$1,730,000,000,000 in Student Debt: Why is College So Expensive in America? - TLDR News

The video explores the escalating student loan crisis in the US, tracing its roots from post-WWII policies like the GI Bill to modern-day challenges. It discusses the impact of government actions, such as the privatization of Sallie Mae, and the shift towards student-funded education. The video also examines potential solutions, including free college programs and debt cancellation, while highlighting the economic implications of student debt.

What is considered one of the most significant financial decisions for Americans today?

• Starting a business

• Getting a student loan

• Buying a house

• Investing in the stock market

How much has college tuition increased since 1980?

• 1200%

• 1000%

• 800%

• 500%

What was the primary purpose of the GI Bill after World War II?

• To offer healthcare benefits to veterans

• To create job opportunities for veterans

• To finance the education of returning soldiers

• To provide housing for veterans

What was one of the reasons for the rising cost of college education post-World War II?

• Increase in faculty and facilities

• Reduction in government funding

• Introduction of online courses

• Decrease in student enrollments

Which act was passed to increase federal funding for education and provide low-interest loans to students?

• The Education Reform Act

• The National Defense Education Act

• The Servicemen's Readjustment Act

• The Higher Education Act

What was the role of Sallie Mae in the student loan system?

• To provide scholarships

• To buy loans from private banks

• To offer free education

• To regulate tuition fees

What was the impact of the privatization of Sallie Mae?

• It eliminated student loans

• It focused on maximizing profits

• It increased government oversight

• It reduced the cost of student loans

What economic impact does high student debt have on the American economy?

• Limits fiscal policy

• Increases consumer spending

• Boosts job creation

• Reduces economic vulnerability

What is one potential solution to the student debt crisis mentioned in the video?

• Increasing tuition fees

• Expanding Pell grants

• Eliminating scholarships

• Reducing college enrollments

Which controversial solution involves taxpayer-funded education?

• Student loan forgiveness

• Free college programs

• Increased tuition fees

• Higher interest rates