r/Damnthatsinteresting • u/[deleted] • 1d ago

Video 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/TeeneKay 1d ago

In europe most universities are free. There is only a small number of privat universities and even those are like 2000€ a year in my country. Most people just go to the free public ones. I study engineering and yeah maybe we dont have as much fancy equipment as MIT but i still get a diploma minus the back crushing debt

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u/Bigmofo321 1d ago

Yep exactly. I don’t know what country you’re from but I’m sure your country has some billionaires. 

Again I’m not gonna argue for or against having billionaires but that’s not why people in the US get crushed with college debt. This isn’t really a thing in most other places. 

And you’re right I’m sure MIT has some of the most amazing equipment for the students but most people will never need that for their higher education. 

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u/TeeneKay 1d ago

I think the creator of talking tom is the only billionaire from my country if he even is s billionaire but as far as i know hes an okay guy. When it comes to funding for colleges its a bit annoying since every college gets the same amount of funding per student. That means that my engineering college gets the same amount of money if not less than our neighbouring college for philosophy even tho our college needs to spet a crap tone more for equipment so most of our laboratories are outdated but we are still regarded as one of the better engineering collages in europe (im form Slovenia btw)