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Money Guy Show

Why College in America is Broken [And What You Can Do About It]

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Investing, Education, Business

4.73.1K Ratings

🗓️ 8 July 2022

⏱️ 52 minutes

🧾️ Download transcript

Summary

College costs in America have skyrocketed over the last few decades, as has the total student loan debt in the country. In this episode, we'll talk about why college in America is broken, what went wrong, and how you can do college the right way. Watch more exclusive content only on YouTube! Visit our website - Get our FREE financial resources - Sign up for our Financial Order of Operations course - Get easy to understand answers to your financial questions Follow us on social media! -Instagram -Twitter -Facebook -TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Why college in America is broken and what you can do to fix it?

0:04.4

It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,

0:11.2

investing, taxing.

0:13.1

You've got financial questions, he's got financial answers.

0:16.7

It's Brian Preston, the money guy.

0:20.1

Yeah, Brian, I am excited to talk about this because I feel like this is a hot button topic.

0:24.4

Anyone who has children is thinking about having children, has recently had children, or

0:30.9

is in college and recently come through college, they recognize, I mean, there's something

0:34.7

going on right now that feels a little bit different.

0:38.9

And a lot of people are questioning, is this the way it's supposed to be?

0:42.3

Is the outcome that we're facing right now, the outcome that's supposed to be, is it

0:45.6

relates to higher education?

0:47.3

So we went away into that.

0:48.3

Well, I've got some direct connection with this topic today.

0:53.1

I just had my daughter graduate high school.

0:56.9

What's funny is we had the whole family come stay with us for that graduation and I have

1:00.8

a niece and nephew and my niece.

1:03.8

We were working through with my sister-in-law filing last year's tax to try and figure out,

1:09.1

how do you take advantage of the tax credits for education?

1:13.5

Who should claim it and so forth?

1:14.9

And I was like, wow, this thing is all around me.

1:17.1

And then anybody who's had a senior in high school student, you probably had the same shock

...

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