01.17.23 The Transformation Of Higher Education / The Crimes & Fines of Wells Fargo

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 17 January 2023

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Various factors are contributing to a shortage of college students, forcing many schools to cut tuitions and reevaluate their relevance. This as state supported trade, technical and community colleges are challenged to better align curriculum to the needs of the workplace. Clark discusses the transformation in higher education, its value, and your new negotiating power. Also, Clark has the latest installment of the crimes and fines of Wells Fargo - a “bank” you’d do well to forego. Transformation in Education: Segment 1 Ask Clark: Segment 2 Again With Wells Fargo: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Best 529 College Savings Plans By State What Is a Roth 401(k) and How Does It Work? How To Get the Best Price Possible Shopping Online NYTimes: Wells Fargo to Pay $3.7 Billion Over Consumer Banking Violations WSJ-Wells Fargo Reaches $3.7 Billion Deal With Regulators Over Consumer Banking CFPB Orders Wells Fargo to Pay $3.7 Billion for Widespread Mismanagement of Auto Loans, Mortgages, and Deposit Accounts | Consumer Financial Protection Bureau Credit Karma Review: Free Credit Score and More at Your Fingertips Clark.com Community Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Busy making budget plans for the business year ahead, we've got you covered.
0:05.4	Switch to three business and choose from the latest handsets with unlimited data in our winter sale.
0:10.6	Plus, our business price promise means if you find a cheaper deal from one of our biggest competitors, we guarantee you to beat it.
0:18.1	Search three business or visit us in store.
0:21.1	Business price promise means we'll beat it directly.
0:24.4	Quit you've been given my e-vote for 0.02 for business plans by at least £1 per month, terms apply such three business price promise.
0:35.3	It's my pleasure to welcome you to the Clark Howard Show where I'm issues to serve you and empower you.
0:41.3	She make better financial decisions in your life.
0:45.1	Today, I want to talk about higher education,
0:49.7	insane tuition, completely not understandable financial aid, and the craziness of admission.
1:00.0	So, the great news, the way college has been done, it's not how it's going to be done,
1:07.7	which is going to be great for families with kids who are growing up who may go to college someday.
1:14.6	And later, get ready for the broken record machine here, Wells Fargo has done it again,
1:23.8	and not in a good way, and their public statements, not remorseful at all.
1:29.8	What is wrong with that bank's culture?
1:34.0	So, let's talk about the culture of applying for college.
1:37.9	So, the way college has worked is colleges have posted these unbelievably high two-ish-hands.
1:46.6	You look at any of them and you're like, could it really be that much money for a year of college?
1:53.7	But then, oh, wait, there's more.
1:56.7	Here's a financial package for you if you'll come to our school.
2:01.3	I remember when our middle child, who's now a college graduate, thank goodness,
2:07.6	when she was applying to colleges, she was getting financial offers from schools,
	...

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