How To Graduate From College Debt Free
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- เผยแพร่เมื่อ 5 ธ.ค. 2021
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These videos are for entertainment purposes only and they are just Shane's opinion based off of his own life experience and the research that he's done. Shane is not an attorney, CPA, insurance, or financial advisor and the information presented shall not be construed as tax, legal, insurance, safety or financial advice. If stocks or companies are mentioned, Shane might have an ownership interest in them. Affiliate links may be present, the offers and numbers presented may change over time so please make sure to confirm that the offer is still valid. Some offers mentioned may no longer be available or they have been changed. Please don’t make buying or selling decisions based on Shane’s videos. If you need such advice, please contact the qualified legal or financial professionals, don't just trust the opinion of a stranger on the internet and always make sure to do your own research and enjoy this family friendly content.
Sources and further readings for jobs and college degrees:
bls.gov(bureau of labor statistics)
nces.ed.gov(national center for educational statistics)
payscale(provides information on jobs and degrees)
affordableschools.net/ways-ke...
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I joined the military did my four years. Now I’m getting my bachelors in finance and Accounting from Northeastern university for free.
Thank you both for your service!
Is it true that when you do 4 years, that’s 4 years active and you’re still technically in the reserves for another 4 years?
@@gangatalishis It's called the IRR (inactive ready reserve). You don't actually do anything those 4 years, but can potentially be called back to active orders if the need arises, which is extremely rare and unheard of. You can also be called in for a "muster", which is a mandatory gathering of IRR members, where they tell you about opportunities and update personal information. Otherwise, it's 4 years active (typically) and 4 years inactive, then freedom.
@@sergeantpeen4088 thank you, good information to know.
I’m active duty right now same game plan but gonna start TA work my way towards an engineering degree
My advice (not a synopsis of the video...his advice is worth listening to):
1. Community College for those first (mostly) useless years as you save the big money for the classes that matter. Get an "A.A." (Associates of Arts) so when you transfer to a "big school", the A.A. degree wipes out the "General Education" requirements (again, those useless classes like literature, philosophy, humanities, etc.).
2. Learn to cook: high protein meat (chicken), steamed rice, and vegetables. Over and over again.
3. Buy a used car. You don't need a 202X V8 mustang at 33% APR with no money down. Get a grocery runner, so when you graduate you can pay your student loans off fast, saving money in the long run. Nissan, Mazda, Toyota, and Honda will be your best chances for a cheap, dependable car.
4. STEM degrees. Wanna be a server for life: get a degree in lesbian dance theory or something absolutely frivolous. Get a STEM degree, put in the HARD time (4-5 years) now, so you can have a 40 years+ life where you are living well and able to invest in yourself and the market (401K, Roth IRA, Dividend stocks, Index funds and ETFs). Invest as soon as possible, so when you're 40, you can nearly guarantee $1M+ in the market waiting for you.
5. Live within your means. The less you spend, the more you'll have in the bank for emergencies or when something really worthwhile comes up. Limit going out for really significant milestones in your degree progress oe midterms and finals. If you frequent bars and clubs, you'll just piss alcohol through your body, and those places tend to be more trouble than they are worth. I know enough single moms who met "Mr. Pump and Dump" to back that claim.
6. Side-hustles/passive income. Shane has hit on these in the past. One example: there are excellent websites where you can teach English to Asian students across the globe for an easy $10-$15 per hour. Super flexible schedules, upload videos when you want, and no need to put on a McD's uniform as well as gas money, wear and tear on your vehicle, and time spent going to work and coming home.
7. Roommates if you can handle it. Choose your paths carefully here. Things won't bother you at first, but when you're under the stress of finals, and someone decides to not flush after doing a #2 in the community bathroom - trust me, you'll find your limit quickly. Network, get to know people, and if you can get a roommate to make rent easier to pay, it can be a wise alternative.
Lastly, for the ladies, OnlyFans. Kind of kidding, kind of not. Your looks WILL fade. Might as well cash-in on the Simposphere now and get your education paid off and more (Your Mileage Will Vary). Everything has a price, so if your dignity is cheap, might as well make some 💸💸💸.
This is so accurate.
This was great haha
@@ShaneHummus Only the best for you : ). Being 40 now, there's SO much I wish I had known, and I want younger people to have the best chance of success. The government backing loans to basically give colleges ZERO incentive to keep tuition prices low is certainly not helping them. And with the government now claiming they'll back home loans up to $1M for select buyers, I anticipate we will see the same situation in the housing market down the road. I can already see it for the younger crowd: "2000 sq ft for $750K @ 5.0% for 45 years - what a deal!!! I'll be in debt to my mortgage until I literally die!!"
And who is backing those home loans: Fannie Mae and Freddie Mac - who nearly destroyed the housing market in 2008-2009. What could go wrong?????
-__________-
To the younger audience: save as much as humanly possible to get as big of a down-payment on your future home now. Aim for an absolute minimum of 20%. DON'T FALL INTO THE TRAP of 0% down. It sounds GREAT until property taxes kick in the next year and your mortgage goes from $1300 to $2500 overnight. Ask me how I know.
Great advice!
One thing about your first point. It is a great option but, if you can afford it, going to a university straight out of high school can be very helpful as it will give you many of the opportunities offered by universities in the early years such as internships and career fairs. Just to note
This guy is so underrated I've been watching his videos alot lately and I'm 17 a senior in highschool just trying to figure out my life
All these tips are great! Thank you for taking on the student loan disaster, Shane. I hope young people know that it's possible.. I was a bad high school student and now I live alone and work full time during school and it's still possible to avoid student loans despite my mistakes. If I happen to graduate with any debt I plan on living like I am now and paying it all off like it's war as I did with my other debts. The 529 is also really underrated lol.
How I got into undergrad and postgrad debt-free:
My beyond caring parents who worked their skins off to the bone, to avoid me getting into debts.
Not everyone can be as lucky. But this was how it was for me. I've never taken that opportunity for granted.
What was your major in? And you are so lucky I joined the military just to do that
The way I did it:
I graduated high school and took time off to save money while working and refreshing math/english for placement.
Got my associates at a community college (10k) paid as i went while working full time.
Now im in my Jr year with enough money saved up to finish my bachelors.
I still work but only part time.
A bonus, i'm an accounting major and will reach the required 150 credits by taking clep exams ($89 each)
I'am so happy that i found this channel, u provide very meaningful information for a lost person like me 🤣🤣🤣
Served nine years in the Marine Corps, now the VA is paying for the next seven years of housing ($4,971/month) and tuition for me to enter the civilian workforce on my own terms. Let’s also not forget the $4,500/year in tuition assistance that active duty members get that goes critically underused. Half of my associates degree even came from ACE credits from service schools.
Serving is a fantastic way to not only graduate debt free, but to even get paid (often tax-exempt) to go to school in the first place. The benefits are just phenomenal.
Lovely
Thank you for your service. I also got a lot credits (33) through ACE (JST).
Unfortunately that’s not an option for everyone. If you have any medical condition you can’t serve. I can’t use the GI bill.
If you can handle it, get 2 part time jobs that offer tuition reimbursements. That’s what I’m doing and it’s working out pretty well.
That's great, how much is getting reimbursed?
@@ShaneHummus It depends on the company but it could range from 3k a year to 5k a year in my experience. It’s not much but it definitely helps.
where do you work if you don’t mind me asking? i had no idea this was an option
@@melissahernandez4553 Mc Donalds and FedEx but make sure you do research on the requirements to get the tuition reimbursement. 👍
@@alana9478 I assume you have to work a certain number of hours?
I joined the Air National Guard in highschool. Graduated 1 year late at 23 with my bachelors in finance with 40k saved up and completely debt free. Now i make about 105k a year and im a civilian! Was able to buy my first house
Work at Target over the summer and weekends and go to community college your first 2 years of college, while living frugally and doing a lot of scholarships. You'll probably have enough money to graduate debt free.
Hi Shane! I’ve been your viewer since 20k subs, really proud of you and have been a fan of what this channel has become. Any advice for someone like me? I graduated with a degree in Physical Therapy from the Philippines, now, I don’t know what to do with it here in the United States. Any suggestions would help, thank you boss!
Currently making a discord where it will be easier to answer direct questions like this. Look out for it soon!
Please make a video about some good courses/certifications for mature people. People who are in their 30's and 40's and struggling to make money
Can you do more for those that are in community colleges? I could understand if there are people in universities and regular colleges but uhhh those in community colleges need help too 😅. I apologize if there are videos on community colleges from this channel but it would help if there were more videos on them.
Community college is a great choice. I should definitely do a few videos dedicated to that
You left out beauty pageants, miss USA offers the winner 50k scholarship, and miss America offers some type of scholarships to it’s participants too. There are also other less known beauty pageants that offer scholarships. Without forgetting the benefits such as work experience, connections, and the paychecks that come with winning these pageants specially miss USA/universe .
Okay, for the 0.000001% of the audience that can win a beauty pageant this is great advice!
@@ShaneHummus roasted
Great video
Thanks!
What do you have a Phd in Shane?
What’s up Shane! What are the advantages of doubling in physics and engineering
The Best Double Majors For Engineering Degrees
th-cam.com/video/SxMl2mpEkWM/w-d-xo.html
Where is a good place to look for essay scholarships?? :)
What about people going to college after 25?
Is there any chance you could give some advice to broke international students? (Mostly in S.T.EM)
YES PLEASE
Im in Community College planning to transfer to a top tier school.
What school
Something I’d like to point out, if you’re using FAFSA their guidelines are quite rigid actually! For older people returning to college you qualify for MUCH less than if you were fresh outta high school. Example: classmate of mine, both of us in community college. If you’re over 26, just to qualify for tuition alone your income has to remain below $20K/year. My classmate intentionally got a minimum wage job working only part time to ensure he stays below the FAFSA income ceiling. He’s stuck between a rock and a hard place because he can’t afford to pay for college alone, but if he makes too much money he can’t qualify for FAFSA to help pay for college lol so he’s basically living below the poverty line just so he can stay in school. Stupid rules will only discourage people from getting a college education ya know?
When you see this: Avg cost after aid $20K
Are they saying 20k a YEAR ?
Go to a community college of the state you are a resident in
Per year yeah, mines like 7.8k a year and that’s pretty much how much I pay.
Yeah!
I can not stress enough earn your Assoicates of Arts/Direct Transfer degree from no name community college. you can wipe out 90-100% of those everybody has to take regardless of major classes. Many community colleges acutally have a DTA (direct transfer Assoicates degree) catered to specific majors at specific schools. Example- you want to be an accountant. Go to a local in state community college with a DTA agreement with xx in state 4 year university and the Assoicates degree you earn from them will cover every possible 100/200 level gen ed requirement and almost every possible 100/200 level accounting course. PLUS if life happens and you you need to take a couple years off before diving into a 4 year degree program, at least you have an AA degree to put on your resume.
Second! I'm doing a business direct transfer degree.
Can you do a video on accelerated degres, just to get an idea of the price and rigorousness of them. Example accelerated nursing, pharma, D.O.
I've done videos that have touched on that, but might make a dedicated one, sure!
@@ShaneHummus the clickbait will be godly and I do recall ways you can save time like I.B program.
I'm starting next week. This is very informative.
Best of luck!
Can you make a video on forensic science?
CAREERS that will NEVER be AUTOMATED
th-cam.com/video/TyTure6HMJ4/w-d-xo.html
Dude do you not realize that when you accelerate a degree you are paying way more for the inter sessions? They have usually 12 credits max for $$ spent per Normal semester and then you pay full cost for the intersessions. I know because I just did a 4 year degree in 2.5 years easily but it actually costed more…
I took college classes when I was in high school and it was free, also accelerating a degree can lower the cost that would have to pay for living
CC is great unless your going for architecture then it’s not possible so what do I do?
You can do one year of cc to do your gen Ed’s if they don’t have your major and still save money on that year
@@navi.L0ST lol nope it's a 5 year degree, which has 10 designs studios, they start day 1, if you start at a CC you still have to do 5 years, but thanks anyway
@@ryantoth531 but do you have to take all your courses in that specific arrangement? i was pretty sure most places didnt have a set order so you could front load your gen eds and do more studio courses later?
neat
My guy
Any advice for community college transfer?I will be transferring to my nearest state university within a year. A video or suggestion on community college transfer would be beneficial for me! Thanks!
Will think about making a short series on CC
It's pretty ridiculous, I agree. Some people make money from side hustles to avoid this but I can't recommend doing that of course (:
@@ShaneHummus I am pursuing a BS.IT degree to break into a tech industry; luckily, I have scholarships and grants to cover the bachelors degree, so it’s not an issue for me. I also have a work study job along with side hustles to save an extra cash if necessary. I am working towards personal projects along with working towards IT certifications.
Since I attend community college to save money , there isn’t strong alumni network and resources to get started on new IT career.
Hi Shane! What is your opinion on double majoring in Business & exercise science or sports admin? Ik exercise science is a bad Decision but I was wondering if adding a business degree would increase my chances of making a good income? My dream is to start a fitness business or open my own gym but I don’t want a useless degree. Any tips or advice? 😩
What to do if your degree is worthless but it's your passion?
th-cam.com/video/qnGbI4tHxSw/w-d-xo.html
The BEST Double Majors For SCIENCE DEGREES
th-cam.com/video/JsZ21qtwLAE/w-d-xo.html
Its a good choice. Go for it
The best tip I can give to all you young teenagers is to get married. My wife and I work part time jobs and before we got married, we would pay around $2,000 a semester, but now we’re actually getting back $4,000 so we’re basically getting payed to go to school. We also made less than $20,000 a year accumulatively so we got money back in our taxes.
Interesting strategy haha!
You need to make $90kper year to buy a house in San Jose. You will need at least 2 jobs.
Me who is in third year medical school:
Impossible
If you practice 5-years in a community that is in poverty or known as a title 1 area, you can expunge your debt.
That's a harder challenge for sure
It's a federal program that's been around for a long time. It's also available for schoolteachers or at least it used to be. The college you attend should have the information.
hey, great video. I would just like you to include some grants or scholarships which are applicable to international students studying outside of the U.S. Thanks : )
Will keep in mind!
@@ShaneHummus thanks 😊
step 1. be born in Europe
I wish I could move to Europe.
True
Worst advice dont get a truck that shit eats your money fast each stop you make and every mile you make even with toyota it will drain you
Lmao this^
Okay haha
early
😎
Join the military, serve 4 years, receive Chapter 33 benefits, graduate with zero debt, receive a monthly housing stipend. Military provides good life experience, you get free school, you learn a little about a lot. Totally worth it.
I joined directly out of high school, served an enlistment, then applied for and attended school the month after I was discharged. The military does set you up for success in many ways. I am now in my mid twenties and hold a B.S. in biochemistry, a well paying job, own a home, and have zero debt. Don't sleep on the military as an option, I completed all of these achievements with no family support. Another benefit is that you can work toward your degree while serving, through tuition assistance. This means you could have the bulk of your degree completed while serving, and head straight into the workforce following discharge. Something for everyone to consider. Shane, you could potential make a video on this as well, it may help inform those who are unsure of what to do in life, or feel like they may not have any options.
I'm in jcc rn my teacher da goat whenever people act up he calls them baldheads lol
Did u do TA while in to knock out the Gen Ed classes? And when u got out did you go to a CC first
Too bad if you have any medical condition you can’t serve. I have epilepsy. I can’t serve in the military so I can’t have those benefits. I had a friend who was going to enlist but was rejected because he was autistic.
@@BruceWayne-us3kw sorry to hear that. What did u end up doing if I may ask