Ric Edelman

Number one is this, and you'll resonate with this a whole lot.

An average kid who goes to a great school will have an average life.

A great kid who goes to an average school will have a great life.

In other words, it's more about the kid than the school.

No, not necessarily.

You don't think so?

No, we know it from the statistics.

85% of incoming freshmen are undeclared, undecided.

And this is why over 80% change their majors and 60% change schools.

Because what the parents and they thought was the right place to go, the kid discovers in their second or third year, this place isn't right for me.

It doesn't meet who I am or what I am.

Not at a cost that— Isn't that a kid finding themselves?

It's perfectly fine— Part of the point?

For you, Josh, your family, the wealth you have, sure, it doesn't matter in that sense.

But for the average student who is amassing massive amounts of debt and recognize that whenever you change majors, you end up having to take extra credits because the old credits don't qualify.

Or if you change schools, the new school rejects 43% of the credits from the old school, which means you have to go to years five and six at more expense, more time.

So for most Americans who are challenged financially,

This is a path toward a problem.

And therefore, here's the conclusion.

While I painted a statistical picture of really bad issues, the real message is this.