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- If I Were 18 Again, Here's What I Would Do: College or No College?
If I Were 18 Again, Here's What I Would Do: College or No College?
Explore the decision of going to college or not as per the insights shared in this video. Find out the data behind the choice and get honest advice. Dive into the comparison between college and non-college graduates to make an informed decision for your future.
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Video Transcript
to go to college or not go to college
that is the question in the game of life
and I'm going to show you the data so
that you can make your own decision and
at the very end I'll give you my honest
advice and so let's talk about
playing the game of one of zero every
time I make a point for college I'm
going to move my college graduate
forward one point and every time I make
a point for my non- college graduate
I'll move him forward in his career one
point let's see who wins in the end this
chart shows you how much the cost of
going to college has gone up compared to
the starting salaries now you might be
like wow okay there is a big difference
here to put this tuition increase in
context this has doubled in just the
last few decades whereas the median
starting salary has more or less stayed
the same so you pay twice as much for
the same thing let me show you what the
result of this has been this is national
student loan debt and you're like oh
it's measured in dollarss that's in
trillions
1.76 trillion is more GDP than every
country in the world besides maybe the
top 10 so that means that our College
days kids young adults are taking on
more debt than entire nations produce
and so at some point you have to think
are they going to be able to make that
up and if you're a parent or loving
relative that a young person who's
making this decision is sent to I want
to talk to you specifically I went to
Vanderbilt which is a very good school
right now I think it's ranked 13 that's
tied with brown as a pseudo ivu League
school I graduated in three years magnet
klow I was president of my fraternity I
was vice president of the powerlifting
team and I did it in three then I went
into a white collar job management
consulting for two years and then while
I was at that job I studied very hard
and got above Harvard Business school's
GMAT midore and so that was my plan