• sushibowl@feddit.nl
      link
      fedilink
      English
      arrow-up
      87
      arrow-down
      1
      ·
      8 months ago

      And apparently the man is worth $500 million. By ultra rich standards that’s not even wildly wealthy. How many people could somebody like Warren Buffet pay education costs for?

      • scoobford@lemmy.zip
        link
        fedilink
        English
        arrow-up
        62
        ·
        8 months ago

        Average cost of college is under $150k/person. Warrant Buffet is worth $133,500,000,000 (rounded heavily). Warranty buffet could pay for approximately 890,000 people to go to college.

        However given the fact that is most of a million people, and how much of a racket education in the US, I think the actual figure is much higher, because he could do several things to drastically reduce the overhead involved.

        • ColeSloth@discuss.tchncs.de
          link
          fedilink
          English
          arrow-up
          23
          ·
          8 months ago

          It would be far cheaper for him to build an accredited college and fully staff it for 20 years, providing free education, books, and rooms, to everyone who attends.

        • mommykink@lemmy.world
          link
          fedilink
          English
          arrow-up
          7
          arrow-down
          7
          ·
          8 months ago

          Average cost of college is under $150k/person

          My guy, what? Tuition prices in the US are fucked, but “under $150k/person” is such a weird way to put $25,290

          • scoobford@lemmy.zip
            link
            fedilink
            English
            arrow-up
            21
            arrow-down
            2
            ·
            8 months ago

            That’s for 1 year’s tuition. I looked up the average for 4 years plus books, supplies, fees, etc.

            • Leviathan@lemmy.world
              link
              fedilink
              English
              arrow-up
              12
              arrow-down
              3
              ·
              8 months ago

              You’re talking to the average gullible idiot who falls for “fiscal conservative policies”, this is how they always frame gov spending or anything else, leaving out 80% of the costs, ignoring the bigger picture. Also always being confidently incorrect.

            • AlDente@sh.itjust.works
              link
              fedilink
              English
              arrow-up
              1
              arrow-down
              1
              ·
              8 months ago

              That must be heavily skewed by expensive out-of-state colleges. I’m finding average yearly in-state tuition costs quoted between $7-10k.