Why College is so Expensive

College is expensive. Here's why.

Attributions:
Hammering video courtesy Unripe Content
Admissions video courtesy Cambridge Law Faculty
Security guard video courtesy Nevada Cop Block
Lecture hall photo courtesy Theonlysilentbob
UMass Amherst Commonwealth Honors College building photo courtesy University Massachusetts Amherst and used under Fair Use Guidelines
UMass Boston General Academic Building No. 1 photo courtesy Wilson Architects and used under Fair Use Guidelines
Ohio State University Photo Courtesy Nheyob

[AnimeLoverLife]

I went to college, it didn't work out and now I'm making a comfortable amount as a chef with no degree. Remember, sometimes a 4-year university isn't for everyone, and if that is the case for you then try a community college or a trade. Trades can be very high paying and don't require all of the four-year common core classes. I do plan on going to culinary school after making a bit more to pay for it, but for now I am content where I am.

[timothyhayes]

So basically, this can be boiled down to, in some countries, education is an infrastructure, and in the good ol' US of A, it's an industry.

[recreationalnukes]

So your just going to ignore the fact that all this wastefulness was caused by students loans.
if students couldn’t give all that money up front, colleges that charged it wouldn’t be able to stay in business, so less money would be wasted on administration and decorative architecture.

[Punished_Rustles]

telling everyone that they NEED to go to college is precisely what causes college to become so expensive.

[gwelwynn]

The most frustrating part of this video is the definition of 'millennial.' The oldest 'millennials' could literally be parents to the youngest 'millennials.'

[The_Horizon]

dont forget rich daddies "donating" buildings

[darklordrowan]

The true problem is students think ANY college degree is better than no degree, which is definitely not the case.

[Knightmessenger]

Also you completely LEFT OUT the Bennett Hypothesis which states that student loans have been inflating the cost of tuition. Basically it's like printing money that can only be applied to university. Sure enough, colleges continue raising their prices because thanks to loans, people don't stop paying.

[BobLoblaw]

I love your vids, but this one is severely flawed.

People with degrees make a lot more than people without, but we have to remember, correlation =/= causation.

People from good backgrounds and good parenting are far more likely to finish college. People from poor backgrounds with bad parenting are far more likely to not finish college. What this means is that the two groups of people (college vs high school graduates) are totally different pools of humans. The college degree is a factor, but their upbringings and environments are also hugely different.

[Architectdude]

I hate being called a millennial.
Edit: I’m not even a millennial I’m 18 lol, guess my 15 year old self didn’t realize that

[krisselissan]

In Switzerland a semester at University costs about 750-800 Francs, roughly the same in Dollars

[KnownNever]

Spend $40, 000 a year getting a Private Liberal Arts degree or spend $10, 000 a getting a Public University Engineering degree and get paid 5x.... hmmm

[Gonzaga]

"college is not that expensive"



tfw people in other 1st world countries don't pay 1/10 of that...

education should be free, educated people will make better decisions for the country. There's a reason why trump makes his speeches the way he makes; simple keywords that will have an impact on people, while not saying anything useful at all. He's targeting people without a college degree, and it is working.

[MrZeyami]

This video is pretty "US college apologist"; noone thinks that their money disappears into a vacuum. They already know that it's going towards costs. The unjustified nature of the costs are the common complaints. Saying "but it's an investment!" is just a trivial cop out in a world where a majority of students are not STEM and the value of education isn't measured in dollar signs.

[chinito]

I have to disagree and say that most colleges charge too much by taking advantage of the mindset that a college degree will get you a high paying job. America also has a bad mentality of letting people take whatever the hell they want vs putting up a list of professional jobs that are in short demand. Let me explain this. America needs more doctors, hence why we have a ton of people from India and China as your doctor. American needs more computer programers, hence why you have a ton of people from India and China. America needs...you get the point right? Other people have the right idea by filling in the jobs that we need but people here want to be artist, musicians, and entertainers which is fine, but you don't need to go to college to do this. Go to college to specialize in a trade, not because you want to find your inner self talent.

I got into computers and completed no college. I did about 5 years of IT and then managed several help desks for a few years. My salary has been in the high 90s range, all without a degree. Things changed recently and now just about every company out there wants a bachelors degree at a minimum if you want to be an IT manager. Therefore, I am stuck from moving into another management position unless I go back to college and "invest" 40~50K and 4 years of my life just for a piece of paper stating that I can do the job that I have been doing for years. Until colleges get cheaper, or even better, allow you pick the classes that YOU want, it's just money down the drain unless you get a high paying professional job like doctors, engineers, etc.

[robinsteiner]

I usually like Wendover Productions videos, but this one I didn't. The idea that universities need to appeal differently to students because 'millennials' are entitled is bogus. There are real structural differences between how universities today work and how universities in the 1970s and 80s worked that are not reducible to essentialistic claims about how a 'generation' acts. Things like the development of cheaper domestic travel, the US News and World Report algorithm-based university ranking system, the erosion of the tenure system, and a reimagining of the university as a business providing a product (education) to consumers (students) have all changed the way universities operate. A better analysis would explore these concrete issues and not rely on specious unprovable claims about generation-based characteristics.

[Dave_thenerd]

This video does not explain why College is much less expensive in other countries such as in Canada where I am studying at Fanshawe College in London and am enrolled in a 2-year diploma program which is going to cost me about $10, 000.00 CND ($7388.63 USD) total, not to mention the very low-interest student loans which in fact do not even start accruing interest until 10 years after the study period is completed! Also many people including myself qualify for (sometimes hefty) government grants to incentivize low-income families to send their kids to college and help improve the economy by educating more people while also drastically lowering the poverty rate. Physically disabled people can also qualify for generous grants which leads to more disabled people being employed easing any perceived financial burdens to the state while making disabled people more independent and productive. And yet, I feel my College education is of equal or greater quality than most available in the USA. In addition, Canadian colleges do not skimp on the amenities or the architecture or the sports or anything that makes college a joy to attend. So why in god's name does US College cost more than 3 times what you might pay in Canada and more than 4 times what you might pay in Europe? In fact many European countries have FREE College all you need is legal citizenship to qualify for it!

[toasty]

In canada it's much much cheaper for the same quality of education.

[TheUltimateRPGOfficial]

I kinda wish I could just learn from the internet instead of having to go to an official institution to get a piece of paper proving my knowledge, but I suppose that's the world we live in.

[RemedialRob]

I really like the channel but I have a pretty big issue with the way this subject is presented. I feel like a lot of stuff is glossed over or completely omitted in the calculations of not only what school costs but also what the total revenue of the schools involved is, what the government's contribution is, the final cost to students with fees and fines and tax credits and interest on loans. It also ignores things like alumni donations, which can include long term and rather huge funds that take a large cash donation, invest it, and funnel the profits yearly to the school in the form of grants, scholarships, and even yearly cash donations. It doesn't account for how many students are paid for directly by scholarships (though it does mention an average donation) which increases the student count and in a roundabout way increases costs to the student paying out of pocket. It doesn't talk about revenue generated by non-educational programs and how they affect the school. It doesn't talk about the fact that a lot of schools will offer free classes to alumni so they can return to take additional courses at the school over and above their degree free of charge and it doesn't seem to consider that government may be contributing less per student to schools but if there are so many more students than government may in fact be contributing more overall than it has in the past because 3% of 1000 is less than 2% of 4, 000. Additionally while the 500k claim that you will lose may be statistically true it does not (incorrectly I feel) point out that many trade jobs like plumbers, electricians, mechanics, and so on can in fact go on to make a lot more than the average college graduate and that when choosing to either go to college or get educated in a trade one should also consider job security because as a society we have historically always needed people to fix cars and unclog toilets but many college education requiring jobs have disappeared through globalization and they often require much more specialization than trade jobs do. So even if there is a housing bust and you can't seem to find work in construction if you are handy with tools you will most likely be able to transition to other work that also uses tools where as the guy with the Art History degree is probably not going to do as well when all of the sudden museum attendace plummets and the art economy collapses. In short I'm subbed to this channel and I usually really like the vids but this one feel sort of lazy and sloppy. I don't mean that in an offensive way. No one is perfect. I just feel like the omitted info paints an incorrect picture of the subject at hand which isn't super great for anyone watching this informationally.