Dave Ramsey: Student loan forgiveness is a scam

Best-selling author and personal finance expert Dave Ramsey says an overwhelming majority of student loan forgiveness applicants have not been approved. #FOXBusiness
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[@riod43]

It's amazing how easy it is for a young adult to go into 300k in student loan debt but almost impossible to get a 30k loan to start a small buisness.

[@dmack226]

Exactly....And the reason is that small business loans for start-ups aren’t guaranteed by the government. If they were, banks would be handing them out like candy.

[@markferguson7563]

Rio, with regards to a loan for a small business: In April a pal of mine at the military base in Sierra Vista in Arz who is a black guy old me his daughter

[@markferguson7563]

told me his daughter ( she's 24 and lives in Illinois) informed him that kind of up to $100k were in the pipeline for non-white people. Now we know where that was to come from. And that's part of the "social infrastructure bill". My pal said it just wasn't racist, but totally insane as the main Trump for the loan was color and not ability.

[@joncharles6403]

It's what they want it's called control if you keep people poor or in debt you can control them why you think so many people on welfare it was only to help people so they said in the sixties they told black women true story if you leave the father we will pay your bills

[@jimg2885]

@@markferguson7563 that doesn't make sense..

[@handsomebarber424]

I got laughed at for dropping out of college and going to barber school , I just opened my second business , Man did I dodge a bullet

[@kimberlygause]

YOU ARE VERY WISE. STAY WISE.

[@JK-om1ry]

Good for you.

[@lisa-wr4wl]

It is estimated that student loans in themselves quadruple the cost of education.

[@eghslee]

Good on you mate. I went to one of the ‘best’ public university on earth UC Berkeley(public school indoctrination). Biggest regret of my life.

[@sebastianliu2009]

Everybody needs a good barber. I go to my barber once a week and I pay $26 every saturday. I tried to cut hair in the Navy and cut my buddy and gave him a bowl cut. Never again!! LOL HAHAHAH Congrats bro!! Good choice!! My other buddy dropped out of CSU Fullerton and now he's selling legal marijuana and he's making over $500K

[@arachosia]

Even if all student loans were forgiven tomorrow, the system is still broken as long as the government subsidizes loans, so this problem will persist.

[@Dunks-]

Bingo. Until they address the corruption and price gauging in colleges, this issue will continue. There's no reason a dorm with 2 other people should be 10k each a semester. Speaking from personal experience.

[@enigmathegrayman2953]

As long as people are WILLING to take on debt the problems will persist.

[@lawrencemiller3829]

@@enigmathegrayman2953 More significantly dissipative debt causes problems, the kind of debt that does not build the means to pay it off.

[@enigmathegrayman2953]

@@lawrencemiller3829 Is that personal debt or business debt you speak of?

[@Dunks-]

@@enigmathegrayman2953 no complaints here and I'm not looking for loan forgiveness. Reality is there shouldn't be a 300% mark up on college books and astronomical housing charges. You basically are saying you support the inflated prices of college, I question it.

[@TheBohemianTraveler]

The reporter said her family helped her pay for college. Not everyone has that luxury.

[@DanieGirl-tt9xc]

yes, having family that can help is a privilege many do not have. my parents had the ability to save for my college but decided not to. they also refused to sign my FAFSA so i had to jump through hoops to get college aid rolling. i ended up joining the military after 2 years of college. they paid the remaining 9k of my loans. i also understand that joining an organization that pays off loans is also a big privilege. my parents were pretty upset when i told them i signed up. but what choice did i really have? funny story: a church friend always bragged about working hard for everything they ever had. they were 100% against people receiving government aid BUT it was discovered that their parents gifted them 45k for their wedding!

[@westhillswood51]

Not everyone can run, jump, and shoot a basketball either. Some people are more intelligent than others, some are stronger, some can do puzzles, some ... Point is: suck it up and do what you can to make your way.

[@HughButler-lb6zs]

Nobody helped me pay for my education. I.paid for it myself by working and going to school. However the cost was 60's and 70's prices. $60.00 per semester hour. Used books, and living at home and commuting Even then I was hungry most of the time.

[@earlymann1954]

She's not a youngster, she went to college back when colleges were much more affordable than they are today.

[@meggrotte4760]

They were affordable twenty years ago, either

[@DavidRoetman]

Dave Ramsey changed my life forever! Went from 110k student loan debt and it’s down to 20k following his plan. Looking to be debt free by 2022 let’s go!

[@lisa-wr4wl]

It is estimated that student loans in themselves quadruple the cost of education.

[@kimberlyturner820]

That's fantastic! Way to go. I'm looking to be debt free by April 2022!

[@joyh.729]

Congratulations!!🌟🌟

[@edy5082]

Congrats you got this!

[@Daniel-wp8ki]

Lol David, meanwhile corporations avoid paying their million dollars debts by filing bankruptcy/changing their names and keep making millions. You got punked bro! Corporations socialize losses and privatize profits.

[@marlenehopkins1103]

We should all become politicians who get paid to do nothing and managed to keep their jobs until they are almost 100 years old

[@chriseasterling1769]

And all us of qualify to run the country now. Doesn't matter your back ground or experience.

[@adoniscreed9667]

Safety net in an unguaranteed country. Good luck!

[@Shadobanned4life]

Nice work if ya can get it !

[@odawg2255]

They already are hiring federal truck drivers through the public sector join the cia woke movement

[@normandeline2339]

Facts.... I love seeing how these leaders 60-80 year's old vote on a Friday night/ Saturday morning at 3am.... lmao 🤣 🤣 mmmmhm... yeah... your telling me drunk Nancy is up at 2am??? I call bull 💩.... these politicians go from bartender to millionaire in months... insider trading, lobbiest etc.... it isn't right.... once in.... they realize. Working for the PEOPLE doesn't pay... then corruption sets in... term limits NEED TO HAPPEN.... Nancy and her husband have reaped rewards. .. an so many others on both sides..... big government and big tech are taking over the PEOPLE... AMERICA 🇺🇸 isn't what it was.... an our future.. needs to be addressed... or AMERICA 🇺🇸 won't be American much longer......

[@DaffyDuck007]

I was that kid that was lied to. Took out loans to get through college. Went to a public state college to keep it cheap. Majored in Comms/Marketing. The recession hit, and all entry level jobs now wanted 5 years experience or a Master's degree, so I got one of those too so I could be more "marketable." Geared my entire experience towards skills that employers claimed they were "desperate" for in employees- research, writing, public speaking, using new tech and data applications, and critical thinking. After jumping through all the hoops, employers made every excuse to not hire or pay a fair wage- I didn't have enough experience, I wanted too much money, I didn't speak Spanish, I wasn't "diverse" enough, I lived too far away, I don't use the company's proprietary software, etc. The government needs to get out of education, but employers also need to stop being lazy and hire capable graduates to train and pay properly rather than waiting for desperate journeymen to lowball. It's a vicious cycle.

[@YogiOabsReborn]

That my friend is a scam. Hope you find a good job

[@valdavis7461]

You could go overseas and teach English. Thailand is a great place to live and work. The cost of living is very low and the standard is good. As for your loans, you don't have to pay them as long as you make less than $105,000 a year. You can claim the foreign income credit and forebear your loans every year.

[@msr1116]

A few days ago I watched a sitcom episode from the mid 1970s in which a recent college grad said a bachelor's degree doesn't mean anything by itself anymore--he got into a Master's program through a fellowship to eventually secure..... an entry level position.

[@ManSeekingChrist]

@@valdavis7461 Interesting. So you still owe them but indefinitely forbear them. Do you have to work for a foreign company? What if you work for a US company remotely but live abroad?

[@billybeemus3929]

An employer is not going to "pay you properly" and train you too. It is one or the other. If you already have the skills, you will be paid properly. If you need to be trained to do the job, you will get entry level wages. As you already found out, a college degree alone is less than worthless (when you still have student loan debt).

[@jamesreed9970]

The college experience is not an end-all cure-all for a successful financial future. But it is promoted as such; and this is the problem.

[@consumerdebtchitchat]

Agree fully

[@JM-gg8ko]

Agree. Only in this country where free tuition is in abundance. 1. GI Bill. 2. Pell Grant. 3. Tuition Reimbursement Program from so many private corporations. I didn't pay for college, my sibling, my cousin's, and now nephews and nieces. It's free and all of us are making six figures.

[@brianholloway6205]

This is the most sane comment I’ve seen on this post. Tackling how teenagers view themselves, identify what they want, aware of financial risks, it’s a whole package.

[@francismarion6400]

High School teachers are pushing it.

[@ktoth29]

My college told me that the average starting salary in my program was $65,000. What they didn't tell me is that it would take me 10 years to find a job.

[@TheCmovius]

Geez, sorry :(

[@FrankYammy]

What degree

[@MrBrewman95]

It also takes him 10 years to answer what his major is. 😂

[@walterlacy5970]

I have a 19 yr old grandson who will graduate from a 2 year trade school in December as a qualified pipe welder ( my craft for 50 years ). He worked and paid as he went to school. He is debt free, and has a trade he can make over $100,000 a year with. Not bad for 19 years of age.

[@incognitojuggernaut4411]

what about respect? Will he get a Girl friend though? hahaha

[@paulmasterson386]

@@incognitojuggernaut4411 if he’s solvent he’ll get mor respect than a graduate barista with huge debts

[@juliorobinson5386]

Lucky him there’s many of us who are 23 years old with no mom and dad or any family because we ended up in foster care at a young age who have no support system like this I truly want to wish you well and your family stories like this is what I believe in in the world

[@dlane7539]

My brother went to trade school for HVAC. He now makes over $50 an hour working for state.

[@dlane7539]

@@incognitojuggernaut4411 So you're saying a SJW Degree is much more attractive than someone with a great paying job & no debt? Your backwards thinking is what is killing america.

[@puuxexil]

Dave is absolutely right; if you have a skill without a demand, then you have nothing.

[@kwamebushman606]

Dave Ramsey ALSO declared bankruptcy to wipe out his personal debt obligation instead of paying it back. Did he tell you that dummy??

[@puuxexil]

@@kwamebushman606 I don't see your point. You seem poor.

[@Defy_Convention]

@@kwamebushman606 the banks that held the mortgages for his properties forced him to do that since they felt like he was over leveraged during the last financial crisis. It had nothing to do with failure, the banks were spooked even while he was covering the payments. If anything, be angry with the banks.

[@puuxexil]

Okay, first I gave a trolly response to what was a trolly comment that didn't speak to my point. I like Dave and I've read a couple of his books, and I think he has a lot of great things to say. Declaring bankruptcy is not the same as student loan forgiveness. Think about it: how can a bank repossess an education? A judge dictated the terms to Dave and he took his medicine. Dave has never tried to hide his failures. I'm not going to "cancel" him. But neither am I fanboy; I do take issue with certain things he does. On the whole, there's a lot to be learned, and this country needs a wake-up call: a successful career is not about the degree, but the value you can offer.

[@Daniel-wp8ki]

Dave Ramsey definitely has skills to scam people to enter the biggest scam aka the stock market 😂😂😂

[@michaelh7527]

Honestly, college isn't worth the cost anymore. It used to be that having a degree meant something. But honestly, employers really don't verify a degree unless it's a high up position. I have friends who lied about a degree and experience. They just learned the job watching others and no one caught on. They have been in their position for years.

[@johnmartin4641]

That’s the point in going to college though: so you can get a high up position. Why would anyone want to spend their entire career at the bottom and not move high up in the company? It may not be required for entry level jobs, but it is required for the jobs that actually pay well. I have a friend that skipped college originally, worked his way up to director, and was stuck at that level for well over a decade because he didn’t have a degree, then went to college at night for almost a decade, graduated, then got promoted to VP and retired with around $30,000,000 saved for retirement and a pension. I myself went to college and just retired with upper 8 figures saved for retirement because I was able to make it pretty far up at my firm, which I wouldn’t have been able to do without a degree.

[@sew_gal7340]

A degree shows employers that you have the discipline and the grit to finish your education, Its risky to hire people who don't want to invest in their own future. I see education as a fun thing and actually going back to school next year just for learning sake. It will cost me 25k but i won't have to take out a loan for it

[@dj.1094]

I don’t know how long ago your story happened but I work in HR and we always credential new hires and if they lied about the degree they lose their job. It doesn’t matter if they are a clerk or a Partner, we are checking to see if the degree they say they have has been granted.

[@pwnyboyog2501]

There are plenty of jobs that have to have educations. Doctors, engineers, accountants/money managers to name just a few

[@joshhoward1289]

You use the word honestly twice to tell us your friends scammed their way into jobs. Hardly acts of honesty….honestly.

[@williemartin9872]

You know, I went to college because in order to apply for the job I wanted, I had to have a bachelors degree. So, let’s not forget that industry has also added to the problem.

[@crow592]

Boomercucks conveniently forget how the private sector has contributed to this issue

[@d.rabbit7276]

Agreed. Although I don't buy into this "degrees are worthless" nonsense. I believe if you get a degree in liberal arts, African studies and fashion design be prepared to struggle. Also, without a bachelor's degree the more viable jobs will often discard your application before the interview process even begin. It's hard to get into a safe without the combination or key. You can't get the job without being recruited and sitting in front of a interviewer. So people should stop this feel good anti- degree silliness, because this is where we are. Besides, much of this talk is from people who never attended or finished college.

[@SKBottom]

It's called credentialism. Requiring degrees and even advanced degrees for jobs a middle schooler could do.

[@kaglekoa]

And today many of these industries want " 2 years work experience" with your BA degree, fresh out of college/uni.

[@LILDroidDEX]

Thank you for bringing this up because I was about to say something myself. The kids were not the only ones making the dumb decision to go to college because the public and private job sectors were all in on it as well so I don't know why they didn't bring that up when that is the majority of the reason why most people try to go to school and get the degree. You won't be able to get a raise and neither will you be able to move up in the company if you don't have a degree.

[@Professionalnyj_Troll]

We should also examine Universities and Colleges for price fixing.

[@davidbuck9977]

It's supply and demand, the government backs everyone's student loans so a bunch of people go to school. The problem is government shouldn't be guaranteeing everyone's loan for any degree, student loans should only be offered on degrees that are in demand in the work force.

[@Professionalnyj_Troll]

@@davidbuck9977It has nothing to do with supply and demand. I quote" A plain agreement among competitors to fix prices is almost always illegal, whether prices are fixed at a minimum, maximum, or within some range. Illegal price fixing occurs whenever two or more competitors agree to take actions that have the effect of raising, lowering or stabilizing the price of any product or service without any legitimate justification. Price-fixing schemes are often worked out in secret and can be hard to uncover, but an agreement can be discovered from "circumstantial" evidence".

[@sweetmcnasty]

Price fixing? No. We should be pulling their accreditations just on the fact they are diploma mills. Colleges and Universities have become adult day care facilities. The reason why they spew out so many worthless degree holders is because it's easy money for the schools and an easy graduation for the student. Pull all taxes and Federal grants from these schools.

[@davidbuck9977]

@@Professionalnyj_Troll So you're saying universities would have just as much demand if student loans weren't offered? Complete BS, in 2019 69% of graduates took out student loans and 90% of those who took out loans said going to school wouldn't have been possible with out student loans. That's GRADUATES there is no telling how many people took out loans and dropped out before getting a degree. So a university loosing over 62% of it's students would not effect demand. I think not.

[@daliamcmahon5884]

Yup.

[@hightide1500]

This has been a problem for decades. From UCLA, I remember some graduates couldn’t get a job with their environmental studies major. They ended up working cashier jobs or going back to city college to learn for a real career such as nursing, etc.

[@thesmirkfs]

I worked two jobs in college while going to school full time and by the grace of God, got out of school completely debt-free. I wasn't going on vacations, had no car and had the cheapest meal plan possible. Knowing that today I am working in a job completely contrary to my major, it makes me feel a little better that I don't have to invest today's earnings in yesterday's degree.

[@wink196]

" we have 18 yr olds making adult decisions" this is the problem with the US across the board starting with the White house.

[@chandleranderson2174]

Hi Diana

[@nancyneal5377]

Their parents should be telling them not to waste money on b.s. degrees.Parents need to tell them they will not support them,when the only job they get is at Starbucks

[@yamchayaku]

@@nancyneal5377 Uh do you think kids from poor or fragmented families would have parents that would know any better?

[@hanfucolorful9656]

and 81 ye olds making 18 yr old decisions.

[@jeffreyhutchins6527]

@@yamchayaku Right, because common sense is something people only get when they are rich or have a two parent family. What fool does not think ahead , what's the job market for a person with a degree in women's studies before signing a loan for $70k to pay for a year at UCLA ? Apparently there are a lot of people getting useless degrees then expecting everybody else to cover the cost. Many of them came from those families that were not poor or fragmented.

[@mrs.carter4775]

I could have done the student loan forgiveness as a RN but I couldn’t imagine paying off $64k in 10yrs….I worked extra shifts and paid it off in THREE years myself.

[@lisa-wr4wl]

It is estimated that student loans in themselves quadruple the cost of education.

[@melissachartres3219]

Paid it off in three years!!!??? HOLY COW! You're going on clear liquids and N.P.O. after midnight!

[@TERMIN8TOR99]

My daughter earned her doctorate in pharmacy, and has paid off 100k student loan in a less than 2 years.

[@BR-it2qe]

@@TERMIN8TOR99 probably got a scholarship or grants. Probably didnt use a private student loan company. Probably was helped by her parents to some degree. And the big one,, she got a good paying job.. I encourage people to work hard and pay it off, just understand it won't be as easy for some.

[@TERMIN8TOR99]

@@BR-it2qe yea I did pay 5k but she paid the rest, she fell into a doughnut hole and was accepted into the graduate program but not eligible for graduate loans as she didnt have enough credits.

[@BaconMaken]

I don't know who will read this, but I have some advice for anyone considering college. Community college is a great option. I ignored my teachers and guidance counselors who advised against it and I'm glad that I did. I went to a community college for two years and then I transferred to a university where I spent the next two years to get my bachelor's in graphic design. I graduated with half of the debt all of my friends left that school with. I am currently debt free and employed as a graphic designer for a vehicle wrap and lettering company. College doesn't have to be expensive. My degree is worth just as much as the "big shots" who went to Harvard.

[@cosmeticscameo8277]

you go to harvard to make connections with the wealthy elite...the degree is a afterthought

[@zachkleinwolterink2720]

Good for you. I hope that more young people realize this in the next few years or our trades will be in even more trouble. Glad theres people out there like Mike Rowe promoting comm. college and trade schools. Now the younger generation needs to wake up and realize that the chances of making good money in the trades are higher than getting rich off a tik tok or YT video.

[@joes3703]

“Let’s double-down on how stupid we’re going to be”. Love it!!

[@lisa-wr4wl]

It is estimated that student loans in themselves quadruple the cost of education.

[@jennifervondeylen7362]

My son loves mechanics. He started at the bottom changing oil at a dealership. He worked hard and got noticed. The dealership is now paying for him to attend a local community College where he is working on his masters mechanics certification. Beginning a polite, hardworking ,farm kid is paying off for my boy. God Bless the real USA 🇺🇸

[@incognitojuggernaut4411]

hahahahaha......

[@donreinke5863]

Thats one way to do it. I started out repairing cars at used car lots in 1977 after learning automotive repair inhigh school. I have never wasted my time with joke ASE certification, I owe not one cent of student loans and nearly 45 years later i have a waiting list of people wanting me to repair their older and classic cars because the kids coming out of Lincoln Tech and other schools are absolutely clueless about anything if they cant access an OBD II port for electronic diagnostics.....they teach very little basic theory and engineering history, its ALL about "driveability and emissions"......."whats that thing on top of the engine and how does it work? (carburetor) and "whats that thing with all the big wires coming out of it?" (distributor)..What????..this vehicle doesnt have control modules for EVERYTHING? Thats what we get now from most kids in automotive repair. I hope your son learns better.

[@jennifervondeylen7362]

@@donreinke5863 my husband made sure our son started off on tractors & rebuilding a square body. He will have a wide scope of automotive experience!

[@juliorobinson5386]

Good for him finding a good non corrupt dealership I’ve heard many horror stories with them.

[@donreinke5863]

@@jennifervondeylen7362 Good to hear. Best of luck from an old time mechanic (were not "techs")

[@kenferguson3349]

To simplify: "Student Loans are a scam!" A Ponzi scheme on steroids! Early 1990's I worked summer fast food and earned enough to pay tuition at a state university(5+ years engineering). Worked part time at Sears to cover my bills the rest of the year. That's simply impossible now days, just like home ownership. The easy availability of massive loans drove the cost through the roof.

[@ProudBM19]

"Student Loans are a scam" *Facts!* That's It Right There...

[@lisa-wr4wl]

It is estimated that student loans in themselves quadruple the cost of education.

[@TheBrewQ]

the guaranteed student loan is the reason for all this insane amount of student debt. The taxpayers are left holding the bag.

[@kwamebushman606]

Ironically speaking Dave Ramsey declared bankruptcy back in the 80's to wipe out MILLIONS he owned in personal dept to the banks YET he's now out here saying student loan forgiveness is a scam. What a 💩 head

[@Sparky-ww5re]

Exactly well said. The biggest lie being forced on this generation, is you have to have a college degree to be successful. Which is simply not true. I also agree, things were a lot different 30 years ago, a college degree meant a lot more, than it does now. However, with the majority of baby boomers retiring and nearing retirement means many skilled trades are in high demand with some paying just as much, perhaps more, than someone with a college degree in tens of thousands in student loans.

[@satyricon65]

This will affect the working class and middle class the most. A lot of whom never went to college.

[@jkylegilbert]

Narrator - Dave Ramsey was wrong..............

[@rwheelerwheeler9034]

The way student loan forgiveness works is after 25 years you are forgiven, however it is considered earned income by the IRS then you have to pay the IRS. So yes it's a scam because you still have to pay for it.

[@oliphauntsneverlie6227]

BS

[@oliphauntsneverlie6227]

@Echo Foxtrot BS

[@nancyneal5377]

@Echo Foxtrot only if they stupid enough to co sign

[@boofert.washington2499]

That's not entirely true. Mine were forgiven due to medical reasons. I don't pay income taxes, either.

[@LoneWolfRanging]

Unless you are on public student loan forgiveness (you work for the public)

[@henryannis8752]

It is estimated that student loans in themselves quadruple the cost of education.

[@martameek5558]

Yeah, and in the end just what sound education are these kids getting?

[@cacornhusker2940]

"Higher Education" has become quite the scam. i got a 4 yr degree in the 80's, i think tuition was around $25/credit hour, it was about $100/credit hour 10 yrs later when my sister was attending there. we could only borrow $2500/yr in student loans then and that was enough to pay for room/board in a dorm. now i think kids borrow $10K/yr just for undergrad degrees?? my tuition and student fees to get an elec engr degree cost me less than $12K in the 80's, and i did have an extra year of 400 level physics that cost another $4K. that was pretty reasonable for a degree back then.

[@ab00abdullah]

@@cacornhusker2940the title here is misleading and I like your wording better. The panel here did mainly talk about what you're saying but the imagined focus is only on the "forgiveness program".

[@cacornhusker2940]

@@ab00abdullah screw the "forgiveness program", especially for AOC who's pushing it - can you say "conflict of interest"?? how 'bout a kick in the a$$ and get to work cuz their unemployment ran out. there is a so-called "labor shortage" isn't there??

[@henryannis8752]

@@martameek5558 They are being indoctrinated in socialism, but that not to sound yet they believe it.

[@jail.6000]

This was great! I work in college access and it’s so important for us to advise students on how to use their education after high school to build their future in a way that aligns with their interests and is cost effective. Postsecondary education is a lot of things: college, trade, certifications, etc. There is no one way to be successful. But the amounts of debt students have been saddled with because of how they have been advised, OR operating from a space of emotion and not strategy, is disgraceful. Higher education has just begun (in a large way) focusing on retention in a way that works, but it’s taken time to get here. Hoping we can better advise our students on all options available, inclusive of the military, when it comes to crafting their future endeavors.

[@A54729]

He was not crying about the PPP average of $109k. What a clown.

[@andrewseidl7590]

Dave Ramsey needs to retire. That guy is clueless about today's world

[@kensmith2796]

@@andrewseidl7590 Truth. He still thinks you can pay your college tuition delivering pizzas on the side. I even heard him advise someone who was accepted into medical school not to go and deliver pizzas until he saved up enough to pay for med school.

[@dkramer5264]

Dad was brutally honest but that's tough love

[@cultleader6977]

Collage is a scam I skipped it i am 24 years old working as a janitor in a school making $50,000 a year without over time. I get full benefits sick time, vacation, every federal holiday, personal time , pension , health care, dental,... waiting for the parks department job to open up that only union can get.

[@danthegeoman]

It’s not for everyone. That’s it. I want my doctor to be college educated. The school janitor at my daughter’s school can have on the job training that would more than suffice. Do keep in mind that you haven’t dodged anything. You’ve just put off an inevitable. You’ll absolutely need to get a degree at some point if you plan to raise a family and kids who you’ve set up to take the next leap forward financially lest they end up just like you (or worse) at 24. A degree is less about what you’re learning (though that is important) and more about what you learn while you’re learning. You’re gonna hit a ceiling fast and will probably want more, and your gf/wife is going to push you to become more and unlock your potential. And she should if she’s the right gal. But hey, you could always be some beta MGTOW soy boy. That works for some I guess.

[@cultleader6977]

@@danthegeoman try working on saving ur hairline lol

[@chrisbalsamo968]

I have always appreciated the way Dave Ramsey tells it how it is.

[@lisa-wr4wl]

It is estimated that student loans in themselves quadruple the cost of education.

[@s.r6331]

Dave Ramsey is an idiot. What he should've said is college is a scam

[@kwamebushman606]

If he really told you like it is he would tell you that back in the 80's he borrowed and lost MILLIONS...then declared bankruptcy to have it all wiped out and paid for by YOU so he can borrow millions again 🤣🤣

[@consumerdebtchitchat]

@@kwamebushman606 That is so true Kwame. People always conveniently forget that.

[@michamusoke5731]

I like how Ramsey repeatedly defended the children who took on these debts. How are they supposed to know better when all the people who they are supposed to respect and listen to are giving them the keys to economic failure? Not saying many children don’t listen and do their own thing anyway, but the expectation of many parents is for their children to go to college and get a degree and that debt is just a part of the American dream. I mean why wouldn’t it be when the economy constantly runs off of debt anyway.

[@susanlindsay7970]

I was knocked down for being a hairdresser my whole life. I'm now retired. I was able to support 2 kids and live a life of joy. I owned my own salon for 20 years. I was able to back out and not even work for the last 10 years and still the salon supported me. In my earlier years, I could work the hours around my kid's schedules and be home with them when I wanted to and go to their sports and activities. That was more important to me than living with a high salary.

[@JSB103]

Yours is the best post I've seen here!! A good life, in the most noble sense of the term.

[@susanlindsay7970]

@@JSB103 Wow, thank you. I've always thought all the trade schools should be considered.

[@devinmcgroot7560]

People who are smart (smarter than stupid hairdressers) ARE UNABLE to get an education in science, engineering or medicine, because of MORON neo-cons who want to make it as hard and expensive as possible to get an education. If there was debt relief, much more people would have opportunity for it. A 200 IQ single kid can't afford the education even though he is smart. BECAUSE OF MORONS WHO ARE ANTI EDUCATION!

[@JSB103]

@@susanlindsay7970, you're absolutely right. 🌹

[@JSB103]

@@devinmcgroot7560, no need to disparage anyone ⬆ There's nothing like the people who play the cards life deals to them, and work hard to make do with what they've got. They are the salt of the earth and the backbone of Humanity.

[@christophergill871]

Please Cancel my mortgage too while ur at!

[@RESISTAGE]

thers gotta be a Chinese kid with good hacking ability. or Russian. or anyone. just please.

[@DIAMONDGIRL57]

😂😂😂🤦🏽‍♀️🤦🏽‍♀️🤦🏽‍♀️

[@derf_the_mule1405]

I agree with Dave Ramsey on this. I got a 4 year Engineering Degree. It took me 12 years to pay off the loans (including 3.5 years of congressional induced unemployment). School is more expensive now and less useful. I have a friend with hundreds of thousands in debt works as a physicians assistant. He can't afford to pay the interest that is accruing and capitalizing. If you can't get a job that pays 50% of your debt as starting salary, then you can't afford student loans. Go be a plumber or carpenter. Good ones are in high demand here. Baristas with degrees are in low demand.

[@berlintapondjou3744]

Overpaying for anything is STUPID. 😅

[@billashby7858]

Just imagine getting a Women's Study Degree and owing $100,000.00 in student debt!

[@JSB103]

I can't imagine (that).

[@zarach9459]

I imagine a mountain of manure scented with hundreds of gallons of Channel No. 5, only useful for farmers but too expensive.

[@joep.5757]

or liberal arts!

[@superchuck3259]

yeah and like at the end, hating men and hating life.

[@dusa5918]

Students make wrong choices what to study … stupidity is rampant…

[@dekanogiulogilvstaples4430]

So true, my daughter went six years for her medical degree and now runs a business instead lol

[@lisa-wr4wl]

It is estimated that student loans in themselves quadruple the cost of education.

[@KJ-xe1zn]

Take Dana's advice and look into a good trade job; plumber, welder/fabricator, even a mechanic is a good career.

[@tavroaar8173]

Not everyone wants to be that and not everyone is fit for that. Also with technology advancing some of those jobs will disappear . That is not the future.

[@johnmartin4641]

The biggest economic problem we have as a country is that most people fall into one of two extreme beliefs: 1. Go to college and get any degree including gender studies and you will be successful. 2. Don’t go to college at all and go into the trades. Both are wrong. People should go to college because they will be successful IF they pick the right major. If you major in business administration, you will make a lot more than the jobs you mentioned over the course of your career. If you major in gender studies, then you’re just better off not going to college.

[@killercage534]

This didn’t age well

[@kensmith2796]

When would Dave Ramsey's advice ever age well? He tells people to pay off their debts based on balance amounts ignoring the interest rates.

[@WhatThe49.]

The banks and the schools should take on this burden, NOT the taxpayers.

[@rtquest22]

The moment the fed reserve printed money is the moment you're no longer a taxpayer. You owe the fed that paper money or have your stuff seized. Either way, you'll be taking this burden one way or the other.

[@jamescarnley4830]

STUDENTS ARE "RESPONSIBLE FOR THEIR OWN DEBT!" THAT'S CALLED "LEARNING RESPONSIBILITY. "

[@cacornhusker2940]

the Universities are the ones selling bad goods, not the Banks.

[@WERob-to5sp]

IM NOT PAYING THEIR BILLS. If students are enraged with the cost then they should question the school as to why they are being charged so much. Question the teachers.

[@yamchayaku]

@@jamescarnley4830 Reality is that you're going to pay for it if they default on it whether you like it or not. That's not your choice to make. Your tax money will make it happen

[@benmartin3563]

If progressive professors are all for tuition forgiveness and free tuition then they should lower there salaries to help lower the tuition rates…

[@devinmcgroot7560]

clearly you are not educated, or have debts. otherwise youd sing a different tune

[@Thvndar]

Staff salaries are are minuscule part of the increasing cost of college

[@chuckysmaria6466]

Devin mcgroot Because we spend money wisely. Of course people in debt wants to get their debt forgiven. And people who don't have debt dont want it to be forgiven if they are going to pay for it with their tax.

[@benmartin3563]

@@devinmcgroot7560 thank you for the kind insult… and i actually do have a lot of debt not in college tuition but in for income real estate and in ca too. i might not be as educated as others but i do understand money.

[@Thvndar]

@@chuckysmaria6466 you're not discussing thee greater issue: College should be free. there shouldn't be any upfront costs in the first place

[@bigbeef2654]

I am a software development business owner in the medical industry and refuse to hire college grads. 4 years of beer pong is not the type of talent we are looking for.

[@jimmylegs06]

No loans no car payments rental property(s) Bitcoin. This is the way

[@satoshihiramatsu666]

People must change the perspectives of college education that became nothing more than money making business itself like food, medicine industries.

[@devinmcgroot7560]

if people follow your stupid perspective, then more people will be stupid and uneducated like you.

[@smokingthereefer92]

Anything that to many of the people in this population start investing in becomes a money making business. That's why I only buy MY NEEDS. I don't need to fund and be taxed by the government all because I want a 70 inch tv. I do want one. They are nice but I'm not buying one out of the store that I'm funding the government for. Same as everything else. If I don't need it to survive, I'm not buying it.

[@smokingthereefer92]

@@devinmcgroot7560 Sounds like the only stupid one here is you. How much are you in debt?

[@Concerned502]

@@devinmcgroot7560 Higher "education", outside of STEM fields, often involves simply regurgitating the effluent that the professor espouses. Critical thinking is actually PUNISHED by being marked down, if you happen to argue with VERIFIABLE FACTS, on subjects the professor personally doesnt agree with. Students in these NON-STEM fields are typically CREDENTIALED, not educated. They are rewarded a degree for regurgitating the rightthink of certain political viewpoints.

[@tre655]

You can go to community college for 15% of the cost

[@Unknown-th8hx]

18 year olds making adult decisions. Ramsey is correct as usual

[@jab7168]

I was in military making all sorts of adult decisions at 18....

[@Daniel-wp8ki]

Gary... Meanwhile corporations avoid paying their million dollars debts by filing bankruptcy/changing their names and keep making millions. You got punked bro! Corporations socialize losses and privatize profits. Dave will never mention this, wonder why?

[@consumerdebtchitchat]

Ramsey has personal experience about going bankrupt as a youth. Firsthand knowlege is a real life teacher.

[@angeliomaxiz4207]

Investing for today is priceless because tomorrow isn't promised, trading bitcoins, gold, silver and crypto secures a better tomorrow

[@alisonroman2991]

When money realizes that it is in good hand's, it wants to stay and multiply in those hands, if you really want to make profits out of the money you've got, you have to take it out of the savings account

[@xiammee2070]

How many millionaire's do you know who have become wealthy by investing in savings accounts ? I rest my case

[@ianrichmond7624]

Interesting most people don't understand the market moves and tend to mislead in facts like this and always depend on money in the bank, very bad idea

[@jurgenguntar2146]

I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do, because I have no idea and where to invest in?

[@alankiesewetter8427]

@@jurgenguntar2146 Perfectly said, well I can't disclose much but my personal portfolio /investment manager Mr Wayne Thornton, after a whole week of research, he runs an investment platform where you don't have to undergo any stress in the trades, He manages my trading account I opened with a capital of $3,500 and now I have grown my portfolio massively up to $21,000 A huge success

[@nonsibi1087]

Yes, this is a VERY GOOD THING! And it's good for the US economy. Student debt has been the commercial money maker for the debt industry since the 2006 recession when housing was dumped for federally-backed student debt..... a sure money maker. Crushing student debt, managed by commercial banks, however, has been the major drag on the housing industry, which should cheer at the news of the release of earning potential for the very population, young & educated, blocked in entering into purchases of homes & rentals because they are saddled with ballooning & predatory debt.

[@gregoryking4796]

I knew Dave was going to call someone stupid and I wasn't disappointed

[@lisa-wr4wl]

It is estimated that student loans in themselves quadruple the cost of education.

[@kwamebushman606]

Are you aware Dave has declared bankruptcy in the past to wipe out his personal debt obligation? 🤣🤣

[@gregoryking4796]

@@kwamebushman606 what's so funny about what you said... Or are you one of those people that has to laugh at their own jokes because they suck

[@kwamebushman606]

@@gregoryking4796 Nah it's funny because he's out here telling you all that student loan forgiveness is bad .. meanwhile he borrowed and lost MILLIONS and declared bankruptcy back in the 80's for all his personal debt obligations to be wiped out. And that was okay, somehow that's not a scam. Meanwhile student loans, propped up by his generation (boomers) ripping off 18 year olds is not a scam rather asking for forgiveness JUST LIKE HE DID is a scam. And I was laughing because y'all don't seem to get the irony in him benefiting from bankruptcy while saying students getting some of that benefit is a scam

[@jayprice4543]

Ask NOT: "What do you want to be when you grow up?" ASK: "Who do you expect/want to sign your paycheck...when you grow up?" Then, make your plans accordingly. This guidance would get kids thinking and making wise career/college decisions.

[@phukyew14]

It's not colleges, it's demographics.

[@NoName-tx5gn]

We took the initiative to pay down our debt during this forbearance. We started with 93K in Jan 2021 and we will be out of debt by March 2022 and bought a house in the middle of it! Best advice I can give you is drive the cheapest (safe) car with wheels you can find. Both of our cars were less than $4,000 total and we bought them this year.

[@A_lantsov]

What car brands do you find to be the most reliable?

[@NoName-tx5gn]

@@A_lantsov Honda over Toyota in my experience. We’ve had a Corolla and Highlander poop out at 180K. I’ve had a pilot go to 348K, CRV at 220K and currently have a civic at 210K. All three original everything expect new AC in civic at 200K

[@straightwhitemale6959]

Let's go Brandon!

[@jimmygeorge436]

❤️❤️😂😂👍👍

[@davey11ify]

Who's Brandon?

[@a_9408]

Let's go China!

[@fredzag2452]

@@davey11ify Dave, Brandon is a race car driver. In an interview after the race, the crowd behind him was yelling screw Joe Biden, and the interviewer said they are cheering "Go Brandon"!. It must have jinxed Brandon, because it turned out instead of a win, Brandon came in second. I saw the explanation on the O'Reilly factor. Now you know, Brandon Brown.

[@lisa-wr4wl]

It is estimated that student loans in themselves quadruple the cost of education.

[@vbjoker]

I'll tell you where it all went to hell. By the late 80s school admins made a push to focus on sports instead of vocational training. Emphasis on more money then realistic world necessity. On top of that it became the norm to say you need a degree to have worth. Fast forward to today and here are the results. Sad.

[@superchuck3259]

Rare things that take effort to get are worth more, who thought? What is more rare coal or gold? Both come from the ground!

[@lisa-wr4wl]

It is estimated that student loans in themselves quadruple the cost of education.

[@Scorch1028]

My lenders put me on a 20-year payment schedule to pay off $30k in student loan debt, and paid off my loans in 16 years. It took a lot of discipline, and I "went without" cable TV, cell phones, and a new car for 10 years after graduation in order to pay off $30k in 16 years. I had to make a ton of sacrifices to pay off my loans -- while people in my peer group who racked up over $150k in student loans, have been spending thousands of dollars on vacations, smartphones, smart-watches, cable TV, streaming services, and new cars. Now these irresponsible people think they deserve "student loan forgiveness", just because they had no desire to live on a budget during and after college. What the hell?!!!

[@Scorch1028]

@@caseypayanI remember thinking that my student loan checks were “excessive” given the amount of money that I actually “needed” to attend college and cover my living expenses. I almost dreaded receiving large checks from my lenders, because I “knew” that I was going to have to pay that amount back plus interest, in addition to the amount that went toward my tuition. The only time the extra money helped was when I had expensive auto repair. I never spent my borrowed money extravagantly.

[@Daniel-wp8ki]

What a joke, meanwhile corporations avoid paying their million dollars debts by filing bankruptcy/changing their names and keep making millions. You all got punked! Corporations socialize losses and privatize profits.

[@erica8165]

Taking on a six figure debt to get a low five figure salary is downright stupid!

[@devinmcgroot7560]

That's the problem that stops people from getting educated. If it was cheaper (debt forgiveness) then more people who are smart would be able to study.

[@serge.l.1897]

Yeah, students all voted for crazy Joe, they heard his promises and they bought it. What a bunch of minions. 🤣

[@briannadickson2884]

That is any voter ever! It's all a joke.

[@charlesc4255]

I got accepted into a few universities after high school, but in the end decided to go the community college route and transfer to a local university afterwards. At that time, this was what made most sense, financially. My family simply did not have the means to send me to the other universities I wanted to attend. I worked 3 jobs throughout college, paid as I go, and was lucky enough to finish debt free. Didn’t use a dime of my parents money! I may NOT be able to tell people that I graduated from a famous university, but I CAN tell people that I make a decent living and am able to allocate a good portion of my income to savings/personal use, rather than student debt. I know these famous schools may be the more tempting choice, but sometimes you have to consider you/your family’s financial situation and make decisions from there. I know life choices aren’t a always based on money, but just telling my story.

[@jaket.9193]

Ive worked for a government entity for the last 16 years. I did not qualify for PSLF so i snowballed my student loan. Now im one step closer to being debt free.

[@thereissomecoolstuff]

Forgive the interest but never the loan...you cannot gift public funds.

[@paulmasterson386]

In Europe college degrees take three years not four. Perhaps cutting the length of US degrees by a third would be a good place to start.

[@gatu1353]

You mean by a quarter lol. Maybe you could use the extra year

[@paulmasterson386]

@@gatu1353 well said! Sorry! I failed my maths O level!

[@kowalskimj89]

As an American that lived in the eu before 9/11. I think the eu could use the extra college. It wasn't until I got back to America that a Doctor was able to repair my damaged ear drum. I took flights and trips from Italy to Germany every 6 months just to get proper treatment. Maybe just a bad experience but everytime I've had an issue in America its been taken care of within weeks if not days.

[@paulll47]

@@kowalskimj89 I have a friend that had the same experience only in America, spent thousands of dollars to get his eyes fixed and the doctors only managed to make it worse, I told him to come here in Italy and see a specialist and he fixed his problem in a month. The doctors skills is subjective, the price of medical care however isn't, my friend didn't have access to the cheap medical care any Italian would have and it still costed him a lot less than he would in America. Also medical studies in Europe have the same duration as in American (and probably the rest of the world).

[@quitusmaximus4664]

Never had student loans - the Marine Corps paid my tuition - open to anyone that wants to serve. Local trade schools are looking for people and they will pay 100% of your tuition - books - fees if you work for the company for some years afterward. If your degrees ends in the word "Studies" you are not going to get a job that pays more than minimum wage.

[@dodgefielding4007]

I’m in high school as of now and I’m not going to college. Let me tell you it’s sad seeing kids going thousands of dollars in debt with absolutely no concept of money or how it works except that it pays for their McDonald’s and nice shoes

[@catherineheart3436]

I was promised by the Depart of Education since 2007 that do long I pay on time and work full time as a public service worker -I would be forgiven after 120 payments aka 10 years. I’m still waiting

[@chandleranderson2174]

Hi there!

[@superchuck3259]

So the government lied to you, not shocked.

[@lgee9027]

Please check on the waivers they have out!!!! Im not sure how it works but its supposed to help get the PSLF approved

[@zuzuspetals6040]

It’s not an arbitrary denial. It sounds like you didn’t have the right type of loans, payment plan, or employer. Master the details and demonstrate that you’ve met the requirements. I am not convinced that this is a scam.

[@miltonfrank357]

Nobody becomes a millionaire or billionaire by working for others and depending on them, good Investment breed millions of dollars consistency breed billions

[@stockupwithlarryjones1201]

I tired trading Bitcoin once but was confused and got discouraged by the constant rise and fall in price

[@melindabriggs7068]

Yh I'm a living testimony of expert Williams David, My first investment with him gave me profit of over$24,000 and ever since then he has never failed to deliver and I can even say he's the most sincere broker I have known

[@frankben5340]

I heard his strategies are really good

[@shawnbenjamin3382]

Mr. Williams David is obviously the best, I invested $3000 and he made profit of $28000 for me in 9days

[@Anthony-bc5me]

Trading Crypto with Mr Williams David has being a game changer for me

[@gordongekko2781]

On behalf of all the responsible citizens who actually contribute to the economy and pay taxes: I would like to express my opposition to a program that would take from responsible citizens to give to people who refuse to accept responsibility for their decisions (no one forced them to take out these loans) and many of whom chose to pursue careers in fields that are low paying (again entirely their choice). If you choose to do what is fun rather than what pays well, then that is entirely on you, and you should bear the consequences, not me. The rest of us were willing to do the hard work that needed doing while you were doing whatever felt good to you. Guess what. Now the bill is due. Pay it yourself!

[@jeremesmith9266]

Stop federalizing student loans. Problem solved

[@sippingtea4743]

My kids cash flowed their 4 year degrees in 4 years and left my house with $20,000 of their own money debt free.

[@Concerned502]

"College Debt Forgiveness" Transfer of the debt to people who never asked for, agreed to, or benefited from the loan.

[@zarach9459]

In other times there was something called personal responsibility, the idea is that each person has to be responsible for their actions and in case of making a mistake face the consequences and solve them, but that is heteropatriarchal, now there is something called social responsibility, so each individual can blame society for their mistakes and pass the consequences on to others.

[@superchuck3259]

F your Freedom. F personal responsibility! F J B

[@Flap999]

@@ericmead916 Government supplied "education" is indoctrination sir. Trust them with your healthcare and see what happens.

[@knitwit7082]

Nobody has to pay MY loans. I agreed to repay them, I have, and I will until they are paid in full.

[@knitwit7082]

@@Flap999 I went to a public university and got a bachelor's degree in a top-rated program. I have had a good career because of it. I wasn't indoctrinated. I was taught history, philosophy, science, literature, and the law (my major). I was taught by different instructors who had different opinions. I formed my own belief system based on what made the most sense to me. THAT IS AN EDUCATION! Not an indoctrination, which turns out cookie-cutter graduates who have been coerced to believe one way, the way the instructor says is right. It is sad that kids now are only taught from one perspective: they are afraid to stray from it for fear of criticism and condemnation. I got my degree at 35. I am glad I waited until I was an adult. I saw 18-year olds, mouths hanging open, intent in every word the instructor said. I thought, this instructor is is full of 💩! I had real world experience to compare with what they said. At 18, kids don't have that. Maybe the answer is to have kids work or go into the military for 3-4 years before they go to college. I guarantee they would get a lot more out of it.

[@ljones98391]

There was a time in the 1980's where most businesses would indeed hire anyone who had a 4yr. degree in anything over another applicant without a degree. My thought is this was where the push for college among the masses began. It was after that college costs soared to unbelievable heights.

[@kloughman100]

I just retired from teaching chemistry at the high school level and I used to tell my students that not every student needs to go to college! It totally went against the push from everyone there, but I didn’t want to see my students disabled with mountains of debt when I knew them better than most people in that building and knew that at THAT point of time in their lives, they were not ready for college (and this was only a few, not all of my students!). Over the past 25 years I saw a huge change in the push for kids to go to college and it really bothered me

[@consumerdebtchitchat]

The problem is we don't teach kids how to financialy prepare for college. And then to make a business decision on whether or not they should go.

[@MsLucky443]

People go to a school you can afford. Community college, especially for the first 2 years is smart!

[@VapidSlug]

Add a little to that: go to a 2-year TRADE school. A hard-working welder can make more than a hard-working physician all while having a lower suicide risk. Do not do your first two years at CC then go to a university; that is also a scam. you will be lucky if 20% of your credits roll over.

[@brianholloway6205]

@@VapidSlug lol what where did you get this suicide data? Seriously

[@brianholloway6205]

@@VapidSlug PS you are lying and made a blanket accusation that is not true. I’ve transferred and this statement of yours is NOT true

[@VapidSlug]

@@brianholloway6205 im not going to Google that for you, physicians finally usurped dentists for that unfortunate crown. so far as the credits transferring, is your anecdote supposed to be better than my anecdote? because, after a lengthy battle, my last university transferred 0.5h of my credits out of 12-- they tried to transfer nothing. my university after that refused to transfer ANY at all and i had to retake undergrad courses which i had a master's and previously taught. the only way i would trust a transfer is if the two schools had a contract.

[@brianholloway6205]

@@VapidSlug of course you can’t point me towards your information. I asked because there is no evidence and I can’t find such evidence so absent some strangely obscure part of the internet it doesn’t exist. Second, in terms of transferring credits, so this is beyond ignorant. I’ve literally gone through this process 3 times. I have THREE higher degrees and have gone to school in 4 states and two countries. You are blatantly lying and attempting to make vast accusations without any specific evidence. Such as school names. What’s really important to note is that even if everything you said is true about one school it doesn’t hold true to every school in your state. Unless your schools were unaccredited. Period.

[@rayshepherd2479]

Me and my wife went to community colleges for our first two years then switched to Universities. This cut the cost greatly especially since we lived at home with our parents while attending the community colleges. We both worked summers to help pay for our degrees. She graduated from UCLA and I graduated from USC.

[@19valleydan]

Yes, there's really no point in doing the first two years at a four year school. Mostly just a repeat of HS until you get to junior year anyway. Make HS more rigorous, cut college to 3 years.

[@superchuck3259]

Well I went to community college too. A friend, went away to school, became a drunk and flunked out before done with freshman year. Ended up back in community college but was so damaged from the failure, I dunno what happened to him.

[@superchuck3259]

@@19valleydan In Florida, you know the demonised by the democrats state, yep Florida offers all students the opportunity to take completely free community college classes while in highschool. If a kid plans right, and works hard, the kid can earn some credits up thru getting an entire 2 year college degree for free. So yes, there is already free community college, no need for Federal government to make it mandated. Also my wife had a good point. Once the Feds make Community College free, they could make it mandated and force kids to go to it, basically like more high school.

[@ajack4093]

When did you graduate? Way back when hamburgers were just 5¢?

[@rayshepherd2479]

@@ajack4093 We graduated in 1968 and 1970. At that time college costs were much cheaper but it's still much less costly to do your first 2 years at a junior college.

[@dickritchie2596]

I was an electrician in the Navy. When I got out in 1985, I was strong and willing to work. I begged, I mean I BEGGED for an entry level trades job. I was told I had to be in a union. So when I talked to the trade unions, they said I had to have a job first. So I finally had to admit my mom was right and I went to my state’s four year land grant university. The first degree was Mechanical Engineering. Tedious and pointless. The second time, accounting. That worked. I also picked up an MBA after I worked about 10 years. I would advise any young person to learn to code and pick up enough accounting classes to sit for the CPA exam. (Yes, I have that certification too.) You can do those things through a community college system but there won’t be any pretty girls there. I’m retiring in 30 months but that’s what it took for me to earn a middle class life- style. God help the young people of our country and I sincerely mean that. Especially if you are a white Christian male.

[@Jsreviews88]

White Christian male… You mean the group that literally runs this nation and was behind all its faults and woes? That group needs help? You old Boomers are moronic bunch.

[@benelevate449]

Dave hasn't done his homework here. PSLF is on track to deliver over $120 billion in the next 10 years, and forgiveness granted has grown over 700% year over year. The early applicants were never expected to be successful, and now even they are getting their loans forgiven. Telling people to overpay on loans on track to be forgiven through a contract is just negligent.

[@donasmith6081]

Everyone who has or ever had a college loan should sue the government or the college.

[@republicunited2183]

It’s not fair that some of us paid off our loans. While others do not have to! One doesn’t need a college degree to understand this.

[@playgroundofsound7683]

@@republicunited2183 life is not fair, but point taken

[@joannehamilton3470]

@@republicunited2183 Well, you voted Republican did you not? So take your grievances there. That’s why Biden was voted in. The country needs to move into the future, and upgrading the education system has a vital role in that.

[@mikepotter4141]

Shift blame from themselves?

[@mikepotter4141]

@@joannehamilton3470 Joe Biden doesn't equal improved anything. Stop watching theater and seek out information.

[@sippingtea4743]

Dave Ramsey!! What an awesome financial guru! I am debt free and an everyday millionaire following his plan. We had one income for a family of 4 and averaged $60,000 a year.

[@devinmcgroot7560]

yeah but youre not a scientist or engineer. Those people can't get educated because of neo con pieces of trash like

[@aaa7189]

Why isn't anyone getting on the schools for charging so much ???

[@elaine1743]

Ever since the government started giving out loans is when college tuition skyrocketed.

[@jimziemer9826]

That’s what happens when the government guarantees student loans.

[@gregorycross2200]

College has always been free in America , 6 years military service will pay for law school or medical school

[@miawarren8735]

Not during the Obama administration. My husband signed up for college benefits though the US Air Force. He passed it on for our daughter before he retired and Obama canceled it. So we got nothing, not even the $ 1,600 dollars we put into it back.

[@gregorycross2200]

@@miawarren8735 that's not the same program, that's the GI bill , if you go to a recruiter and take some test and pass they will pay you E5 pay all through school as a reservists and pay for every penny of school books papers pens etc. When you finish you agree to serve a total of 10 years 6 years active and 4 years reserve you will owe nothing. The only issues with some folks , you cant have an art degree or any other non sense degree . Then they have programs that will pay your degree off if you will sign up for remote areas that are in need of Doctors , engineers teachers and other actual degrees that are in need in rural areas . The problem is we dont have children that have been taught hard work and sacrifice and how to work for their next generation of family, so that generations are paid for by their hard work .....

[@ajack4093]

You are right. Who wouldn't love to go fight over sea for oil under the false pretexts of fighting for liberty? No thanks moron.

[@5crownsoutreach]

Yea, you need a specific track with either government and military with a four year if it will amount to anything worthwhile. But the trades have always been rock-solid career tracks.

[@lisa-wr4wl]

It is estimated that student loans in themselves quadruple the cost of education.

[@staceystrukel1917]

Not for women.

[@SA-tr5lv]

I am a university professor and I TOTALLY agree. I will encourage my family to look at the trades and be useful. I also would probably have done it if I had it to do again. Additionally, leaving the propaganda machines pretending to be educational institutions is always a good idea. Unless you are going to university to train for a PROFESSION (which few degrees do), skip it, and get a trade! You'll be happy, you'll be wanted, and you'll be valuable.

[@Me-tb8rs]

So what about Doctors and Nurses? We have to go to college. We do not make a lot of money and student loan debt is astronomical! Most developed nation have free education! Whats wrong with this greedy country? Be a plumber? Be useful. Lol what a slap in the face.

[@SA-tr5lv]

@@Me-tb8rs Training to be a doctor or nurse would be a profession...to which I was referring. You just helped support what I was saying. Thank you. As for cost, that was not part of the argument, but I agree that the system for financing training needs some reimagining. I do take issue with your statement that "most developed nations have free education". First nothing is truly free; and second, many do have a tuition cost.

[@Me-tb8rs]

@@SA-tr5lv I apologize, I misread your initial comment. We do agree on that point. Although there are costs, Im sure that they dont compare to this country. This country should most certainly have free education, at least a 2 year degree. Most of us who seek higher education are set up for financial ruin before we can graduate. We are part of a selfish, capitalist society that claims to be the heroes of the world yet dont want to help one another.

[@SA-tr5lv]

@@Me-tb8rs I agree the costs are high. However, I do not agree that capitalism is the problem. A tool misused does not make the tool bad. Capitalism is not perfect, but it does allow the most opportunity and freedom. I have lived in countries that have been under communist rule. They are a disaster and everyone lives in poverty and ruin. A medical degree there means compelled work for nothing and the work it took to get there yields little. Yea, helping people as a physician or nurse has its rewards, but humans need to see the fruits of their labors. We need to see progress. No other system provides that. PS-communism never works. No one can point to an example that does and when they think they have, a closer look reveals that country to be capitalist ...just with more and higher taxes. A better solution is to fix the great system we have and encourage people to stop looking for handouts. An ideal system will allow all to work for their goals and still see their progress.

[@matto.1074]

Just one story… Wife did a second career, went to a PA state school, now a special Ed teacher, did take on debt, paid on loans for about 13 years, and it took close to 2 months of working through the process, but she did get the full $17,500 in forgiveness. We did it all on our own! It helped us tremendously and now we have zero debt other than mortgage - as well as savings, retirement investments, and fully funded emergency fund.

[@bernardkupilikjr512]

Student Loan forgiveness doesn't forgive the loan. It just transfers the loan to those who never asked for the loan, agreed to pay back the loan or gained any benefit from the loan

[@zarach9459]

That is correct, the debt will now be paid by the citizens of the United States who will get worse public services, more tax burden and greater difficulties in obtaining medical attention, because the money that would be used for those things has been used to pay for the studies of inept young people. that despite knowing what they were getting into when applying for loans, they did it anyway.

[@WCCXtra]

Should we also make bankruptcy illegal? Make student loans dischargeable through bankruptcy again and this problem will solve itself. Lenders will be a lot pickier and fewer since they won't have as many propagandized people to exploit.

[@gykg3202]

Why I cant afford college? Dave Ramsey : “Because you are driving it” 😀😀 True!

[@charleswhite7035]

Imagine Dave Ramsey talking about scams. I guess he should know he's been running one for years.

[@denisehansen1399]

Good show, love both of these folks. Dave Ramsey is full of common sense, a rare treat these days.

[@michellebisson7027]

Aren't these universities tax exempt? I mean why are the costs of tuition so high?

[@josmotherman591]

You are right. That is the biggest scam. The tuition is high because the government provides the loans that almost anyone can get. Third party payment is always exploited. There is no logical reason for tuition to. be that high. It is like the textbook.scam. They give you a loan, then make you buy brand new extremely expensive books, from them, with that money. It is all a scam.

[@michaelbain4930]

@@josmotherman591Textbooks are the biggest scam. When I was in college they made me pay $500 for a math textbook. After about 1-2 months we never even opened the book and i asked my teacher "when are we going to use this book?" My teacher replied "oh that book is for review if you feel like looking at it in your spare time." $500 for a book that were suppose to use for review now thats BS.

[@needhelpwaquaregiadrop562]

So does getting a deduction EVERY YEAR for EVERY KID and a child tax credit be something I should be screaming about? I don't have kids. Not everyone wins every time. Let me mention all the corporate tax breaks, church tax breaks and every other break I've never received!!

[@cswann8]

Dave needs more time in the national spotlight. I've been following his advice and I've gone from a guy who couldn't finance a pizza to being debt free and about to buy my first home.

[@realtalk7547]

Government generally does not make anything cheaper. They just shift the cost to another at a higher price. That in part is why college is so steep.

[@brianmccain8818]

To decrease the price of college, get the government out of backing student loans for any amount. And don't defer payments till after graduation. Then you'll see demand go way down and the schools will adjust.

[@realtalk7547]

@@brianmccain8818 You are right on the money. Government all to often creates a moral hazard to wit schools won't act responsibly.

[@amiman23]

My dad was collage educated but it didn't help him to live a sober life.

[@hadenanderson563]

Yikes.

[@knitwit7082]

I am sorry about your dad. I have a son who is an addict. I know.the pain it brings to the entire family. However, being educated is not causative or preventative for addiction. Addiction is a genetic predisposition that can happen to anyone in any walk of life. I pray your dad gets the help he needs and can live a sober, healthy life. I know what a struggle it is. 💔

[@thebaptist3585]

That’s what college does to some people, live in the world and become “caught “ by any means necessary. Listen to the masses, suffer like the masses. Knowledge, good or evil, will always cost.

[@John--]

In his defense, nothing really helps you live a sober life.

[@bludeuce3855]

so was mine but it helped him find a good job

[@tebluth]

This claim that public service loan forgiveness doesn't work is unequivocally false. I started on that program 11 years ago and have worked in public service ever since. I followed the program requirements. And what do you know, I had my entire 105k loan debt wiped away this past July. This claim he makes is outright false.

[@sophiasmith5949]

I just hope that no one in the comments have filed bankruptcy while judging those who are hoping for student loan forgiveness.

[@carly2981]

Expensive and useless , why to pay all this $$$$ for your kids to be indoctrinated ,

[@googleuser868]

It's free indoctrination if you get enough grants.

[@superchuck3259]

@@googleuser868 Tax payers pay the grant funds too!

[@michaeln.2383]

A KZbinr who graduated from UCLA with a degree in psychology is now going to travel Europe making KZbin videos. What the hell?

[@michaeln.2383]

The problem is that his channel has very few subscribers and his videos get very few views. KZbin success is a needle in a haystack, and it doesn't take a degree from UCLA to get started.

[@khadiyahthomas3962]

Almost turned away from this but Ramsey made great points about how this is sold to basically children, yet the irony is in the people and institutions doing it. Not to mention the racial equity gap that never comes up. Looking forward to watching.

[@Elior1030]

I am sure those reporters don't make less than $20 per hour. That's why they talk like that. Their parents were able to afford tuition.