Imagine if people continued paying on their student loan debt while they were 0% interest instead of waiting for the government to fix the issue they created. Now people will get to pay the loan back with interest anyways (and maybe a higher interest rate). The government will never fix the lil guys problem no matter who you vote for.
Exactly, I took advantage of 3 years of the 0%. By August, I will have completely paid off $40,500 of my graduate school loan. I have $2,800 left. I'm glad I didn't depend on the government, I already feel so free! I may cry once I make the final payment.
@@mustangschelle68 Awesome Job! I remember making my last payment, then found out my mom was still paying on her portion of it years later and it upset me bc my parents made decent money at the time. So I started matching her minimum payment and the last year was doubling the minimum while she kept doing the payment. It was such a relief when Navient finally moved out
@@thejuicerr price gouging, a liberal arts degree can't possibly be worth 125,000. Even from the best universities. Also, school is becoming self-serviced, yet the non-tuition related fees keep increasing.
It is good living in the country with the highest jail population for non violent criminal offenders - " debt free" lol no you are always in debt to taxes and consumerism
It does. I'm glad I didn't drink the kool-aid and just paid off my loans. My mom passed and it discharged my remaining 25% though. But I paid the other 75% on my own.
We need more guidance councillors to lead high school students in that direction. Learn a useful trade, don't build debt, start earning quickly. I went to a liberal arts college, learned to research and write papers well (not too useful). Then, in an effort to make what I learned useful, got my teaching license. I wish more guidance councillors would focus on practical plans for the future, instead feeding the college system, which is impractical for so many students.
IF students were given this relief, what is stopping next year’s students from also getting into the same debt? There was no reform suggested! This is buying votes at its best.
Most Americans were struggling to survive. What makes you think in this short break they amassed some massive savings to attack a debt with interest more vicious than the most predatory credit cards? Once you factor in the job replacements coming from AI soon, this will be virtually impossible to pay back.
@@Christopher0632Because most of them were still living with their parents or had their rent paused as well 😂 If you didn’t find a way to make that time work for you I cant help that you lack creativity or drive
@@DarthLesbian The student loan crisis has nothing to do with "a lack of creativity or drive." Millennials, moving into their peak earning years and still living with their parents prove this system (and country) is heading for a collapse. Meanwhile, the selfish Baby Boomer generation is still holding on to the majority of wealth in this country and continuing to pass laws that favor big business while stifling the common working man. This was never supposed to be like this. That same generation went to college with little to no debt. Now the same schools they attended are $40,000 a year and that's supposed to be OK. This finger wagging at college kids that took out loans to become productive citizens adding benefit to our society instead of the predatory practices is what's absurd.
@donk8105 The economy runs off of Americans needing to buy things. Those "things" are connected to small businesses, industries and employees that stimulate the flows of resources. If the majority of money is going towards student loan debt, the economy cannot grow and sustain.
When I was in college and was curious about why the loans were so high and if we had a financial problem we couldn't put the loan into bankruptcy,, this is what I was told. A PRIVATE INDIVIDUAL OWNED the Sallie Mae program and made an agreement with the government ???? that the loans would NEVER be allowed not to be paid.
What happened was a lot of people who graduated with high depts in law school used bankruptcy laws to discharge their dept. The loop hole then got closed. It was deliberate controlled bankruptcy.
@@samsonsoturian6013 Very true. Usually you can work the hours you spend on taking on the task, and come out on top. The formula changes if you can’t work anymore but have plenty of down time to learn. Then your return is in the form of experience.
Looks like more car repo's and foreclosures about to hit in October/November. As someone who paid off $40k of my wife's student loans, I don't feel sorry for them. I had to work long hours and make sacrifices and sell my dream sports car to pay them off. How many of these borrowers set aside money for when the payments resume? My guess, very little.
Lol your wife is a smart cookie. I'm dumb. I didn't want to burden a man with my debt so I'm paying it off on my own... ugh, I just don't have that gold digging gene. Tell your wife, well played lol
You deserve to be homeless - all schools, business owners, landlords, etc are also victims of this government- you’re just stealing from the middleman trying to feed their families
The casualness around 4:42 about the student dying being a benefit of the PLUS loans. Classic. I’m center-right, but I don’t know how people can look at this and not see it as an absolute clown car. I take great pride in talking people out of loans and advocating pay-as-you-go for College. Keep William D. Ford outta your life!
I’m so done with the Republican Party. Never voting for a Republican again. Gaetz gets 400k in PPP loan forgiveness but an engineer or nurse recent grad are a burden.
Btw genius, PPP loans were DESIGNED to be forgiven from the very beginning as long as all the rules were followed. Maybe next time don’t shut down half the country over the sniffles.
Gaetz isnt' a corp. I'm a controller PPP was full of so many holes it was free money. They didn't ask how much cash you had, they didn't ask you to pay the same people on payroll, they allowed COVID bonus. How do you think all these restaurants got all those new extensions ? Instead of paying the contractor put him on payroll. Keep voting Republican I don't care it benefits me financially more anyway. Please you have no idea what you are saying.
@@DarthLesbian BTW the rule of not auditing PPP loans under $2mm wasn't part of PPP from the beginning. The gov't had no appetite to go down that road, they knew the whole thing was a mess and didn't want to bother and question why all of a sudden family members were on payroll.
Remember, your gain is someone else lost. Think of the tax payers who work hard to provide for their families and have to pay lots of taxes . Take responsibility of your own choice. We all have to pay our student loans, myself included. I don’t want to take something from someone.
Hopefully everyone paid them down with 0 percent interest. If you didn’t and bought a new car or went on vacation or bough luxury items you will probably regret that. Good luck to anyone paying them back.
@@leeshakiesmith8768Do not have a family if a student loan payment is going to cause them to go hungry. It’s the amount of a used car payment typically.
@@leeshakiesmith8768 have to budget better or get a job that pays more if Americans stop wasting like I said should be able to pay off debt pay household bills & buy food
@@marqusthetruth6614Shouldn’t have taken out a huge loan in the first place then. I had the same choice and said no thanks because I had no idea how I would pay it off as I didn’t even know what major I wanted yet and all my friends were struggling to find jobs at all as we were in a recession at the time. I said this seems like a bad idea so I didn’t take it 😂 I am not responsible for paying the debts of stupid people who made bad choices
I shed NO tears!!! I left undergrad owing $106,000 + daily accruing interest. I spent 11 years making mostly minimum payments and after binge watching Dave Ramsey in early 2018, I decided to go gazelle intense in paying off the remaining $74,000+. By June 2019, I was debt free!!!!
So you had a job you have a job that you made good enough made to pay off $74k in a year? Do you have any idea how rare that is? The issue is that students are borrowing money for degrees that end up being worthless after 4 years. They don't have the ability (like you) to pay off $74,000 between 2018-2019. That is a ridiculous thing to say.
@@mattrR678that's a complete crock of 💩!! Whose fault is it to go out and get a degree that is worthless within 4 years... There are plenty of jobs out there where a person can make really good money without a bottleneck degree. It may be something they don't want to exactly do, or envision doing for a job, but it will pay. A lot of paying off debt just isn't about how much money you make, but also about MONEY MANAGEMENT. That also starts with borrowing money you don't have, like student loans.
@mattrR678 Bullsh*t!!! I have a bachelor's from a Liberal Arts college and post undergrad I chose work opportunities that paid. $30,000 of the $74,000 was money that I'd saved for a downpayment on my first home. I delayed homeownership more than 5 years to focus on eliminating debt. I lived in a basement studio apartment and had no car to pay off this debt. I stopped all unnecessary spending to pay off this debt. I made so many sacrifices, including my mental health to pay off this debt while others went on vacations and lived their best life. Sorry NOT sorry that I paid off my student loan debt with no spousal, parental, or governmental handouts.
@@josephinebournes8212 Don't you think it would be better to create a system where you didn't have to sacrifice your mental health and live in a basement with no car just because you went to college? As someone who has also paid off my own loans, I still recognize that burdening an entire generation with debt from overpriced tuition rates is a bad idea. America is the richest country in the world - we can do better.
Lol people thinking that the government was going to fix their lives 😂. Peeps Should have taken the advantage of paying the student loans while it was at 0%. I don’t even feel sorry for this people….They signed for these loans knowing damn well what the outcome was.
I am not working, so they garnish my wages, that I don't have. 6.5% to attend school is criminal! SCOTUS can help out by erasing some of our student debt. 1 Billion dollars for war in Ukraine but nothing for poor students !
Lol!!! “Poor” students are not who people think about when they think of who could have been helped by that Ukraine money you narcissist 😂 Usually it’s the homeless, military veterans, people with severe physical disabilities. You’re pretty far down on the list of deserving my friend
@jerrymoore7817 "Get a job". That's exactly the problem though. The economy is terrible right now. The issue is that most people can't find a job that pays enough to actually pay back their loans.
Did the students not budget for actually paying back the borrowed money? Probably taking less credit hours and working would have been a better plan. Worked for me in 1982 when I started college. Summer school and 4.5 years vs a loan.
@@Langstonnn Dont understand you comment, the point is financial responsibilty. Understanding the value of money and how it works. I spent 75,000 on my education in 1982 through 1986. I worked for 3 years after highschool and saved every penny, summer school, part time job during semesters so I could go to university and be debt free through out the years getting my degree. Its called a plan thats executed properly. Not bashing on anyone, just trying to offer some real life experience. If you cant afford it, dont buy it. If you borrow money - it better make you more than it costs you or thats a losing game. Debt free is the answer to all problems, freedom to do, to think, to enjoy, to invest. That is what you should work towards... not how some program is going to give you a free ride. Nothings free man...
@@joeyoutdoors American households carry 17 TRILLION, not billion, TRILLION DOLLARS this very minute in debt. Whether it's consumer, student loans, mortgages, etc. . Tell America to live within their means. lol PLEASE. This isn't "stupid or woke college students who can't balance their check book" the entire Nation has debt in some way. By your comment I would enjoy and encourage you to make a TH-cam channel to share all your knowledge, insight, and strategies. Some people, maybe you, have major influence on how to make others move their feet. You should try like how you tell others they should try.
I don’t understand why education isn’t free, our feature kids shouldn’t have to worry about paying or parents shouldn’t have to worry, I’m a teacher and no I don’t have kids but I do see the hardships that goes through this it’s insane that we pay our taxes but we can’t get educated free among other things like healthcare, affordable living etc we pay for it there shouldn’t be a reason people are being force to pay again it’s a scam it’s like a credit card, a house loan etc and you get the same results DEBT…….
@@bartdoo5757 it’s not free when your paying your taxes, I can name so many country that have healthcare free, education free etc. because they better manage those funds, Australia 1975 Austria 1967 Bahrain 1957 Belgium 1945 Brunei 1958 Canada 1966 those are just a few, you need to travel more and that is why your not moving up in life because you believe everything that is told to you instead of doing your own research, travel and see the evidence yourself. People will want to work if and when they get reward instead of punishment. We seen evidence time of time taking care of the people and they will work harder….
@@musagamingchick1386 The United States can't stop Medicare and Medicaid fraud. Why would I want them to have more control over me? I'm doing just fine on my own. People can work together without the government forcing them to.
@@musagamingchick1386 So you think your above people, got it. It's not always as green when you get there. Besides we have greedy politicians that make millions of of a salary that doesn't mathematically work. Even their success rate far out weighs the pro's that do trading for a living. Can't fix anything until the core problem is fixed.
They got “free” schooling from kindergarten to 12th grade, that’s not enough for you greedy people? Sorry but they’re adults now they can pay for their own schooling instead of demanding the tax payer pay their way. They’re not kids anymore, free ride is over 😂
All of you in debt, student loans or otherwise, made the choice. Good luck. Hope it works out. We have all carried debt. But don’t for a second ever cry viticm and expect others to pay your bills. That’s weak.
Not so with medical debt.That’s not a choice. Especially if you live a healthy lifestyle and something happens to you in the United States, you are screwed.
@@ChristysChannelYall live healthy, in mind and body. Also carry good health insurance. Don’t be the victim there either. It’s about choices, our choices.
It would be interesting if the 26 million+ who applied for (partial) student loan forgiveness were to find an independent presidential candidate to get behind and push on the rolls...or sit out this next election altogether.
President cannot forgive loans via fiat. Has to be voted on through congress, and the senate. The supreme court ruling in July will say this. There is nothing the SCOUS can do. It will die in the senate.
I am debt free because I went right to work after high school. I amassed a huge 6 figure net savings and I will be able to retire comfortably at 62 years old!
Good for you Paul. But I would imagine you went to a Doctor, utilized products like an iphone, surfed the web and used sites like Amazon with modern technology created by college graduates to name a few. Let's not act like you haven't benefitted from US citizens that got an education and used their knowledge to enrich the society you live in. Every other country knows the value that educated citizens add to the economy. You pay to bail out Ukraine, illegal immigrants, Banks "too big to fail," and Corporate abuse, but Americans being gouged with credit card interest should get nothing.
Punish? 😂 You agreed to the loans, nobody forced you. I chose not to take one and I’m living debt free. Take some personal responsibility for once in your pathetic life.
@@poopydiaper123 Parents will be more inclined to save, students will learn to shop for colleges they can afford (community colleges, state colleges, etc), high school students will work and save, the scholarships that go unclaimed every year will be found and applied for, and/or students can take a gap year and save or get a full-time job with tuition assistance. All of these things are available today and far more intelligent than borrowing money on an unknown career. Student loans are not the only answer for a college education. I’m tired of the waste and the complaining. Stop the loans!
Just say it, borrowing money for school is a mistake for most students living in homes making under $150k/yr. The example, 7% on $100k is $7k. Which translates $583/mo in interest alone. That’s $665/mo for 30 hrs. Or get hit by a bus. Whoops , you kinda already did.
@@DarthLesbian I know your'e a troll, but for anyone else who might see this- Don't hate people because they were born poor and wanted to make a better life for themselves by pursuing higher education. Have a nice day
I am no longer in dept and will not pay anyone elses. There is the military, military reserves, grants, scholarships, working while going to school, reduced tuition for immigrants, and just rolling up your sleaves and paying off your own damn dept. I do feel bad for people paying off dept and feel backed into a corner but so have people who have paid off their depts. I can empathize but i will move out of country and start life somewhere else then stick around and pay your bills.
@lumina The kids that fell for that lie of student dept forgiveness, did so with open eyes. The democrats just want the vote. They dangle the carrot and the donkey pulls the load. They will pull the carrot out again when it's time to vote for president. Nothing in life is free.
@lumina By the way AA is for quitters. Get a job pay your bills, government handouts are not for college graduates, it's for people that need it to survive and raise children.
@@The69bombero I just don’t understand how stealing my money to pay off some loser deadbeat’s student debt off is going to help anything? These loser bums need to get out there and get a job. Stop buying the latest iPhone and ordering from Doordash all the time. Makes me sick.
Oh yes dont pass the student forgivness loan program. We need the money to help all the rest of the world. We will have our young people growing up uneducated. No goals, no dreams just walking tge streets. Oh more homeless. Less job opportunites . So no new loans. No doctirs no attorneys no senators. Yeah you have the right direction for USA to go🙃🤪👍😂🤪😴
If there’s not student loan forgiveness, the result will be an entire generation defaulting, their credit will be ruined & they will be very unlikely to have the means to buy a home or finance anything! Either it’s forgiven or the majority of it will be defaulted on, either way, it’s not going to be paid!! Just because previous generations were able to pay off their loans doesn’t mean we shouldn’t HELP people NOW, after a global pandemic, inflation like we’ve never experienced before & an economy on the brink of recession/collapse!! I support student loan forgiveness!! If the government can bail out billion dollar corporations who mismanage their finances, then they can bail out REAL HUMAN BEINGS who desperately NEED the help now!! This will have negative repercussions and defaults unlike anything we’ve ever seen before, if the SCOTUS doesn’t take ALL facts into consideration!!!! Help people, not corrupt corporations! Republicans are hypocrites! They benefit from the PPP plan, but refuse to allow middle class Americans to benefit from any relief! Absolutely shameful and disgusting!
The debt slavery is intentional. This entity that calls itself "our government" doesn't intend to reveal the true nature/source of the "loans" they claim to have lent. This is a covert fraud being intentionally perpetuated. It's disgusting. Those that payed them back got double dipped plus interest and I would be pissed. They do this with the mortgages too. The banks are not lending money. They are purchasing our notes inflating it's value to buy more assets and paying us fiat for it. They are counterfeiting and committing covert fraud every second while expecting us to pay interest on the crumbs we already bought.
F**K STUDENT LOANS😂 I COULDN'T EVEN AFFORD TO FINISH SCHOOL & THE JOBS I WORK BARELY FEED ME. MY CLOTHES HAVE HOLES IN THEM, BUT I CARE FOR EVERYONE'S SICK LOVED ONES. THEY CAN'T GET A DIME FROM ME BC THERE'S NOTHING LEFT& I'M HOMELESS.
Don't forget a 6.8 percent loan rate no one mentions that was more than double the home mortgage. Get off your high horse no want is asking for a handout just a fighting chance.
@Jerry Moore I paid my loans off congress and our beloved leaders also vote on raising rates my dude I would never tell people to go to college. I would just do insider trading like they do.
@@The69bombero So if you're disabled screw you I guess? Decent jobs are hard to come by right now in case you haven't noticed. The economy has been terrible for several years now. That's the problem.
@penguinfortytwo the disabled are getting more government aid than ever before. And I do see the economy for what it is. The economy has been bad for thirty years, you are just to young to have seen it. You will see the trends if you live long enough. So sometimes, you just work more overtime or get a second job. Life is long-term, no quick fixes, get used to it.
@@The69bombero "The economy has been bad for thirty years". So you admit that the problem can't simply be fixed by people joining the military. Tuition rates are much higher than they were thirty years ago. Housing costs are much higher than thirty years ago. Healthcare costs are much higher than thirty years ago. Telling people to get a second job does not fix any of this. I personally had no problem paying off my loans, but I still recognize that many people are not as lucky as me. These are systemic problems that can't be fixed by telling people to just work harder.
Oh no 😂 There’s a reason for the stereotype of the poor college student living off ramen noodles ya know. Did you think you wouldn’t have to make sacrifices?
@@DarthLesbian lol I am not naive. Grew up poor, so my ramen days started long before college. Yes, it is expensive and many sacrifices have been and are being made, but the sacrifices were necessary to move towards the life I want. I work hard and things are starting to move towards that life. It will become easier to pay my loans here in the near future. For that reason, though expensive, I am happy the loans were available as tool to achieve that better life. I'd still be working dead end jobs if those weren't available.
Imagine if people continued paying on their student loan debt while they were 0% interest instead of waiting for the government to fix the issue they created. Now people will get to pay the loan back with interest anyways (and maybe a higher interest rate). The government will never fix the lil guys problem no matter who you vote for.
Amen! I worked my tail off to get that paid off while there was no interest and you could see it going down so fast. Finished that in 2021!
Right! Same here!
Exactly, I took advantage of 3 years of the 0%. By August, I will have completely paid off $40,500 of my graduate school loan. I have $2,800 left. I'm glad I didn't depend on the government, I already feel so free! I may cry once I make the final payment.
@@kimwoodruff3793 That's awesome! I wish many others did what you did instead of going further into debt! Great Job
@@mustangschelle68 Awesome Job! I remember making my last payment, then found out my mom was still paying on her portion of it years later and it upset me bc my parents made decent money at the time. So I started matching her minimum payment and the last year was doubling the minimum while she kept doing the payment. It was such a relief when Navient finally moved out
Education Reform is needed. If we're holding students accountable we should also, Hold colleges accountable & Hold banks accountable.
Hold colleges and banks accountable for what?
@@thejuicerr price gouging, a liberal arts degree can't possibly be worth 125,000. Even from the best universities. Also, school is becoming self-serviced, yet the non-tuition related fees keep increasing.
@@BlaxKid22 The liberal arts degree was a choice. The colleges didn't force anyone to do it.
@@thejuicerr they didn't force banks to hold long term treasuries and then get bailed out by the fed
@Charles Hart I agree 100%. The banks and students should both pay their debt.
It feels good being 100% debt free.
Good for you.
Amen
Facts
It is good living in the country with the highest jail population for non violent criminal offenders - " debt free" lol no you are always in debt to taxes and consumerism
It does. I'm glad I didn't drink the kool-aid and just paid off my loans. My mom passed and it discharged my remaining 25% though. But I paid the other 75% on my own.
Don’t go to college, kids.
Go to college and study STEM or business. Not some useless degree like psychology or gender studies
The fact that we disincentive young Americans from getting a higher education is absolutely insane.
Dont go to college and dont do drugs and youll be okay.
@@LunaticTheCat Instead you incentivize loan sharks in America. Congrats.
My friend completed 2 weeks factory training program for Servicing Heating & Cooling. Earned $67,000 in 9 months.
Underappreciated trade good work
Scam.
if it's so great then what are you doing???
We need more guidance councillors to lead high school students in that direction. Learn a useful trade, don't build debt, start earning quickly. I went to a liberal arts college, learned to research and write papers well (not too useful). Then, in an effort to make what I learned useful, got my teaching license. I wish more guidance councillors would focus on practical plans for the future, instead feeding the college system, which is impractical for so many students.
@@ta0paipai You nailed it I was thinking the same!
IF students were given this relief, what is stopping next year’s students from also getting into the same debt? There was no reform suggested! This is buying votes at its best.
Well, you should have taken advantage of these three years non payment and zero interest to accumulate your saving to pay down your loans.
Most Americans were struggling to survive. What makes you think in this short break they amassed some massive savings to attack a debt with interest more vicious than the most predatory credit cards? Once you factor in the job replacements coming from AI soon, this will be virtually impossible to pay back.
@@Christopher0632Because most of them were still living with their parents or had their rent paused as well 😂
If you didn’t find a way to make that time work for you I cant help that you lack creativity or drive
@@DarthLesbian The student loan crisis has nothing to do with "a lack of creativity or drive." Millennials, moving into their peak earning years and still living with their parents prove this system (and country) is heading for a collapse. Meanwhile, the selfish Baby Boomer generation is still holding on to the majority of wealth in this country and continuing to pass laws that favor big business while stifling the common working man. This was never supposed to be like this. That same generation went to college with little to no debt. Now the same schools they attended are $40,000 a year and that's supposed to be OK. This finger wagging at college kids that took out loans to become productive citizens adding benefit to our society instead of the predatory practices is what's absurd.
@donk8105 The economy runs off of Americans needing to buy things. Those "things" are connected to small businesses, industries and employees that stimulate the flows of resources. If the majority of money is going towards student loan debt, the economy cannot grow and sustain.
@@Christopher0632 I think you misunderstood what I said entirely
When I was in college and was curious about why the loans were so high and if we had a financial problem we couldn't put the loan into bankruptcy,, this is what I was told. A PRIVATE INDIVIDUAL OWNED the Sallie Mae program and made an agreement with the government ???? that the loans would NEVER be allowed not to be paid.
Who also seems to pay most of the taxes. Lol what a wonderful world. I'm leaving the United States.
Yep and if I recall, Biden was front and center solidifying that deal.
What happened was a lot of people who graduated with high depts in law school used bankruptcy laws to discharge their dept. The loop hole then got closed. It was deliberate controlled bankruptcy.
As I was selling my house inspector said I needed 2 GFCI's. Electrician installed both in 10 minutes was $250. 10 minutes!!!!!
Just turn the power off install them yourself next time..
Plus the drive over there, plus wages, plus materials, and that may be closer to fair value than yiu think
Nice!
@@samsonsoturian6013 Very true. Usually you can work the hours you spend on taking on the task, and come out on top. The formula changes if you can’t work anymore but have plenty of down time to learn. Then your return is in the form of experience.
You got hosed could of installed them yourself.
Mass non payment thats whats on the horizon. Interest rates should be capped
No 😂
Looks like more car repo's and foreclosures about to hit in October/November. As someone who paid off $40k of my wife's student loans, I don't feel sorry for them. I had to work long hours and make sacrifices and sell my dream sports car to pay them off. How many of these borrowers set aside money for when the payments resume? My guess, very little.
😂 yikes you’re bitter cause you got the sh*t end of the stick
You should have waiting to get the free money
Lol your wife is a smart cookie. I'm dumb. I didn't want to burden a man with my debt so I'm paying it off on my own... ugh, I just don't have that gold digging gene. Tell your wife, well played lol
You did a great job and deserve lots of kudos. Keep up the good work. 👍
@Arnulfo Vasquez Debts are one when your married.
The government won’t pay its bills, why should I?? No shame in playing their game.
No shame in being a slave. Some slaves enjoyed their job. But all masters loved their job aka the loan companies.
The government does pay its bills. It’s called a debt default if they don’t raise the debt ceiling. Good luck with not paying your bills.
@@juicypickle4777 your pickle isn’t juicy, btw.
@@Rashaadthegr8 get a job, hippy
You deserve to be homeless - all schools, business owners, landlords, etc are also victims of this government- you’re just stealing from the middleman trying to feed their families
The casualness around 4:42 about the student dying being a benefit of the PLUS loans. Classic. I’m center-right, but I don’t know how people can look at this and not see it as an absolute clown car. I take great pride in talking people out of loans and advocating pay-as-you-go for College. Keep William D. Ford outta your life!
Why does a person need to be explained what 7% on 100,000 is?
Yep. I agree. LMAO
Great video!
I’m so done with the Republican Party. Never voting for a Republican again. Gaetz gets 400k in PPP loan forgiveness but an engineer or nurse recent grad are a burden.
Yes, vote democrat if you are a greedy self serving leech I agree 😂
Btw genius, PPP loans were DESIGNED to be forgiven from the very beginning as long as all the rules were followed. Maybe next time don’t shut down half the country over the sniffles.
Gaetz isnt' a corp. I'm a controller PPP was full of so many holes it was free money. They didn't ask how much cash you had, they didn't ask you to pay the same people on payroll, they allowed COVID bonus. How do you think all these restaurants got all those new extensions ? Instead of paying the contractor put him on payroll. Keep voting Republican I don't care it benefits me financially more anyway. Please you have no idea what you are saying.
@@DarthLesbian BTW the rule of not auditing PPP loans under $2mm wasn't part of PPP from the beginning. The gov't had no appetite to go down that road, they knew the whole thing was a mess and didn't want to bother and question why all of a sudden family members were on payroll.
Remember, your gain is someone else lost. Think of the tax payers who work hard to provide for their families and have to pay lots of taxes . Take responsibility of your own choice. We all have to pay our student loans, myself included. I don’t want to take something from someone.
I love it …be responsible and pay your bills. Nothing is free!!!
Except PPP loans.
Hopefully everyone paid them down with 0 percent interest. If you didn’t and bought a new car or went on vacation or bough luxury items you will probably regret that. Good luck to anyone paying them back.
The people who did waste money that don’t have are just dumb good luck to them on paying their student loans back
they didn't have them at 0 % interest from the people I spoke to.
Or perhaps they used that money to put food on the table for their family.
@@leeshakiesmith8768Do not have a family if a student loan payment is going to cause them to go hungry. It’s the amount of a used car payment typically.
@@leeshakiesmith8768 have to budget better or get a job that pays more if Americans stop wasting like I said should be able to pay off debt pay household bills & buy food
I thought we all already knew that loan companies weren't actually forgiving loans even if people worked in public service jobs?
Avoidance and extensions and now a majority of students added more debt to their balance. Just pay it and stay out of debt.
Not that easy. The system is meant for you to be in debt for a long time
@@marqusthetruth6614Shouldn’t have taken out a huge loan in the first place then. I had the same choice and said no thanks because I had no idea how I would pay it off as I didn’t even know what major I wanted yet and all my friends were struggling to find jobs at all as we were in a recession at the time. I said this seems like a bad idea so I didn’t take it 😂
I am not responsible for paying the debts of stupid people who made bad choices
I shed NO tears!!! I left undergrad owing $106,000 + daily accruing interest. I spent 11 years making mostly minimum payments and after binge watching Dave Ramsey in early 2018, I decided to go gazelle intense in paying off the remaining $74,000+. By June 2019, I was debt free!!!!
So you had a job you have a job that you made good enough made to pay off $74k in a year? Do you have any idea how rare that is? The issue is that students are borrowing money for degrees that end up being worthless after 4 years. They don't have the ability (like you) to pay off $74,000 between 2018-2019. That is a ridiculous thing to say.
@@mattrR678that's a complete crock of 💩!! Whose fault is it to go out and get a degree that is worthless within 4 years... There are plenty of jobs out there where a person can make really good money without a bottleneck degree. It may be something they don't want to exactly do, or envision doing for a job, but it will pay.
A lot of paying off debt just isn't about how much money you make, but also about MONEY MANAGEMENT. That also starts with borrowing money you don't have, like student loans.
@mattrR678 Bullsh*t!!! I have a bachelor's from a Liberal Arts college and post undergrad I chose work opportunities that paid. $30,000 of the $74,000 was money that I'd saved for a downpayment on my first home. I delayed homeownership more than 5 years to focus on eliminating debt. I lived in a basement studio apartment and had no car to pay off this debt. I stopped all unnecessary spending to pay off this debt. I made so many sacrifices, including my mental health to pay off this debt while others went on vacations and lived their best life. Sorry NOT sorry that I paid off my student loan debt with no spousal, parental, or governmental handouts.
Dave Ramsey is a clown 😂
@@josephinebournes8212 Don't you think it would be better to create a system where you didn't have to sacrifice your mental health and live in a basement with no car just because you went to college? As someone who has also paid off my own loans, I still recognize that burdening an entire generation with debt from overpriced tuition rates is a bad idea. America is the richest country in the world - we can do better.
Lol people thinking that the government was going to fix their lives 😂. Peeps Should have taken the advantage of paying the student loans while it was at 0%. I don’t even feel sorry for this people….They signed for these loans knowing damn well what the outcome was.
They should have signed up for PPP loans instead.
If you were one of those who went into default before the pause, youre probably looking at 19%
Debt for diploma is a scam. Think it's crazy? Ok name me 1 billionaire who made his fortune from student loans.
The guy who offered them first lmao
Mark Zuckerberg and Elon Musk?
Good
DEBT STRIKE DEBT STRIKE
I am not working, so they garnish my wages, that I don't have. 6.5% to attend school is criminal! SCOTUS can help out by erasing some of our student debt. 1 Billion dollars for war in Ukraine but nothing for poor students !
"Poor students..." Oh, puhleez!
Lol!!! “Poor” students are not who people think about when they think of who could have been helped by that Ukraine money you narcissist 😂
Usually it’s the homeless, military veterans, people with severe physical disabilities. You’re pretty far down on the list of deserving my friend
@jerrymoore7817 "Get a job". That's exactly the problem though. The economy is terrible right now. The issue is that most people can't find a job that pays enough to actually pay back their loans.
@jerrymoore7817 Are you saying the economy is great right now? "Students went on spending sprees". For what? Food?
Did the students not budget for actually paying back the borrowed money? Probably taking less credit hours and working would have been a better plan. Worked for me in 1982 when I started college. Summer school and 4.5 years vs a loan.
College was also $10000 for each year and a pack of gum… it’s 60k each year now…might be more than your salary…
@@Langstonnn Dont understand you comment, the point is financial responsibilty. Understanding the value of money and how it works. I spent 75,000 on my education in 1982 through 1986. I worked for 3 years after highschool and saved every penny, summer school, part time job during semesters so I could go to university and be debt free through out the years getting my degree. Its called a plan thats executed properly. Not bashing on anyone, just trying to offer some real life experience. If you cant afford it, dont buy it. If you borrow money - it better make you more than it costs you or thats a losing game. Debt free is the answer to all problems, freedom to do, to think, to enjoy, to invest. That is what you should work towards... not how some program is going to give you a free ride. Nothings free man...
@@joeyoutdoors American households carry 17 TRILLION, not billion, TRILLION DOLLARS this very minute in debt. Whether it's consumer, student loans, mortgages, etc. . Tell America to live within their means. lol PLEASE. This isn't "stupid or woke college students who can't balance their check book" the entire Nation has debt in some way. By your comment I would enjoy and encourage you to make a TH-cam channel to share all your knowledge, insight, and strategies. Some people, maybe you, have major influence on how to make others move their feet. You should try like how you tell others they should try.
Keep voting for Democrats.
I don't understand why people can't just join the military.
They Would be more than happy to repay your college debt even if you're in reserve.
Not everyone is young enough to join.
@@znothingfacez5681 get a waiver
Choice is serfdom or service.
The economy is working as designed.
@@seth3189 "Serfdom or service"
I don't know who would pick the former.
Like I said you can be in reserve
@@aaronfield7899 today's American dream. ... 💀💀
16% interest geez
not paying. i cant
I don’t understand why education isn’t free, our feature kids shouldn’t have to worry about paying or parents shouldn’t have to worry, I’m a teacher and no I don’t have kids but I do see the hardships that goes through this it’s insane that we pay our taxes but we can’t get educated free among other things like healthcare, affordable living etc we pay for it there shouldn’t be a reason people are being force to pay again it’s a scam it’s like a credit card, a house loan etc and you get the same results DEBT…….
Why would anyone work for free?
@@bartdoo5757 it’s not free when your paying your taxes, I can name so many country that have healthcare free, education free etc. because they better manage those funds, Australia 1975 Austria 1967 Bahrain 1957 Belgium 1945 Brunei 1958 Canada 1966 those are just a few, you need to travel more and that is why your not moving up in life because you believe everything that is told to you instead of doing your own research, travel and see the evidence yourself. People will want to work if and when they get reward instead of punishment. We seen evidence time of time taking care of the people and they will work harder….
@@musagamingchick1386 The United States can't stop Medicare and Medicaid fraud. Why would I want them to have more control over me? I'm doing just fine on my own. People can work together without the government forcing them to.
@@musagamingchick1386 So you think your above people, got it. It's not always as green when you get there. Besides we have greedy politicians that make millions of of a salary that doesn't mathematically work. Even their success rate far out weighs the pro's that do trading for a living. Can't fix anything until the core problem is fixed.
They got “free” schooling from kindergarten to 12th grade, that’s not enough for you greedy people? Sorry but they’re adults now they can pay for their own schooling instead of demanding the tax payer pay their way. They’re not kids anymore, free ride is over 😂
from the sound it is said that interested never stopped until this year.
All of you in debt, student loans or otherwise, made the choice. Good luck. Hope it works out. We have all carried debt. But don’t for a second ever cry viticm and expect others to pay your bills. That’s weak.
💯
Not so with medical debt.That’s not a choice. Especially if you live a healthy lifestyle and something happens to you in the United States, you are screwed.
@@ChristysChannelYall live healthy, in mind and body. Also carry good health insurance. Don’t be the victim there either. It’s about choices, our choices.
It would be interesting if the 26 million+ who applied for (partial) student loan forgiveness were to find an independent presidential candidate to get behind and push on the rolls...or sit out this next election altogether.
President cannot forgive loans via fiat. Has to be voted on through congress, and the senate. The supreme court ruling in July will say this. There is nothing the SCOUS can do. It will die in the senate.
Or just vote Biden out of spite.
Haaaaa. Good, hope it does skyrocket. Should have thought more about borrowing so much
I am debt free because I went right to work after high school. I amassed a huge 6 figure net savings and I will be able to retire comfortably at 62 years old!
Good for you Paul. But I would imagine you went to a Doctor, utilized products like an iphone, surfed the web and used sites like Amazon with modern technology created by college graduates to name a few. Let's not act like you haven't benefitted from US citizens that got an education and used their knowledge to enrich the society you live in. Every other country knows the value that educated citizens add to the economy. You pay to bail out Ukraine, illegal immigrants, Banks "too big to fail," and Corporate abuse, but Americans being gouged with credit card interest should get nothing.
Yeah let’s punish America’s young and future but let’s pass billions of Aid to Ukraine war and Israel support
Punish? 😂
You agreed to the loans, nobody forced you. I chose not to take one and I’m living debt free. Take some personal responsibility for once in your pathetic life.
Debt prison! Bankrupt for student loans. 😎
Great info from Adam.
But the host just asks 1 stupid question after another. LOL
STOP handing out student loans!! People can’t handle it, obviously. NEW RULE: No cash, no college. Problem fixed immediately.
There will be a lot less people attending college which will lead to less jobs. Stupid idea
@@poopydiaper123 Parents will be more inclined to save, students will learn to shop for colleges they can afford (community colleges, state colleges, etc), high school students will work and save, the scholarships that go unclaimed every year will be found and applied for, and/or students can take a gap year and save or get a full-time job with tuition assistance. All of these things are available today and far more intelligent than borrowing money on an unknown career. Student loans are not the only answer for a college education. I’m tired of the waste and the complaining. Stop the loans!
@@poopydiaper123 That is most likely going to happen anyway when young people wise up and not risk borrowing for a college.
You don't cherry pick who you forgive....you forgive one, you gone forgive us ALL!#isaidwhatisaid
Just say it, borrowing money for school is a mistake for most students living in homes making under $150k/yr.
The example, 7% on $100k is $7k. Which translates $583/mo in interest alone. That’s $665/mo for 30 hrs. Or get hit by a bus. Whoops , you kinda already did.
$29,000 to go
What a lousy title. Rates are fixed when the loan is dispersed - the rate is not increasing from before pause/pandemic.
The way she giggles and smiles in the intro while talking about millions being crushed with debt
I do the same thing 😂
It’s pretty funny when the whining brats have to actually be held accountable
@@DarthLesbian I know your'e a troll, but for anyone else who might see this- Don't hate people because they were born poor and wanted to make a better life for themselves by pursuing higher education. Have a nice day
I think young adults will stop going to cool immediately after high school
Mic is too sharp
Her teeth are white and bright, I admire..., my teeth... 🤒🤕😦😩😫
I am no longer in dept and will not pay anyone elses. There is the military, military reserves, grants, scholarships, working while going to school, reduced tuition for immigrants, and just rolling up your sleaves and paying off your own damn dept. I do feel bad for people paying off dept and feel backed into a corner but so have people who have paid off their depts. I can empathize but i will move out of country and start life somewhere else then stick around and pay your bills.
They can pay their own Debt, I have to pay my Credit Card bills. Grow up you took out Loans. Why is this even being tacked about.
Three years that they could have been making payments. Pay your debts kids.
@lumina The kids that fell for that lie of student dept forgiveness, did so with open eyes. The democrats just want the vote. They dangle the carrot and the donkey pulls the load. They will pull the carrot out again when it's time to vote for president. Nothing in life is free.
@lumina By the way AA is for quitters. Get a job pay your bills, government handouts are not for college graduates, it's for people that need it to survive and raise children.
@Truly Miracle Yea I guess what about the other years.
@@The69bombero I just don’t understand how stealing my money to pay off some loser deadbeat’s student debt off is going to help anything? These loser bums need to get out there and get a job. Stop buying the latest iPhone and ordering from Doordash all the time. Makes me sick.
Bush and the republicans gave handouts to big oil and the middle east but cant help their own people.
Oh yes dont pass the student forgivness loan program. We need the money to help all the rest of the world. We will have our young people growing up uneducated. No goals, no dreams just walking tge streets. Oh more homeless. Less job opportunites . So no new loans. No doctirs no attorneys no senators. Yeah you have the right direction for USA to go🙃🤪👍😂🤪😴
There will be educated people from other countries that will take those jobs.
If there’s not student loan forgiveness, the result will be an entire generation defaulting, their credit will be ruined & they will be very unlikely to have the means to buy a home or finance anything! Either it’s forgiven or the majority of it will be defaulted on, either way, it’s not going to be paid!!
Just because previous generations were able to pay off their loans doesn’t mean we shouldn’t HELP people NOW, after a global pandemic, inflation like we’ve never experienced before & an economy on the brink of recession/collapse!!
I support student loan forgiveness!! If the government can bail out billion dollar corporations who mismanage their finances, then they can bail out REAL HUMAN BEINGS who desperately NEED the help now!!
This will have negative repercussions and defaults unlike anything we’ve ever seen before, if the SCOTUS doesn’t take ALL facts into consideration!!!! Help people, not corrupt corporations!
Republicans are hypocrites! They benefit from the PPP plan, but refuse to allow middle class Americans to benefit from any relief! Absolutely shameful and disgusting!
The debt slavery is intentional. This entity that calls itself "our government" doesn't intend to reveal the true nature/source of the "loans" they claim to have lent. This is a covert fraud being intentionally perpetuated. It's disgusting. Those that payed them back got double dipped plus interest and I would be pissed. They do this with the mortgages too. The banks are not lending money. They are purchasing our notes inflating it's value to buy more assets and paying us fiat for it. They are counterfeiting and committing covert fraud every second while expecting us to pay interest on the crumbs we already bought.
Oh Lord! I can hardly pay my rent and food. How can I pay my student loans?
F**K STUDENT LOANS😂 I COULDN'T EVEN AFFORD TO FINISH SCHOOL & THE JOBS I WORK BARELY FEED ME. MY CLOTHES HAVE HOLES IN THEM, BUT I CARE FOR EVERYONE'S SICK LOVED ONES. THEY CAN'T GET A DIME FROM ME BC THERE'S NOTHING LEFT& I'M HOMELESS.
It feels good knowing kids will be forced to face reality
A good education + hard work ethics = success. A good education + an entitled welfare attitude = failure
Don't forget a 6.8 percent loan rate no one mentions that was more than double the home mortgage. Get off your high horse no want is asking for a handout just a fighting chance.
The US government has fleeced the young population from their future time to start owning up to it before we become a communist state.
@Jerry Moore I paid my loans off congress and our beloved leaders also vote on raising rates my dude I would never tell people to go to college. I would just do insider trading like they do.
@@charleshart5563 A government handout by any other name is still a government handout. A fighting chance is called hard work and long hours.
@@The69bombero wish I had an SBA loan that was clean and clear not to pay back.
Join the military for three years, problem fixed
Not everyone can pass the physical requirements to join the military. Problem not fixed.
@penguinfortytwo Yes no wimps in the military. Any way get a second job.
@@The69bombero So if you're disabled screw you I guess? Decent jobs are hard to come by right now in case you haven't noticed. The economy has been terrible for several years now. That's the problem.
@penguinfortytwo the disabled are getting more government aid than ever before. And I do see the economy for what it is. The economy has been bad for thirty years, you are just to young to have seen it. You will see the trends if you live long enough. So sometimes, you just work more overtime or get a second job. Life is long-term, no quick fixes, get used to it.
@@The69bombero "The economy has been bad for thirty years". So you admit that the problem can't simply be fixed by people joining the military. Tuition rates are much higher than they were thirty years ago. Housing costs are much higher than thirty years ago. Healthcare costs are much higher than thirty years ago. Telling people to get a second job does not fix any of this. I personally had no problem paying off my loans, but I still recognize that many people are not as lucky as me. These are systemic problems that can't be fixed by telling people to just work harder.
Hahah
use SOFI SOFI SOFI SOFI
I wish they would charge everyone who benefited off my tax dollars 50% interest rates.
People I went college with used studen loans to go on ski trips and spring break in Florida. Why f should tax payers pay for that? Lol
With the current IDR plans are even going to expensive. I'll have to choose to eat or live on the street to pay them back.
Oh no 😂
There’s a reason for the stereotype of the poor college student living off ramen noodles ya know. Did you think you wouldn’t have to make sacrifices?
@@DarthLesbian lol I am not naive. Grew up poor, so my ramen days started long before college. Yes, it is expensive and many sacrifices have been and are being made, but the sacrifices were necessary to move towards the life I want. I work hard and things are starting to move towards that life. It will become easier to pay my loans here in the near future. For that reason, though expensive, I am happy the loans were available as tool to achieve that better life. I'd still be working dead end jobs if those weren't available.