r/nextfuckinglevel • u/matori_tester • 2d ago

Billionaire speaker Robert F. Smith tells 400 graduates he's paying off all their student loans ($40 million in total)

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u/b00c 2d ago edited 1d ago

I can't relate. Around here education isn't a privilege of the rich ones.

e: priviledge lol. i speak languages, you know.

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u/EinTheDataDoge 1d ago

You are in a super minority! Congratulations!

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u/b00c 1d ago

super minority? Entire fucking Europe? hmmm

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u/Paul_my_Dickov 1d ago

University in England will put you into a fair bit of debt.

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u/Capitan_Scythe 1d ago

A fair bit, but still much cheaper than the US. Annual average of £9,000 vs £34,000 for a bachelors tuition fees.

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u/Praetori4n 1d ago

Sweet what's the mean college tuition students are paying? In state discounts are huge and very much taken advantage of. Don't include room and board.

https://usafacts.org/articles/college-tuition-has-increased-but-whats-the-actual-cost/

Says here a four year program with room and board is $18k for a public school (usually called private elsewhere).

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u/Arthradax 1d ago

Wasn't there a thing in England by which they subsidized your college costs and you would only start to repay after you hit a certain pay threshold? I remember wishing to study over there because of that (but never went because life happened...) but never really researched it in depth to know if this was actually real

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u/Paul_my_Dickov 1d ago

I think the fees are £9k a year. You start paying your student loans back once you're earning over a certain amount. I think it's written off after 30 or 35 years, which is most people, as you'd need a pretty good job to actually pay it off.

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u/EinTheDataDoge 1d ago

Yes 9% would be a super minority.

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u/Buddhabellymama 1d ago

More like the US is a minority…

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u/EinTheDataDoge 1d ago

Do you think large portion of the world’s population has access to free college?

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u/JeChanteCommeJeremy 1d ago

Yes.

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u/EinTheDataDoge 1d ago

167 out of 193 countries would disagree with you.

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u/Abardrumt 1d ago

My dude I live in Mexico and we got free college. Hell, two of these universities are of great quality too and one of them occupies the 94th place in the QS World University Rankings, which ranks more than 1500 institutions around the world.

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u/EinTheDataDoge 1d ago

Congratulations! You live in one of 26 countries!

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u/Haru_023 1d ago edited 1d ago

Lol even here in Argentina we have free college.

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u/EinTheDataDoge 1d ago

Congratulations! You live in one of 26 countries!

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u/Buddhabellymama 1d ago

Of the developed worled, yes.

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u/EinTheDataDoge 1d ago

So you agree that a vast majority of the world does not have access to free college.