In this episode, Doug and Chris explore why college is so expensive and why the market for higher education in the United States is broken in significant ways. They present important data on the magnitude of the problem, and talk through potential ways to make higher education more affordable. Finally, they discuss how Chris, as a father of three, personally feels about the college education cost dilemma.
4.00 Differences in Per Capita income, high school versus college graduates
5.45 Tuition rate increases since 1973
8.00 Why the value proposition of a college degree is in question
8.40 How higher education, like healthcare, doesn't operate as a competitive economic market
15.35 How does Chris think about this topic as a father of three?
19.55 Are college teaching people the right things?
22.55 What could we as a society do about the high cost of college education?