out of three students actually put that college education to use.
So as were -- reaching this precipice in terms of elevated tuition costs I think this is going to.
The conversation so we finally start asking questions like.
Does everyone benefit from a college education or is it really worth while the strapping younger generation and owners amount of debt but there's no additional benefit for society.
Well whatever -- is going on it's it's the fan and I think that the question is whether the government has actually contributed to that by constantly.
-- you know a student loan guarantees and student loans themselves.
It's sort of fed -- days because visited the colleges turn around and say well they're given bigger loans out so we're gonna like -- but bigger and.
It's yeah that's right this one of those bubbles that hasn't gotten the attention that it really deserves.
Government is essence subsidizing all these schools he -- including these private Ivy League schools -- these prestigious schools.
There essentially subsidizing that school by making it financially possible for kids go to school there not only not only giving them loans.
Guarantees -- out right outright grants so I think this is something.
That that this did their time has really come to an end because.
-- the American -- just can't afford these schools and he -- the student really walk away from an undergraduate education with 20250000.
Dollars in debt.
I'm in my forties I just paid off my school loans a couple of years ago nobody sat down with me when I took out my school loans and said.
He'll be paying these.
Into -- you know it nearly a grandfather.
They have to you know so that's got to change in all this the other thing that's happening meals that's great competition -- -- are schools are really competing including.
Profit color absolutely -- -- mind it's wonderful but you know Chris -- -- might take away from this is.
What an idiot I was to pay the lowest price because it actually could be discounted 45%.
-- to the point where no one days full freight.
Apparently I did and dual.
Then and from my daughter as well that's neither here and there I understand you know we have a little bit more -- and and you should pay more and I do and did through -- -- But I think what I came away from this is thinking.
-- and is there that much had built into our educational system.
That they can effectively.
Be discounted stuff up to 50%.
Well you know Neil this is a flawed market higher education and you know first things first college cost they've increased -- far past three of them played absolutely -- -- -- this is not.
Yeah this is not a new phenomenon and what you have going on with colleges is that they have.
Decided that the to appeal to the selective students.
They have to build newer and bigger building bigger stadiums.
Pay you know outrageous salaries for coaches they're so many factors that are built on -- spending more.
Not necessarily provide value for students but to make themselves stand up.
It ought to have Chris tonight a lot of them are little more deviant sinister than that now some might try to provide more by getting in a lot better librarians and all that stuff.
But Lindsay my real -- with a lot of this is that they just follow the money in a basic college loans going up and and the amount the government will guaranteed -- -- -- going up.
They win Willy Nilly -- -- increases that is Christian -- pointed out a way exceeded inflation year in and year out and and and sort likely digs up right now.
Oh sure but -- universities are competing among themselves to create these gorgeous campus says offering rec rooms with climbing walls.
And all sorts of activity lesson that I had -- letter stated idea.
If my kids what is -- -- have you seen are climbing wall I would say that no we're going to check this other school.
Well and that's what's so frustrating -- keep in mind that many of these private institutions that are offering these reductions are more on park in terms of rankings with public universities.
So it's not the first hear those top tier private schools they are certainly not offering any reduction -- Don't -- -- real select -- to say nothing of the Ivy League schools.
You know they don't have to do this and they're not doing a spot but that did did the bigger picture in the step away back here that is.
Where is all of this going I mean they've finally coughed up and realize.
You know there's a limit down -- we can be -- -- there's a limited to.
How how much we can keep liking because we've hit the point of the above talk about finding what we've that the well.
Yeah look they're having to listen to their customer and there haven't look at -- bottom line you know it -- there's a great irony here many of these schools.
Take our kids in the educated and they really -- it they really kinda -- little laboratories to create little left wingers after college and that there's a real progressive elements a lot of.
I don't mind having some being very nice people like Chris and and and that's Larry but I okay equitably minded but many do not.
And about how fair bit but here's the issue I think people are looking out.
The whole college experience and I think they want something a little different and I think these colleges are gonna have to examine exactly what their -- I know I'd have to think twice.
Were spent in a quarter of million dollars on an education if I didn't think my kids -- learning what they really need to get a job and get ahead in the world.
A lot of passing by one little guys very -- really inherently.
And I think you know health and future and in that kind of government had a desire to edit and and every week -- we scoff at that by the of those -- -- -- -- that's.
That I now encouraging but but I digress what do you make aware this is -- leading Christian.
Well I think this is a really important discussion because it highlights -- you know college used to be something that you could pay for as you went.
Or previous generation your parents paid -- Now you're paying -- -- out a future earnings and it looks like the future earnings of college graduates the premium is not quite what it used to be.
So what we're seeing now is that a college education is really not.
Keeping pace with -- its market demands and that's something that is really critical moving forward it's gonna cause a lot of students to think twice as we've all been talking about about whether this is worth it so you'll see.
Perhaps other people getting involved in vocational trades -- -- really deciding not to get into this whole idea of needing to be in the most.
Prestigious an exclusive and expensive college out there and seeking better value for their education dollars.
Our guys a -- stick around we'll see a little later in the show in the meantime.
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