Is College Still Worth It in 2024?

Is College Still Worth It in 2024? www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
So college enrollment tanked. Yeah, it's a story. College enrollment
falls five percent, five percent. And you want to know
what the top men, the experts are saying. Yeah, when
you hear top men, think of those idiots again. At

(00:39):
the end of Raiders of the Lost Arc, we've got
top men working on it right now as they wheel
the Arc of the Covenant into a warehouse. Top men
are saying FAVZA failures are to blame the Free Application
for Federal Student Aid. That's why, that's why kids are

(01:04):
not going to college because of the botched rollout of FAVSA.
Really keep telling yourself that first and foremost, we'll take
it back. I highly recommend, I highly recommend to people
don't fill out the damn fabs of form. What are

(01:26):
you doing? Okay? What do you do?

Speaker 1 (01:29):
All? Right?

Speaker 2 (01:30):
Again, for certain people, you might get maybe a buck
or two or a student loan government for the most part. Now,
now you're better off you're better off going to the
college and university and saying, you want my kid in
your school, what can you do for me? When you

(01:52):
fill out FAVSA, they have all of your information. They
know exactly how much money you make. They use that information.
The colleges use that information to plan who's going to
pay what. Now I've described this before. Okay, if you're
playing poker with somebody and I'm not I'm not a

(02:15):
card player, but I know I'm not going to show
the other team my cards, and you're negotiating with them,
why would you do that anyway, if you actually think
that enrollment is down because of PAVSA. No, No, many
people are wisening up to the idea that, hmm, maybe,

(02:37):
just maybe I don't I don't have to go to
college to make a nice living. I had this conversation
that was up that was back in New York over
the Thanksgiving holiday, and you're talking with friends of mine
that earned trades, and again I explained to them, I said,

(03:00):
anybody who is halfway decent out of trade down in
Florida will make a fortune. We'll make a fortune. They
need people to do that type of work. Do these
type of work with hvac, plumber, electrician, you name it,

(03:20):
you name it, you call and ask somebody to do
one of these things. You're lucky. Yeah, I can come
out and give you a quote. You're talking a month,
month and a half. You can make an absolute fortune.
It was funny. South Bok did an entire episode based
upon this and all the tradesmen making and apps and fortune.

(03:41):
Good for them. Wall Street Journal just did a story
talking about how private equity is looking to buy up
HVAC companies all over the country. You can do very
very well, Okay, I plenty of very wealthy clients that
are in trades that are business owners. They have a skill.

(04:08):
You don't have to go to college to do that.
Not to mention the fact, even in technology, you've got
companies now in tech that will train almost like an
apprentice program that we've been calling for for some time.
So again, people are starting to wisen up to the
scam that is the high cost of a college education.

(04:31):
There's reasons to go to college for certain degrees, but
many No, No, it's just too damn expensive. Watchdog and
Wall Street dot Com