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QuestionerAs a high school junior, I'm looking at prestigious institutions such as UPenn, Villanova, NYU, Fordham, and Boston University. On the other hand, my parents are experiencing sticker shock. All these schools have a sticker price of over $60,000. With some students, as shown in a Businessinsider.com article, can pay over $70,000 as the case at NYU. you, how will the average American family be able to pay this in the future? And more importantly, how do you two feel about this? I think it is a big problem that education has just kept raising the price, raising the price, raising the price, and they say, but college-educated people do better. It's a big bargain. But maybe they do better because they were better to start with before they ever went to college. Yeah. And they never tell you that. It's a ridiculous argument.
CharlieI think that's one of the silliest statistics that they publish. I mean, to say that a college education is worth X because people that go to college earn this much more than the ones that don't. You're talking about two different universes and to attribute the entire difference to the one variable that they went to college as opposed to the difference between the people who want to go to college and have the ability to get into college. It's a completely nutty and about 70% of the people believe in it. So it gives you a certain hesitation about relying on. relying on your fellow man.
WarrenSo I think most people just have to struggle through with the system the way it is. There's a big tendency to have prices rise to what can be collected. And people just rationalize that the service is worth it. And I think a lot of that has happened in education. And of course, a lot is taught in higher education that isn't very useful to the people who are who are learning it and of course all those people would never learn much from anything.