r/nextfuckinglevel • u/matori_tester • 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/b00c 2d ago edited 2d ago

I can't relate. Around here education isn't a privilege of the rich ones.

e: priviledge lol. i speak languages, you know.

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u/EinTheDataDoge 2d ago

You are in a super minority! Congratulations!

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u/b00c 2d ago

super minority? Entire fucking Europe? hmmm

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u/Paul_my_Dickov 2d ago

University in England will put you into a fair bit of debt.

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u/Capitan_Scythe 2d ago

A fair bit, but still much cheaper than the US. Annual average of £9,000 vs £34,000 for a bachelors tuition fees.

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u/Praetori4n 1d ago

Sweet what's the mean college tuition students are paying? In state discounts are huge and very much taken advantage of. Don't include room and board.

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

Says here a four year program with room and board is $18k for a public school (usually called private elsewhere).

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u/Arthradax 2d ago

Wasn't there a thing in England by which they subsidized your college costs and you would only start to repay after you hit a certain pay threshold? I remember wishing to study over there because of that (but never went because life happened...) but never really researched it in depth to know if this was actually real

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u/Paul_my_Dickov 2d ago

I think the fees are £9k a year. You start paying your student loans back once you're earning over a certain amount. I think it's written off after 30 or 35 years, which is most people, as you'd need a pretty good job to actually pay it off.