$130,000 In Student Loans And School Taught Me Nothing

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[@TheMabes69]

Went back to school for RN at 2 year community college--paid as I went. Total cost $10K with books. Hired by hospital paying for BSN. Salary $75K plus overtime. Community college is the way to go.

[@IamJacksColon4]

to become a nurse yes. but if you want an academic career no.

[@Fanofzombiespike]

🤗

[@1dfulbenjamin434]

Awesome

[@FadeHook23]

You need the minimum of a Bachelor's to become an RN? Your story sounds fishy to me...

[@cristal6636]

@@FadeHook23 no you don't you can get registered after completing a two year program at an accredited college.

[@CarolAnn-gh9fl]

Why on earth do people go to for profit schools when their local community college is less expensive?

[@whatthebleep2810]

They think the quality of education is better anywhere besides a state school. They think it will earn them higher wages...such a myth! I think the word is getting out and hopefully people are making more of an informed decision.

[@HereIsWisdom1318]

CarolAnn0308 2 reasons: People are stupid! And society has done s great job in convincing stupid ppl into thinking they need an education that when it’s all said and done do not understand!

[@crissoa]

Because people get misinformed. The general assumption is that community college is for dummies and no one ever leaves community college. Little do they know that the general ed classes from a CC are equivalent to those at a 4 year- only cheaper. For profit schools also promise “faster” completion time, and job security. You don’t have to worry about what class to take; they do it all for you. In community college, you go to a counselor and they tell you what classes you need and you get to figure everything else out.

[@RochelletheRealtor]

They made the decision to go to that college late at night while watching infomercials. Those schools advertise heavily on television, and if you don’t know anything about college, you’re an easy target.

[@martinatchison]

I went to a For Profit university and got a great education. I even had professors from NYU and USC that taught online classes at this institution. It’s up to each and every student to be able to absorb the information being taught. Some just get by, others succeed.

[@MAG-hv9qj]

"I never let school interfere with my education" Mark Twain

[@gigi8528]

Steven Magallanes 😂

[@jojo-eb1ib]

MAG well said because you don't have to go to school to learn

[@THEisaacG]

Are you sure that isn't Rick Sanchez? xD

[@grahamfloyd3451]

That is my favorite Mark Twain quote! Problem is Mark Twain never said it:/ Apparently everything cool said in Mark Twain's lifetime by anyone is attributed to him lol.

[@craigistheman101]

Never go to an unaccredited school

[@Justin-wd2vy]

If you go to an unaccredited school, you deserve everything that happens.

[@Txcowboy80]

Regionally Accrediting is best. Nationally accredited if you already have a career and your just trying to advance.

[@Sasha32659]

It probably was accredited. Just not nationally.

[@MonstrotousM666]

Unaccredited schools should be illegal unless they are actively pursuing accreditation.

[@iwillsurvive1335]

You would think that's common sense...

[@TheRosswise]

You could have gotten those degrees from a local technical college. For a LOT less than $130k. Probably more like 20k.

[@ImprovementisGrowth]

If she realized she wasn't being taught anything, why did she stay?

[@TheRamseyShow]

Pamela, Thanks for subscribing! Glad to have you a part of The Dave Ramsey Show!

[@munhl]

It's psychology, once you've spent a significant amount of time and money on something, you feel like you should see it through to the bitter end.

[@munhl]

Whoops got you confused with someone else.

[@kaz9781]

Our society has drilled the idea that going to college is a must and you'll never be successful in life if you don't .

[@usnaviartstudio1791]

I would have left the first week of school when I noticed something was not right. If the school closed or went broke then she can get the student loans forgiven.

[@jimmytwotime6875]

I work in the Information Security field with NO DEGREE and only a couple of certs and I make nearly 80k a year. Homegirl is either inept or not trying hard enough.

[@deseanimbackathomejackson9562]

tito hall How did you pull that off if you don’t mind me asking? Did you teach yourself and if so how? I’d love to learn from someone who’s take a different route

[@rb7454]

Take the certification tests. That shows employers you know your stuff. Your degree doesn’t say anything

[@gwendeline7472]

At networking you don’t need a degree to make a decent income since almost nowhere is taught as a career, I’m currently a software engineering student at a not so great, but decent college(running for valedictorian still), during my degree I realized my program programming wise is mediocre at best but they the school is extremely good at networking and quality assessment of software, databases and web dev. It might not be a good school regarding CS , but still will lead me to a job. Ps. I am a sophomore who has failed interviews from big name companies, I still have to study hard, and might not be able to pursue career pathways like AI but I know I have a future there. I’m still constantly told by teachers and administrators to look for internships and self study in whatever I want to specialize while there I’m getting a technical degree on steroids.

[@JF32304]

I've been in IT for years and years. Self taught the entire way. Sys admin making nearly 100k. Zero school debt. And no certs.

[@abhim9221]

@@JF32304 How long did it take to reach where you? and where do you work, you would've to have to lots of experience and be in a good job market right?

[@ParadiseChamp]

It just sucks that when everyone is growing up and being told that College is the way to go and NEVER discuss the BIGGEST CON if it's a worth it INVESTMENT.

[@muhammedmateen4728]

To be honest college is a gamble if you fail the final test you have to pay again it’s a gamble be smart about it I am 20 years old I bought my dream car at 19 years old for £13000 for my personal use and now I have a second car that I use for work which cost me £1700 all paid in cash because I live in the uk my car insurance is £5800 a year I failed in school and college and I am working you can tell that you really don’t need to go to college this made me realise if I didn’t go to college I would have made even more.

[@iamme50]

I wish I never went to college or got a graduate degree. I wasted my time and accrued debt. I chased a dream that never came true. I refuse to have kids or buy a house due to my student loan debt. My student loans are my kids and my house.

[@kfcpop]

This sounds like ITT Tech. I had a friend that went there for to become a technician and told me that they did not care and do not teach anything. Lucky my friend drop-out because of that, and is doing well just by learning it by himself.

[@bethanyh1637]

I went there about 20 years ago. They actually taught well at that time and were respected in the fields. I was recruited by Boeing at graduation. But that was just before they added fifty thousand different degree programs that were outside their specialty.

[@TheRamseyShow]

Mike, thanks for being such an engaged memeber of The Dave Ramsey Show community!

[@Michael-ke8on]

Thanks a lot, I appreciate it!

[@DonnieDarko1]

Brandon Andrews they are "done" with no repercussion. Being shutdown is part of business as usual. Basically, They got away. They win.

[@Smileyyy21]

I wish they could close Concord Career Institute. I owe them 8000 dollars.

[@PInk77W1]

She needs to apply for 10-20 jobs a day. I was a high school drop out and my parents sent me to my older brothers house half way cross USA and I thought it was a vacation. My bro made me fill out 15 applications a day till I got a job.

[@harshitmadan6449]

How many days?

[@Mf7d89]

Good big brother you got there

[@ChillstoneBlakeBlast]

Wow, your family are amazing for giving you such a stong Wake Up call. You should thank them.

[@PInk77W1]

Harshit Madan I think I had a job by the end of day 2. It was back in 1980.

[@darienlenderson7120]

These schools are predatory. We should be able to sue these colleges for all this student loan debt they have left us with. I started college in the 90s. My aunt was a professor. She told me not to worry about borrowing for college because i would get a good job in the future and simply pay it back. So i had no idea the harsh reality of this debt.

[@5000MikeMaster]

Darien Lenderson you signed the debt. Stop blaming others for your mistakes be a man and take responsibility for your actions.

[@inthevault9603]

How could your aunt lie to you like that?!

[@xxxBradTxxx]

@@inthevault9603 boomer logic, college was like a month's salary when they went

[@PhelpsLife]

Go to a junior college. 2 years. Get an associates in information systems, systems administration, or computer networking. Get out and start working. Then start getting CERTIFICATIONS. You don’t need a bachelors in information technology to do well in IT. It all comes with experience and certifications. An associates will get your foot in the door at a beginner position. I’m 27 and make 60k plus on-call after hours in Texas. Been in It a little over 5 years.

[@PhelpsLife]

By the way I only had 10k in student loans and lived on campus in a nice dorm. Tyler Junior College. Loans are already paid off.

[@randy944]

this exposes a bigger problem- most of our young people are stupid and naive- they don't educate themselves on student loans and how to choose the right school- and this is a sin considering we have the internet and social media.

[@JaylenFast]

She must have known the education wasn't up to par while she was in school, I don't know why one wouldn't drop out.

[@daricej9753]

Probably because the refund checks were big, I went to that school and they would try to get you to take the maximum loan and I was only 18 but I knew better than that.

[@vicki8042]

She didn't drop out because she wanted a degree and didn't want to work for it.

[@NateshasAmbience]

Jaylen Fast Because she got easy A's

[@ellenlee1]

SHE USED THE MONEY TO LIVE ON. SHE BORROW THE MONEY, USED IT, TOOK THE CHANCE TO HAVE A GOOD LIFE AND FAILED. PAY YOUR LOAN BACK. IT WAS SOMEONE'S MONEY WHO WORKED VERY HARD FOR IT. MONEY IS NOT FREE, YOU SHOULD HAD KNOWN THAT BEFORE YOU SIGNED FOR IT.

[@javiernesta5876]

Jaylen Fast story of my life

[@mookixox]

ITT tech Victim...

[@Simon-oy7kf]

She is not a victim

[@warwagon]

When I read the title I said Out loud "Good God, Who's the doctor or lawyer!"

[@HomeboyChris]

average state college is $89,000 now

[@warwagon]

I was channeling Dave Ramsey's normal reaction.

[@kwell2307]

Haha Dave says that.

[@mybarcelona95]

Adam Bottjen LOL

[@TartarianTopG]

Adam Bottjen same here!! Hahahahaha

[@biometal770]

Went to a public university, paid as I went. Got the Pell Grant; Biology degree for 25k total. Got my Master's in Chemistry, pharma company paid for 2/3, I paid for the other 1/3. No student loan debt. $85k total compensation per year, and rising.

[@micahlanboney7830]

Congrats. You’re path is better than 90% of others!!

[@biometal770]

@@micahlanboney7830 Thank you so much!!! It is still possible to pay your own way through school. Just have to be smart about it!

[@Rion5]

As a guy with a legitimate C.S degree, the secret I'll let everyone in on, college doesn't teach you much. Its all on yourself to do the work. I basically taught myself everything I know from online videos.

[@andyatty9412]

Facts my Ninja

[@ThatOnlyAsianGuy]

I don't know why people bash community Colleges. Its such a great feeling to save money and with financial aid, you go for free! These people who are bashing community colleges are drowning in student loans right now

[@micahlanboney7830]

My first 2.5 years of college have been totally for free thanks to technical/junior colleges. In fact, they actually paid ME to go!

[@simplybows1]

I will be debt free this year.... 👀

[@III-ip8uc]

I never had any debt for my Engineering degree thanks to my country.

[@QueenRissa_34]

Congrats!!!!! So happy for you!

[@eurekamreum5458]

Congrats!

[@szewsm]

Congrats... seems like you should be debt free soon!!!!! That's great!

[@AbundantlyT]

Congratulations, me too I’m claim it!

[@jackjo2739]

Student loans should not be given to uncredited school period! The government should do more to protect this kids who just turn 18 and about to sign up one of the biggest loans of their life!

[@brianyun249]

I don't think that school taught her nothing - it's more like she didn't learn anything. People like this just like to blame the others to make themselves feel better.

[@LittleMissRockChalk]

I'm saying this as a public school teacher... Not everyone should or needs to go to college. It is that simple. High school students should do research into fields they're interested in first to see what kind of higher ed is actually required and then plan accordingly. That being said, I cringed hard when she said she got a degree from a for-profit college. When college is necessary, I'm very much an advocate for accredited state schools with history and tradition. Yowza!

[@jrsanders15]

She went to ITT. I did as well. Thank God I was able to get an internship and get a career in Infosec. I’m have 15k left to pay off. I’m thankful I was actually able to use my degree, but man I wish I went somewhere else.

[@lashandaeller4821]

Why do people go to these for-profit schools????? I got a bachelors and masters degree from state schools (I was out of state for my masters, too!) for a fraction of that! And they made darn sure I knew how to do my work as well!! I honestly think they prey on vulnerable people. I hope all for-profit schools shut down!

[@mmmmmvodka]

Honestly, they prey on single parents, people struggling for money, and those who cannot get into state schools. Trust me, a lot of people do not understand how these for-profit schools work. They never do the research before going. And they get them.

[@AmethystEyes]

LaShanda Eller for-profit schools are very vulture-like and are told to go for peoples “pain points” (what they are literally called in marketing).

[@RA-pf7wv]

Because these student's cant get into States schools due not paying attention in high school and not wanting to stay in community college for 3 to 5 years to maybe getting in....its all about time and acceptance....

[@jimroscovius]

Some for-profit schools are good. Don't curse them all because of a few. Get a job - you borrowed the money, so pay it back.

[@jojo-eb1ib]

So the four years you were going there it never occurred to you that you weren't learning anything

[@CommandoMaster]

School should not be teaching you everything you know. YOU should be learning skills on the side as well. Learning is a lifelong journey.

[@talyahr3302]

Love this. Absolutely

[@chikifree]

id have to be insane to spend 130k on ITT tech tuition. that degree is worthless in the induatry. at this point, she needs to get security/IT certifications that will increase her income.

[@bethanyh1637]

It depends on the industry.... but $130k is crazy.

[@vilenationgaming]

LuisEspinozaMusic depends where she works. I have 2 degrees in IT and no certs and make 100k a year.

[@usnaviartstudio1791]

Since the schools collapsed you can probably get the loans forgiven. Call the student loan company. They may be able to discharge it since the school no longer exists and they closed down due to scandals and what not. Also look into obtaining the IT certificates from the community colleges or something like that.

[@mastercreator7344]

Vile Nation Gaming. Great how much of that do you keep? 65-75k? What if you could pay less in taxes like RICH do? They definitely won't teach you THAT in ANY traditional school.

[@joseluki]

I am sure she does not know how to do a fresh install of windows.

[@jschram84]

She can file a Defense to Repayment with the DoE and they will discharge her loans on account of fraud. She either went to Corinthian College or ITT Tech and they are doing that with those two schools

[@luke9511]

i went to ITT Tech and it was the biggest mistake of my life and the only good to come from it is i met my wonderful fiancee there

[@TheMabes69]

Get that M.R.S. Degree lol!!!

[@brewanalysis2764]

As others have said, this really sounds like ITT Tech. *HORRIBLE* school. They tried to get me to attend in the early 90s. Two things were HUGE red flags to me. 1) Their credits were not transferable to other schools. 2) I checked into them multiple times over the period of about 4 years. The counselor I would speak to one year was ALWAYS gone the next year. One lady told me she had been there many years. I called back next year, asked for her, nope, she was gone too. I've worked with a few ITT grads many years ago when I did entry level jobs. All of them said it was the biggest mistake they ever made. Good riddance.

[@arniepye]

I came out of university with 85 000 in student debt in various forms. Down to 27 000 but it's been 7 yrs. It's crippling being under the weight of such an obligation. Wish i and my parents had been smarter when i was young

[@whatthebleep2810]

My student loan currently is $80k. Just got a fed job so I’ll be spending the next 5 years paying it off. Congrats on getting yours down!

[@danielj5056]

Arnie Pye keep going you will get there

[@Sunshine4]

Or you could have applied for scholarships...

[@whatthebleep2810]

Sunshine4 Not everyone qualifies for scholarship

[@joecoolioness6399]

By the time my daughter is 18 she will have between $50k and $100k for education, based on our savings plan. She is still going to go to a community college for 2 years before I will let her spend a dime on any other school. And she will not be getting a history or fine arts degree, or she will not get that money. Daddy will be taking that for rent.

[@michaelbradley4734]

This guy is more patient than a priest. Never ending financial disasters brought about by complete ignorance. The more I read and watch the more I think that college may be causing stupidity.

[@pontiachotshot]

Nice to see the Ramsey team being active on KZbin for comments.

[@TheRamseyShow]

pontiachotshot, nice to have you here watching!

[@luisdaa]

It's amazing that college has gotten so expensive. And nowadays they are teaching you how to choose your gender. I heard that some universities don't want to use the pronouns he and she, because they don't want to offend transsexuals.

[@MegaBallPowerBall]

Daniel Ayon Gender is Middle Ages church nonsense so yeah we should be getting rid of the nonsense known as gendered pronouns.

[@mysteriouscreations8459]

Nope we should not unless the individual request it.

[@LittleHatori]

It's TRUE Sad and true. But the level of PC ur college is steeped in can vary widely. I'm glad I'm in one 9f the tamer community colleges.

[@LittleHatori]

@@MegaBallPowerBall 😂😂😂 stop being foolish and bitter. Church (nor any religion) did not dictate Biology.

[@LittleHatori]

@@MegaBallPowerBall 😂😂 if u think biology has nothing todo with gender, the school system, your parents, and your own capacity to reason has failed u. We're talking about XX and XY. And at the core we're talking about empirical facts. Not feelings or mental illnesses like dysphoria or insecurities ppl have which bring this "debate" about. Dont make it too complicated for urself. I'll grant u, biology is complicated. But Gender is not the enigma u think it is. Ur either boy or girl. Rare circumstances such as u have a disorder of the reproductive organs of some kind which is called intersex, but still doesnt make the gender arbitrarily chosen bc doctors can still run tests and find out other indicators of what the gender should be. Also, divorcing gender from biology doesnt work, bc gender and biology r linked. It wont go away bro. XD atleast not without a great deal of fighting.

[@MrNicks-gn8jc]

She has a degree in I.T. Security !! She needs to dedicate time to take an online bootcamp to get some I.T. certifications, such as: Security+, CEH, SSCP, CISSP, and GIAC as well as build a KZbin Channel in which talks about SOLVING I.T. SECURITY ISSUES......and that 80k or more a year will come

[@vicki8042]

She knew she wasn't getting a good education and chose to stay. Obviously not smart enough to pass in a different school.

[@whatthebleep2810]

Not sure if she is smart anyway. Dave had to ask her like 3 times what her degree is in.

[@MrWatchmen759]

This woman that worked for this for-profit college was really trying to recruit me but the college looked so fishy and it was in upstair building. I decided to go to my public University. Best decision I made after watching this video

[@cripplermaximus]

I worked part time at a for-profit college for a little bit. They didn't keep me around long after they found out I was conducting my courses like a real college instructor...

[@IvyPlans]

Watching the Dave Ramsey show makes me realize that America needs to educate Americans at the preschool level about managing money. The mistakes they make are completely avoidable. Many of rhe people with the over 100,00 o loans should have gone to a more affordable college. A degree is a degree once you have it you just have to know how to work it. It seems so many people are living beyond their means, Then they wake up one day and realize they are in debt. Very unfortunate situation.

[@capncrunch7485]

She got into an ITT wreck!

[@wmurray1990]

In information technology, technical certifications are worth more to an employer. She should gain a Certification or two as well to understand her field better and increase her income drastically.

[@nicole4779]

Her loans should be forgiven since she went to a for-profit school that was shut down. I believe there’s a law that recently passed that says such.

[@esonon5210]

She went to a for-profit school which tells me she wasn't all that smart to begin with.

[@Lemons19902010]

It sounds like she went to ITT Tech. Why did she continue to take classes and stay enrolled there, if she wasn't learning anything?

[@medwayhistory3101]

Dave: "so you pretty much don't know what you're doing?" Caller: "Pretty much"

[@coreynichols9064]

I was in the same boat and would like information on the loan forgiveness. I’ve paid nearly $1,000/month on these loans since 2010 and still owe $80k in federal and $40k in private. The school is ITT-Tech and they opened most of the loans within me knowing.

[@agenthollands4140]

"I went to school and did no work and now I'm mad I didn't learn anything :("

[@paperremix]

Yeah, I mean after a while wouldn't you know that this school is BS? Also why go for profit?

[@nikkole9951]

This sucks. You think she would have figured this out sooner.

[@JDMcHaley]

Joined the Navy right out of high school. No debt and companies love vets.

[@eurekamreum5458]

Do they? I've read some stories about vets not being able to find any jobs. Glad you did fine tho!

[@clarissamcpigeon7857]

At least she has studied something that's actually useful. Information security is a very big deal at the moment and American IT people get paid very well.

[@JohnnySmoove]

The problem is they are giving loans to these unaccredited schools without doing background checks and when they do it’s to late and the students suffer. I don’t know why the government can’t do a proper job vetting these kinds of schools.

[@hinglemccringleberry8805]

I have a friend who went to Sanford Brown for radiology school. Racked up $36k which gets you a certificate, nothing else, and on top of that she didn't pass her boards which means no license and no employment. Those schools are a scam.

[@chakarinyoswattana6987]

What kills me inside about this is the fact that people might get the impression college is bad, but that is not the case at all. What is bad is NOT knowing why you are going to college, spending extra for things unrelated to education (Out of State, On Campus Housing, etc) Outside of a select few professions like Doctors and Lawyers you can get a good education at a community college. Why should you pay for a beautiful campus with all these bells and whistles that are not related to actual learning?! I tell anyone who will listen BEFORE you even consider college think about what type of careers interest you then go to a major job search site like Monster, Indeed, Careerbuilder, etc and see what is ACTUALLY in demand and WHAT are the requirements. You will see that many will say Bachelors + 3 years or GED plus 5 years experience. Even if they require a degree they DO NOT CARE where you got your degree as long as it is at least in a relevant field. Parents need to step up and talk to their kids.

[@crissoa]

I remember when I was suckered into going to a nationally accredited private school. The price tag was $90,000+ (and this is before interest kicks in). The good news: I left after less than a month. The “bad” news, I had to wait an extra year to get into another school. This new regionally accredited school was paid for by grants. If someone you care about is in college, please intervene if said person is taking on an unreasonable amount of student loan debt. 18 year old children don’t know what they’re signing up for, and are easy prey for for-profit schools.

[@sirjcc]

OK, this school might indeed "pass students who don't do any work", but she also choose to continue staying there AND do no work and learn nothing. Heck I went to an expensive school and had 1 professor who didn't teach jack, but I worked hard to at least learn it on my own

[@larrypadilla8706]

I don't understand why someone would attend a for-profit college. Is it the easy admittance? Easier classes? Surely they can get the same education at a community college or at least the local library.

[@bethanyh1637]

Mostly advertising and the ever perpetuated myth that "you must have a degree." The education at a for-profit can be just as good as any other school and often more streamlined and convenient. The biggest difference between a for-profit school and a non-profit school is one is upfront about milking you. You don't even need to attend a community school to get milked by them.

[@Deedee37986]

A lot of students work full time during on weekdays. The for-profit industry offers classes in the evening, on weekends and online. It's difficult to find courses and degree programs at nonprofit universities and community colleges that fit in with work schedules.

[@Deedee37986]

+Dana Isaac sorry, meant to say "during the day"

[@LouisDamMikkelsen]

You're right--the same education at a for-profit college can be attained at a community college, public library, or the internet, at a vastly cheaper price.

[@jcrowley1985]

The problem is the library or internet don't give you that special piece of paper called a diploma which most HR departments absolutely need to see or your knowledge is not even considered with them. We need to stop associating a degree as a requirement for the vast majority of jobs. Unless you're a doctor, lawyer or engineer, no job should require a degree.

[@OwenL32]

She needs to get her CCENT and CCNA thru self study and bump her income. At least she has the IT basics down.

[@geebee6010]

She really didn’t even need the degree if she has the certifications.

[@mikeyvester]

When I have been in an IT hiring position, Devry graduate's resumes would get shredded. I asked the HR department to filter them out before they got to me.

[@mikeyvester]

No problem, I just have a hatred for Devry. In Canada, a publicly funded school has a lot more credibility. They don't care if you pass, they are not trying to please a paying customer. Like Dave has stated many times, where you get your education has very little affect on your employability. Just as long it is not Devry.

[@kujas]

you would shred devry degress, i can't wait to apply for your hr department.

[@jairoherrera4040]

Basically all the for profit (unaccredited) universities applicants are in the dump.

[@CanadianEhh93]

Most degrees usually are useless 😂

[@RingwelskiJacek]

Student loan discharge does not apply if you have completed all your coursework, even if diploma was never issued. Only applies if you were still actively attending, unfortunately.

[@prettyboibozo3619]

I’m not going into debt for school. Not worth it

[@countdown2xstacy]

👍🏻

[@michaelblasius7705]

Where are the parents stopping their children from accumulating all this debt for nearly useless degrees? I know these children are actually adults but those children should trust the opinion of their parents and their parents should be offering their opinion!

[@ominous450]

She's not going to be able to pay that $130,000 off making $40,000 a year. The interest on private loans is ridiculous. She's better off negotiating to pay a minimum amount per month for the rest of her life. That's what I would do. I'd say "Okay, I'll pay you $100-200 per month for the rest of my life." Anything more than that and she won't be able to breath.

[@TheRamseyShow]

Ominouse450, thanks for being such an enaged contributer to The Dave Ramsey Show comment section! We have people all the time knock out over $100k in debt with low incomes. Make sure you subscribe so you can get the latest videos from us! Don't forget to subscribe! kzbin.info

[@oldtwinsna8347]

As others have already commented, that only works if you're still in their program taking classes. Once you graduate, it's not applicable.

[@HereIsWisdom1318]

WAIT!!! I.T. Security and she doesn’t know what she’s doing?!?!!!? Sounds like a her problem!

[@chrisgoomba9735]

"So you pretty much don't know what you're doing..." "Pretty much!" "Oh that sucks" LOL dave's face had me laughing

[@erinnarmour]

That sounds about accurate for income-based repayment for that jump in income.

[@Theo-jd4rs]

She could have done MCSA, CCNA, Comptia Security + , and some programming cert

[@nczioox1116]

The info to pass all those free on youtube. No debt at all either lol

[@3DPT]

Itt tech is eligible for a school closure discharge. File now before the doe stops discharges

[@YouTubeUzername]

If she is paying anything less than 700 a month she is paying only interest but this is 100% her fault.

[@tammyboyle230]

Because she was not able to benefit from the education she received, she might be able to get her loan forgive if she submits a Loan Discharge Application: False Certification (Ability to Benefit) (myfedloan.org/documents/discharge/fd/false-cert-benefit.pdf). However, the form expires August 31, 2017.

[@trent797]

OK, hot tip from a guy who worked in computers: the degree you want is called "Computer Science". None of those "computer info business systems" or whatever the heck these majors are called. Study Computer Science. Also, I would bet my life that there is probably the most free CS educational content on the web compared to any major. Yes, I know a piece of paper from a college is good and you should get it. But my point is that if you go to a school that sucks, you should easily be able to supplement it with free resources online. I mean, MIT has tons of CS courses for FREE on youtube, for chrissakes. This won't be reflected on the piece of paper that is your degree. But it will be reflected in your conversations, interviews, and work you do with real engineers.

[@TheRamstoss]

"didn't have to do any of the school work to pass the class" Yeah because you need like a 50% grade to pass.. how about trying to get straight A's? How about doing the work anyway even if it's not needed to pass? Why are you going to school if you're not going to learn SMH

[@joecoolioness6399]

She has to share the majority of the blame for this. She didn't do the work.

[@TexasMade903]

I'm not the smartest person in the world but after listening to some of these people I know for sure I'm not one of the dumbest. What's wrong with going to a jr college or joing the military and letting uncle Sam pay for it.

[@smoothvirus]

I was listening to this and suddenly realized, oh my god she went to ITT Tech. Oh no….. hopefully she got that debt forgiven.

[@glowblank17]

Yep, just as the government planned.

[@plumeria66]

If you're not studying for a degree that will quickly and easily land you a high paying job (do your research as to what is required), there is zero point in being $130k in debt. Buyer beware. College degrees are useless commodities unless you are pampered rich OR you study toward a high paying job. Some women even go to college to meet a husband, which isn't a bad idea either (for the women).

[@MegaBallPowerBall]

plumeria66 So all your teachers shouldn't have gone to college?

[@geebee6010]

Exactly. There’s more brainless women in college now a days then anything. A lot of men are choosing to learn trades and do blue collar work.

[@Globewanderer000]

She knew she wasn't learning anything and supporting a degree mill yet she still attended. No sympathy for her. She's a con man too.

[@JF32304]

WOW. Didn't do any real work in school and passed and now has no real ability to perform in the work place.

[@idbountyhunter]

They will loan money to anyone if it’s for School and the main reason is you can not get rid of the debt unless you pay it off or move out of the country.

[@ipwn3gs]

cheap state university is your friend people. No school is going to teach you everything , you need to have passion for what you do. That way you will peruse learning more yourself for rest of your freaking life, automatically.

[@justinhill4416]

@2:33..."Aww that sucks", Dave said with heavy breath.

[@ChristopherFrydryck]

I went to an accredited non-profit college and immeditely could tell I would not learn much during my time and left to go somewhere else where I could gain the knowledge I needed. Sounds like she was in too deep and fell victim to a sunk cost fallacy... You can only feel bad for her.

[@Kat74770]

Why are for profit colleges allowed to exist. ugh, poor woman.

[@tonyaelmore7610]

Get a job in that field and figure it out like the rest of us do!!!!!

[@victormendoza3295]

Ah you can fake it till you make it in IT sometimes if they hire you and you are a good learner.

[@joecoolioness6399]

Absolutely. Helpdesk hires in at $50k + here in Michigan. Work hard, ask for training and next thing you know, $100k +.

[@willieboy3011]

College Administrators need to answer why they charge so much for degrees, especially public universities that are taxpayer supported. Colleges are largely responsible for these debts. Taxpayers should not be required to pay for student loan debt. (Note that we already pay for universities, and this is not for debt)>

[@imkakashisbabe15]

If her Income Base went from $85 to $321 then she didn't renew her plan. The Income Driven Repayment plan is only good for 1 complete year and then you have to renew the plan in order to stay at a lower rate. If she no longer qualifies to be on a lower rate under the Income Base then she needs to reapply under a different plan of the Income Driven like the Repaye or Income Contingent. If that doesn't work then she should inquire with Navient of what her payments would look like if she did a graduated plan or an extended level plan but that would depend on her repayment term that she has left. She can also talk to them in doing a temporary lower repayment plan. She has to negotiate with Navient cause they will make sure she won't default. With the loan being forgiven since the school closed she might not qualify since she already graduated and the name of that forgiveness is the School Closure Loan Discharge Application.

[@daricej9753]

They are not forgiven if she graduated.

[@vilenationgaming]

A Darice bingo. and she got those degrees on her wall.

[@inthevault9603]

For profit schools should be illegal. Students shouldn’t be able to get loans for these schools.

[@unclejacks8978]

I wouldnt pay a dime to a fake school.

[@recordrabbit]

Terrible advice! Don't default on your loans if you can help it, because you can only default once! I do agree with Dave that she should look into options if her school was truly guilty of fraud. If she is in Income Based Repayment (a program Dave does not appear to have studied well), she might be able to get a deferment, but defaulting is an option only if there is no other choice. My advice if the caller reads this is to call IBR, be honest about your situation, and see if you have other options than default. From my experience, they will try to get you a reasonable plan. The problem with Dave's one-size-fits-all advice of "Just Pay Off Your Loans" is he hasn't bothered to research IBR and other programs deeply enough to give good advice. We can live in a fantasy world that everyone is going to pay off their loans, but the reality is that it's probably not mathematically possible for some people. I'm sure someone will reply saying "But she could pay it off if she REALLY wanted to". Good luck with that. Some people just have too high a debt to earnings potential ratio whether you like it or not.

[@mastercreator7344]

recordrabbit I agree that he didn't seem to know very much about possible solutions to help her and im sure most of the other callers are getting outdated potentially harmful advice from him.

[@georgelupercio2795]

In the world of technology you never stop learning so to say " I didn't learn anything" is redundant as it's a person's responsibility to continue learning if they want to accomplish anything.

[@clublulu399]

She sounded hopeful reciting her degrees to Dave, but her admitting to being clueless after Dave asks if she has no clue what she’s doing is hilarious.

[@josephparker646]

there is a closed school waiver for federal loans and it is only for Federal Loans

[@TheMeganExperience]

There's no reason that woman can't get hired by some random ecommerce company or something of the like... even with a bogus degree. IT companies and companies relying heavily upon IT professionals are CLAWING for female bodies; regardless of whethet or not you're capable.

[@GetToDaChoppa-k5r]

I went to art school and it was more philosophy based than actual art teachings. They had budget cuts and were ridiculously understaffed. People were led to believe that this school had a great reputation. I still regret it buy I still love art. Be careful, young people.

[@mustangthings]

If it makes her feel any better, you can go to a very good school and get an IT degree that also won’t prepare you at all for a job in IT.

[@adarcus4053]

NEVER GO TO A FOR PROFIT SCHOOL! YOU ARE HANDICAPPING YOUR EARNING POTENTIAL BY DOING IT! COMPANIES WON'T HIRE YOU IF YOU HAVE GONE THERE!