Student Debt Is Increasing, But Few Are Paying Full Price For College

The video discusses the prevalence of tuition discounts and merit aid in US colleges, noting that 90% of undergraduates receive some form of discount. It highlights how merit aid is often used as a marketing tool rather than a true reflection of academic ability. The video also covers the significant burden of student loan debt, which is the second-largest household debt in the US. It mentions President Biden's proposal to forgive up to $10,000 in student loans per borrower. Finally, it advises students to negotiate for better financial aid offers by comparing offers from competing schools.

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