education you re ging. you don t want to incur debt that stops you from investing in family formation, houses, cars and children down the road. the vl of my education is priceless, but the value of my education is also not $140,000 in debt. if i do ever have kids and get private loans, they ll be directly passed to them, even if i die. it s just siphoning my dreams away. and i feel bad talking about any dreams that i have these days a because there s always this talk that generation y is so entitled and selfish just for wanting the opportunities that their parents had. a lot of the older generations that criticize the millennials grew up in a time when you could go to a sate university and pay your way through with summer jobs. these millennial children them got to college and realized oh, the money is not there to pay for me. i m not going to be able to graduate into a cushy job. and, in fact, everything i was
aren t sure about the layout of a lot of money. is my daughter going to have a job or is she going to come home after it s all done? is your daughter going to have a job and not come back home? i can t tell you that. the time to be defensive about education is not now. this is the time to be aggressive about a broadly-based, intensely personal and intensively practical form of education, whatever school you go to, and it is expensive. i know, i don t have to tell you parents here. we re definitely ensconced in this view that there s only one way to go to college, and that s the four-year, private school where your kids live in dorms with their friends and have all their meals taken care of and someone cleaning the bathroom. i m amply stressed about the college search to come. if you look directly that way, that is the new one world trade building they re building. all the parents i know, their
college search managers. as you can see, there s a very massive building. all together there are about mean libraries in the nyu family. and 6 million volumes as well. i want this for my kids. it s too bad it costs $60,000 a year. and it really does cost $60,000 a year. and this is the main building for student life here on the nyu campus. they have pools, a rock-climbing wall, so you re going it takes a real shift to consider something different when our kids are on this path towards a college degree. going to college has become a way to avoid thinking about the future. what are you going to do with your life? i don t know. i m just going to get another degree.
capitalist vision. it is rooted in the turn of the century idea of humanity and it s an idea that i think is incredibly contemporary and incredibly urgent, all right. to effectively lead us, you need to realize the moment you re in and the position you re in. it is an historic position. it is an historic moment. this is a big step that you came here to meet with us. but we need a leap, not a gamble. universities are clearly at a crisis point. you have runaway cost inflation. this is not what either the kids or the parents signed up for. for years, we ve been saying