r/nextfuckinglevel 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 1d 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/Praetori4n 1d ago

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

$18000 for an undergraduate degree. It says it includes room and board as well, which imo is disingenuous. College or not you're still eating and living somewhere.

Americans also make more money than basically anyone hence why PPP and CoL calculations are things.