$328,000 In Student Loan Debt and We Aren't Even Doctors!

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[@ninaunderdue1430]

Kids won't break you....day care will.

[@michellemarie1197]

Nina Underdue thats why most parents who are financially stable dont use daycare......

[@morphorod]

Nina Underdue AMEN. That’s what’s breaking me.

[@yashtripathi9464]

Nina Underdue not even that the diapers will

[@Hunter_13839]

I feel like the overwhelming majority of these videos just boil down to reduce expenses, increase income. That’s obvious to everyone.

[@Emily-cj9nc]

Isn't daycare temporary?

[@thisyearsgrl88]

NEVER pay out of state tuition!

[@mikenelson8377]

thisyearsgrl88 yep and it’s highly likely that the same piece of paper have been much cheaper in-state.

[@254jada]

thisyearsgrl88 NEVER PAY TUTION! Get scholarship or go study overseas

[@lcmichaels7215]

that actually was not a correct statement when I was in college (1990-1994). I lived in Illinois and I could not afford the five state schools (Northern ILL, Western ILL, Eastern ILL and Southern ILL) and didn't have the grades to get into U of I. I ended up going to an out-of-state school and it cost me LESS as an out-of-state student than it did as an in-state student. Plus I only had to pay one year of out-of-state tuition before I was considered an in-state student and my costs went down even more. I literally don't understand these outrageous costs in colleges today.

[@michellemarie1197]

If someone plans on going to a school out of state, then i suggest they move and start working there first for at least a year or two until they become a resident then they won't have to pay out of state tuition

[@justinosagie9653]

Yeah it depends on your state and others. I have a friend who pays out of state for florida and its 10k cheaper than where he's from

[@deathrowtodisneyworld5030]

I am now an Associates Degree RN, started out as a CNA, then LPN. Spent a grand total of 5K on my education going to community college. I make 85k a year now.

[@icereidy6586]

DeathRowToDisneyWorld i wish i went that route

[@aririyadh8359]

Seems like you did it smart. Well done!

[@petergriffin1387]

I got my bachelors and masters degree thanks to the service

[@GG-bw2ph]

same here, but i got my associates right high school. im cheap as dirt and hate buying materiasltic things.

[@leilanidru7506]

Brian Martinez which service?

[@ross330]

Anybody else watch these Dave Ramsey shows to feel better about themselves lol?

[@tonylama2012]

Big time

[@gregc247]

Yep

[@vibloom6520]

Yes, lol

[@behavioralhealthintegration]

yep

[@gypseenomad3956]

Yes!

[@You2be-Sucks]

I was just going nuts about my $7,000 credit card debt. Regardless of your situation, there’s always someone in worse. I hope they make it.

[@fer-curium1650]

FitTruckingGamer did you pay it already?

[@imthrillz5255]

7k in credit card is still bad lol...

[@breekennedy3945]

Im Thrillz yeah but it doesn’t seem like such a daunting task to pay it off when hear this insane stories of enormous amounts of debt

[@roxannegordon6162]

I know how you fell, Fit, I have about that and there's no reason for it. I make enough to pay that off in a few months and I will. I can't fathom all these college loan videos. Gee wiz!!

[@chuckhines459]

@@imthrillz5255 Not as bad as $300,000. Lol

[@BigHoffa]

This is why I went to a community college for two years, and then transferred to an in-state university. I think that route is extremely underrated.

[@SAM17898]

Cole Hopfenberg im did that but I decided to work full time and do school part time, didn't want to use up the financial aide until transferring out, instead of the 2 year and out, took me 4 smh oh well

[@rachelmanavi4819]

Yes I’m trying to do that

[@h.e6604]

This is what I’m doing. I’ll be completing my 2nd year this spring and I’ll be $0 in debt

[@BigHoffa]

@@h.e6604 Congrats, and good luck! It really works. I graduated from UNC this year with zero debt. I hope you have a similar outcome.

[@frankchen4229]

best route (for those without full rides and want to do STEM, law, or medicine) community college -> state university -> prestige grad school (either for masters or doctorate)

[@ludwigvonsowell5347]

I'm thankful for my whole life I've listened to Dave Ramsey. 18 gonna be a junior in college. College is 30 minutes away from home and I'm commuting in a junker with no credit cards and no loans.

[@NorwichGrad97]

Great job, kid!! Write down on a piece of paper "DEBT is SLAVERY" and place it in your wallet. Stay out of debt.. when you start looking for a potential spouse, make sure you share the same qualities and beliefs. Don't date a high maintenance girl.

[@ChrisMFlorida]

No, life's too short to be drowning in debt.

[@nicolewilliams3434]

Alex Minor keep it up hon 🙌🏾

[@kace7230]

In a few years you're gonna be traveling the world while some of your peers are stuck working to pay debts, wishing they copied you.

[@joemomma7161]

Alex Minor what are you majoring in?

[@billrich5217]

When you have 160k student loans the only person who will marry you is someone with 160k students loans lol.

[@dvelop4975]

lolol

[@EAAAA1505]

Lol for real.

[@NHJDT]

I have 3 kids and sorry but dave is wrong. Kids are expensive. Between childcare, food, healthcare, and activities, they are very expensive

[@ittakesavillage5461]

Activities can get very expensive, they have talked about it on the show many times. Try making a budget category for them. For food, try writing down what meals cost and then pick meals based on what you are trying to spend. My sons favorite food is pizza, that got expensive quick. Now we make it from scratch, super cheap and we have it down to 20 minutes now.

[@whitneyw.7919]

Dave thinks this because his wife stayed home and she doesn't seem like the type who really would've worked anyways, so she was dead weight but good for reducing the true cost of childcare so he doesn't understand how expensive they are!

[@Theraceagainstmyhealth]

@@whitneyw.7919 I used to think private school as they get older was expensive but it is actually cheaper than early life child care.

[@whitneyw.7919]

@@TheraceagainstmyhealthYup! unless you're talking about a ritzy private college. I went to a christian school- it was $5K/ year. Daycare now in the D.C. area runs about 1500/month. Yikes!

[@Theraceagainstmyhealth]

@@whitneyw.7919 I'm near New Orleans and our daycare is cheaper at $775/month but that still amounts to just under $10k/year. Private school through middle school averages around $6k here. In high school, however, cheapest private school option here is $10k/year, but my daughter is a month old so still some time haha

[@MrOfficer235]

Can we talk about how her husband spent $167k for graphic art ??

[@ES1Baller]

ahdfakjh ajfdandkj When you can literally go on KZbin and learn anything

[@cammy60467]

Maybe he didn't plan on studying that?

[@zacheray]

probably Full Sail..

[@Emma_madison]

@@zacheray 🤣

[@techmedia1360]

Evdog04 its not really about that it’s more about the proof of education.

[@heatheraddington289]

$100k as a Therapist. Nope. I was a therapist for 12 years and got up to $52k in AZ. And private practice doesn't guarantee anything.

[@chantet909]

Thank you! I was like 100k, don't tell her that!

[@aje3587]

In California, some therapist/clinicians DO make 100k. I’m not licensed and I make close to it.

[@prettynatural1973]

Girl preach tell the truth

[@fournee66]

@@aje3587 yup in California everyone makes higher than the norm but the cost of living is high also.

[@TheVCudi]

AJ E 100k in Cali is about 50k in any other place

[@KMF3]

Sorry I am a counselor and I don't know anyone else in my field making $100k a year.

[@thaddiusglunt2424]

She said she makes $45k. Their combined income is $100k.

[@DewTime]

Thaddius Glunt kmf was referring to Dave saying she could make $100K once she gets licensed.

[@ochenhetree]

Low skill job means low pay

[@yeshalloween]

Combined

[@derrekmitchell1012]

Yeah maybe 80k max for a counselor

[@LilannB]

I don't see how you can get rid of $328K of debt making $100K in just five years due to the interest. This looks more likely to be a 10 year project if they really buckle down.

[@ChrisMFlorida]

I'm thinking rice and beans for about 20 years.

[@fpl_bailey]

LilannB 10 years 🤔🤔🤔 They can probably do it in 5-7 years plus we are not calculating the possibility of raises.

[@bryanuchiha6166]

Rent is cheap out there in Durham NC It's probabably 700 a month for a 3 bedroom house in some areas So a apartment must be cheaper

[@stephaniehoneycutt6018]

I live in Durham NC...my 3 bedroom house was $1800 per month and now I'm in a 3 bedroom apartment for $1400...

[@321123580]

Bankers rape us every day.

[@NateshasAmbience]

Next business venture: Establish a University.

[@garyhost1830]

Not a silly idea, find out which companies own/hold them and invest in those companies on the stock exchange. I'm looking at a company that holds shopping centres. Also it's a cheap way of investing in commercial property that you can continually contribute to that doesn't require debt of huge crazy amounts of money like actually building a university or shopping centre.

[@tacticalcrusader3709]

The university bubble is about to burst big time. The word is out. If you want to invest in anything I'd say invest in trade schools.

[@ineedhoez]

Establish a daycare!

[@renegade9777]

They'd be rich as f, ngl!

[@SynFlowers]

Tactical Crusader trades are the future. Everyone knows computers, no one has any skills.

[@jcrowley1985]

She'll make a good crisis counselor, on calling her anyone will feel better about their own life.

[@Youtubeaccount369]

lol

[@lovinthis02]

jcrowley1985 🤣🤣🤣

[@msxeunybunxy]

theres no way she'd be making 100 grand as a crisis counselor lol just saying

[@victoriagarcia5533]

True

[@leilanidru7506]

msxeunybunxy maybe that was the combined household income. I think she said she only makes $40K.

[@bullrunfast]

School prices are insane! Colleges are selling dreams and fancy pieces of paper (degrees)

[@ChrisMFlorida]

Yep.. meanwhile professors and the admins are making bank $$$.

[@bullrunfast]

Chris Vandernaald exactly! Coaches are making a killing too

[@mverma7845]

I totally agree with you.

[@vwalker58]

Ramington Steel I regret going to college!!

[@daviddionne8296]

It's not a Degree hanging on the wall.... it's just a Receipt at best.

[@SmashBrosBrawl]

"Graphics artists engineering". girl, i've got some bad news for you if you think that's a real thing. Engineering implies he took advanced calculus courses, your boyfriend didn't.

[@hollynetzley9221]

Or might be doing the drafting that engineers use in their work

[@jongxina3595]

Boi the calculus is the easy part of the curriculum.

[@merelaartman5046]

Probably a combination of coding and graphic design. Web developer/designer or something like that

[@everydaybodybuilding2282]

SmashBrosBrawl she said graphic arts AND engineering. Most likely an engineer by day and side hustles in graphic arts. Not uncommon or weird.

[@MegaClemie]

@CNO really, I'm a chemical engineer and I'm poor :(

[@chesleigheaton]

She makes it out like this is mostly her husband's fault for going out of state - but his portion of the debt is $166K and hers is $162k! Plus she earns $10K a year less than he does. $162K in loands to make $45K a year! This is an absolute crisis folks. These kids are signing paperwork when they're 18 years old for something that is going to follow them around for decades. It's almost a financial death sentence before you're old enough to drink. Wake up folks, DO NOT let your children borrow money for school.

[@Astro95Media]

I'm already teaching my kids about how this works and they're not even 10 yet. They will NOT go into debt for school like I did. I got out from under it but it took a lot of work.

[@DevHazy]

Even in Oklahoma a LPC can make like 90,000/year so it’s not that bad

[@justinstone4476]

I keep seeing people stating this. You do not sign for 4 (or however many years) of debt when going to college at 18. You are up for loans each year you are in school or during if private loans

[@dustyrhodes2717]

@@Astro95Media10 is wayyy to young lol. Try 16-18

[@jimh9359]

We need to limit the amount that students can borrow based on the amount they are projected to earn. These people should have never been given a $328K credit line.

[@dustyrhodes2717]

We need to not have ignorant people. High school classes need to teach budgeting and saving.

[@smittysmeee]

Agreed, but it's never going to happen. How would colleges and the feds continue making insane amounts of money by keeping ignorant young people saddled to a lifetime of indentured servitude? The revenue from unregulated federal student loans is insane, and they are the only thing keeping two thirds of US universities afloat, as well as the sole reason those same universities don't have to charge affordable rates. Educate your own children. The system counts on them not knowing better.

[@jennys2543]

@@smittysmeee What are you talking about? It was literally that way before Obama took student loans into the hands of the federal government. Before Obama, student loans were almost all held entirely by private lenders who absolutely more restricted the amount of money a student could borrow based on their expected earning potential with the degree. Obama is truly the reason this got out of hand by allowing such easy access for students to take out insane amounts of money which in turn allows universities to charge much more.

[@brijeshkarthik9172]

I'm 22 and I wanted to do my MBA in Australia with student loan. Total money makeover changed my perception of life. Thank you Mr. Dave Ramsey. With love from India

[@TheRealHarsjan]

LOL

[@bruces2665]

MBA is over rated

[@smile4cla]

No you do not want to have kids right now. How ridiculous!

[@alextogo8367]

It's either now or never. What's the difference? This is a decade or longer project. They will be too old by the time there debt free. If there really committed.

[@jonmedic6953]

Bad advice.....kids are in fact expensive. Ask anyone paying for child care or child support.

[@carultch]

The best financial advice about having kids...ox yourself and don't.

[@taylorsmith9629]

Dave saying “kids are not that expensive” is insane.

[@tossowain8963]

I think this is more of a religious perspective rather than an accountants perspective

[@juliancain3872]

Birth, papers, diapers, food, short maternity leave for the mother if you even have that, I worked 2 jobs 16 hour days six days a week while my wife was pregnant. Then pouring over a house payment into daycare, I thank god everyday that my mother-in-law at the time opperated a daycare. And at our baby shower we had a raffle for a $100 starbucks gift card all you had to do to enter was bring a box of diapers, and buying some everytime we went out to the gorcery store and adding a month to sizes each month, we were stocked for months.

[@davester1970]

Go to trade school people!!!!!! College has become less and less worth it financially to attend. Even if one is majoring in a STEM. There is nothing wrong with going to a trade school to become electricians, plumbers, auto and diesel mechanics, AC technicians, etc. These are real world in demand skills that pay well and they do not take 4-8 years of your time to get working. Many of those who do go into the trades can end up working for themselves if they are enterprising enough.

[@erikgonzalez2278]

David Reynolds I went to community College now going to trade school no way I'm paying university tuition.

[@davester1970]

Smart man! Way to get more bang out of your time and education dollars.

[@outdoorsnevada4138]

David Reynolds uncle paid $15,000 to learn to be a crane operator. Making $70,000 a year now. Dang straight people should go to a trade school. So many trades pay 50k+ a year and it costs less than many people pay for an associates degree lol.

[@davester1970]

Isaac Spencer - I would have given you and your uncle 10 thumbs up if KZbin would have let me. Way to go uncle! For the price I paid for a brand new 2010 Toyota Yaris, your uncle went and learned a valuable marketable skill in only a fraction of the time and cost a typical college student would take to get a bachelors. He gets paid more than many professors who teach college. I have a nephew who is just starting his sophomore year in high school. Me and his mother (my sister) are trying to steer him in the direction of going to trade school. It was my sister and her husband that initially wanted my nephew to go to college, but seeing how God awful outrageous the cost of college has gotten, they have both became quite receptive to my trade school suggestions. I tell my sister that while many of my nephew's little friends are going to college and racking up student loan debt, he can be out in the real world after a year in trade school and earning good money. The main problem with college regardless of the price tag is that one isn't earning and producing anything while in school learning. My nephew could be making $50-70k per year before he is old enough to legally drink.

[@workingshlub8861]

trades is the way to go..i work for a company and also have plenty of side work.. i have NEVER been out of work in the 22 year i have been able to work.

[@saladbar21]

Stories like this make me glad I worked through college and applied for every grant/scholarship I found. I just graduated a few weeks ago with zero debt. It’s such a good feeling!

[@alextogo8367]

Bravo! What's your mayor in?

[@joshlemons3662]

I see these thumbnails and I think “oooh this will be good!” 😆

[@Musiqman76]

Kids are not that expensive!? Really Mr. Ramsey?

[@glenn8861]

Dave will flat tell someone making 40K and owes $200K in student loans that they can still have kids, because he’s a religious man who doesn’t believe in condoms 😂

[@oneeyedman99]

I know this sounds snarky, but if my marriage was in trouble and I was looking for counseling, I don't think my first choice would be someone who took twice as long to get her credential as she needed to, and racked up $160,000+ in debt while doing it. I would prefer someone with a track record of making good decisions in her own life.

[@gstgo15]

Kids are not expensive?? What a joke Dave...

[@emmareilly6477]

It's when they become teenagers, that's when things start getting expensive.

[@amandahaak5077]

My first thought too. Expect the unexpected with kids. Especially if you have a child with special needs.

[@floored3078]

Kids arnt to bad, $200 a month in formula and $100 in diapers and wipes. 2nd month strong and I'm 22, starting college this year. Wish us luck. :)

[@Artchred]

Alvin Geroy 😩why have kids to early!! Enjoy your young life, travel and take trips! I’m 32 and still not ready to give up the travel life. Haha

[@floored3078]

Artchred We can do anything with our baby that we would together, Were not really the party type. It's Amazing having our Little girl in our life, she's only 3 months now but she smiles so big and is so very happy to be here. My partners parents had her at 32 and they are 60 now, she really grew up with grandparent parents lol. We wanted to be young and in shape with our baby, People say women get huge after pregnancy, my wife lost 30 pounds lol.

[@jlewsd]

Pack up and move overseas to a remote location. Start your lives over.

[@mr.dccomics9018]

I'm Truck Driver and I made 80k last year...

[@kevinj8431]

MR.DC COMICS working a ton of hours sitting in a small space lol

[@mr.dccomics9018]

Tom & Mary I guess....but its good money. Plus I'm almost done paying off my house. When I'm done with that I'm going back to school financially free...no student debt for me...

[@mr.dccomics9018]

Life is too short to be in debt forever. I got a house almost paid off. Money Saved up for school...and I'm still young. Don't knock it until you try it. Or you can stay at your 9 to 5 and be paying bills forever....not me.

[@mr.dccomics9018]

Alolan 4 life Exactly plus people fail to relise that you don't have to do the job forever. Stack your money. Pay off your debts and enjoy financial freedom after.... Once my house is payed off I'm going back to school financially free.

[@mr.dccomics9018]

ucf1999 I won't be a driver at 65....plus I'm going back to school.

[@anthonypayne4685]

The army national guard will forgive up to 250k for clinical psychologist plus drill pay is an extra revenue stream

[@SVSky]

Officer pay nothing to shake a stick at.

[@mph5896]

How was that college experience, you'll be paying for it the rest of your life

[@mauricemaurice123]

m ph lol thats not nice

[@mph5896]

If ONE person reads my comment and it changes their mind not to spend $328,000 for degrees that should have cost $60000 for both my comment is well worth it.

[@illegalalien6542]

Lol no one cares

[@rachelmanavi4819]

King Beowulf you should

[@Michelle-xk9gl]

Why plan on having children if you're going to have someone else raise them.

[@turdferguson5847]

Because the average people don’t think

[@JB-kx9bx]

Most working couples use day care. Most of my friends are two engineer couples making over 200k/year combined. No problems using daycare for them.

[@turdferguson5847]

@@JB-kx9bx that isn’t the case with most folks.

[@bestly802]

I used to do graphic design and I didn't need any degree for it. $30k a year, no degree, no debt. They hire you if they like your portfolio/skills. Just learn it online. You can even get certificates/Associates degrees from community colleges which would only cost maybe $1000-5000 tops or even free if you have financial aid. He made the mistake by going to a for profit college that charged $40k a year to get a useless BA degree.

[@jimbeam7248]

30k a year is still a really low income degree or not

[@everydaybodybuilding2282]

Viet PopLove pretty sure the husband is an engineer with a part time graphics design side hustle

[@blackhawksurplus]

The Evil Kermit side of me absolutely loves when these people with six figure student loan debt call in.

[@stuff1784]

Yes!! 👏👏

[@joslinnick]

Let's say that they are able to throw $40,000/year at their debt, hypothetically. They will take 8.2 years to clear their debt if they lived in a hypothetical world where interest payments didn't exist. Let's say that their total student debt is sitting at a 5% interest rate, they will pay $16,800 this year just in interest. I think that Dave is being optimistic when he says they could clear the debt in 4-6 years.

[@Oscar-jp4jb]

They grew up in that decade (or decades) where colleges and universities convinced them that college was a sure investment, and that going out of state in order to experience an exciting city during their college years would be the time of their lives.

[@Pappythewise]

It's amazing how the people watching these videos and making comments are so judgemental. You don't even know these people but you assume what they will do in their future. "She will probably be working part time or have no job at all in a few years..." You don't know that! You don't know her. And with the people saying they make 72,000+ a year without a college degree, everyone assumes they're a truck driver or the oil field. Again, you don't know that. Even if they are, so what? They don't have a pile of student loans. Quit judging people based on your closed minded little world.

[@jazsmans9523]

Pappythewise thaaaank you I was feeling so disgusted until I read this comment

[@jasminecontreras7341]

This is the best comment!!

[@SuperJcclark]

Dave Ramsey: Kids are not expensive Literally everyone: 😳

[@cali7150]

I have about 20 thousand dollars of debt car included and feel so overwhelmed I can't imagine them. I hope the best for them.

[@bryangomez1384]

kids are very expensive, what is he talking about? Also, clinical counselors do not make 100k, I'm in the same field. It will be closer to 55k with only a masters degree. Also, I hate when he rounds up figures, talking about the husband makes 60k, when she clearly said 55k, not to mention she probably rounded up that figure already.

[@ittakesavillage5461]

Bryan Gomez what makes kiddos very expensive?

[@whitneyw.7919]

Daycare!

[@bryangomez1384]

Daycare, food, clothing, light, water, requiring a larger living space, higher dental, vision, and medical. I mean the list goes on and on.

[@drudometkin]

No they're not that expensive. I have 4 kids and a smart stay at home wife. Daycare and private school is expensive but you don't need that.

[@whitneyw.7919]

David, you think it's cheap because you married a woman who's willing to dedicate her life to unpaid labor. Calculations based on assumption of an unpaid worker(doesn't happen in the real world) is not the way to calculate the true cost of a financial situation or investment.

[@rn6710]

No, mental heath counselors with master's degrees don't make $100,000 a year. We make $60,000 if we're lucky once we get licensed.

[@TheBlackDorothyZbornak]

I do, sucks for you.

[@combatspeed6392]

Run a private practice and you make tons.

[@What2expectinthehospital]

What does anyone think about high schools mandating 1 class on finances, loans, and cost to benefit analysis for colleges and careers?

[@Leocomander]

150k to cross a state line wow how horrendously dumb.

[@Goshawk-zh2pt]

I never knew how people could have THAT MUCH debt without a professional degree...then I looked up out-of-state tuition for Big 10 schools. That guy must have had mediocre grades in high school and hence received zero financial aid.

[@desertguy1362]

I love Dave but Dear god man why do you never take into account taxes with income. He always uses gross income not net. I understand his reasoning but taxes do exist.

[@bryangomez1384]

HAHA, that drives me crazy about him. I'm like they're lucky if they're taking home 80k net total after taxes, and it's probably lower.

[@TippyPuddles]

No expert, but I'm sure they can claim interest on student loans on federal taxes.

[@bryangomez1384]

Ann, you're right... you're definitely not an expert.

[@bangladeshirealtor]

Ann one has nothing to do with the other lol

[@Vinhthitheu]

Kids are expensive. Daycare, food, diapers, activities, clothes can break your bank account if you don’t manage them carefully. Dave must have had someone in his family take care of his kids :)

[@triad6425]

Oh they can totally do this. They live in North Carolina. They can easily live on one salary in a one bedroom or studio apartment while they knock out the debt. And if they each do overtime is will go even faster. It will be rough but luckily they don't live in an expensive area.

[@sheismoonfeather]

TIME TO GET CREATIVE...look into opening up your own at home business. Entrepreneurialism is waaaaaay understated. There are alot of options out there, do your homework. Good luck!

[@ineedhoez]

Dave: Kids aren't Expensive. World: Your Evangelical is showing.

[@boxfox1239]

Kids aren't "expensive" its said better as, you have to grow up budget and miss out on fancy pants and materialistic things.

[@katrinaumana2127]

Good Lord, I got my Master's Degree in special education while working full-time from GWU for $14,882. I have paid off my Student Loans, and 15 years 🏡 mortgage. And have no other debt.

[@zunaiandre2341]

Katrina Umana you might be old

[@icereidy6586]

Katrina Umana congrats girl

[@ariefraiser140]

GWU? As in George Washington University? I got my masters from there in 2004 and it costed $1000 per credit hour which was one of the most expensive in the nation at that time. For $14,000 for the entire program I'm guessing you went there much earlier?

[@mohafaraar1]

This is so painful. Hope they make it

[@joshanderson7880]

"Yeah... I'm gonna have to put you on beans and rice."

[@VermilionCandles]

By the end of this year I will have about 9k in student loan debt and I stress out about it! I can’t even imagine having this much debt. I hope they can get through this omg.

[@nicholassmith82]

To carry that financial burden between a married couple is unfathomable. Godspeed to you both. Live life with no regrets and hold your heads high.

[@edermitt]

"Live life with no regrets"...That a nice platitude but it really doesn't help in this case or in a lot of cases for that matter. This particular couple are probably going to have "regrets" for a long time.

[@franceswalker2627]

I don't see how they would EVEN qualify for a MORTGAGE because of their HIGHER debt-to-income ratio.

[@bruces2665]

$100k pretax = $75k take home after taxes, SS, and health insurance.

[@Jordan-nj2ve]

That moment when we realize we MAY have overpaid "just a little" for some degrees... lol

[@KP-mo1hg]

The look on his face when she said "neither of us "....maaaaaan I felt that

[@anilKumar-vy3rw]

Great work sir

[@5.3david17]

I’m a high skool drop out with no students loans with a 50,000 truck and making 4 g’s a month cutting grass doing landscape🤔

[@johnzabik270]

David Masariegos-Rico and you will be cutting grass all your life.

[@trihuynh9038]

so whats wrong with cutting grass?

[@daruru4344]

Congratulations?

[@ImOldandSoAreMyBooks]

Poor babies. It will be years before they can work themselves out of that mess.

[@andrewmorse4224]

My BS in computer science put me -32k in debt but I earn 75k as a junior software engineer. While I'll admit my debt is high I ride a bike to work and pack a lunch only because I was so use to living poor my whole life. I don't understand how people get into this much debt, it baffles me.

[@charkswitlazers]

Wow. Makes me really appreciate my life choices. 23 years old making 85000/year with no degree or debt other than my mortgage. Not bad considering I used to be in and out of juvenile hall as a teenager.

[@kend9388]

What do you do for a living? 85k is up there.

[@TB-vb3ov]

@@kend9388 Yeah at 23 only a few jobs I know pay that money at his young age. I'm about 30 and only make 70k with a trade cert.

[@kend9388]

@@TB-vb3ov Yeah likewise.. I'm also 30 and make about 50k with certs also.

[@kend9388]

@TheLifeBidder Well for nursing, engineer and accountant you most likely need a degree. Not so much for softwate dev. But I agree it's not about how much you make. It's income coming in vs bills going out. Save and make wise decisions.

[@tinarussell6656]

Getting fully licensed will NOT get you $100k.....not a clinical worker. Where she is ....is where she'll stay. Being a clinical worker without a PhD is basically being on welfare

[@tinarussell6656]

Sara Copeland .....Are you serious?. Without a license?. Wow......!!! My apologies on my earlier reply. I'm on the East coast and that is incredible. Without a license, you'd make out better being ON welfare than getting that degree with no license. I stand corrected. I'm a Doctor of Health Science specializing in Global Health Epidimiology and I work for the government and I didn't start with that. My hat's off to her and thank you for your reply. I think I'm moving. Wow

[@TB-vb3ov]

@@bryangomez1384 Okay I live in CA and have family on the East coast. It depends where you live but most states the cost of living will be significantly cheaper. 70k in CA is still more then 40k anywhere. There's cost of living calculators so go do some research. Maybe 50k some in comparison to some, but that would be the worse cost of living comparison. Cars, food, gas, going on trips, insurances, they are not much different nationwide. Only major difference usually is housing prices. But even if you compare a 200k house on east coast to a 400k one in CA. The difference in mortgage may only be around 1k a month or 12k a year more.

[@felicityhappy919]

How do you get approved for a loan for so much money? I think they offered $5,000 a semester tops! I'm just flabbergasted how much loan money students end up getting.

[@whitme100]

I appreciate that she was honest. I am glad to see that I am not the only one and I have kids.

[@chrissalley9468]

Some people pursue degrees for praise from people and ego and never have anything to show for it. This couple will live in debt for life

[@Sijray21]

Calls like that give me anxiety...

[@jcrowley1985]

I'll say it again, we need to make student loans dischargable in bankruptcy like any other debt. That will bring prices under control .

[@psychoof78]

jcrowley1985, as long as their degree is wiped from the records as well, I'm all for it. I would prefer seeing loans like this banned from being written in the first place. That would bring prices down.

[@jcrowley1985]

Sure, that would be no problem. The whole point of making them dischargeable is to lower the possibility of a borrower getting that far in the hole in the first place. Lower tuition rates due to less guaranteed loans will help people pay them off easier and not getting to default in the first place.

[@2themaster]

The government needs to stop cosigning for these loans!!

[@jcrowley1985]

The only reason the government cosigns them in the first place is because they are non-dischargable. So that would just be a side benefit of allowing them do be discharged.

[@4acrehome168]

I'lll go one further, no more government loans. you either go private, or pay for yourself, thats what ballooned the prices so much in the first place.

[@AyoCoat]

Dave is a great guy

[@CreativeMonsterx]

Wow this is crazy!

[@JeneferLicet]

This is scary. I feel grateful making 110k base income as a Software Developer with no need of a degree. Only online course for about $10 each and developing a lot of projects. Becoming the best I can be in my field and getting paid for it.

[@adonisbleach4212]

How can I get into software developer? I'm not really good at computer programming and I'm 20 years old.

[@Relic_of_You]

She spoke right through at first, and Dave didn't get to say "better than I deserve....." I'm already thrown for a loop.

[@jimmieparks4507]

I always chuckle when he says beans and rice.

[@whitneyw.7919]

Kids are expensive all things considered! It would not be a good idea for these pple to pop out kids. Dave is not honest about the costs of having kids-probably because his wife never worked anyways. These pple can't tackle 350k in student loan debt while they pay daycare or the dad stays home,etc. and they now have a 50-100k income.

[@Theraceagainstmyhealth]

We just had our first and have $24k in wife's student loans and it feels like we have just enough money to meet our obligations and pay extra on debt. Couldn't imagine having an amount that huge and less income.

[@macneoh7418]

"Kids aren't that expensive". - A man who obviously never paid child support.

[@mauricecooper9016]

Lol are you saying that as paying child support is a badge of honor?

[@sfeldman25]

This is nuts if they cant pay it back , they cant pay it back. The issue is the cost of education and the cost to live and salaries made. This is terrible.

[@shawns122]

It's interesting to watch these older videos where they're being told to keep renting and here we are in 2022/2023 where rent is exponentially higher than owning a home

[@bruces2665]

not really

[@mikebarker6979]

why does Dave never factor in interest when calculating repayment time? 60k a year will not pay off 300k in 5 years ffs

[@thaddiusglunt2424]

Because he's only good at simple math.

[@Sims9395]

Children do break you financially

[@MBarberfan4life]

I'm so glad I don't have kids.

[@Blaccsparrow]

No college and I make over 100k a year. Why does everyone think college is just the way. Don't get me wrong I'm all for education but I know so many people with degrees that don't even use them

[@z7zyn]

The college education and student loans are such a racket. Children are entering adulthood with hundreds of thousands of dollars of debt. This hurts more than them. It’s hurts the economy when you have an entire generation that can’t buy anything, that hurts a consumer driven economy like ours.

[@beng4151]

They make 100k, but that's before taxes. They MIGHT make 70k.

[@sunshinelawfan7693]

Master's level counselors in North Carolina can count on six-figures? Really? Sounds more like the pay scale of doctoral level professionals. Hope she vets those numbers before banking on a jump to $100k+ per year.

[@holpster1009]

I'm a CPA and think Dave Ramsey can't do math. Here's some quick math: 100k married filing jointly equals take home pay of $80k after taxes. 5% interest on 328k is 16.5k of interest per year. If they put 60k on the debt, they would be living on 1,667/month?! and only denting the student loan principal 43,500/yr after subtracting interest. Make it make sense!

[@johnadams3418]

328K total and 166K from his out of state tuition. That leaves 162K for her, so what is her excuse? A private school?

[@bruces2665]

living large, new car, vacations, off campus housing...

[@CreativeMonsterx]

Hey in all honesty where in the world did they go to school?

[@AndreaJaydn]

I am still having to do the math for everyone that asks why I quit going to school to get my degree for marriage and family therapy. I make more doing medical billing than I would with a degree and at no point was I expected to do free labor. I can help people in other ways

[@alex5308]

328k/60k per year is 5-6 years... not including interest!

[@internalthoughted1721]

Right in my neck of the woods can say if you do do out of state. Get in and get out all the extra years will Just cause it to pile up. I went to an hbcu and messed around and did two extra years

[@TERRORIZERRRR]

Lol I'm a High school drop out making $72k a year. Just more confirmation that college is a scam

[@brianyun249]

TERRORIZERRRR Your case is considered lucky. Most high school drop outs are in the streets. Because of one rare case, it doesn't make the entire higher education a scam.

[@Acinc-lr2jp]

TERRORIZERRRR Ok, I applaud you no doubt you worked hard to earn that pay. Your example is one of the few exceptions. What kind of job do you have.

[@TERRORIZERRRR]

Brian Y. It's not considered luck. Going to college and earning a degree is not the be all and end all to making a great living. The average person is conditioned to think very basic and think that getting into a high student loan debt is going to be worth it. These people have shit degrees and make shit yearly income and are $328k in debt, not very smart. Not every high school drop out is in the streets as you claim a lot of them are making money. The media is just telling you other wise so you keep borrowing money.

[@bradstarnes5037]

TERRORIZERRRR and I guarantee your job is not stable. More than likely you work oil, or railroad , or something of that nature where eventually you will be laid off and out of a job

[@NorwichGrad97]

I believe you. I have a friend who dropped out at 8th grade. He makes six figure. Good for you!!

[@goodday1209]

These are COLLEGE GRADS?? Lol!! Do these people who go to college do any cost-benefit analysis before taking out all these loans? Duh? Me thinks they need to go back to junior high school to learn math!! 😂😂

[@WhiteLionWolf100]

I went to college for a field that is more about passion than money like her, but I graduated debt free and have very little debt (i.e. Car loan). So, some of us are definitely making sure we aren't getting buried in debt in a field that is limited in income but needs education and training.

[@lcmichaels7215]

with the new math taught by liberal junkies nowadays....they probably are shown how it works, because remember 2+2 can equal 5.

[@brianbk7823]

You obviously have no idea how much of a joke American education is. Schools never teach kids any common sense things like this. Well, America in general is a joke for many reasons.

[@richardrodriguez8844]

I think both or the husband has a graduate degree. Theres little assistance there, but 300k in loans is crazy. That's a house charge.

[@anishpatel8358]

These genuine make me feel better about the decisions I've made regarding my loans.

[@Birkinbag09]

Daves poor face is classic!

[@hikariyuki9936]

Just going to put it out there graphic design isn’t engineering... so... is he a graphic artist or a computer engineer?

[@GamerNRetro]

This is gunna be good.

[@marlak4253]

I completed a doctorate degree at a for-profit online university, Walden ScamU, and after charging me over $300,000 in student loan debt they refused to complete my dissertation and degree certificate despite my 4.0 GPA. This was a literal theft of my $300000 doctorate degree which would have brought me minimally $75000 to $100000 annually. The damages are insurmountable and so far no way to have my circumstances addressed. No loan forgiveness or damages paid.

[@sophsophschannel8473]

This is sad, I have no student loan debt with no degree and bring in 86,000$ a year as a courier net, shows a lot of these degrees are scams.

[@markymark7222]

I love when he just throws out numbers like well how much you gonna make? before she can answer 100k okay with 100k you should be alright. well thanks dave.