Expert predicts 25% of colleges will fail in the next 20 years
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- čas přidán 30. 08. 2019
- For millions of students, Labor Day weekend marks the end of summer vacation and the start of another school year. But for the first time in 185 years, there will be no fall semester at Green Mountain College in western Vermont. The school fell victim to trends in higher education that could soon impact hundreds of other schools. One expert predicts that 25% of colleges will fail in the next 20 years. Brook Silva-Braga reports.
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Lending $100,000+ to millions of 17 year olds with no income. What could go wrong? Regardless of whether you are a democrat or republican, I think we can all agree that something needs to change. This is not sustainable
I gotta admit when I was younger, I was careless with my money. When I finally got my settlement money from a car accident that happened three years prior in 2012 (the accident was in 2009), I should've put that money in an online bank account instead using most of it to spend on crappy service from Cricket.
They... The rich have what they needed.
Nate O'Brien at 18 your can join the military and go to war. It was the students decision to take a loan. Responsibility is key
@RedRose7997 I didn't even realize that was a viewpoint until you mentioned it. Resentment for others? I'm happy I had the chance to get loans and receive my education. Now they're nearly paid off. I would never think to get angry if say, my younger brother, had a better system than I and didn't have to spend as much for an education. I think earning a degree should cost something, but not the ridiculous amount it does now.
@@billyjean610 what does joining the military have to do with anything
This country is in full decay
This is what happens when you destroy the middle class
Fo Reel not true. Most are lower or upper/ upper middle class.
Middle class is just a fancy word for people who aren’t rich who don’t want to be considered poor.... you have
Poor
Rich
And Wealthy that’s it.
Ok, Karl Marx
This is what happens when you peddle an overrated, over-valued product.
snakey973 And higher education led the way in the destruction of the middle class.
They’re not “customers” they are STUDENTS. That’s your problem right there.
Ya, students that know full well they have to pay back but insist on waiting for the government to bail them out. Your a student that DECIDED to take on the debt... now pay it without the whining
@@ashtonkelly886 the interest rate on student loans is higher than the interest rate on federal loans as well as bank loans. So freshman coming in with a minimum wage job who are given 100k loans, have no way to pay it. They have a minimum wage job. That's enough to barely cover the minimum needs. Maybe schools should reevaluate how much they're charging if they want to stay alive. The people coming into them are not all able to pay back the loans. The issue is the loans rack up over time. So if these minimum wage college kids can't pay it off now, they won't be able to pay it off later unless they're making a lot of money as a doctor, lawyer, etc.
At some point these institutions turned into a business and businesses fail.
@@CJ-kn1cj They were always businesses, the problem is the stupid availability of credit that permitted them from racing prices without consequences.
@@ashtonkelly886 Imagine thinking people who wanna be doctors and surgeons should have to pay ANYTHING for keeping our obesity ridden populace alive.
There’s too many useless administrators making six figures that do almost nothing for their student body. Eliminate those and you’ll have better hope in lowering the costs for college.
Good point!
And coaches that make five times more than proffesors.
@@Spaghetter813 at least college sports bring in money. Administrators just waste it while providing nothing.
I cant think of a single time I've seen or heard my president do something beneficial to me. Especially during covid my school did everything wrong during a pandemic.
It’s the federal government that requires all these admins- an admin for diversity, an admin for women, an admin for everything
It's almost like college shouldn't be a business.
UPDATE: Guys I posted this like a year ago, if you are still commenting on this please go outside.
Liberal college
@@daeding5343 Restrictive College
They only became a business when student loans became a business..check out what college used to cost before widespread student loans and after...You can't blame inflation for that one - the only thing that got inflated was administrative and instructor salaries...and we still feed the pig..
George Treepwood exactly! When the Government started to lend money to everyone is when the price of college started to sky rocket. Like always, Government creating more problems than solutions...
It should be a business
Colleges shutting down seems more like a solution to me than it is a problem.
EXACTLY
AMEN
Shutting down private "for profit" colleges & universities, ( such as University of Phoenix), is more of a solution. UOP's founder, Dr. John Sperling, was credited with having started the "for profit education" movement. UOP, through its parent company, [the Apollo Group], became a publicly traded company. At the time of his death in 2014, Sperling's net worth was just under 1 billion dollars.
These comments are illuminating. One of America's advantages was/is its great higher education. All of this, "BuT cOlLeGe Is ToO eXpEnSiVe" is pennywise pound foolish to me.
Bingo
Imagine having a degree from a college that went out of business.
I do, graduated from Barat College in Lake Forest, IL. The main building of the campus was featured in the movie the Unborn!
@@bigeherb Lake Forest. Ooh la la. I had no idea there even was a university there.
@@mp5249 they also had lake forest college which still may be open
A degree is a degree unless you went to a particularly good college. Most employers aren't going to care what school you went to unless it's a prestigious one.
These are the expensive “college’s”, not universities. I went to a state school, never got the big appeal of going to a more expensive small “college”.
Everyone talks about the "military-industrial complex", but nobody bats an eye at the "academic-industrial complex."
People will believe anything written in a book.
are you saying that politicians allow academia to charge these large loans, and then academia funnels money to the politicians? since that's what a military-industrial complex is
Academic military complex? Marxists are using them to take down our country.
If there was indeed an Academic-"Industrial" complex. Then people would be trained appropriately for the market. Instead liberal arts, cultural studies, social sciences and religious studies are still offered as credible degrees and are still a thing.
@@alexanderphilip1809 no the purpose of academia is to further academia. It does what its supposed to, create self centered egocentric people with self righteous view points, no common sense and no life skills. The education systems also acts as a catalyst for slavery and blackmail being an endless black hole for cash.
Higher Education: *Puts students into thousands of debt with no way of paying it off*
Students: *Stops going to college*
Higher Education: *Surprised Pikachu Face*
Bingo. It's not like we have rich parents or high paying jobs to get us out this mess. Fck those high priced shi#
Not true. It's just that the only degrees that actually matter in today's economy are really hard and only like 10% of the population can/want to get those degrees. (Engineering, CompSci...)
Sonny that's not accurate there isn't enough positions in just those fields to hire everyone
youtube comment youtube comment yes there is. There is currently a shortage in comp sci
Yep 👍
I make $70k a year and am a college drop out. Wasted $30k as a kid for college. College isn't for everybody
College is a fantasy. I see more immigrants not going to college and not speaking a lick of english, making way more money than a majority of college graduates. That is a shame! it proves that many people do not need college. But instead develop a technical skill from an early age, or take up vocational, technical, apprenticeship, is probably a better way out.
In other words, when you see a crowd...don't follow it
Thank you for the advice
@@nickeldime1691 not everyone is good at apprenticeship byt yet get point
@@nickeldime1691 for some college is vital not alk are good at trades etc
A bachelors degree is more expensive than ever before and has less impact on the job market than ever before.
Lower the price of tuition!!!
Or just close the school since degree have become worthless now a days.
United State government needs to support education not endless & useless ritual killing, called warfare. We have Ireland & Denmark & Germany & the Netherlands as stellar examples (by comparison) of governments that have invested in their people. All of these places have their unique problems, but all have a fairly educated population. Here, we see vacant eyes, obesity, & violence lurking around nearly every corner.
Rick Scott and Republican Florida was way ahead of you. 10,000 cap on degrees for public colleges for state residents like mine College of Central Florida, no useless flourishes, less college sponsored studies, and more graduates, no student life, no college run museums or miscellaneous institutions only tangenially related to learning, no theoretical degrees except mathematical and science, no chutzpah.
This is what it should be. You need to go to the museum, go the public one. Honestly we're closer to what Sweden has, everything is barebones in the same way, because of the same reasons ascribed.
lower the minimum wage. if handing fries through a window is worth $15 an hour whats a college teacher worth? its not that they get more expensive its that your money is worth less.
@@SgtJoeSmith lets start with lowering rent/housing prices. I'm sick and tired of all these Old Money boomers balling on the passive income from collecting rent once a month while they live in their sophisticated mountain cottages and cruising all over the world.
“Paying customers” is a daunting phrase to hear from higher education.
Correct description.
That's the American model....we don't want to create thinkers...we want customers....from the cradle to the grave.
I have said this for years. They priced themselves out of the market.
They yetted up past the price ceiling and off into college heaven.
@Mason Moore "Capitalism."
*Fortunately capitalism requires both buyers and sellers to both benefit, unlike every other system that just steals from the weak. I would love to hear you ideas on what to do with a college that makes 1/3 it's operating costs.*
Exactly. And now people want the taxpayer to bail them out with "free" college? Nope. Let them burn
Cheaper alternatives are there
Sorry no! The elite schools have no problem with applicants.
Vince M
So we can bail out banks but not students?
The American Dream is now the American Nightmare.
ragusajr100 I don’t think the people are strong enough to win a war with the government. Everybody’s thirsty for a new iphone, not a revolution.
zokotu ckikazu it only be a dream for Caucasians
@@zokotuckikazu3239 I remember in my junior year I had to write an essay about the American dream. I have wrote that the American dream is what you make of it whether it's to buy a house or go to college. My American dream is to become a teacher
@Fo Reel Mexico has a weak central govt, the quality of life in some states is considerably better than most of the states in the USA, better education and healthcare, affordable housing, etc.
@Fo Reel I really don't need the opinion of an idiot.
"people are going to school is for social reasons"
In other words your best friend cost you 100k 🤦♂️
I think they mean network wise....most colleges are really meant for the students to network, so once they graduate they can find a job within their degree field
And that is 100% wrong. You go to college to learn something USEFUL to get a JOB: engineering, accounting, health care, computer science.
Wikipedia listed GMC majors as "environmental and natural sciences, writing, reading, history and philosophy."
Well you go ahead and see what kinds of jobs you get studying that. No wonder the smart students stayed away.
college is only their for the elite to network....thats why popular kids/rich kids from high school usually thrive in a college setting, and get good jobs once they graduate... they already have the social skills to network, branch out and schmooze their way into a corporate job easily....college is really for the socially savvy climbers and rich kids.
This is true
@@r5t6y7u8 To start a career*
"These schools business models are breaking"... what a beautiful sentence!
1990: you have a Masters? 200k a yr!
2000: you have a Masters? 150k a yr!
2020: you have a Masters? 70k a yr!
2040: you have a what?
2019 I have Ipsy
Accurate
😂
2050: You play in the PGA?
That described my wife, only made more after leaving that employer!
They'd rather shut down instead of lowering tuition
Totally agree: what the president said most students actually pay versus what the tuition rate really is, is what students should be paying, which is on par for many state school.
That school looked terribly expensive to run. Imagine the utility bills, upkeep, landscaping, etc.
I predict more colleges will pack everything together into one building, like a refurbished shopping mall. And skip the swimming pool, totally unnecessary.
You must be all over social media boards hooting and hollering for higher pay for teachers too...
Well you gotta think, why is it so expensive? Well there are trends the colleges are following that feed back into rising costs.
People take loans or scholarships and pay higher than their own means. They take opportunity of this money.
Colleges seem to be investing into many uneccessary facilities. These facilities are not always part of earning a degree and cost money to run and maintain.
Colleges seem to have gotten expensive because suckers line up for it and then colleges got fancy to justify their costs.
Harder to get government intervention if you actually run it well
They rather shut down ,than have reasonable prices
that comma is not needed
@@swank8508 Your comment is not needed.
@Allen Zhu I had a really nasty response, but then I realized that I wouldn’t say that kind of stuff to your face and I’m better than that. Better than you. And that’s all that matters. I hope you live a great life.
@Allen Zhu OK
@Allen Zhu Sounds good to me bud, take care.
My generation often regrets college and we tell our younger family and friends. We are in debt and not finding a use for college. I tell my son 11 year old all the time community college and trade school is great options.
Right CZcams Peter Schiff College
Yes. I’m always telling my 14 year old son that college isn’t for everyone and trade school is the best option for finding a lucrative career right now. A year university is no longer a way to get a job: all you get is debt and indoctrination these days.
That is what I tell my children.
@@alexanderdvanbalderen9803 dude I’ve been in the trades for 10 years, get an education trust me
As a parent and college graduate, I can’t imagine ever telling my children there’s no point to college lol Have you tried to get a good job without it? Not here in SoCal. Even with a bachelor degree it’s hard to get a good paying job. In my field, everyone has a masters and PhD. If academics is important to you and you are so inclined, college is still the best bet. Here, you can go 2 yrs community college for free and get all Gen Ed out of the way and go 2 yrs to a university and will have gotten an affordable degree. There is no excuse except if you’re just too stupid. And in that case, I still recommend community college.
It's almost as if charging $35,000 / yr for college is unsustainable
Matt Reames ... more like$50,000
And what they're teaching is DEFINITELY not worth $35,000 / yr lol. You learn more outside of the classroom than inside of the classroom. They just give students a ridiculous amount of meaningless busy work to try to distract them from the fact that they're robbing them. They'll let you watch athletes run around throwing balls to entertain you, and give you subpar food to eat in between classes. College is for ignorant zombies who like to follow the status quo fed to them by the elites.
a lot of college is just leftist indoctrination. Paying exorbitant amounts of money to become dumber than what you entered as
Study online in UK university it’s like 10K for bachelors degree
@Nicholas because it is.
Lmao. Thats what you get when you dont prioritize the educational quality, and instead charge unrealistic prices.
thegrandfinale2 we still need college tho lol we still need jobs like engineers, doctors, nurses, teachers...
@@angelahagerman5003 Yeah, go to a good university. The average cost of attendance at Stanford is 15k a year, only thing preventing you from getting that financial aid is not having that acceptance letter.
if you go to college for parties and "social reasons", there are a lot of way you can do that without paying with the rest of your life
Just get a summer job at a restaurant if you want to party
@@ThingsILikke wait why
@@timbeinborn3328 cuz restaurant staff is full of party people- especially if you work in a vacation town.
Exactly. I never partied in high school or college
in germany %99 of the universities are free, i felt like a king for not paying a dime for college and partying all the time
I used to think when I dropped out of college at 19 or so that I was the only one and that everybody would think of me as a loser. It's nice to know that I'm not alone and I'm not the only one who struggled with college!
This is what happens when there is no free market! Stupid government money for student loans. Colleges do not keep up.
Students probably went to community Colleges instead of racking up debt.
Im heading there its all covered for me maybe if it was not so much money people would go
I chose to go to a community college because I know I would be racking up debt. But I can see why no one likes college anymore, they still use old websites that they demand us to use. Seriously half of the programs on computers were made in the early 2000s and never got updated since then. Why not use Google gmail to stay connected throughout a school instead of login on to many websites only to send an email, also why not promote CZcams a learning platform! We need these changes or else people won’t care about college.
Unknown is Lost google monopoly over education lol
They said paying customers! Wow!
Yup I’m heading to community college
And now the college REALLY has a neutral carbon footprint.
Ha! So true.
Love it ! I would love to see my school burn to the ground , maybe I could make up the money my parents (rip) and I spent on them salvaging the copper pipe.The last year they tell you your degree won't be marketable in the real world..after you show them the money
Extra neutral? Ha ha
Looks like the younger generation is not interested in an over rated education that will eventually saddle them with debilitating student debt and having to accept a job working alongside non college grads anyway. The days of the price gouging universities are ending, thankfully.
I'll just move back to Europe once I graduate. Quality of life is better there, and although there might be fewer job opportunities, people with American degrees are very highly sought after.
@@emilv.3693 Here in the states college grads have to take a job being supervised by a guy with no degree.
@Preston Whisenant Or can't get into the few dozen schools that will meet your full financial need. Problem is getting in, of course. If getting into Stanford and surviving a bullet to the head were completely luck-based, you're more likely to survive the bullet.
$12k a year for some crappy community college degree is too much still. Should be max $6k a year.
Learn a trade.
It shouldn't be that much. In 1980, I took a full schedule of classes for a grand total of $200 in tuition and $50 in activity fees. That was at Georgia State University. I received an outstanding education in large part because GSU concentrated on teaching and not research, at that time. Also, the average age of the undergrads was 26 years old. The students were much more serious.
Even if you allow for the general inflation rate of 74% since that time, the tuition figure would be a lot lower than it is now.
Welcome to the age of CZcams University
HOW DARE YOU MAKE LIGHT OF MY SCHOOL!
Alumni 👩🏻🎓 CZcams University coming soon 🤷🏻♀️
Y.U.Tube
😂🤣 I've learned more here
lol. Hahaha
Self teachings all over you tube.
If college degrees weren’t so DAMM worthless & overpriced, maybe...
that completely depends on the class
@mike a Ah yes, like engineering, computing, and science studies. Useless. A joke, why would we need those?
@@xXGamerXDarkXx agreed, there are some professions that need a degree. i wouldn't want a doctor who went to youtube university :)
Overpriced but not worthless
Yeah think about once you finished school it would be hard to get a job
Dying middle class, rising tuition costs, high interest loans, and the rise of anti-intellectualism is driving this.
Great comment 👍
Hakim and unlearning economics 👀, I see you resisting that anti-intellectualism well, rock on comrade
@@ennuiii honestly “anti-intellectualism” is good. Just because someone says something doesn’t mean it’s true. People with degrees are people too. They make mistakes and sometimes they’re dishonest, just like everyone else. I think saying otherwise is dishonest. After all if we didn’t question what “intellectuals” told us, we’d still think the world was flat.
people like to take pride on the only thing they have to identify themselves.
but indeed, the high tuition is insane. they should lower the costs to the point there were NO LOANS except for maybe the 15% people... so, if that college was 36k and NOBODY would pay full price that says a lot about the stupid pricing schemes... (they put it so high to increase the loan, assuming everyone will keep paying with interests) if that school would have costed 16k with a 65% paying it, they would have survived adjusting to its actual budget bracket
@@marcar9marcar972 I'm well aware that people with degrees make mistakes, however, there is no more effective method than the scientific method to describing our reality. there may be mistakes but any other method you can think of will have more.
plus my comment wasn't adulating intellectuals it was intellectualism, the pursuit of knowledge and Truth, not the actors that undertake journey
The only thing that I disagree with is the 25 percent. More are going to go out of business.
Hahaha who knew malls and colleges would have so much in common in 2019.
😂😂😂😂
Malls have better chances of surviving than colleges
@@andrewguerra9343 Not really
Just go to community college, it’s way more affordable. There’s no shame in going to community college
Yes! There's a lot of snobbery towards community colleges.
Or trade schools
That's what I did. Two years of community college, followed by two years at a public university. And I worked and took advantage of my company's tuition reimbursement program. I took one small student loan and paid it off with no trouble. I found that coming right out of school, Ivy League grads had an advantage over me but within a few years, that evaporated as college receded into the past. Now we are on equal footing for all practical purposes. Community college is now free in California for the first two years. Start there, make up your mind about what you want to do, be careful with course selection so that everything you take is transferable to a four year school and get good grades. It worked well for me.
jaelzion . That’s basically what I’m doing right now :) but I’m glad it worked out for you
NONE...
My college went bankrupt.
They don’t seem sustainable
- prices increasing at a high rate
- online studying is much cheaper
- going to college for some majors is useless
- customers are broke and dependent on loans
- degree is becoming less valuable
More than 50% of all colleges have already failed. The question is, when will they go out of business?
The currently worthless 6.8 million degrees are the problem, and $1.5 trillion student debt doesn't help.
How many millions were spent on lesbian dance theory alone?
Education is too often an accident and the final bill is unavoidable.
Maybe internet education will not only lower cost but provide an education custom made for each students abilities.
@Inferno Too many colleges are only interested in the money, education is third or forth. Many generations ago the healers of that day would pass on their knowledge for free to the brightest. In that tradition OJT with pay is the way to go!
2Legit 2BReal Worthless? Oh yeah I’m sure my doctors and pharmacists degrees are all worthless.
@@ilikewaffles889 Why do you drug dealers think you are pharmacist? Shooting up doesn't make you a doctor. smh
Good. These scam artists deserve to fail.
Shouldn't you be a little more worried that places of higher education are closing? Students debt and degrees aside, these places are also a source for disseminating academic knowledge to the public. They're the institutions that help fund experiments, studies, statistics, archaeological digs, etc.
Alvin Ong - that’s what they want you to think. I’ve amassed large amounts of knowledge without the assistance of a university. U don’t need university for anything. It’s another governmental cash grab to put u in debt over mediocre knowledge.
@@alchemxstxavier5225 r/iamverysmart
@Alchemxst Xavier
big brain man here
@chris
Must I really put effort into debating a pretentious rando on the internet? It's pretty clear to anyone that he's making himself out to be way smarter than he is.
That's probably a good thing, not every college is effective or quality
Sadly everything in the US has boiled down to a commodity
Welcome to capitalism. Even 3 year Olds wear tube tops and shorts
*blames capitalism for corporatism*
The schools did it to themselves: outrageous tuition that requires students to get into debt. It’s simply not a good investment.
Let's also factor in that today's college and universities have become marxist indoctrination centers. Any graduate comes out being dumber than a sack of hammers. It's scary to walk on campuses and see the zombie-like stupidity that students are exhibiting. That, plus all the worthless degrees that do not prepare one for real (and ruthless) World.
@the tater I agree, Tater. It comes down to investing in one's self - the trick is to know specifically what.
Qtrademark supply and demand the college bubble is popping .
@@bobbylawsen9638 Actually not all of them are marxist. Liberty University is anything but that. I worked for a conservative Republican congressman through an internship. And you are right...the world is ruthless. Its so funny to hear variations of how the CEO of a company is a college dropout, yet so many high school graduates are stuck in entry level positions with little chance of advancement in these very same companies.
Worst investment in the US.
So, the overpriced private colleges with no pedigree are going to close...
Is this really a surprise to anybody?
It’s a miracle!
Let the safe space tears begin!
“Finding enough paying customers” wow 😳
wealthier families would rather send their kids to more elite colleges and middle and working class families can't afford these schools because of stagnant wages. so you end up with no students at these middle/lower tier schools. now these schools are closing down, we're losing the economic mobility that they were supposed to provide, which will only make college even less affordable for future students.
gee, it's almost as if companies paying their workers the absolute bare minimum has terrible consequences for society.
Colleges should have seen this coming a decade ago, probably even further back than that. Go to community college, save your money, get all your basics and spend that time figuring out what you actually want to do. Higher education needs to change its marketing, costs and admissions process. It needs to be more inclusive, accessible to middle class-lower income students/minorities with good academic performance.
colleges are corrupt, I have worked at a few and many people in my family have too, admin spends outrageous amounts of money on themselves. they plan the spending of govt assistance a good decade before they get it, just more boomer greed destroying everything. the last thing anyone is concerned about is a quality education, its just whats in it for them.
They need to completely update the higher education system in this country. There's no need to take classes for things i don't need to learn for my major.
Scotty Haines
Actually, there’s an even greater need now than ever.
Privatisation of the education system is the problem, same thing with private prisons it's all for profit and eventually will file for bankruptcy.
David Escobar
Higher education has for centuries thrived on being private and out of the hands of politicians.
Shouldn’t we be happy that scams are dying ? 😂😂😂😂
Not when they build the foundation of our economy and private/public debt... If this systems breaks there will be decades-long economic crisis
@Ayooo. youtube what grade you in oof I'm like a 2nd year in HS PLEASE BE FREE ONCE I GET THERE
the77 YES!!!!!! Hooray!!!!
We are but the media shills wont be. They are all in league with each other
@@MrBryceKrispies "Not when they build the foundation of our economy and private/public debt"
*The only colleges that are closing are the liberal arts schools that no one whats to pay for but have Title IV funds. These schools give ALL their students A's, take their Title IV money, and perpetuate adolescences behavior in their student body.*
*These liberal arts colleges have always been "broken" and dysfunctional. There's no reason for them to exsist, except for rich people that have nothing better to do than send their rich kids to a useless school that hands about A's and useless pretend degrees in Gender Studies and narcissism.*
Higher education is for rich people. And middle class students know that.
Nah go to an affordable school .
Wtf does that mean??
Not if you were an excellent student and got a free ride.
Or be smart and research that degree you wanna get. Art, psych, history, geography...youre not gonna find anything wuth those degrees. And start off at community and pay dirt cheap for 60 credits, be a damn good student, try to get some scholarships and then transfer out to university.
That was the way it used to be, Now it will be true again.
Damn, almost like people don't wanna lose $30k + per semester to learn stuff they could find off a few google searches and library rentals.
Right? 99% of whats taught can just be found on the internet. My algebra class this past semester, all the ‘notes’ on slideshows were just embedded youtube videos lmao
It’s sad they look at people as “paying customers” instead of students!
I think its good. It incentivizes them to treat them like paying customers, providing them with the service they promise (a useful education). Treating them like "just students" places the faculty on a pedestal of elitism and superiority, which distracts them from the need to provide the services that tuition pays for. I went to a small liberal arts school in NJ, and i was very disenfranchised when i chose to leave after my junior year, instead of going into even more debt.
you can say that about the Healthcare System too. that is a business in itself. Sure people are being saved everyday, but there is a cost to that and equipment to keep people alive need money to upkeep.. its a continuous cycle
Honestly even while I was in high school I felt like I was learning more online than in traditional school.
A men brother.
Made the history teacher leave the class room in 11 grade on the topic of cold war because, I brought up some many things I learned for the retirement home residents that most young people don't even know.
I graduated high school 21 years ago and I feel like I've learned way more online. Anything from very interesting to very practical that I didn't learn in school. I've learned how people think, I've even learned way more about how I think which has been more valuable than anything I learned in high school.
honestly same!!
Dude I am one week into college and professors don’t teach anything. They literally tell you to look up questions on google. I could have gotten the same education without going to class.
" while I was in high school"
*What does a person get for the $200,000 they pay for school from 5-18 years old?*
*Imagine how epic a education system we would have if parents got education vouchers for $200,000 per kid and picked where and on what to spend it.*
This is not necessarily a bad thing. This is just the wheat being separated from the chaff.
A ton of conservatives these days think schools shouldn't even exist.
@@bluehotdog2610 i would agree to that
@@ricardoh87 So then how are people supposed to learn?
@@bluehotdog2610 part of the school’s propaganda is teaching us that “education” can only come from a government institution.
@@Countcho private schools exist, and most well-known universities are private schools. Problem is either getting in or affording one.
It's also hard to "do" actual college work when your incoming student body has to be caught up in various subjects from when their education concluded somewhere around the 7th-grade level, which we now call high-school graduation. I did some TA work for awhile at the freshman-sophomore level about ten years ago, and the number of students requiring very basic help in English, math, etc., was eye-opening and sad. For many, getting through their sophomore year means having roughly the same knowledge and skill set as high-school graduates were expected to have decades ago.
Colleges spend money like the government, it's insane. Plus your forced to take courses that have absolutely nothing to do with your major.
We need to get government out of education. It's a failure.
@@Boristien405 Actually what you need is more government interference because education should never be solely dependent on capitalism.. that's actually how this whole problem started..
Don’t forget how expensive textbooks are
LAUS art it’s government giving students money to give to colleges who continue to raise prices because they are getting that government money
Yes sir, just another way to get people in debt and to owe their life.
They should turns the dorms into low income housing.
eligirl100 of course they will not , god forbid any socialism in any amount in America . Wait what’s social security and how many republican retirees are on that ???
the property is for sale. the state is free to buy the property for the $23 million asking price.
@@moemoneysouth it's vermont you idiot. it's a left wing paradise, which is why it's economy is failing.
@@jonathanmarquise422 Vermont has the 4th lowest unemployment rate in the US. That doesn't sound like it failing. In fact, Vermont probably pays for your roads in Kentucky you simp.
@@suelyons531 bless your heart. maybe she should do a little research before opening her smart little mouth m'kay? vermont is an aging population with very few good jobs. take a look across the conniticut river at new hampshire, and you will see a state with a friendly business environment. vermont is a great place for employment. especially if you know how to make mead, or raise bees, or knit. all great jobs. vermont ranks 43rd on states in which to start a business. it ranks 49th in small business growth. it ranks 50th in human capital. not sure what your problem with kentucky is, but it's probably because you're a racist.
I attended a private Christian college for my first semester as freshman, I worked in the library, the kitchen for taking a break was super fancy. I can see why this type of college might shut down. I transfered to a state college after 2 semester, only 1/3 of the cost.
Get rid of the administrators. In many colleges, there are more administrators and their support staff than faculty.
3:00 colleges might claim bankruptcy but you can't do the same with student loan debt lmao
Yeah, that's an absolute crime.
Right, b/c you technically default on loans. Individuals can claim bankcrupcy in the US though. It comes with obvious differences b/c you can reclaim assets for partial value. Where as education is something that is technically an intagible asset with limitless value. A rational consumer would simply choose not to egage in the transaction they didnt think benefit from? Right?
#TRUTH
@@beyondintervals6606 "It's easy, MAKE TUITION LESS EXPENSIVE, SO MORE PEOPLE CAN AFFORD IT"
*That's what was done. That's what CAUSED the colleges to go bankrupt, students to be jobless and in debt. Low prices cause a shortage of colleges by increasing the demand with cheaper colleges. Lots of useless Arts colleges came into existence handing out A's for teach students to be unemployable.*
*WHAT YOU SHOULD NEVER DO, is have a national government program, because government is the worse way to do everything.*
@bad bad mc bad A college loan is different than almost every other loan a person will take out.
Oh no! Less people are going to traditional college now? How are colleges going to pay for their multi-million dollar football stadiums now?!
fer04i money from football id imagine
Booster clubs?
Major athletic programs usually dont use tuition money.
And good football teams bring in students. Boosters keep football programs going.
@@erikkunkle9574 Millions of dollars for what? To entertain the kids? What a waste...
I would like to see a review of how accurate this prediction turned out to be.
Watching this after 2020...Now that schools were forced to be virtual, I think the man's prediction will be even more intense than 25% in 20 years. With a few exceptions, you can learn most of what you need online, and even a lot of it just via CZcams.
Lower those damn prices and maybe people will go. Also do college presidents really need 200K a year?
That wont happen. As long as govt students loan exist.
Why have 10 presidents to run one one college? Meanwhile the teachers are paid crapp, part time. It's all a scam
@@mtorres3097 agreed, student loans need to go. Tuition costs would drop like a rock.
Lord knows the football coaches don't need a million
"Lower those damn prices and maybe people will go."
*The colleges that are closing are the "free" Title IV colleges, because no one wants to use their own money for a art degree in Gender Studies and they don't get a job from "art degrees".*
I still have my 1990 college tuition invoice for one semester from an in-state, public, division one university - the bill was $2,900 for one semester - 15 credit hours tuition and room & board (also included food). In the mid-90s, beginning around 1995, state legislators began passing new permissions for colleges to increase rates by double-digits, EVERY year. 10% increase, followed by 15% increase, 12% increase, etc, year after year. I guess they figured kids wouldn’t care as they were taking out student loans, but eventually the loans have to be repaid.
Most of university and college budgets are not used to pay faculty (professors, etc), rather the bulk of the budgets are for “admin expenses” like rock climbing walls, and building new “luxury” dorms with granite counters, stainless steel appliances and individual bathrooms.
I am still a supporter of higher education but think the universities made a grave decision to start treating enrollments as customers, rather than students. I am sorry to see that many learning institutions may not survive but I think most of the problems have been self-inflicted.
Yep
Stacey Harvey Bravo👏🏼👏🏼👏🏼 Well said.
Good grief... goood grief!!😰
So correct! We need to focus on main course rather on side dishes. Our side dishes have become exorbitantly expensive. And state need to fund education. Pump more money into state universities, community colleges etc.
Very true. Vcu keeps raising its tuition and last year built an 88 million dollar luxury dorm. Please Google GRC VCU, the building is crazy. It looks like a resort hotel you'd find in Seoul. So unnecessary for grubby 18 year olds.
My community college felt like it didn't take itself seriously. All of my classes were literally online point-and-click books on tape.
It felt like middle school educational material.
I just can't take remote work seriously and there seems to be a lack of professionalism behind the material.
Only ever seeing a professor behind a screen and my classmates, not being able to have access to a campus life where once study groups were once abundant made me feel like I was effectively paying good money for a stripped down version of what higher education should be.
I'm not going to pay the same amount for a lower quality product or service.
Nobody wants to buy this.
I refuse to believe that this is a grim picture.
This is exactly what we've been needing.
You shouldn't have to go to college or trade school to have a livable career.
I’m from the Boston area and the amount of crying kids I’ve talked to in the last two years because of schools closing is terrifying.
What do you need $500,000 for?!?! You DONT need to be paying that much for someone to go to college
I was looking for someone else to notice this. I will be graduating from college with about $20k in student loan debt, and I will have a degree in aerospace engineering. I can’t fathom how people are racking up even $60k in debt.
John Thomas
$60k is nothing
In 18 years with the current rises in cost it will cost around 500k. Current 4 year institutions cost around 70k a year, assuming costs continue to go up by around 3% a year, 70*1.03^18=119k a year. And sadly paying four years, that is almost 500k.
Patrickdgr81
Not sustainable
@@johnthomas4790 Um....Out of state tuition? See, not everybody has the luxury of being born in the CONUS and have residence in a state with a robust public college with the degree offering you seek. Ask me how I know, and I was a natural born US citizen too with two degrees in aerospace engineering attained under out of state tuition basis (BS and MS). Today these colleges would charge close to 40K/year. That's 200K right there considering the average engineering student doesn't graduate in exactly 8 academic semesters, but closer to 5 years.
When EVERYONE else has a college degree too, it no longer sets you apart or gives you much advantage.
"When EVERYONE else has a college degree too"
*Yes, my Gender Studies Art Degree is the same as any stupid Engineering Degree.*
@Mason Moore "Capitalism ... We all collapse in the end."
*Without the collapses of what people no longer want in capitalism, we would still be supporting Horse & Buggys. I don't mind you wanting to live in the dark ages of non-capitalism for yourself, but I do mind others imposing their statuesque mediocrity of non-capitalism on me. Isn't it great under capitalism that you can operate in whatever mediocre system you want?*
*How would you do with a liberal arts colleges that cost three times what people want to pay for it? Not collapse the useless college of course, so what then?*
@@dmay3391 Do you think no one with a STEM degree is struggling to find a job? Because you're completely wrong.
Lol when did everyone have a college degree? We are one of the most uneducated countries. That’s why we import engineers and doctors and scientist. But lol EVERYONE knows you don’t have a degree let alone GED
we don't have capitalism @ everyone trying to complain about it or give credit to it and i'm not sure we ever did
Waiting for the 'exploring abandoned college at 3am' videos 5 years from now.
We can only hope!
Many schools do need to go out business. Seriously. Tuition is way way way too expensive. When no one can pay cash for even 1 semester of college, something is really really wrong.
"Many schools do need to go out business. Tuition is way way way too expensive."
*The tax money from the GI Bill and Title IV increased the number of students, for a limited number of colleges. Demand up, supply down, prices get higher. The high prices for tuition was cause buy government funding students. Most of these students using taxes to go to school choose unemployable arts degrees to get the tax money because it's a easy A.*
*The purpose of college ought to be to learn and be guaranteed a career, not collect government handouts.*
D May in the future there will only be room for the best schools
@@dmay3391 You must be very short for the point to keep flying over your head...
@@veledwin1 "You must be very short for the point to keep flying over your head..."
*You probably think you think you made a point. Try explaining to yourself to see you didn't.*
Maybe if they didn't charge an arm and a leg for tuition and stop raising the tuition rates every year
Less people are going to college. More people seem to be starting their own businesses or getting into a trade. Interesting trend.
They will because the cost of a college education has become outrageous,.
Like health care, higher ed has a cost problem, not an accessibility problem.
#FeelTheBern
I just flying to Europe, same equipment ( if not better ) for much cheaper. Not going to support US healthcare mafia
isn't it both though?
fr
Because the governments gave colleges money in order to “accommodate more students”, but then it gave colleges less of an incentive to lower the prices since they could always rely on the government to give them money for the “accommodations”
Many of the small colleges need to shut down anyway. I'm hoping some of those buildings will be salvageable 4 Elder Care, veterans housing, or daycare
Lol do you realize how much it costs to maintain a building like that ?
Yes I agree. Or to provide affordable apartments? Or homeless shelters? At least something for the community
@Sarah G Sarah just volunteered to take care of the multi-acre landscaping. mila88 is going to fix the roof when it starts leaking.
Or demolish all the structures and build more homes or apartments
By small colleges I hope you dont mean community colleges.
Now many universities have record enrollment. Experts didn’t input Covid-19 and online classes
The way the interviewer stares at 4:17 is exactly how I look when I'm staring at a difficult math problem
From what I’ve noticed, students are applying to two types of schools: “prestigious” colleges and state colleges. Students with the grades/test scores to do so apply to competitive, reputable schools with low acceptance rates and either have the money to pay or get enough financial aid to go. Students with lower scores and/or who cannot afford to pay are choosing community colleges and state schools. Other than maybe niche degree programs, there is really no draw for students to go to these “less prestigious” but still expensive private schools.
*coughDrewUniversitycoughcough*
I was in one of those niche programs, haha. Glad I got to go before GMC closed. I wouldn't have been able to get that at a land grant institution and definitely not at any kind of "elite" school.
Study online in UK University it’s like 10K for bachelors degree
JFM what program did you study?
there’s a state school in my state that’s surprisingly in risk of closing. they already laid off 300 workers for 2 weeks
“Administrative costs” it’s called ever increasing salaries.
Gotta pay the "Dean of Diversity " 400k right!
Increasing salaries, and hiring more and more! The number of administrators does NOT need to outnumber teaching faculty!
I watched my brother struggle through college, got a bachelors degree, it took him 5 years instead of four because his degree requirements changed twice while he was there, he had a half scholarship, but the cost at the end was astronomical to me when he told me what it was "It was a state school" Towards his last year of college I was a senior in high-school and he told me "Whatever you do don't go to college unless you're going to be a engineer" I ended up going through a cheap trade school, and have been making close to 70k every year, mostly because of overtime, but it's good money. Guess what my brother is doing? I got him into the trades too, he's tried switching over to some of the Admin side of the trades, but I think everyone see's him as being to productive of a worker, so I don't see much of a chance, they try to ignore the fact that he has a degree.
Colleges need to collapse though, government backed student loans started the huge spike in tuition cost, my brother went to college right when the government really started the backing and I think by the year he graduated the cost of tuition had doubled "Yes in five years". Ron Paul supposedly had said that the government backing of student loans would be a disaster, and at the time my brother hated him, because he was trying very very hard to draft a bill to get rid of government backing "Which could had made it where he didn't graduate" Now my brother said he wished he couldn't had borrowed all that money, and that someone would had stepped in. I guess at the time they were trying to make it easier to go to college so people didn't have to work while they were in, they pretty much took college from being close to being able to be paid for with a part time job while going to school, to the point where people now have no idea if they can even function in society while paying the loan they took out off.
I feel bad for everyone who went and had trouble finding anything that paid decent when they got out. I don't think anyone who went is "stupid" Like even when I was in high school everyone there told us to go even if we didn't know what we wanted to do when we got there, and when he graduated it was way worse, they shoved it down on people back then, basically telling them they would never have any wealth or success without a degree. I see college for the most part going out the window, I see a lot of stuff going to kind of a trade school platform where you only learn what you need to, to do whatever kind of job you are interested in. Medical schools will stick around for obvious reasons. The platform has to change, they don't make you take classes that you don't need in other countries to get a degree, they focus 100% on only useful classes, you probably don't need to know college roman history to be a accountant, those filler classes in degree programs are to milk every penny they can.
I'm proud of the generation that's coming up, just don't go, more and more employer's are striping degree requirements for jobs.
"Higher Administration costs" Ding ding
B.S. Many colleges and and universities have delivered subpar education while putting people in lifetime debt and failing to prepare a lot of graduates with skills practical beyond the classroom
I'm not sure colleges ever guaranteed to prepare you for life.
@@Scott-by9ks "I'm not sure colleges ever guaranteed to prepare you for life."
*I see no reason for colleges to exist unless they can guarantee something someone whats to buy like a "career". Graduation should = job, if not, then student doesn't pay for nothing.*
D May, if people just want to buy jobs then I could see business model for that. Now, if your college adviser ever gave you a written guarantee of employment and that didn't happen in the time guaranteed, you have a case for a lawsuit. Back in 2003 after finishing 2 years at community college I thought I was ready to go to the university. I had a great GPA 3.85 and was confident I would get a scholarship. They offered me a $6500/year scholarship even though their website said I could expect to pay $16,500/year. This would have left me $10,000 short. At the time I was working at a fast food place and I literally made $10,560/year. Basic math was something I didn't need to go to the university to learn. I saw no realistic hope of me going to their university. The student advisor suggested I take out loans to cover the rest. That's when I said "but loans you have to pay back?" And she answered "of course, but think of all the money you'll be making after you graduate!" I asked if she and the university would "guarantee I will be making the kind of money their website claimed I should expect?" She answered in a confused voice "well, no". That was the end of our conversation. Five months later I joined the Army and they gave me everything they promised me and more.
@@Scott-by9ks I cant remember the names but I have heard colleges advertise that they teach you "the skills you need beyond the classroom", "the skills you need to be successful", etc.
Not to say they should be teaching basic common sense life skills but they should be able to show the student how it is relevant and useful for more than just a passing grade
@@Scott-by9ks you are speaking of practical skills along the lines of what I'm referring to. Course, some of that is attributed to a persons retaining and application of said knowledge but that's a different situation. Many graduates now lack the ability to even apply what they learned because the curriculum is so diluted it doesnt even show them how useful the information is or why they should retain it.
In many cases more priority is put on increasing the student population and increasing the tuition than the actual content of the education itself.
In a lot of cases they're not even adequately preparing people for the jobs they're trying to get
“Paying customers”
“Business models”
Hm. I wonder what the problem is
Exactly. Schools are being run by presidents who want to turn them into businesses by turning students into customers by offering more “amenities”, expanding campuses and hiring more pointless staff. The mentality is you gotta spend money to make money but students (and taxpayers) pay the bill.
@MoeMuzik "education shouldn't be viewed as a business."
*The best schools in the world are run like businesses because a profit incentive to please customers or not get paid. Government schools are crap, if government spends more money on schools it justifies increasing tax revenue for more money.*
*The US government currently spends over $1,000,000 per student from age 5-18. The best privates schools in the world cost less than $900,000.*
*Some people like to pretend public schools, paid for by taxes are not government monopolies, but some impossible form of private business by rich boogie men.*
@@leoelliondeux "Schools are being run by presidents who want to turn them into businesses by turning students into customers"
*These closing colleges are art schools entirely funded by Title IV tax money that pump out A's in art to unemployable narcissistic students. There's nothing "business" in spending your tax allotted funds, in-order to ask for more tax funds. These colleges are closing because they're crap and students don't want to pay for them.*
I get what you're saying, but that's a VERY dangerous line of thinking. That's how nonprofits were run for the longest time - we're doing good work and people will keep us going! What does it matter that we're losing money as long as we're doing the right thing! Well.. except you can't do any good once your organization has failed. Many centuries old institutions have fallen prey to this, and those that do not learn to be sustainable while also serving the needs of their students and clients and customers end up doing more harm than good.
Schools SHOULD be run like businesses - but businesses that prioritize both money and mission, not just one or the other.
It's easy, MAKE TUITION LESS EXPENSIVE, SO MORE PEOPLE CAN AFFORD IT AND IT WILL ALL ADD UP IN THE END. Would you rather have one student who's able to afford it but that's all you get. Or a bunch of them paying at a lower cost, but it will far more exceed the one student's tuition at the end + more students on campus and everything. There are so many people who has the intelligence to go to college, but they simply can't afford it and the system is messing it up for the younger generation. This is why the system is failing.
SHOCKING
“Enough paying customers” :D “School’s business models” :D lol
Has anyone ever heard of these colleges?? Nope? Yeah that's why they are closing
No, first time i heard of these college except for Harvard xD. They need better marketing team
The fact people choose schools based on good marketing show the systemic problem with the American people and how they treat education. It’s not about the education, it’s about the status symbol. That’s a serious problem.
thegrandfinale2 my friend actually wanted to go there since it was her dream school, but right after she was accepted they announced they were closing
I considered going to green mountain, glad I didn't go
That has nothing to do with it and you're wrong a lot of those colleges that are closing or pretty popular back in the day and were popular up until 5 years ago
“Fewer Paying Customers”
damn
Very Good!..
Some of us have realized the grand distraction that college can be. The alluring sense of extended adolescence in this ever changing and complicating world we live in to escape the reality of little jobs, low income, and inflationary pressures from out of our control. It's certainly hard to get a grip when you're already financially drowning, isn't it? Skip college, work on yourself, and enjoy life's gifts.
Love this take. Just finished my first year at university. I can tell you for about 70% of students it’s just an overpriced year round summer camp. Very fun and you meet lots of great people but its definitely not a grand cathedral of academics foaming at the mouth for enlightenment.
@@defnotjanetreno It's certainly true. I went to college for one semester and knew it wasn't for me straight away. Colleges love to put you thousands in debt while teaching you about equity, and last I checked that's a scheme not learning.
*because in the next 20 years people will realize that college aint worth it. you can make 100K+ a year without a college degree with the know how.*
How ?
Building trades. Call any for a service estimate and figure it out from there.
Six figures here... no degree
@Dont Haveone engineers and nurses
Just Suzie teachers and low pay
How fitting for this piece to mention sluggish middle class wages on Labor day weekend. Greed is ruining USA not workers in unions. It seems it will only get worse from here though
Amen!
you should see the unfettered greed of university admin. the whole system is rot.
The baby boomers who have kept their high paying jobs with great benefits for the last 30 years are soon retiring and dipping into their pensions. The bad part is, most of their jobs will either be turned into temp positions, or their workload will simply be consolidated to existing employees' workloads. Sad state of affairs this country is headed in.
I feel the pain, my school had just closed as well recently. And now transfer process is a hustle and it makes you feel like now do you want to even attend at all? I’m in my graduate program and I thought I was going to graduate next year but I guess I’m starting graduate school in a new school. This is crazy like it makes you think like is school even worth it for the careers we are going for? Honestly school is not for everyone but honestly why is school invented. I’m going for PH.D I ageee the new generation and future seems like there will be rarely any college degrees. SMH I lost my scholarship and grants because of the school closing.
Some colleges have had a relentless building frenzy for years--competing with each other for the best physical campus. That probably won't matter so much anymore.
College isn't for everyone. And people have panic attacks with the thought of others simply entertaining that idea.
Or we can adapt with the times
College was a bubble. Unsustainable, considering trades jobs pay more in many cases and people have caught on to the student loan scam.
Are there trade schools for genetic engineering?
Yeah but trade schools aren't a blanket, one-place-fixes-all solution. Sure, they are for people that WANT to go into trades. But for others who have no desire to learn a trade, it's a waste of money.
@@Miii_Houp Learn a trade and pay for that education later in life, with the money you earn. Live inside your means, stop stretching yourself. The whole "American dream" is a waste of your life and there's a hundreds of millions of living, breathing examples to show you that.
Imagine if schools just *lowered* tuition.
We can only hope.
In the words of the late great George Carlin: "They call it the American dream, because you have to be asleep to believe in it."
lol this is brilliant
Bold of you to assume we'll all be alive in 20 years.
Nabiha Nur ... good point. Caroline Occasional Cortex says we’ll all be dead in 12 years.
Choco Latte I hope so
That is one I had not thought of, but it seems a valid point. We did not heed the warning signs.
Damn so Meg won’t be able to go to green mountain college that’s a bummer
If I were to do it again, I would do community college for 2 years and uni for 2 years with summer classes to get my degree in 4 years, take the fe exam in my final semester, and jump right into the workforce as an MEP mechanical and plumbing engineer at age 22. Then buy a starter home pre COVID on a 15 year fixed rate mortgage 3.5% apr or lower. Get a professional engineering license at 26 years of age.