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/Additional_Tax_4752 2d ago

that is insane. holy shit

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u/nate33231 2d ago

It costs that much if you attend a private school or out-of-state schools (publicly funded universities that are outside of your native state). Otherwise, college tuition for a bachelors costs roughly 40k-60k for the entire four years for most public universities, with community colleges costing substantially less than that. The person above you is exaggerating.

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u/No-Village-6104 1d ago

Like 40-60k isnt ridiculous...

Im from croatia, studied in italy for about 20e a year. Dorm room was almost free and on top of that I got 2500e per year as a scholarship. Also i believe the 2500e scholarship is the lowest you can get based on your economic situation. My gf at the time got 5k a year.

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u/SebVettelstappen 1d ago

40k is still a lot, but it depends. Out of state + private school + nice school, yeah you pay a lot. In LA you can go to calstatela for chips compared to that.