 What's happening guys? So looks like late 2019 the government released a new government website or at least they made it a lot better than it was before called the college scorecard and this is collegescorecard.ed.gov so basically what this site does is it gives you some very important information on individual colleges right because if you've been watching this channel at all you'll know that you know some universities give much better educations and they give you a much better price than others and it actually breaks it down by field of study so it doesn't just say as a whole this is how much students are making afterwards say this is how much our engineering students are making this is how much our you know liberal arts psychology students are making this is how much our film students are making this is how much our business students are making that sort of thing it also goes over how much debt students are graduating with how much it's costing per year per student what kind of pay students are getting with certain jobs after they graduate with a degree and this is a super amazing resource and it's one that I haven't mentioned before on any of my other videos I will be using this a lot in the future to do research I think it is definitely something you should look into as well this could be a game changer in terms of people making smarter decisions on if they should you know spend four years of their life and go $80,000 spend $80,000 and go $30,000 in debt to get a degree or whether they should maybe go to a certain university this will definitely help you with those sorts of decisions and it could be a real game changer now this is going to be a super quick video I'm not going to spend too much time on this because I think I'll be using it in the future but I am going to go over a few examples just to illustrate my point okay so this is the college scorecard for the University of Phoenix and I'll kind of show you how to find it it doesn't have the best functionality for search to be honest with you but I just typed University of Phoenix in and of course they have like 700 different ones because they have one for each state and then I clicked on University of Washington and it gives you some preliminary information down here which is pretty good you know definitely some pretty good stuff to look into but let's go back to it because it gives you a lot more data when you go to the actual page now the average annual cost is around $13,875 that's pretty high especially considering this is an online university you know their overhead should not be that high and you know it's because they make a lot of money from people in my opinion I could be wrong about that but that's my opinion on the matter I think a lot of you know what my opinion on most online universities is so you can kind of go down here it breaks it down by you know cost talks about you know average annual cost from family income doesn't always give you a ton of data because you know they might not always have a lot of data to work with but it is definitely very useful you look down here this is very good information to have graduation rate is 38 percent that's extremely low now I want you to keep that number in mind as we look at some of the other schools okay so this costs you know $13,875 there's 38 percent graduation now one thing that I will note here is this only goes over four-year colleges I don't believe they're going over graduate programs yet with this that would be great if they did I have not been able to find that yet if you guys can find that let me know you know it breaks down saying you know 61 percent of students withdrew from the program probably because they weren't very happy with the education they were getting you go down here it'll tell you how much typical monthly loan payments students are paying that's really amazing information to have I mean that's just that's extremely useful because it'll give you a very good idea of what you would be paying after you graduated from the university now one thing that's really cool is it breaks down salaries by fields of study and it gives just a kind of an average range of all salaries here right but then it also breaks it down by different fields so you know the business administration and operation people they're going about $38,000 into debt and their you know their median earnings are about 46,200 a year the human services general bachelor degree 44,000 in debt 31,000 median earnings now this isn't how much it costs right this is how much they go into debt they might be getting grants you know a lot of them might be you know military for instance they're getting it all paid for so this is the median just averaging out everybody seeing how much they're going into debt so a lot of people are probably quite a bit higher than that median total debt 42,000 44,000 42,9 you know these are these are generally not very good numbers right behavioral science they're only making 29,800 that oh and they're going 41,000 in debt that's rough 47,000 and then 39,000 is all they're making public administration bachelor's degree 52,000 and then median total debt is 43,000 you know just just giving you some food for thought here it's really cool how it breaks it down by all the majors that they offer now let's go over to you know just because I'm doing this in Washington I live in Washington so let's let's go over this this next one is going to be the University of Washington in Seattle right so the other one was almost 14,000 University of Washington very well respected university costs about 12,000 okay still pretty dang expensive I would always recommend doing the first two years at community college and then transferring your credits so you only have to do that for two years that's my that's my recommendation but you know it is what it is now pay close attention to this number here 84% average graduation rate 84% the other one was what I think we what was it 30% or something yeah 38% graduation rate versus 84% graduation rate I mean that's just like night and day there's there's a huge difference there these are the sorts of things that you really want to be doing research on before you decide to go thousands and thousands of dollars in debt spend like 50 to 80 thousand dollars on an education these are the things you need to be seriously researching making sure that you're going to a school where you're going to get a good ROI now let's look at some of the cost breakdown here okay so they have more information they kind of break it down a little bit more by family income so if you're you know if you're from a very poor family it looks like they offer a lot of scholarships this is great information man you see you see how this works like you are you are at your fingertips you have access to this information this would tell a lot of people that there's a good chance that they offer a lot of grants and scholarships to poor families they help poor families out whereas you know people who are making a little bit more they probably don't get as many grants and scholarships right so if you come from a poor family it might be a good idea to go to a university like this who offers that kind of help and resources to you students who return after their first year this is another metric they do 94 so you know the main two reasons that people don't finish college are a they drop out because they don't think it's worth it right you saw that a lot with the university of phoenix and then b the second reason is because it's really hard they drop out because it's really difficult so that's something you can kind of think about when you're looking at these statistics and then the the third one that I forgot about is nine percent transferred so transferring isn't necessarily a bad thing because you still get to keep those credits like maybe they went to university of washington for the first two years and then they decided to transfer somewhere else for whatever reason maybe they have a better program there or whatnot but guess what they still get to keep a lot of those credits so that's not necessarily the worst thing in the world let's move down to financial aid and debt it looks like they're paying a lot less and financial aid than the other school isn't that crazy huh hundred and six to two hundred ninety seven dollars a month the other one was in the five hundred dollar range what does that tell you now we have the salary after completing the field of study you see there's a much bigger range here it goes all the way up to about hundred and fourteen thousand dollars a year um in that range but it does break it down by field of study now it kind of gives the most common uh fields of study here and you can look into this like you know psychology very common people are making about thirty two thousand eight hundred median after they graduate and they're graduating with about sixteen thousand and debt now that is a lot lower than what the other school was graduating with why do you think that is they were almost around the same price in terms of the total price but the other school had a lot more in terms of the total amount of debt they were graduating with to me the reason for that is probably because the University of Washington offers a lot more options for getting your schooling paid for and they probably offer better counseling and more guidance that will you know lead you in the right direction you know again i could be wrong about that but common sense tells me that's probably why people are graduating with much less debt you know we look at the communications they're only making about thirty seven thousand but they're graduating only with fifteen thousand dollars in debt that's not too bad biochemistry making thirty one thousand graduating uh with fourteen thousand five hundred in debt economics only about eighteen thousand in debt they're making about forty four thousand political science sixteen thousand in debt making about thirty five thousand um let's see finance sixty thousand only about fourteen thousand in debt mathematics forty four thousand fifteen thousand in debt computer science of course they're making real good money sixty eight thousand only about fifteen thousand in debt uh public health e not too bad i guess thirty six and sixteen and then uh general i don't even know what the heck that means bachelor degree area studies i don't know what that even means but you can even go further um and it'll break it down a lot more than that right you can go look up the really niche ones okay so let's see engineering and there's like aerospace engineering bachelors masters doctoral from what i've seen it doesn't give too much information on the masters in the doctoral degree but okay bachelors you're getting about you know fifteen thousand in debt sixty thousand that that's not a bad investment right there guys that's really not too bad now you'll notice you know uh some a lot of these will not have um information for certain ones like uh let's see biomedical engineering it won't have information just because there's just simply not enough people who are graduating in that field to have a lot of information on that so if it doesn't have any information you know that's just the way it is civil engineering sixty one sixteen thousand you know these are all really good ones but what i'm going to do here is we're going to go ahead and compare a degree from the university of phoenix to a degree from university of washington right so i'm going to go ahead and find one that was offered at the university of phoenix that is also offered at washington right so okay so i'm choosing a totally random one here uh accounting and related services is a very common one obviously you've got accountants you know um everybody knows what that entails it's kind of a business related degree uh they're going about forty two thousand in debt and they're making about forty one thousand at the university of phoenix now go over to the university of washington they're making over ten thousand dollars more and they're way less in debt they're less than half the amount of debt so what is going on here guys this is why this is such an amazing resource that you should be using another one i kind of wanted to just drop in here right at the very end i'm looking up uh columbia university city of new york this is known for being one of you know very expensive private university um and you know again this is just undergrad right this is just the debt that you get in when you go in undergrad so this is not the debt that we're talking about um if you go to grad school it's just undergrad okay so you know twenty four thousand that's almost like double what the other two were and that's just undergrad we're not talking about grad school or anything like that and then let's look at what they're graduating with in terms of debt again we'll go ahead and find like a business related degree i guess we'll look for accounting if they have it okay so it looks like they don't have they don't actually have the accounting major um okay so okay so i'm i'm having trouble finding anything from them so i guess i'll just stick with their most popular fields of study here um let's see political science all right they're graduating with about 25 000 in debt and they're making about 51 000 so this is a little bit more than what um university of washington was graduating with usually they were around like you know 12 000 in debt or something like that not too bad and uh median earnings were were probably about the same so just something to think about you know going to a private university maybe if it's at the top you know for whatever degree you're considering that might be a good idea but generally it's going to be a lot more expensive again this is just a really great tool for you guys to use so definitely check it out overall just gotta go ahead and check out my videos here made them 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