Borrowed Future | How Student Loans Are Killing The American Dream

[@TheRamseyShow]

Find Ways to Pay For College: www.ramseysolutions.com/shows/borrowed-future-documentary/students/ Get Rid of Your Student Loans: www.ramseysolutions.com/debt/student-loan-debt-hub.html

[@mikegee8875]

Instead of going after the so called greedy oil companies and gas stations making big profits, why doesn't our special needs POTUS go after the greedy colleges and their always increasing tuition?

[@livefreeordie5769]

Thank you Dave Ramsey.

[@cmritchie04]

I want to start a youtube channel and have that offset the cost of Private education 2nd use my part time employers college funding

[@BOSTONROCKFAN5150]

Dave was right, Student loan crisis is a parenting crisis in the American culture.

[@wonglin242]

!a

[@claudiasmith039]

Thanks for letting the public see the movie for free, appreciate it. 👍

[@Mike-tk8ou]

Its been out for about a year now behind a paywall at ramsey solutions.

[@jaijai1132]

As a finance professional, I’m here to tell you, I have lawyers making $400k per year that are buried in Ivy League debt that is eating them alive. On the other hand, I have teachers and customer service reps that are financially free and living comfortably. Four years of college bliss can easily turn into a lifetime nightmare. Don’t forfeit your future for four years in that dream school if you don’t have dream school money.

[@violettapatapenka9880]

I don't understand the math. How come they can't easily pay off their $300k debt in 2 years if they are making $400k per year

[@jaijai1132]

@@violettapatapenka9880 lifestyle creep. Now that they are big shots, they buy the house, the car, the vacations and attend their friend’s destination weddings. The image matters more than the logic.

[@W0BNC]

@@jaijai1132 you nailed it.

[@lyndahammel9502]

​@violettapatapenka9880 they need to live on beans and rice, drive old reliable cars, eat at home, no vacations and put every extra dollar toward paying off their student loan.

[@danielkisero2104]

@@violettapatapenka9880 because half the salary goes to tax, mix that with influx in cost of living, credit and family then the numbers go down

[@jenfreespeech3889]

Throwback to when I looked up information about student loans on KZbin and got Dave yelling about how stupid they are(and also explaining why). Graduated debt free in May 2022!

[@jdagrees9609]

🥰👏🏾 Congratulations

[@VS-fo9py]

Congratulations Jen! That’s anazing

[@Aswaggoner]

I got out of prison, I mean college with only 5k owed. I consider myself lucky.

[@chrisconsorte7893]

Good for you!!! I too graduated with my MA from SJSU without any debt! I've been eternally grateful for it!

[@chrisconsorte7893]

@@Aswaggoner you are very lucky!

[@jheydizzle22]

Every high school in America needs to show this video to their students

[@peanut1931]

What I like here is that these aren't people who studied some obscure degree sitting in their parents basement complaining about their loans as some people try to portray them. These people studied for degrees where they should be able to find work, pay back the loan, and contribute to society. This is who is being ripped off by this system.

[@brianmccain8818]

Yeah but...the one young girl went to NYU for $75k yearly for a music degree. She is going to be burdened for the rest of her life. The other girl decided her love of Duke wasn't worth $300k and will probably never regret that decision. The orthodontist broke down in tears about his debt and paying it back. But in the time between the footage and end credits (1-2 years?), they paid off $400k!!! I bet Dave sat down with him and got them on a serious debt freedom plan.

[@telisiabrown2858]

@@brianmccain8818 truth

[@thehussarsjacobitess85]

Some of them. I truly appreciate the nuance in this documentary. There are plenty of ridiculous, entitled people here, but also people who were gamed by the system. They needed the degree, and the degree was inflated by the long-term interference of the federal government.

[@backyardwanderer16]

Got $35000 in debt for my first degree that I don't even use. Paid it off with a near-minimum wage job in 2020 and on I'm track to graduate with my associates in nursing, debt free next semester... I'm going to find an employer to pay for my my BS if I decide to go on. I got out due to a lot of sacrifice and hard work. Never again.

[@pep590]

Way to go Helen! Your post made my day! You are the STAR of Rock Stars! 😃😃😃

[@Buttlather]

How many years did that take on 15k pre tax income? Like how did you pay for food and shelter?

[@cameronpatrick8489]

Good job

[@johndavidjones7475]

I was told that the only way out of poverty was a college degree. I enrolled in the income based repayment plan and now 24 years after graduation I owe more than the day I graduated. I wish I would have had seen this before I enrolled. The American Dream is a nightmare. I will never be free of this albatross around my neck.

[@cindyricksgers6478]

Follow the financial peace seminar from Ramsey solutions. All the videos are online. These baby steps will free you. You can do it!!! Believe there's a better way.

[@Musicienne-DAB1995]

You were deceived. I am sorry. But you CAN get out of this!

[@jasonbeil7093]

This makes me feel like America preys on the working people like it’s just a giant business we don’t have any ownership in

[@maryrenaud6732]

Sorry to hear it. However, I thought the loan program was to forgive the remaining debt after 20 years of payments? Although it may apply only to newer loans, but surely it is worth checking into.

[@noahkincer9344]

Good on Clayton for realizing that wanting to have fun didn’t mean college debt is worth it! That’s a tough choice that he will be thankful for!

[@Chele-nm4qx]

He was the one I was really worried about. I don't think he was going to take this debt seriously so I hope he continues his journey debt free.

[@souldancer06]

I’m so grateful that my parents wouldn’t allow me to take out a loan to go to the school I wanted to. At the time, it was devastating. However, they helped me financially go to a college in state and was able to graduate debt free. What a life changer! I was able to start my life free! I watched all my friends struggle with paying off loans and we were all doing the same thing no matter what school we went to. Most people do not even use their degree.

[@Musicienne-DAB1995]

'Most people do not even use their degree.' THIS! This 100%! The quality of degrees as declined (in line with general decline of public education), yet the cost has gone UP! Massive confidence trick.

[@Musicienne-DAB1995]

@@museumsgiraffe8423 And many of those who do get the degree in four years will then go on to do second and even third consecutive degrees, thereby racking up even more debt.

[@stonecutter74]

Come on it's like having a pet people seem to like pets

[@aboutface102]

You're so lucky you got that rare thing called 'good parenting'

[@bps7209]

I’m now happy to have a dad who put me to work at an early age and learn by some amazing people in my life. I’m glad to be retired debt free and making it without college. I do remember visiting my friends in college and envied them then, because they were living the dream. The best lesson I have learned is to never be envious, it’s a horrible trait.

[@bolt7047]

They ain't living the dream now seeing they have student debt and you don't lol.

[@Musicienne-DAB1995]

You're so right. You NEVER know what "the other side" of somoene's apparent success is.

[@kandice8036]

Walking into life debt free! Thanks to all contributors who worked on this project. Prayers and hard working plans to overcome everyone! 🙏🏼

[@kimberlyf.4130]

I'm making my teenage daughter watch this tonight with me. I will not let her fall into the debt trap.

[@Musicienne-DAB1995]

Amen!

[@garrettspeakeasy]

Didn't go to college instead went navy and learned what it meant to work hard. Now learning to be a welder. So glad I never go into debt

[@BriannaNicole____]

WHATTTTT THS IS AMAZING. Dave Ramsey film on student loans!? This man is changing the world, thank you for bringing this problem to the front of the line!!

[@jimmyg.]

Not the world...just America. The rest of the world doesn't lump their people with ridiculous loans.

[@Craig_Alexander]

Not owing anyone after owing a lot is a crazy feeling. I sometimes check my loans from time to time to make sure they are still completely paid off as if this monster came back to life. Frugal living brings peace

[@Lovingmylife24]

It was really sad to hear the teacher talk about his degree as a symbol of pain. A very good motivator for me to help myself and my kids have a plan for paying for a college education. I would not like to see them living in misery like that.

[@Blestmama7]

The videography, graphics, music, creativity on this project is outstanding! Kudos to all! Love it ❤

[@ljr9365]

Probably took someone with a college degree to produce this!

[@QuesttoFIRE]

20:11 happy to report I have finally paid off that debt as of a few years ago. It was a grind… but a big relief. And now I’m free to pursue financial independence.🎉

[@inverted3rd]

Got a job and used tuition reimbursement. Took 12 years to get my degree but graduated debt free.

[@TheUzamaki1234]

Respect

[@mrperu007]

Man that guy with the lawnmower hustle is going to be successful. I can already see it. Props to him

[@rajah7855]

and his mother ❤

[@chadmorris7297]

First I want to say Thank you for sharing this on KZbin free of charge. I would also like to say thank you for changing my mindset on money in general. My wife and and I were 224k in debt including our mortgage in 2018. We are now less than 140k in debt and have cash flowed our daughters post high school education and are currently cash flowing our son’s degree in pro flight which isn’t cheap! Thank you team Ramsey for all you do

[@CafecitowithDrT]

I wish I would’ve known this sooner in my career. I graduated with a doctorate degree in 2016 with 110k in debt that has gained interest over the years. I’m finally following the baby steps and am trying to pay them off in the next 4 years. Aiming to be debt free by 40. I wish this documentary existed when I was 21.

[@meggrotte4760]

I can clearly understand. I'm moving back to asia so I could pay off my student loans I should be done in thirty months. I will be 46.

[@gmbiasco]

I only took out student loans for my Master's degree. Thank God I got rid of it YEARS ago. I've seen this moving 2x, and it still makes me sick. Thank you for making this video the world needs to hear this information

[@tgp9496]

This was a fantastic documentary...To graduate debt free, most students should attend a community college/in-state university, take CLEP/DSST exams to knock out common credits, apply for scholarships, take online courses to cut down on transportation/living expenses, and ONLY take classes from a REGIONALLY accredited school. National accreditation institutions are trash.

[@GGGarrison]

Excellent work here guys. I've been telling young people this for 30 years - to no avail. We need skilled laborers, craftsmen, builders, etc.

[@Musicienne-DAB1995]

Exactly. If the money had been diverted towards this kind of training, then there'd be no reason to rely on mass immigration to plug a skills gap that doesn't really exist.

[@E3fieldservices7144]

I went to a trade school to be diesel mechanic worked 5 years at a dealership which paid for my school got me experience and specialty certifications I own my own shop now and am one of the only shops in my area that excels at troubleshooting the emissions system on the modern diesel engines and I can get it in and out in half the time the dealership can people are willing to pay the extra money for a quick and quality turn arou

[@matthewc9806]

You can make 25 an hour about a year out of high school working irrigation. 300 bucks to get certified and trained. Even more in trucking or plumbing though you'll pay more for it. Still, it literally takes 1 year MAX to get trained.

[@isaacwilliams153]

My parents took FPU when I was 6 and got out of debt. I grew up with the Ramsey principles and went to 4 years of college and 4 years of graduate school without student loans, and it was not paid for by anyone. No handouts. I did it with scholarships and working 2-3 jobs all 8 years! I worked my tail off at all times and my friends said I was crazy but it is SO worth not having any payments! And I still had a ton of fun in school!

[@northernnortherner8749]

In the 90s, there was a monstrous amount of pressure to go to college. TV shows pushed it hard. And working on exhaust manifolds was considered subhuman almost. Now I don’t regret my accounting degrees and my accounting masters, but that 80k in student loans sucks. Now, we are in BS2 and working on it, but student loans are a long-term mess for a 4 year program. Now I'm going to finish my MBA next year DEBT FREE for that program. And then I want to start a clinical mental health program, but that will also be debt free. Or it won't happen. Good luck everyone and God bless.

[@sallyb4699]

This should be played in every high school all over the world. Here in the UK we too are heading down this rabbit hole Thank you Dave and your team so much for everything you do. 🙏

[@cocacolalada]

Can you explain more?

[@roger9463]

Not every country is as silly as USA is…..just a crazy setup

[@crissydv1]

I won over $13k in scholarships in just my first year! They’re so overlooked and undervalued it’s ridiculous. So glad I did that and graduated debt free from college, I can’t imagine the shackles my peers have for the same education.

[@Scheler1989]

Great job Ramsey team! Thank you showing it free. So sad that student loans are big business. Years ago, when I had student loans, I asked for a 3 month forbearance, was told no payments, but interest would add on. When the payments restarted and I saw the big jump in interest and payment, I knew they were not my friend and got gazelle intense to pay them off. So grateful they are paid off. Told my own kids, debt for college is off the table. Hang in there borrowers, take one baby step at a time. Stay strong.

[@CyberGlitchGamingYT]

This has to be the most eye opening video I have ever watched and now I’m going to strive to work in order for me to be debt free. Thanks to everyone involved !

[@mmccown1]

I have learned far more on KZbin than I ever did in college. It's not even close

[@staceystrukel1917]

Me too

[@jonathanprice805]

I cried during this and it is so sad. I want to be like the Ramsey team and due every can to help people stay out of this and be debt free!

[@Musicienne-DAB1995]

Same here! This is one of the biggest emergencies of our time. So many millions of lives are being ruined.

[@GardenerEarthGuy]

I'm shocked that KZbin hasn't taken this down! Thank You Dave

[@sagitarriulus9773]

I went to a CSU and got federal student loans as an 18 year old fresh out of high school. I knew at the time what I was getting into and I understood this money had to be paid back in full and was one of the motivations for me to get up and try every day because I knew those loans would drag me down. The student loan repayment pause policy made it even easier for me pay my loans off before I was paying double each month just so I could get at the principal. And In just two years I was done each pay period I put 1000 towards my loans cause an opportunity like that comes once in a little while.

[@xIMissYou1609x]

Thank you for this! I am 32 with student loans and I wish I had taken time to get myself together before I went to school at 19. This will help so many.

[@kunalc248]

Wow, this was eye opening. I realized that I'm lucky to live in Canada and pay less than half of this for all my years of schooling. To those already dealing with loans and trying to pay them off... god bless and hop you can pay that off asap, live debt free and live your life to the fullest. Thanks to Dave Ramsey for this fantastic production.

[@sitingliu1410]

I feel so painful when that teacher cries he is not a good team player because his debt to his marriage. I looked my son, I determinded to save as much as I can and invest as much as I can to never let him run into a situation like this, which was also what my Dad offered me a well education and worry free journey.

[@hberrysc3517]

What an incredible documentary. My son is a junior in high school. My whole trajectory has changed. Thank you God for showing this to me. I haven’t listened to Dave Ramsey in years. This is great timing.

[@shinobixa4]

Student Loan Debt is no joke. It's really is a problem.

[@rickyphoton]

This needs to be shown to every senior in high school before college applications season

[@kingartem]

Thank you for this! Will definitely share to everyone I can possibly share this to! The message needs to be spread: no more student loan debt.

[@John3.36]

Things go in cycles with supply and demand. When the trades are in demand people will pursue them and make money, then when they are saturated with people other areas will increase in demand.

[@dhrh0500]

I graduated high school in 2005, my sister graduated college the same year. I was able to learn from her struggles, and avoided student loans. I didn't know a lot, but I saw/heard the numbers and knew that I needed to find a way to skip the loans. I often wonder what I would have done if I had been in her situation.

[@skylerdylan1005]

This is amazing. Only 20 minutes in but this should clearly be required viewing for all high school students.

[@shaninicole1304]

I graduated from college in 2012 with 13k in debt. I’m so grateful that my Dad paid it off for me.

[@em_rip]

I just recently paid off all of my loans (15k) in a year. I could’ve avoided even more if I worked during my first year of college. I’m so glad I woke up my second year to start paying for school out of pocket. It’s certainly possible to go to school and not owe anything after a short period, but you’ll have to sacrifice a lot and depend on others to get there.

[@zinnyu]

Not even mad I bought it months ago and it is now released for free on KZbin. Everyone needs to watch this!!

[@edy5082]

Yes this should become a PSA now

[@Jordancates1]

I found Ramsey Solutions my senior year of college. Too late for me but I realized quick I'd been lied to my whole life. Thank you for doing the lords work.

[@charitydigioia4429]

is it finally free?!! :) :) :) can’t wait to watch this.

[@nicholeknight1893]

I was thinking the same thing. I've tried to watch it but it isn't free

[@TheRamseyShow]

@@nicholeknight1893 See you Monday night for the premiere!

[@username9999]

@@nicholeknight1893 I think it's only free tonight.

[@alb7727]

Thank you for making this available for everyone. God bless you Dave and your team for saving us🙏

[@jde0505]

Ramsey Team -- thank you for shining a light on an issue that no on else seems to care about. We are setting up young people for failure.

[@Musicienne-DAB1995]

And misery-- and poverty.

[@jayraymond9707]

To any high schoolers, don’t give up on college. If your parents aren’t well-to-do, go to community college, get a job, get the absolute best grades you can. Grants and scholarships will pay for school and your job will give you quality life experience, even if it’s negative in nature.

[@LearnAsYouGo.]

I’m lucky that just a few years ago that I finally started making enough money to aggressively pay down my student loans while also being able to pay my other bills. I graduated 10 years ago & I just started paying more than the minimum monthly payment a few years ago.

[@Seven_Craig]

My daughter is a junior at U of K. Currently she is health science major and hoping to become a Radiologist down the road. Med school is fast approaching. I hope and pray that she finds a hospital network that will buy her loans after med school.

[@Cbass]

“It’s good to have a degree as a fallback plan” There is no fall back plan when pursuing your dreams. You pursue until you accomplish them

[@talzumon101]

This is why I joined the Army National Guard. Applied for scholarships and Pell Grant... now the Ohio State University pays me 5k a semester to go to their school for free.

[@mrsbrillhart247]

Great documentary! I wished this came out in the 1980s when I graduated from high school but failed after my second year in college with student loan debt. Being disabled in 2009 left me no choice but ask to have the debt written off. This documentary should be shown in every high school to teach pre-college students how to attend college debt-free!

[@lbd1co]

Brilliant documentary. Thank you for this outstanding production, to Ramsey Solutions and everyone that contributed to this project including ( and especially the high school students). Thank you for making it free and accessible to everyone. I sure wish I had seen this before taking out loans years ago, and I will share this with my daughter if she wants to go to college.

[@Bamifun]

God is good. Our sons graduated debt free in 2020 and 2024 (this Mother’s Day😊). Hard work and smart choices.

[@megansilvey6439]

Such an important topic to discuss the nasty details of. It’s horrible what has happened to the education and student loan industry. Thank you Ramsey Solutions for continuing to shine a light on these important issues and providing such valuable information and context. ❤️

[@zacharybailey977]

This needs to be shown in high schools across America. My debt is almost paid off within 5 years graduating from undergraduate, and I funded my graduate degree out of pocket and accrued no more student debt in that time period. It’s crazy how I think about money now Vs how I did at 18.

[@charlesemenaker7779]

Very well-done documentary, typical of Ramsey. I am asking my students to watch this. Graduated debt free, it was a great way to start my career and life. Thank you so much for creating this.

[@OneEyedOneHornedGian]

This is a hard video to watch. I'm great full that I graduated debt free, though I do worry about the challenges others may face because you don't know what you don't know and it's kinda scary stepping out into the world, just doing what you think you're supposed to do. It does seem pretty criminal that education and medical debt are exempted from bankruptcy. Sure we all have to pay stupid tax some times, but that is a big hurdle for someone just out the gate of life started with some bad advice.

[@JeremyMPearce]

Amazing film! It’s something we all need to hear at that pivotal point in our lives. It constantly pushes that college/higher education is still important, but debt is not the answer. Well put, and thank you all for making this!

[@Musicienne-DAB1995]

And nor are lower entrance requirements, and puff degrees with declining value.

[@DCuerpoJr]

The cost of tuition has far outpaced inflation over the past two decades, maybe further. I graduated from college in 2012 when the annual cost of tuition was $25,000. Today, the cost of tuition at the same university is $53,000. That’s nearly 7% price increase every year when average inflation, before 2022, was 3.8% between 2001 - 2021.

[@gabec1087]

This is so insane. I will never advocate for my children to go into student loan debt.

[@impishmisfits6960]

Totally off topic but Kristina Ellis is just so beautiful and sweet. I just love her ... she's such a wonderful influence and has the beauty and brains to go with it! Its so sad how much these loans are taking over lives! I love how Kristina said they're leaving college "IN CHAINS" .. that is so true and so unfortunate :(

[@jaylisjayla]

This needs more views, I have a bachelors and not even using it, 60K a year and my debt for my bachelors is getting 1K in interest fees a MONTH!!!! I at this time do not see how to get out this debt. I wish I knew then what I know now.

[@atorres11720]

Dang

[@JeremiahTate]

You got this! Become ruthless about paying off your loans. It is one of the greatest feelings in the world to have them paid off!

[@wallflowercommenter3610]

Me! I refuse to go back to grad school until I can pay off all my undergrad loans

[@JeremiahTate]

@@wallflowercommenter3610 THIS! You might even be able to get your job to help you pay for some it. I have some friends that were able to do it that way. Excited for you!

[@CosmicBreadBox]

I’m unfortunately seeing this as I’m graduating with student loan debt, but I have such a conviction to never let mu kids step into this one day. Thank you.

[@SeantheRD]

Great film. Huge DR fan. Would have loved to see more examples of what students did to go to school dept free. Dive into people who applied for scholarships, more students who worked during summers or chose community college instead.

[@TorieRusche]

My dad was a Ramsey coach at our church and led me and my siblings through it at home while in high school. It made me determined to get through school debt free. Since they planned to cover half of my schooling, I wanted to do it as cost effectively as possible and pay cash for my part. I earned my associates through a community college and commuted to a university for my last two years, working (almost) full time hours too. It wasn't as fun as getting the college experience, living on campus, or attending the same school all four years, but I graduated with a useful degree, no debt and a decent savings built up. I know it's harder today then 8 years ago, but it's still possible with hard work and sacrifice. I was also able to pay cash for a used car when mine broke down my senior year. So thankful for these common sense principles!

[@timlarocque2134]

The podcast had an interview with a woman who had come to loathe her degree because of the debt it reminded her of. I feel exactly the same way about my grad school (MBA). Thankfully my wife and I paid off nearly 200K of debt between 2016 and 2019, but I threw away my physical diploma because it represented a sick joke that someone who is supposed to be business savvy could be so lacking in personal financial sense.

[@vinnietaganekurukuru8519]

Me too can not wait ..may God anoint this movie and sink in to each individual hearts and mind so we can walk free from this bondages.Amen

[@OM-or3im]

One of the best things that ever happened to me was being unable to qualify for loans because i wasn’t a US citizen and someone told me i had to be to take out loans. So, i rented a room in someone’s house for 4 years and worked multiple jobs all through college. Graduated with zero debt. Did the same for grad school. Zero debt. It can absolutely be done, but it was very had to get by. No regrets whatsoever that i did it that way and have no debt of any kind, while most people i know are drowning in it. Anyone can do it, you just have to be willing to work very hard for a long time, but your older self will thank you!

[@LandonDean-zk4wn]

I graduated debt free on December 9th 2023!!!

[@bobjacobson858]

This can apply to other areas of one's life. For example, I have a friend who took a job in a state a full-day's drive away from where he was living, and decided to buy a house instead of renting. A few years later, he needed to move back where he had been before, and tried to sell his house, but values in the area kept falling, and he took a significant loss when it finally sold. I asked him why he had bought the house, and he said "I just thought this is what a person is supposed to do!" I've never owned property, looked for inexpensive places to live, saved the difference, and now I'm enjoying a secure retirement--he is worried as to how he will afford retirement. However, I know homeownership works out well for many people.

[@Musicienne-DAB1995]

Home ownership does work out for many-- those who are ready. Not all are ready.

[@Ethiodawg]

As someone who paid off her student loans, I feel their pain. It’s not easy but I had to work my tail off to get rid of it. But the freedom to build wealth and do whatever you want after you pay off is well worth it. Don’t give up y’all! There is light at the end of the tunnel!

[@XxhimynameiscynxX]

I graduated from SDSU debt free by working my butt off. I work now for a UC and get free schooling so everyone needs to do their due diligence

[@karenbanogon3244]

I thank my parents for paying for my college . 4 yrs . ❤

[@karenbanogon3244]

Oops, actually they paid from kindergarten to college. 💗💞

[@yeni_daughterOfGod]

125k for a teaching degree…. NO!!!! Universities should not be charging that much. What a shame. Great documentary.

[@mathisnotforthefaintofheart]

Wrong choice. To become a teacher doesn't cost you that much at all. Just don't go to private schools.

[@mikebee6530]

This is one of the MOST important films to show every single young person in the country

[@TheSoulCrisis]

Yeah we have a real disaster in the US with these ridiculous loans.........either make people prove they can afford to pay them back or stop lending! People need to be wise enough to avoid this.

[@CL-yp1bs]

The theme I’m hearing hear his students going to school not working. I think the key is to be smart go to community college as much as you can and work a job at the same time.

[@cv8499]

This is an important documentary, and I agree that for many, vocational school would be a better (and cheaper) option, you don't have to go to a "big name, big price tag" school to get a great education, and people should think twice before taking on crippling debt they may never be able to climb out of. But the doc lacked balance. The fact is, for certain careers, there IS no other option but to attend college, and in some cases get higher degrees. If you want to become a doctor or lawyer, for example, there is almost no way around getting a bachelor's degree and going on to med school or law school--a pricey endeavor no matter what schools you attend. (Joining the military and having them pay for it is possible, but not everyone is cut out for the military. Joining during war time comes with significant risks, and there are some disabilities that would make joining difficult or impossible.) Some jobs require a BA just to get an interview for an entry-level job. (My mother found this out the hard way when she got laid off from her position as an HR coordinator, a career she'd had for decades, only to find no one would hire her even as a secretary because she didn't have a BA.) You even need a BA to join the Peace Corps. There are some professions that not only does society need (social workers, teachers, engineers) but some people really want to do, and they require degrees. Plus, I think people underestimate the value of having those four years to grow up a bit more, take classes you didn't have access to in high school, and be away from home. Not to mention the networking and social opportunities. Definitely talk about vocational training, entrepreneurship, and the military as options. But also stress ways to make college affordable or free for yourselves or for your kids (529 programs, scholarships, community college, schools that are free for residents). Talk about the fact that a bachelor's should not be required for every office job. I see no reason that you need a bachelor's to be a secretary. Also, the part about loans that keeps people in unimaginable debt is the interest. Interest rates that are higher than people pay on mortgages should be illegal. And all of these topics should be part of a mandatory financial literacy class in high school. I know I had no clue what kind of financial burden I was taking on when I signed up for loans as a 17-year-old kid.

[@cv8499]

@@greenleafyman1028 I understand the path you chose, and it was a practical one. But I also think that's sad. That's basically telling poorer kids nope, you can't be doctors or lawyers or engineers or astronauts or teachers...that's just for rich kids. And when we think about how race often intersects with class, and the systemic racism present in some of those professions, that's not a great road to go down. I would rather find equitable solutions that make college accessible for all who want to go (without going into a lifetime of crippling debt) while making sure that vocational school remains a viable and desirable option as well.

[@olyalya6380]

You can study abroad for Doctor or Lawyer, free

[@RebeccawalkswithChrist12]

You can get a law apprenticeship here in the UK. Earn a law degree whilst working in a law firm getting on the job experience and earning a good salary. Medical apprenticeships I think will also be a thing in a few years time too.

[@Major-Whoosh]

One of the best if not the best video on the student loan system. I wish more ppl will see it though. When need to make this video go viral. It is a tragedy to see the current view count.

[@Musicienne-DAB1995]

Agreed. America has over 330 million people! I shudder to think of how much combined student loan debt is. Horrific!

[@Aunny123]

Dude drove two hour round trip to donate plasma for $20. The gas he used basically negated that.

[@thomasmorrison3279]

I was dumb enough to take student loans for grad school. It took my wife and me 7 years of living like students after graduation while working full time to pay off the loans. We did not buy anything new and spent on only necessities. Never again. We are cash flowing our daughter's college in-state, so that she will have zero debt upon graduation.

[@averynmitchell]

1:15:15 Wow, what a genuis! I am not entrepreneurial and I think I would have taken on the student loan debt. I feel very inspired to think differently and change my mindset.

[@randomactivitiesco.5848]

Lawn Mower Kid is so freaking adorable!!! I want to adopt him. What a great kid. I love our plumber. He comes with funny stories and also kills snakes.

[@federalpostTV]

Sharing … thank you Dave Ramsey for this awakening documentary…

[@Adam-qr8fs]

I went to school, got 34k into debt, but worked my 3rd and 4th year, made 35k cash, and finished with 1k in the bank :D 0 interest paid!

[@yun9393]

👍 Awesome!

[@winewoman224]

Evaluating your worth as a human because of the debt you carry is an obscene thing that is happening to our society. No wonder we have epidemics in depression and suicide.

[@TheFirBall]

The teaching industry is also bad. They force you to get degrees to get promoted. Degrees that you can't afford even when you get the promotion

[@tracyaf6084]

It is my greatest hope for my kids to get through school debt free. I keep contributing to their 529s.

[@anagalindo9573]

Thank you ! Dave for all the information as an immigrant and mother of 2 this is priceless

[@Jack-kj1zu]

I have no degree and make more money than many of my friends with degrees. If you go into any trade or construction you will make a lot of money and not have to worry about student loan debt.

[@SoBeSuchin]

College does not have the ROI it used to. It's just not worth it anymore. And the fact that so many companies don't even require a degree anymore affirms it worthlessness. It's infuriating! And the fact that it can't be discharged in bankruptcy, it feels like a death sentence. And no one...NO ONE can even explain how interest is calculated is mind numbing!