proceed meanwhile, the campers, seamus announced this year's parliamentary elections and next year's presidential election is suspended. so much ukrainian democracy acceptance. and i'm here to plan with you whatever you do. do not watch my new show . seriously. why watch something that's so different. whitelisted opinions that he won't get anywhere else. welcome to please. as you have the state department, the c, i a weapons, bankers, multi 1000000000 dollar corporations. choose your fax for you. go ahead. change and whatever you do. don't want my shell stay main street because i'm probably going to make you uncomfortable. my show is called stretching time. but again, it's not. we don't want to watch it because it might just change the way you back in the day. you study hard and go to university and you're pretty much

guaranteed a great career when you graduate. that was set you up for life. what about today? today? top university graduates are faced with unemployment, lo, starting salaries and the amount of student debt from the 4 years of education. i'm christiane, you're watching the cost of everything where today we're gonna be taking a look at the business of higher education. is a college degree worth it? and does bigger necessarily mean better when it's so expensive to go to university? when we think about attending university, we think about the high tuition cost it takes to have a decent for your education. but what is leading to the rising cost in college tuition? well, in 2021, the average college tuition costs at a public university in the united states. $10388.00 and $38185.00 at

a private college. the average cost of college in the us has more than doubled in the 21st century with the annual tuition fee growth. over 7 percent american universities offer upscale, dorm student departments, expensive meal plan, celebrity guest lecturers, wellness centers, and constant upgrades to sports facilities in order to layer and compete for recruits. housing is also a big portion of the costs to study in the us. and many universities require students to live on campus and their 1st year in dorms and dining on campus cafeteria with expensive meal plans. tuition fees, private us universities tend to be higher than public universities, as they do not receive funding from the government. public universities may be required to accept a certain percentage of local students and students who live in the same state. and now since the 1985 us college costs have searched by over 1000 percent and tuition fees continue to rise,

the us now spends more on higher education than almost any other country, even for public universities, according to the o e. c. d. now well for years is the normal duration for our bachelor's degree. only 38.9 percent of bachelor degree candidates graduate in 4 years time. most reported graduating within 6 years, leaving the cost of tuition fees over $200000.00. american parents are now forced to take on massive amounts of debt to pay for higher education. but this is actually not the norm in most other 1st world countries. unlike the u. s, the e u, and other parts of the developed world heavily subsidizes it's college and universities because they believe that education is a fundamental right that will produce working citizens. while the us universities, they operate like a big business that is market driven so that there is a wide range of quality and differentiation. european universities,

there are more standardized. now in europe, the average cost of an accredited bachelor's program is just $7390.00 per year. that means that an entire college degree in europe is often cheaper than just one year of tuition fees at an out of state or private college in the us. and this extends to even a master's degree as well, with the average tuition of a master's degree, being just around $9000.00 per year versus $30000.00 for an american students in europe. considers education to be a right, not a privilege, and believes that an educated society will help to push the country forward. that is why that you makes it a priority to subsidize college education in order to promote a stronger workforce, which will then in turn, pay taxes as a productive citizen. typically, european country will also recover college expenses for its citizen after 9 years.

iceland, lot the norway, germany and a number of others have some of the lowest tuition fees for higher education. there even some countries that offer most of their bachelors program free of charge for international students. now to explain more about the cost of education here and abroad, we will bring in our education experts lose their mercer and giovanni patterson. thank you guys so much for being here. let's start off with you, giovanni. how much does higher education cost in the us versus other countries now? well, you know, just doing some research for, for this uh, you know, it is significantly higher um, you know, upwards, you know, average to tuition costs over $8000.00. and depending on where you want to go, you know that that number can really, really skyrocket. um, but you know, upwards of, again, upwards of, of $108.00 to $10000.00 per year. and other countries, you know,

that it does seem to be much lower. and now luther is going to college or university worth it these days when so many college graduates are now unemployed and struggling to find work. well, 1st of all, thank you for having me. uh 2nd. uh absolutely, it's uh, is this getting a higher education or always to get an education which really helps you to excel and what every area, whether it's some kind of trade school or, or a, i guess white color profession is always something that i would say is beneficial in the society like out, but when you break it down to the question that you ask about, is it worth it? it really does come down to the individual. and it really does come down to your options as well. like for example, i wouldn't recommend um there's some private schools in the country that have

a very high tuition. and uh, there's someone who may want to go full career to teacher. well, i would suggest that there are options in the market that they should look at that . what do they were them to achieve their, uh, their journey in, in getting a higher education and for that to be a massive economic burden. so one of the advantages of, of the society is that it has multiple options. one of the disadvantages of the societies that yes, some of these options are extremely expensive and that they are the good is a massive debt that we utilize. definitely are issues that we're not wrestling with here in the country. i absolutely, and giovanni,

you have now controversial people like mark cuban, telling people to actually not go to college and instead become an entrepreneur. so what do you think of that advice? do you think it's sound or ill advised? um yeah, i actually think it's, it's pretty sound advice big because you have to remember people do have options that, you know, college is not the only path you know that you have to take. so i think it's is disappear, pretty sound advice, but it is very important you know, to, you know, try to have a pass in, in your career or where, where you're trying to go and understand the different avenues you can take. for example, the professional financial services, you don't need a degree to enter in financial services. there are companies like primarily, or, or dave ramsay's a business that, you know, can get you involved in the financial services field without a degree. so we have to remember, like there are other options in being

a business owner is not necessarily a bad thing. and that's one of the, you know, great things about where we are in america is that you can start your own an enterprise franchise or, or, you know, what have you, and earn a decent living for, you know, for your family or your community, become a contributing um, you know, citizen to the society. so i think it sound advice, but i think it, it does come with, hey, you know what your options are is not necessarily that causes the only thing, but college could be the way that you need to go to achieve what you want to do. but it's not necessarily the only thing out here to achieve, you know, the life that you want to live. yes and lose, or now why is higher education so on affordable in certain countries, but readily available and others? well, you know, i guess it would depend on what country we're comparing them to. but yes, absolutely. and sometimes you see it readily available. so entries it is not

available. and in some countries like our own, have this again, tier construct where you know, you really have to at this point in time, what i'm saying to young people or i'm talking to families about issues around education, one of the things i always tell them to you have to plan a little bit early now and really look at the options and see what you're trying to achieve. and then through that then uh, you know, better look at what is best for you and the ability and for that investment, to make sense. uh and so we're comparing, i think you have to keep that in mind that it really is a conversation about what you're doing, what do career, what you're shipping to a g u a and that mark kimberly's not necessarily wrong,

but everybody is you say the not geared towards being honest renewals. everybody's not geared towards being a college student. there was to go be a lawyer. so we have to think about those things more, i think, take more time to plan in order to make sure we're doing the best for what we need and i own every individual laughs. yes, and now finally this question goes for both of you guys. why does the us academic achievement lag behind the other countries? does this translate when it comes to the workforce? um i would say uh, you know, there's this idea that, you know, pretty much everyone succeeds and that's, that's, that's the idea that's kind of infiltrating, you know, through our, you know, high school and into, you know, secondary education. i mean, i do think that,

you know, really puts our future at the end of this service because there's this, again, this idea that everyone gets a trophy, no one, you know, you don't have to work hard so, so it's uh, set our future up for failure when a lot of these jobs require a certain level of work ethic, they try, they require a certain level of, you know, diligence and you know, because of the attitudes of, you know, you don't necessarily have to work hard to succeed. you know, it really is set in a lot of our, our, our future up for failure. luther. so i guess and so again, i'm in agreement with riley, i mean i think that you know, there are things that are not who is it when you talk about the way the will nature of success, like a, b, e, everybody who does go to college yet doesn't necessarily

a change at the same level, but what we have seen historically here in the country is that when you do have a lease, a college or a substantial uh, uh, educational framework after your years um here and up until the 12th grade and you continue to increase your educational background, you do have a greater chance of getting, you know, higher levels of income being able to have a better opportunity, a career profession again, but that's also based on your skill that things you're doing and the market that you're in. so there are other variables also that play a role and now lives are you actually have a company that helps students get their grants. students think that getting these

loans are a solution, but information isn't really readily available. so should college spend more money and sending the proper information to the students who need it? oh absolutely no question about that. um i think that ive financing a conversation around litigation needs to be advanced. uh, bare and very low levels in uh or excuse me, earlier in the earlier years of this person's life, i think that there needs to be a real conversation around tables, not necessarily at the particular college, but what's best for your child. and then whether that, again, whether that investment is something that really long term makes sense. and so i guess we, we, we, it's just a little bit there for it. of course. uh,

20 years ago when it was just my, oh well here would you do in here just every day. can you build, do those things in that? do i think there really is a conversation about planning and then looking at your options that really does answer those questions that we're talking back today? absolutely, thanks for being the example that a degree doesn't mean everything. thank you so much shavani and luther, but please stick around. our experts will be joining us right here after the break . and when we come back, we will analyze is an expensive education, can guarantee better job prospects will have more after the break or the willing of the a sober to the to the local or union doria so name? yeah i did she shit. a duck lean. i report the control room for 2 of us, so we,

since you get to move onto the system, really, you have enough not to say websites and stuff. i'm assuming, yeah, we did the class. so essentially it's streams of dark news, but i'll let you as well. but the crazy if that's all there is to motivate my subway . but just to, to, you still know, sadly if she ever we get a split the shipper instead of just stick with a lift or flip that chemo, but doesn't, i need to use that says that you train school. so that's good news. i used to move on when they reached over or where you can actually reach opening soon enough to buy useful scripts rescue stuff. but i'm saying yes, i shoot the nestle you create your staple feature that would dump it on the

straight place so that i'm not the media session of a lot right now. moving up. i give a shit a position associated with the local church. so certificate of boulevard you much and watch coolers, which was a john bullshit. so don't that in the cause of the room and attend the want to know heart, that of all our other choose. control the impression of the suffering slow you plus the yesterday actually, which kind of charlotte see what the number or something else. let me put this thing up. so let me just plug that i will start following charter, the correct order you to and you can, you know, you, north share service and lots scored good from other businesses. total k, i will do this. looks like you did you validate the on the

the russian state. never as tight as i'm one of the most sense community best most i'll send send up the send the 6595 and speed. the one else calls question about this, even though we will fan in the european union, the kremlin media mission, the state on russia to day and split the ortiz full neck, even our video agency, roughly all the band on youtube tv services. what question did you say a request which is the

most affordable? cuz it also look at the business and you put in the, the, the lady that was chosen, you know, mary, comes green. we'll just go through with this discussion of curriculum. and i'll see what i can provide you with best option. sure, ruckel beam was matter of the different student and for which of course, and yet you throw in the probably just a moment. that was curious if it was good deal that was sent to us just to be as care to as the top 3 yours man. i'm looking at the study skills on the place to come into on on, on thursday. to do that. if we can, we can load it, was it just pushed, it won't because we use new way to partial a few full color. was there any don't know which these are i know for the don't

know is i can just to do given the other than that, we're going to use best opinion. it also has come up with the the education system in the us is so expensive. then at least do you get what you pay for? do american students receive a superior education that a student in europe and therefore has better job prospects? not really. while the spending per student in the us is exorbitant, it has absolutely virtually no relationship to the value that students could possibly get an exchange. in a recent survey, only 30 percent of us college graduates feel that their education was worth the cost. you can still find some good jobs without college, but it's certainly limits your choices. most of the time, you're more likely to get accepted in a job when you go to a college,

regardless of whether or not going to college would actually help you on the job. however, today with the student loan debt, hardship that is drowning out most crowded and students, it is becoming less advantageous for most people to go to college. many are finding that they're better off going straight into the job market rather than trying to go to college. and then finding alternative means to advance their careers. the u. s. nationwide student, that loan is over $1.00 trillion dollars. and on top of that, you have annual tuition increases and inflation. today, it seems like college is no longer an investment. but a speculation. 50 years ago college was the traditional path to financial success. if he graduated with any kind of degree and a good gpa, you could waltz into any well paying entry level corporate job. but today, this doesn't work anymore. and fresh college graduates are competing for menial entry level positions. in 2021 undergraduate enrollment colleges in the us failed

by 3 point one percent. overall, enrollment at higher education institutions have declined by 5 point one percent since 2019 as a. yeah, there couldn't afford it or thought it was a waste of money. and nearly 9 and 10 gens years are educating themselves through alternative means, like internships and certificate online programs. 48 percent of non enrolled young adults join the workforce instead of going to college. are people better off studying at a 2 year technical program or our 4 year universities? the way to go? now for this question, in more well bringing again our educational experts, luther mercer and giovanni patterson. now, giovanni, let's start off with you. how popular are the 2 years specialty trade schools or apprenticeship programs compared to universities for the middle or mid to lower income class? do these trade schools, you'll better job opportunities upon graduation compared to traditional

universities. when it, when it comes to popularity. um, you know, i think often times a trade schools do get overlooked. however, you know, i would recommend from a personal perspective to really get back into the trades, especially with, you know, the, the amount of a i and automation that's, that's coming out that is going to take or automate a lot of jobs. so the trick trade schools will provide better opportunities, but you know, better is again a subjective word, but they will provide definite opportunities, you know, for, for the future. there's a school right here in, in baltimore city called i'm still standing community corporation and they have a job placement right. rate of over 90 percent, you know, taking, you know, your, you know, young students 18 to um, to, to 30 years old. and as soon as they complete the program,

um they have partnerships with um like companies like southwest or cisco. and we are able to place these um, you know, trade school individuals right from the school, right, from the classroom into a job earning, you know, 70 to a $100000.00. you know, so there are options, you know, when it comes to these trade schools and, and i don't, not sure if they're really getting the recognition they deserve. but they, they should now be, you know, really, really considered absolutely. luther with inflation these days. what is the average starting salary for university graduate and is this r o y worth the 4 year investment? well, i guess, again, uh to make sure you know, uh, we're speaking intelligently about it. it really does depend on the career. it really does depend on what you're looking to do and what you have an interest in. and then you look at the r y again,

i know i mentioned teachers and those why the losing tre schools. but again, you have to plan and really look at what opportunity, what, what are the challenges in the space? do i really need to have a investment in such a inexpensive program? okay. but one of the challenges is marketplace exchange. and america is no different. and so what would you have to do now is say, based on what i'm doing based on the direction, i want to know, what are my options? and am i looking at these clearly and or, or am i just thinking about kind of the social cost of the, oh, everybody wants to be a college graduate and this is going to be what yields me the outcome of the lives that i want. want to pursue or need to pursue. so this is the way you have to look

at it in order to understand whether or not you are wow, your return on investment is a good. absolutely, and giovanni, us universities and education in general, cost more than anywhere in the world, but then shouldn't it be better than everywhere else? so why is to us education not yielding smarter, better students? uh well, you know, if we, if we're going dollar for dollar, i mean the idea would be that it is um, you know, it is better, you know, however, that, that's not the case. and you know, when you look at what's required now in a lot of these schools, there's a lot of, you know, courses require that don't necessarily pertain or, or deal with the major that you may want to require. and that's why you are that may want to require rather, and that's why i think you're seeing a lot of people, you know, go the 1st couple of years of college and, and say, you know,

i'm not going to complete it because i'm not learning the things that i wanted to learn. and uh, so even students are, you know, dropping out and saying this is not used in the result because i wanted to learn x and you're teaching me why. and i don't believe that's going to get, you know, i believe i can learn better on my own. so you see things like stacks deals and you didn't me come up offering these alternative programs. but from a cost perspective, yes, i mean i, i do think better results should be yielded. um, you know, but from, in actuality, because a lot of the money comes from the federal government. i mean, because 92 percent of student loans now are federal really helped loans. and as long as you know, the, the, the to college to is can charge what they want it long as the government is going to pay. you know, we're going to continue to see the results that we're going to get that we're getting now. well, thank you so much, giovanni patterson, and with a mercer for all your time today. you have this, christie. so should education be treated like a big business,

or should it be accessible to all in order to produce an educated workforce and good citizens? should it be completely merit based or should there be a standard level of education across all students regardless of intelligence levels? well, there's no easy solution to these questions as institutions, all costs money to operate bigger doesn't always mean better. us students math skills have also remained stagnant for decades and are falling behind. well, other countries, such as japan, poland, in ireland have improved the organization for economic cooperation and development, administered and assessment in 2018, where the us placed the 30th out of 79 countries in math score, and 4 $178.00, which is below the always cd average of $489.00. now why higher education is of course, is more than just math skills. it is an important indicator. as it shows us,

students may not be as prepared to take on high paying computer and engineering jobs, which often goes to 4 and workers. i'm christy. i thanks for watching and we'll see you right back here next time on the cost of everything. the . this is a southern russia and in a relatively small area between the cost, the n c and the caucuses mountains, you'll find in extreme a variety of climates and in nature. this is in my visions. i'm so thomas and together we're going to discover the magic of russians republics of august on the, the

us, most of the people that live here. and they said that there were at least 3 shots fired ukraine. once again, use the american made rockets for multiple launch iraq, a system called high mars, 2 people that killed another 8, a wounded as ukrainian troops attack for residential buildings in the don't ask for public, the continues to reopen 2 nights of violent protests over the police kidding of a 17 year old algeria and boy as nearly 2.