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What are your thoughts about today’s show? We’d love to hear from you!
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The discussion around the 5% for thirty years contract and around student debt sparked a though when I was listening live. Could it ever happen that a university gives the education for free, under the understanding that they get a scaled percentage of the graduate’s income for a period of time. If a over-achieving graduate goes on to make millions as a CEO, the university could take a nice cut that could pay for all the “average-achievers” who just go on to get a decent working income. Such a system would certainly incentivize universities to teach the skills that make wealthy graduates.
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Germany sort of does that. You pay a small fee per semester, but the universities are funded through income tax.
My daughter is studying at the moment, she has to pay a 50€ administration fee per semester. If she goes over-long on her studies (requires additional semesters or years of study beyond the normal end of the degree course) or she does a second degree, the cost is 500€ per semester.
Obviously rent, living costs and course materials come on top of that, but the actual studying is more or less free.
That also goes for students from other EU countries and from outside the EU. I know a few Americans that have studied/are studying in Germany.
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here in California, the State pays for everyone and anyone for 2 years at the community college level, and in many cases the AA or AS degree is all that any graduate needs to get a good job. After your Associate degree you can transfer to a UC or Cal State university and will likely have met the first 2 years of your Bachelor requirements since the Community colleges are state schools also and generally follow the same curriculum - GREAT DEAL
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Yeah this UC education stuff has been interesting. the local JUCO isn’t out of the picture for #hardhead, actually
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The system is darn good
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