Education and Schools
Ian Winer is an investor, philosopher, humanitarian, writer and public speaker who connects people to the truth of market places and human behavior. Ian is the author of the book, Ubiquitous Relativity: My Truth is Not the Truth. A regular contributor to CNBC, Fox Business, The Wall Street Journal, Bloomberg, and Reuters, to name just a few, he is known for seeking connections through non consensus thinking and making it relatable to everyone.
The scam announced today, involving a couple of celebrities, to get kids into college through lying, cheating and stealing may be an inflection point in what people pay for education.
MY PREDICTION: THIS IS THE TOP IN THE COLLEGE TUITIONS!
Trivia: What is the one demographic that saw their unemployment go up during this recovery?
Answer: College Graduates.
In analyzing any investment, clearly one should look at risk / reward.
I don't speak for everyone, because each person decides why they go to college, but if the goal is to get a job with a higher income because of the college degree one has to ask: Is it worth it anymore?
Student Loan Debt just passed $1.5 Trillion. Many people are paying back those loans a decade after graduating.
I don't know what every college costs for 4 years, but I think the low end is ~$100k and the high end ~$300k.
Wage growth is non-existent. A big thanks to the rapid pace of technology.
High paying jobs have completely changed in the last 5-10 years. Have colleges adapted that quickly?
I am old enough to remember when people actually wanted to Work on Wall Street. Not anymore, because it is hard to make money in that industry.
I actually think scandals like this tend to mark inflections in a market. In this case, it's a big wakeup and maybe the demand slows to a point where tuitions actually go down.
As the zen master says: "We'll see."
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