 Debt Unless you've been living under a rock or a pilot debt you may have noticed tuition prices have been skyrocketing College is more expensive now than it's ever been before Well, not exactly Long ago education was seen as a luxury as opposed to a necessity The only people who were able to afford schooling were the wealthy. Can you believe that mean all miss Jenkins assigned 20 math problems for homework and on the weekend too What if that's the case? Why is it that I was able to pay my college tuition work in a summer job? Nearly every time the government becomes involved with providing a good or service the price has gone up And at some point people felt college was too expensive and that Uncle Sam was best suited to solve this problem So the government began subsidizing student loans and for as greedy as you might want to claim some colleges are They can only charge what people are able to pay Once the government began to subsidize these loans tuition prices skyrocketed And that's because according to the National Bureau for Economic Research colleges respond to financial aid by increasing tuition So if anyone can get a loan schools can charge a much higher price. Yep in the end It was the wide availability of easy money, which led to high tuition costs not the privatization of universities And what should really shock you is that a ton of the money has gone to more administrators not better classrooms or more professors No now that we know where all the tuition increases are coming from we could start to solve the problem by trying to get rid of all These federal subsidies and maybe pricey but in the meantime there are plenty of ways to stay frugal for one thing There are all kinds of incredible ways to learn valuable skills and knowledge without going to college at all and a lot of them are free Like Khan Academy or MIT's open courseware Plus there are affordable trade schools that teach super lucrative skills that can get you right into a high-demand career But if you really do need a college degree you could attend community college for your first two to three years of school Get good grades transfer into the University you plan on graduating from do your best to negotiate some sort of scholarship and work While you're in school to help offset the costs these are all things I did in my degree ended up costing a fraction of what it ordinarily would have Wow, you sound like a pretty good example. What was your degree in was it engineering or law or PhD in medicine Bachelor of Fine Arts Hey, thank you so much for watching if you enjoyed this please check out feed org for more entertaining and educational content