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Borrowed Future

Ep 3: What College Should You Go To? Avoiding the Traps of Higher Education

Borrowed Future

Ramsey Network

News, Documentary, Business News, Society & Culture

4.86.5K Ratings

🗓️ 14 October 2019

⏱️ 54 minutes

🧾️ Download transcript

Summary

Are we lying to kids when we tell them they have to go to college to be successful? College is not for everyone and some people would be happier working jobs that don’t require a degree. College choices are often based on marketing that preys on emotions, causing students to pick a campus with a lazy river over the one they can actually afford. But when you pick a college for the wrong reasons and take out student loans to do it, you can be screwed. In this episode you’ll hear from thought leaders like Mike Rowe, Seth Godin, Mark Cuban, Dave Ramsey, Rachel Cruze, Anthony ONeal and more on how college FOMO is real—and dangerous. BorrowedFuture.com http://bit.ly/2BwX2Mv “Debt Free Degree” Book http://bit.ly/31yOMXb Splash Financial http://bit.ly/2B9rX1b Have you been impacted by student loans, or have you received a debt-free degree? Send your story to [email protected] or call 629.235.0235 and leave a voicemail!

Transcript

Click on a timestamp to play from that location

0:00.0

Back in 1980, my high school guidance counselor called me down to his office to discuss my future.

0:08.1

Based on some test scores, Mr. Dunbar wanted me to apply to James Madison or Penn State.

0:15.2

I told him that money was an issue and that the community college down the road seemed like a better option for me.

0:21.4

Mr. Dunbar said,

0:23.0

a two-year school was, quote,

0:25.3

beneath my potential and gave me some information on student loans.

0:32.5

That's Mike Row, writer, narrator, producer, actor, and spokesman.

0:37.1

You probably know him from the show's dirty jobs and returning the favor.

0:40.9

Today, he runs the Mike Row Works Foundation,

0:43.5

which awards scholarships to help students pursue careers in the skilled trades.

0:48.4

He pointed to a poster that hung on his office wall.

0:52.9

Which one of these guys would you like to be, Mike?

0:56.6

The caption read,

0:57.9

works smart, not hard.

1:01.0

It still makes me angry when I think about it.

1:03.2

Not just the stupidity of the advice,

1:06.4

but the pressure to borrow money.

1:09.4

I was 18 years old.

1:10.8

I had no idea what I wanted to major in.

1:13.3

I had no interest in borrowing money to find out.

1:17.2

So I stuck to my plan.

1:18.7

I spent the next two and a half years at Essex Community College.

...

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