Student debt has become a national crisis, with 43 million Americans carrying more than $1.7 trillion in debt. With some questioning the value of a college degree, efforts are being made to eliminate college from many corporations’ job requirements, while promoting skills training for “new-collar jobs.” Correspondent David Pogue talks with Wharton School of Business professor Peter Cappelli; Ken Frazier and Ginni Rometty of the OneTen Coalition; and with young people taking different approaches to higher education and the workforce.
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Not🎉🎉
$280k of debt from 4 years of Pennsylvania State or $70k/ year ?
After college and graduate school I had about $41,000 in student loans. I paid it off in 10 years.
No it is not worth it – everyone wants to be gracious and not have hard death forced blocked stu-den-te loans . . .
Thank god my dad pushed me to do community college … Jesus Christ
My PhD in Unicorn 🦄 Studies is TOTALLY worth it… if you disagree then you are “far right” !!
If you're under 25 yes, student debt is worth it if you're over 35, not worth the trouble.
It’s not worth it. It’s a lifetime debt trap if you’re not making upwards of 110k a year to have a chance to pay it off
Why do they put interest in student loans?
She had fun in college. Like college is a amusement park. 😅
Sorry kids but it's YOUR student loan debt, it's YOUR problem. The idiocy of today's whiny, entitled spoiled brat millennials is that they think the taxpayers OWE them an education. THEY DON"T the US Supreme Court made that VERY clear. If she doesn't want to pay back her loans, so be it, but she will NEVER get a credit card, an apartment and it will keep her from getting a good job. Barrowing and repaying your loan is just a part of growing up. Today's millennials are like children who refuse to grow up and still live with their parents long after they graduate. It is NOT the government's responsibility to pay off YOUR student loan! Thank goodness for the US Supreme Court confirming it!
280K that called just going to school not actually thinking about how to pay for it!!!
I'm sorry, but if someone has 280k in debt, HOW DOES YOUR JOB NOT PAY IT OFF?
I gave up after it took me 8 yrs to get a two yr degree
A government that taxes people without doing anything for them is an illegitimate government. The U.S. government deficit-spends a trillion dollars a year and hands it over to defense contractors and the Pentagon. So they are perfectly capable of making college free with no strings attached and canceling existing student loan debt.
I can't even start how much this pisses me off
Higher education has so many worthless degree they offer. After you graduate with a worthless degree your in debt an working at a gas station
That's why I don't go to college!
1:23 lady, you never could do that. You're 280k in debt. You're not going out to eat or on holiday for years
the google certs thing didnt age well lol with all the tech lay offs.
Not anymore. Unless you becoming a doctor, engineer, teacher, lawyer,….jobs like that.
Nope!
1:00 43 millones debe más de 1.7 trillones de dolares 2:34 La mayoría no se gradúa
Got 1 Bachelor's and 2 Master's. Finishing up 2nd Bachelor's and about to start 3rd Master's.
Community College is terrific, under-rated.
1) That graph they show at 1:34 where college cost diverge from the CPI is when government started to get into securing loans and the continued to deviated as shown as those programs increased and college charged more because they could and they had to pay for all the non vital amenities and marketing they used to attract students.
2) She's 280K in debt for Penn State when Penn State is currently around 200K with housing/food plan for out of state. Maybe that's interest for paying less than minimums or maybe she did what so many others do which is to take out more loans for study abroad and/or other expenses beyond the basic cost of the school. Either way, it's just bad financial decisions that are the result of giving access to loans for insane amounts of money to kids who have no real world financial experience to understand what they are doing. One of my own kids just applied for colleges for Engineering and he applied to Penn State. It was second on his list for where he wanted to go but they didn't give him any merit scholarships and the final price tag of $200K was close to double the cost of a couple other schools where he was accepted and given merit. Even though the other schools had lower ranked programs, he had the common sense to realize Penn State was not worth almost twice as much as the other schools where he given large amounts of merit money.
majored in Economics, it was a bad idea! LOL was not worth it.. now i am going to go study computer science 🙂
Millions would file for bankruptcy if they could. Only in America. Next step is to get married. Have a few kids. Get divorced. Move back home. The American way. Don't forget to apply for government assistance.
Engineering, Architecture, Etc are 5 yr degrees minimum. Then some classes are only offered once a year or every other year which can turn a 5yr program into a 6yr program.
At the very end of the video the gal living in the basement in San francisco couldn't answer if she thought her 280k student debt was worth a lifetime of financial struggle. Wow!! All she could say is she's thinking of returning to law school, presumably taking on more debt, in hopes of making more money. What she fails to see is there are plenty of lawyers who are eyebrow deep in debt and not making the money they thought they would be. She should not let go of that basement anytime soon.
Instead of staying low, or no interest government loans, with a minimal fee structure, most Student Loan Debt is sold to, or generated by shareholder traded, for profit Student Loan CORPORATIONS. Student Loan Debt is a money making industry that creates a class of indentured servants. It is aided and abetted by Colleges and Universities everywhere, who are desperate, and ruthlessly soft peddle students into taking on huge educational loans to perpetuate their institutions. It has created a generational crisis that will affect this country into the next century when combined with unaffordable housing and healthcare, driving the US birthrate into the Abyss. And the Republican solution? Ban abortion.
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