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If your track coach is taking to the -- but that was yesterday story.
Today we're gonna talk about something else which is college and education and there's been this debate we've actually had on the show for an over the last few months which is.
A discussion about education policy in America.
And whether or not every college should be the goal of everybody there are lots of different opinions on this Roberts Amazon as a columnist.
-- said that.
-- the largest mistake in education policy since World War II.
Was this notion that everybody needs to go to college that it has -- dumb down the college.
College itself that it has undermined high schools and then you have people that are graduating that while they're earning potential is larger throughout their life.
They actually carry a lot more debt as well and Peter -- of PayPal.
I was on sixty minutes a couple of weeks ago because he has -- innovative thing that if you agreed.
Not to go to college you give you a 100000 dollars and you can work on your idea let's listen to him -- and get people's.
Be less good colleges are like the sub prime lenders.
Where people are being up being conned into thinking that the school.
Credential is the one thing you need.
To do better in life and they're actually not any better off after having gone to college to typically are worse off because they've amassed all the stepped.
Others are a few minutes at not -- -- have children.
And Bob let's start with you though because you have one that's about to go to college and so when my children were born did you automatically think make.
Of course they're going to go to cause if that was your dream in your goal for them.
Yet sure but I but I -- that out of my own experience for here's a reality is now there's more student loan debt than all credit card -- this country combined number one.
This -- these kids are getting straddled with debt that they can't pay -- get -- liberal arts degree which gives them virtually no training to do anything except.
Maybe ball -- -- that but.
I don't understand why it went on Obama says for example that -- the jobs of the feature nursing for example is a critically important job.
Might need seven to be a nurse she had to go through four years -- liberal arts school and then two years together.
Our -- would -- -- I think yeah.
I asked what she -- gone -- years of liberal -- and then do two years aren't there it is things like.
And maybe there lover's face.
I mean -- you don't need to go to college and and build up 50000.
Dollar -- out of that and -- cases that parents aren't getting what they.
Paid for our artists are students -- for themselves because Eric an article on pioneer posted a tuition has quadrupled since 1980s are you getting what you -- wanna somebody did some research -- check it here only for bringing a -- product.
No degree vs a degree which when he -- to chance it took him to OK -- degree over a lifetime on average you -- one point two million dollars.
And it -- -- -- and if you saved 80000 dollars 20000 dollars per year for years he saved and invested it.
It be worth around 300 grand at the end your career doubles a couple of times plus a little bit.
How one point five million bucks with a degree on average you earned 2.0 yeah and million dollars the degree these awful the lifetime plus if you have.
If you have an advanced degree at a million dollars at least to that number so what do you by the numbers you gotta go to college.
I'm Kim became mine and -- before we run -- -- plan to get to unite quickly because.
Would you hot if you're a position to hire somebody -- and you had a stack of resonates do you think that you would be more or less likely to that one aside that acts as somebody who didn't have a four year degree.
I would absolutely look to see what their experiences maybe somebody had -- meaningful valuable intern ship and they were able to be able to be better suited for the job -- like practical real life experience I wouldn't they have the degree.
With -- -- -- -- -- that they aren't commenting at an economic generic parents are spending 200000 dollars I have their child move back into his old room.
And really why would any why would any university if it's administrations now are coming out -- we'll forgive your student loan -- And making cheap credit available -- that's what happened in the mortgage bubble cheap easy credit everybody credit not to pay back.
Why would universities keep their tuition rates I don't back there's always a candidates do not I flunked every Latin class I was right every single -- they still make you -- Latin for watched.
I mean did well and help you understand the roots of words that stand in -- you can -- -- -- need to be on jeopardy.
Com I don't bring it up our.
I have to -- I don't get that went school and that's it.
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