Ron Lieber, The New York Times - If You Look At Private Colleges And Universities, On Average, They’re Discounting Their Tuitions by 52% | #291

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 3 March 2021

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In episode 291, we welcome our guest, Ron Lieber, the Your Money columnist for The New York author of the book, The Price You Pay for College. In today’s episode, we’re talking about what Ron describes as the biggest financial decision your family will ever make: paying for your child’s college tuition. We begin with some background as to how the sticker price of college has soared over the past few decades. Then Ron explains what merit aid is, how it can save you tens of thousands of dollars, and how schools are using it to compete with other schools for prospective students. Ron walks us through some of the best ways to start preparing for this big expense and why he believes you should talk to your son or daughter before they enter high school about all the factors impacting this important financial decision. As we wind down, Ron explains what policy suggestions he’d love to see implemented to help fix the student debt crisis. All this and more in episode 291 with The New York Times’ Ron Lieber. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Mepp Faber Show, where the focus is on helping you grow and preserve your wealth.
0:11.0	Join us as we discuss the craft of investing and
0:13.5	uncover new and profitable ideas all to help you grow wealthier and wiser.
0:17.2	Better investing starts here.
0:18.8	Matt Faber is the co-founder and chief investment officer at Cambria Investment Management.
0:23.4	Did it industry regulations, he will not discuss any of Cambra's funds on this podcast.
0:27.2	All opinions expressed by podcast participants are solely their own opinions and do not reflect the
0:30.8	opinion of Cambria Investment Management or its affiliates.
0:33.4	For more information, visit Cambria Investments.com.
0:35.6	What's up friends?
0:40.5	Today a great episode.
0:41.7	We're welcoming back our guest who has been the
0:44.2	your money columnist for the New York Times since 2008 and recently came out with a new
0:48.1	book the price you pay for college in today's episode we're talking about what our guest describes as the biggest financial decision your family will ever make, paying for your child's college tuition.
1:00.0	We begin with some background as to how the sticker price of college has soared over the past few decades
1:05.2	Then we learn about merit aid how it can save you tens of thousands of dollars and how schools are using it to compete with other schools for prospective students.
1:13.8	Our guest then walks us through some of the best ways to start preparing for this big expense
1:17.8	and why he believes you should talk to your son or daughter before they enter high school
1:21.8	about all the factors impacting this
1:23.8	important financial decision. As we wind down our guest explains what
1:27.7	policy suggestions he'd love to see implemented to help fix the student debt
1:31.9	crisis.
	...

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