To succeed in the world today, you need to be constantly updating your skillsets. What you learnt 1 year ago will be outdated in the next. Updating your skillsets takes time and money. The average university education alone now will set you back around $30,000...
This is how the system is set up:
You need money to go to university.
You need a university degree for a job.
You need a job for money.
Economists are predicting that the higher education and college debt financing system will be the next big industry to collapse, due to sky-rocketing numbers of defaults and interest costs.
This system is increasingly being labelled as a form of predatory lending.
It's the average Joe's who suffer and get the short end of the stick. We all know people who are still paying off their college loans after many years!
So what's the deal?
The University of Greatness wasn't created to bash the formal education system, but it was created with a high regard for educational institutions as centers of learning - but deeply aware of the structural limitations that come with them.