ICR103: Adam Bauer, Cost of College

Higher education is an expensive business.

Tuition fees, the cost of accommodation and lost earnings potential all take their toll, often resulting in a lifetime of student debt.

In the United States, the cost of college is even higher than it is in the UK, as my guest on this episode of the podcast will explain.

In this episode of Informed Choice Radio, I speak to Adam Bauer.

Adam is Financial Literacy Program Director at Wayne State University in Detroit, Michigan.

Adam describes his role as developing WSU’s financial literacy program. He says: Sometimes I teach. Sometimes I coach. Rarely, I sleep.

A former English teacher, Adam is passionate about using his MBA in finances to improve financial literacy for college age students.

In this episode, we talk about how college in the US differs from the UK. I ask Adam about the financial fundamentals students typically lack and whether higher education is still worth its high cost.

Welcome to Cost of College with Adam Bauer, in episode 103 of Informed Choice Radio.

Some questions I ask

-How did you get involved in financial literacy?

-What are the different types of colleges in the US and how do their fee structures differ?

-Do many students drop out of college because they struggle with financial literacy issues?

-What financial fundamentals do students typically lack?

-With such high tuition costs, is going to University still worth the money?

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