Here it is on youtube
This looks at both sides of the debate on President Obama's free college proposal. Here's a recap:
-the critics ask if it really does boost the economy, since we're already in debt, and what are the actual effects of this proposal passing.
-the White House says that higher education is the best way to climb the socioeconomic ladder and that this proposal is a great way for low income students to break into the middle class and thus creating a growth is the middle class that could potentially fix the economy.
-both sides of the isle agree that higher education is directly related to a boost in the economy
-other studies show that other things are more important such as good health
-President Obama wants to lower the student debt so college graduates have more spending power (I explain the never ending cycle that negatively impacts our economy here)
-Germany, Norway, Sweden, and Finland are countries that already have a similar system and their economies are thriving
-the GDP is high and unemployment rates are low
-on the other side of that the World's Most Expensive Universities in the US and UK (Harvard, Oxford, etc.) dominate the Top 10 sports as the best universities.
I found this video to be more of an informative video as it did not choose a side on whether a college education should be free or not. It did however say that a college education is a very good idea because it can lead to better health, a longer life, a higher salary and a lower unemployment rate. If you choose to have children after you obtain a higher education, your children are more likely to have better health, cognitive abilities, academic achievement, and they have a lower chance of experience poverty. This video also mentions the fact that the current student loan debt totals more than $1 trillion and the average college graduate borrows $29,000. This is comparable to another study done UniversityNow that found:
As you can see in this study, they found that 66% of college students graduated in debt and the average debt found was $25,000. This is shows what 66% of the United States looks like and they also compared the average debt to buying a new fridge and a new car. Those two purchases together equal the amount of student debt. This is absolutely ridiculous and I think that we are asking too much of our college graduates to start making payments for their college (that are comparable to that of a car payment) just six months after they graduate.
Read my next post to find out how other countries do it and how I want America to fix this obvious travesty of justice.
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