Hey guys, welcome back to the show.

Today we're talking about college, specifically American college, and whether it's even worth it anymore

considering the increasingly sky-high price of tuition. As I'm sure far too many of us are personally

aware of, college in the U.S. is expensive, to say the least. In fact,

depending on how you look at it, the U.S. is one of, if not the most

expensive places to go to university. According to 1, 2018 report,

the U.S. had the second highest annual tuition fees for public colleges.

costing an average of $8,200 per year,

American public colleges were some of the most expensive in the world, second only

to those in the United Kingdom, which had an average annual tuition fee of around $12,400.

But when it came to the cost of private colleges, no other country even came

close to the average annual tuition fee of over $21,000 that you find in the U.S. That's a lot of money. In fact, you'd have to pretty much be a Rockefeller or Vanderbilt to think that that's not a lot of money.

And since most people, especially most 19 and 20 year olds, don't just have 20,000 extra dollars sitting around in the

bank per year waiting to be spent on just whatever a lot of people have been

borrowing money to pay for their education and this of course has led to an increasingly and shockingly large amount of student loan debt.

According to Forbes, outstanding student loans in the US went from just under half a trillion dollars in 2006 to over one and a half

trillion dollars in 2018 and among students who graduated from college in 2018

69% of them had taken out student loans and they graduated with an average debt of $29,800.

And broken down even further among people who graduated from public colleges, 66% of them had loans with an average debt of $25,500.

For graduates from private non-profit colleges, 75% of them had loans with an average debt of $32,300.

And among people who went to for-profit colleges,

88% of graduates had loans with an average debt of $39,950.

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