Arthur Brooks argues that where you go to college barely affects your success. Many Fortune 500 CEOs graduated from state schools. The real problem is choosing expensive colleges you can't afford, which drives student debt.
78%
$75,000 and $150,000
Where you go to school really has absolutely no bearing on whether you're successful. Knowledge is important. Knowledge is currency. So go get some knowledge. Don't overpay for it. And therefore don't tell me that I had to go to this school because it's the only way you can get ahead. Because there's absolutely no data that says that's true. 78% of the Fortune 500 companies are run by CEOs that graduated from a state school. 8 out of 10, they didn't go to MIT, they didn't go to Vanderbilt, they didn't do any of that. Study something, get knowledge that's useful and pay. Pay a reasonable price for it, and then that allows you to avoid student loan debt. The number one cause of student loan debt is not education, it's college choice. Choosing to go to the more expensive school than is necessary to acquire the knowledge. That.
Is absolutely the case. That's 100% on the money. All the data show that. And the whole idea of coming out of college at 22 years old with $75,000 in debt or $150,000 in debt, it's going to take years and years and years for you actually to start living your dreams, to start building your life the way that you want to do it.
