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Is Higher Education Too Expensive?

Fri, Jul. 06, 2012 Posted: 04:35 PM

Earlier this year debt on student loans in America exceeded $1 trillion. The average college student now owes more than $20,000 when he or she graduates.

Proverbs 22:7 NIV says, "The rich rule over the poor, and the borrower is servant to the lender."

Financial commentator Peter Schiff has recommended slashing government spending on higher education. He is not alone in saying that there is too much money being spent on higher education in America.

Billionaire tech investor Peter Thiel has challenged college students to drop out of school and start a business instead.

The video below is from Encounter Books and explains how higher education has became a financial bubble.

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