Summary of Why College Is So Expensive In America

00:00:00 - 00:15:00

The video argues that college is expensive in America because of the high cost of tuition, the need to pay off loans, and the increasing demand for degrees. The presenter suggests that various solutions, such as income share agreements or free college, could help make college more affordable.

• 00:00:00 College in America is expensive because of the high cost of tuition, the need to pay off loans, and the increasing demand for degrees due to the changing demographics of American higher education. The G.I. Bill helped many veterans attend college, but the debt crisis of the 1970s led to the proliferation of student loans. The U.S. News and World Report college rankings, which are based on name recognition, prestige, and wealth, played a role in influencing students' decisions.
• 00:05:00 In America, colleges are expensive because of the high tuition rates and the large amount of student debt that students must pay back. For-profit colleges are one option for students who are looking for a more affordable and flexible path to a degree, but they tend to have a higher rate of student loan default.
• 00:10:00 In the video, college is expensive in America because for-profit schools have been set up to make money, and many students end up with large amounts of debt. There are also controversies surrounding non-profit colleges, as many of their tuition dollars go towards helping other students pay for their schooling. Although many people have college dreams, many struggle to pay off their student loans.
• 00:15:00 The video's presenter argues that, in hindsight, college may not be worth it for everyone, as the cost of attendance can be high. Various solutions to the high cost of college, such as income share agreements or free college, are proposed, but the presenter does not agree with free college. The presenter suggests that, in order to fund free college, taxes should be raised on those who currently pay for their children's college.