Friedberg describes treating Final Frontier with ownership mentality despite having no actual equity stake in the company.
“I view this company as my I I have ownership in this. I don't actually have ownership in this, but my mentality is I do have ownership in this.”
Friedberg was the first person to review Final Frontier's app while still a student preparing for exams.
“Like, I was, I believe, the first person to review their, their app and a few other things and give feedback on it.”
Friedberg emphasizes moving on from past failures like exam attempts to focus on present goals.
“The reason I started thinking this way and saying this is because you have to move on from that past.”
Friedberg notes college administrators grew from 10% to 60% of staff over thirty years due to unlimited loans.
“My salary will go from $1.30 to 200 if I become a manager and hire four people. Fast forward thirty years, 10% of staff as administrators to 60% of staff as administrators.”
Friedberg states 40 million Americans graduated with student loans in the last decade, averaging $40,000 debt each.
“four you know, four forty million Americans graduated in last ten years from student from college with student loan. Average student loan debt $440,000.”
Friedberg argues federal student loans remove market checks, enabling colleges to raise tuition annually without constraint.
“And as a result, there's no market check. So in the case of education, the colleges can charge more every year, and the student is free to just get more loans.”
Friedberg argues AI enabling humans to reach their potential is a fundamental right in education.
“Practically no one is reaching their potential. Yeah. What AI does is it allows humans to reach their true potential Yeah. As a human.”
Friedberg argues AI enables humans to reach their potential, a fundamental right in educational systems.
“What AI does is it allows humans to reach their true potential Yeah. As a human.”
Friedberg argues government student loan intervention caused 6x administrative cost increase and 8% annual tuition inflation.
“When the government intervenes in underwriting student loans and gives everyone a loan, administrative costs went up by six x and tuition skyrocketed 8% a year compounding for thirty years because the government said we'll underwrite any student loan.”