We’ve Been Deceived! The REAL Cost Of A Degree - RTBP Episode 203

Reason To Behold

**Overview:** Arnold and Tolu discuss the true value of university, the impact of student loans, and alternative paths to success. **Key Discussion Points:** - **00:01 – University is a Scam?**: Challenging the idea that university guarantees success. - **01:10 – Personal Experience**: Tolu reflects on his university costs and debt repayment. - **02:31 – Modern Student Debt**: Graduates leaving with over £140,000 in debt. - **04:16 – Career Prospects**: Importance of choosing a degree with career opportunities in mind. - **07:53 – Stealth Tax?**: Ethical concerns behind student loan structures. - **11:08 – Real-World Experience**: Success stories of those who chose work over university. - **16:44 – Alternative Options**: Business coaching, apprenticeships vs. traditional degrees. - **20:38 – AI and Automation**: Impact on degree value, especially in fields like law. - **23:06 – Alumni Networks**: Comparison of UK vs. US university career support. - **27:00 – Student Loan Psychology**: Spending borrowed money vs. upfront payments. - **30:36 – Final Takeaways**: Is university a scam, or do students need to be more informed? **Highlights:** - Graduates with £140,000 debt struggle with repayment. - Investing in yourself without student loans can be more beneficial. - Success depends on leveraging skills, not just having a degree. - Student loans can be financial chains for life. - The system's bias against loans for business startups. **Practical Steps:** 1. Research the ROI of your degree. 2. Consider alternative routes like apprenticeships and mentorships. 3. Think like an investor with your education funds. 4. Understand student loan repayment terms. 5. Leverage your transferable skills post-graduation. **Relevant Themes:** - True cost of higher education - Financial literacy and responsible lending - Career growth vs. student debt - Alternative education and entrepreneurship - Impact of AI and automation on traditional careers Stay connected with RTB at www.reasontobehold.com and share your thoughts at [email protected].