I Qualify For Student Loan Forgiveness In 4 Years, Should I Wait For It?

[@JohnDoe-cg7rs]

Dave is 100% wrong. I had $180,000 in student loans from law school recently forgiven under PSLF.

[@shaunwilliams8738]

The people who were rejected either hadn’t yet met all 120 monthly payments or didn’t read the fine print on what type of loan you needed to consolidate into and what payment plan you needed to be into. When you took out the loans, the promissory note you signed guaranteed PSLF.

[@jd-crypto2839]

His position on this is so frustrating. He has no clue what he's talking about. You nailed it with your comment.

[@lionheart93]

aren't all loans except private eligible ? Man I am not sure what people are going to do with the long pause on student payment if they intended to apply for this public service forgiveness. probably have to pay upfront the equivalent worths of 3 unpaid years or pay for an additional 3 years before they qualify for this.

[@davidpitts3236]

@@lionheart93I signed up for this and they gave me 6 payment credits of the 120. I graduated 2 years ago. Haven’t made a payment yet. Got everything consolidated and enrolled in PSLF. there is no payment up front, the program basically starts your credits at 0 when you enroll.

[@AmandaHugenkiss2915]

There's going to be major, major pain. One of my kids is approaching $90K. I pay the interest on the unsubsidized loans and the Sallie Mae. Nearly $600/mo and he's not done yet. It was nice having three years of no interest so I could pay on the principle. If you take loans you better make darn sure your degree will make you good money. Otherwise you will be crippled for a lifetime with debt.

[@RedFive03]

​@lionheart93 the $0 payments during the pause all count as qualifying payments under PSLF.

[@Spam387]

A lot of people have worked and qualified on their loans with PSLF. You have to do yearly paperwork and have the right kind of loans - its definitely a red tape/paperwork nightmare, but you can qualify and get it.

[@royjohnson9043]

its not that hard actually. Just renew certification every year because payment changes with your income. They just have to be federal loans. Done.

[@Mike-zf7lo]

PSLF is legit now. It's been revamped and people are actually getting forgiveness which they weren't before. I used to be super against it and was planning to just pay my loans off once the COVID forbearance ends. I could pay off my $174k in loans today (the entire sum is sitting in my HYSA since I've been saving for 4 years for this), or I can work another 5 years and only pay $60k. I'm keeping that extra $115k, using it for a down payment on a house, maximizing my emergency fund, investing the rest, and setting myself up for a bright future. If it was only a few grand, I'd just pay them off and be done with it. But the hassle, to me, is 100% worth saving six figures.

[@schapediddly]

It wouldn't have been that big of a difference if you would have been throwing all that money at it when you earned it instead of stashing it away. You've been letting the interest inflate it for 6 years... Not to mention what happens if this changes? What happens if you get denied? 4 MORE years of interest added on. Another thing a lot of people really did not take advantage of was the pause of interest on student loans during COVID. If you continued to make payments during that time, EVERY CENT of it went towards the balance. A lot of people could have made a lot of progress during that time.

[@TheCmovius]

That is what I’m trying to do. I’m not 100% sure I’ll stay at my company, I just want to keep my options open. But I have 3 1/2 years left, so I’m covering the interest and a little more & saving a bit more on the side. If I step out side a qualifying employer I’ll pay down more aggressively, and if I’m at a qualifying employer I’ll coast.

[@pey7777]

You don't apply for PSLF after 10 years.. you apply when you start working that job and then you follow the 10 year payment schedule and get the loans paid off. Those people who only applied after 10 years were doing it WRONG so they clearly didn't get approved...

[@lolololololololol539]

Lol if they decide too after those 10 years and the interest on them are so high. Unless you pay a high monthly payment you’re forced too do what you’re explaining above. Just insane

[@Andrew-wl1gf]

Wrong. You can only qualify to apply for PSPF after 10 years. Yes you have to follow the payment plants, but you don’t apply at the start

[@kaylawilliams2765]

@@Andrew-wl1gfnot true. You apply and certify that you work for a qualifying employer each year you pay off your loans. I just started and am enrolled in the PSLF program, every year I have to certify I still work for an eligible organization then after 10 years they’re forgiven. One of my coworkers just had $5k forgiven a few months ago

[@jess4321_]

⁠@@Andrew-wl1gfwrong, you can apply when you start your job in a nonprofit/government/public service sector. They tell you as you make your monthly qualifying payments to the 120 you need to make how many payments you have to go (so a 10 year timeline minimum). Every year you need to re-certify for it.

[@SkydivingSquid]

You don't "apply" to anything.. after having 10 years of consolidated qualifying time and making 120 payments, whatever takes longer, your loans will be forgiven once requested.

[@jimmymcgill6778]

If you qualify, take it.

[@alinatamashevich3354]

I am willing to bet you qualify for many "free" programs.

[@jimmymcgill6778]

@@alinatamashevich3354 That's all you know how to do. Is complain. Because people can think for themselves.

[@meton875]

Worked for me

[@brycecall1819]

@@alinatamashevich3354including your public education. Haha

[@alinatamashevich3354]

@@brycecall1819 And your as well!

[@sussannekeith5676]

The GI Bill is very different… you volunteer and give four years guaranteed of your life to the military you should absolutely be rewarded.

[@3864267]

I don’t know if it’s that different. If you do very difficult work w difficult people that requires a high level of training you too should be rewarded

[@brannycespedes6027]

@@3864267 The GI Bill is different; rather than "forgive" you -- it grants you -- you cannot use the GI Bill to pay for loans and or tuition that you had prior to enlisting/commissioning in the military and being eligible for the GI Bill. In other words, the BI Bill cannot backpay you. The GI Bill is also not as much of an "if" with a bunch of conditionals. If you earn it, you use it.

[@wololo4761]

I swear Dave's production team troll him by putting callers through who ask about student loan forgiveness. You can see the pain on his face when it comes up...

[@bamar03]

My loan was paid for 🎉

[@meton875]

Me too

[@motorcyclemichael2182]

Ditto 😁 TEPSLF baby!!!!

[@arij1129]

I just got my student loans forgiven. It is real. I’ve worked in public service serving the public and our country for years. How dare anyone say we don’t deserve the forgiveness.

[@ProXx27xX]

We don't deserve to pay for your student loans via taxes son

[@financialwisdom432]

Yep! Me too

[@shannonjohnson4314]

I work in clinical research barely making a livable salary and I agree we deserve it. Without research we wouldn't have the lifestyle we have now.

[@Onewildandcrazyguy]

​@@ProXx27xXstudent loans and grants paid for by taxpayers

[@kinfolk233]

@@ProXx27xX We'd paid for your public school education.

[@SnapshotTube2]

Dave has lost his marbles. His stats are completely devoid of context. Each certification is considered an application. That means when you annually certify PSLF it's counted as a denied request until you reach 120 qualifying payments. This is the extremely misleading and Dave should pull these videos.

[@thereefaholic]

Sounds odd, you know whether or not you qualify for the public service loan forgiveness program when you apply for it which is right away. Then every single year you have to prove who you work for and they give you a countdown of how many payments you have left. So it’s not like you’re applying at the end only to find out you didn’t qualify you have to be in the program when you start.

[@SnapshotTube2]

DO NOT FOLLOW THIS ADVICE!! Dave has no idea about how PSLF works

[@rebeccatoruno4986]

Respectfully, I think he’s correct. I have been on the PSLF for 10 years and made all my payments on time and now they cannot follow through with it due to the litigation. I made a decision 3 years ago to start paying it off and Zi will finish paying off the 50K this month, the honorable way. Don’t trust the government, 99% of all who applied will never see “forgiveness.”

[@noregertsyamsayin8011]

Can the people without student loans get mortgage loan forgiveness?

[@tduck828]

Or get a refund from paying upfront in cash.

[@thunderthumbz3293]

Its called bankruptcy. Dave's done it.

[@mattmasteringer4399]

Just sell your house if you can’t afford the mortgage, student loan borrowers don’t have that option.

[@noregertsyamsayin8011]

@@mattmasteringer4399 don't take the loans if you can't afford them.

[@HsenagNarawseramap]

@@noregertsyamsayin8011 students shouldn’t be allowed to declare bankruptcy like any businessman

[@djpuplex]

They are still making the loans. Won't happen.

[@David-wo9un]

Exactly; pretty hard to forgive while simultaneously handing them out.

[@dukeandmary2578]

Several people are getting their loans forgiven through the PSLF program. If you qualify, you should go for it!

[@jrwntctv8091]

In other words, not very many people at all?

[@markattenborough9107]

Definitely a little out of date but accurate to a year ago....the past couple of months it has veen a magnitude for people who have their PSLF finally approved and loans forgiven. Would like to see what the official analytics on it look like now

[@jimmymcgill6778]

Based on these comments, either people don't know what a PSLF is. Or they just read the title and not watched the video.

[@alinatamashevich3354]

Please explain Ole' wise one. You are annoying AF

[@roadrash3791]

Half of the calls that Dave get are about student forgiveness

[@jimroscovius]

Many clueless people out there. My niece taught at a school where could get forgiveness after 10 years. She paid anyway, and then decided to go to a different school after a few years. She was smart by not being tied down. This guy is not.

[@jimroscovius]

@@FromHomeWithLove24 Agreed. She got tired of being in that school with so many problem kids and lousy administration. She likes where she's at now.

[@jimmymcgill6778]

Yes wait. Just pay the minimum.

[@adamseidel9780]

Oh Saul, how good to see you again.

[@redfox_84]

Might as well keep waiting for forgiveness. The student loan payment pause is going to keep getting extended.

[@DerkyYog]

Dave is WRONG on this one. The issues with the PSLF program have been since fixed and I know plenty of people who have qualified. Dear caller, please take advantage of the PSLF because you are so close to it.

[@mr_c7vette]

Facts and the issue was most people didn't follow the guidelines properly

[@victorn6065]

Agree with this. But Dave's advice makes sense by principle. On the other hand, mathematically, he should continue on PSLF and save what he would have put in while being "gazelle intense" to pay off the loan in case PSLF falls through

[@meton875]

Who is fact checking for him? This is inaccurate and just plain embarrassing

[@mr_c7vette]

Maybe because it goes against his baby steps.

[@suzannec.6468]

Thankfully, I took a coworker's advice and applied for PSLF even though I was doubtful. It took several months, but I just had $11K of parent plus loans forgiven.

[@7livelaugh]

Wait until they see the forgiveness numbers from 2022! Rates are going to be significantly higher.

[@imojen83]

Ughhhhhh. I wish people would STOP calling Dave about student loans. He’s clearly bias and it’s also clear he isn’t up to date on what is/was happening. This call occurred in June 2022- when the PSLF waiver was in effect (ended Oct 2022.) It was more or less the govt saying- yeahhhhh, we messed up on this program for years and made it difficult for anyone to apply and here’s the first step to making it better/more user friendly. I myself consulted a student loan CPA/accountant- NOT Dave Ramsey in Feb 2022 to ensure I was on the right track. It turns out I wasn’t. I had zero qualifying payments despite knowing I should at least have 5 years. What did I do? I jumped through the hoops did everything the CPA told me to do. It took patience but as of this month, I have 96 qualifying payments. I’m set for forgiveness in summer 2025. I am leaning in hard to the REPAYE/SAVE program, I’m clearing out my credit card debt, investing (grown my net worth $50k in the last year between investing plus debt elimination), redid my backyard which only added to the appraisal of my home. A $4k backyard project, tacked on an additional $12k to my home equity. What did I not do? Pay my student loans, leaned into the forebearance. When I do need to start paying my loans, I will gladly do so- knowing that I’m doing it in the most strategic way- have less than 2 years in doing so and am building my wealth. Summer of 2025 is set to be a season where my net worth changes drastically because of the strategy I’ve implemented. But what if I lose my job?😢 Um, I’ll get a new one. Like non profits are begging (for at least in my field social work) for hires and offering $5k sign on bonuses that you receive at your 6 month mark- which is gone in a snap. I get so riled up about this, specifically. I hope this couple didn’t take Dave’s advice. If they did, it’s not too late. They can call their servicer up and ask for a full refund of any payments they made during the forbearance period- and they’ll still get the PSLF count. Maybe if they had 50k or less in student loans- sure, knock it out in a year or two and sleep better at night. But $120k? They could instead pay off their house with that, max out their retirements, HSA, etc. And at forgiveness- student loans would be gone, and their house would be paid off along with having a healthy investment portfolio. As a taxpayer, they’re already going to get the tax bomb over the years to come? Why double pay as a borrower and a tax payer, when you don’t need to? It’s one of the few loopholes that low and middle class individuals and families have. Take it! Consult, come up with a strategy and execute.

[@imojen83]

Couldn’t help myself- had to like my own comment😂. I wanted to add that- I’m a single, female who has no support from a partner or family. It’s just me. As mentioned, I’m a Social Worker, who just started making a slightly above average income. I’ve lived in a HCOL area but have managed to buy a house on my own (a lot of sacrifice, patience and strategy.) Besides just leaning into the obvious loophole of PSLF, I also strongly believe I manage my money much better than the government does- so I want to give them the least amount possible. That’s also another large piece for me. While the US govt has only grown their debt balance sheet, I’m consistently eliminating mine. I’m (along with everyone) alreay paying higher prices in groceries, gas, etc because of government choices- I’m not willing to give them more.

[@ineedhoez]

AGREED!!! That Public service loan forgiveness program gave me a free college education and grad school. I had $168,000 worth of loans forgiven. Over the course of 10 years, I probably paid maybe $5,000 worth of student loans. Strategically, I picked the lowest payment plan because I knew the goal was to pay the least amount of money as possible. When I started, I was making 52,000 a year. For the first 5 years, my payment ranged from $0 to about $250. Then we had the covid pause for about 5 years. Since all of those payments counted, I didn't pay anything. I want to thank the Republican party in George Bush for creating this beautiful program!!!

[@ytr8989]

Yes, just wait for it.

[@kakan9787]

99k forgiven this month. Works for me but you do you.

[@prototype_0xD1]

I've got 15 months left till PSLF kicks in. Since the current admin fixed the PSLF program, all my years of military service now count and all the payments I made also count.

[@MichaelHollen]

My wife and I had $180k forgiven in the PSLF program. My wife had to remain diligent with filing her paperwork annually.

[@mannyjeanpierre4062]

you're the 1-2% that actually gets forgiveness just so it isn't a complete failure

[@makeupnmedicine]

That's amazing! What a relief. Congrats

[@clarifyingquestions]

You forget to add - thank you to your fellow Americans for paying off your debt. your welcome:)

[@brianpeters9088]

@@clarifyingquestions You misspelled "thanks for your public service which pays less"

[@clarifyingquestions]

@@brianpeters9088 This makes no sense, hon. It is not less, but rather it is the same or more. Those who make less pay less taxes ie contribute less. If they contribute less, then I contribute more plus pay off their choices in life. A simple thank you will suffice as I have no trouble paying for other adults' choices:)

[@Vinegarissweet]

In the past, that was true. Many of the people that applied for forgiveness did not pay attention to the rules for qualifying. The govt has made major changes regarding this and for a small period of time they allowed for those mistakes to be corrected. Millions of dollars have been forgiven in just the last year. If you are only a few year's away from forgiveness today you can save the money that you would put towards the loans for your savings such as 401k, HYS etc. If something were to happen at least you'd still have the amount you owe in the bank. It's just an option. If it's effecting your ability to buy a home or something then pay it off.

[@s.stefani2628]

This video provided very misleading information. The PSLF was enacted in 2007 and successful borrowers who started in 2008 at the earliest, have only begun to request forgiveness by 2018. The stats are skewed. This is still a new program, so the "low success rate" you claim is intentionally trying to scare borrowers who want to work in meaningful careers that do not pay well. That is the whole point of the program. PSLF is not the same as asking private student loans to be forgiven! This program is very straightforward, if you work in gov't social services (or other PRE-APPROVED work) for 10 years, then your remaining balance is forgiven. That's after 120 payments. Why would I pay more than the minimum?

[@theninjacat7200]

Thank you for clarifying that...pslf isn't the same as asking for loan forgiveness. You are correct those who participated in the pslf program for 20 years in a qualifying job worked for it. Then, there are those who never worked in a qualifying job, got private loans and want them written off. Two different things...

[@SnapshotTube2]

​@@theninjacat7200😂 what do you think the L and F stand for in PSLF?

[@makeupnmedicine]

The whole point of PSLF is those people take LOWER paying jobs at non profits, MUCH LOWER and give their service to the community for 10+ years in exchange for some forgiveness. Think of all the people who wouldn't be able to care for you, your parents, your kids (doctors, nurses, researchers, teachers, social workers etc)! We would be in an even worse service crunch than we are now if all those people were out, either unable to get an education or taking higher paying job, thus leaving the public service sector even more strained. I have had several friends with PSLF forgiveness granted in amounts of 30-180k.

[@victorn6065]

Yep! This is one of the biggest points people miss about PSLF

[@georgewagner7787]

I have worked in nonprofits all my life and I paid my loans

[@jimmymcgill6778]

Was it planned the his shirt matches his yeti?

[@alinatamashevich3354]

Why do you care, are you cruising for a piece of Dave?

[@georgiesmith106]

Take accountability for your student loans, you will take more pride in yourself if you pay off your student loan!

[@kingjamesthe8046]

Why the rich don’t care about paying their portions on taxes

[@truegrizzlesfan2292]

I get what you saying. But it's a.about Business. Do you understand these multi Billionaire/Millionaire company find LOOP hold to avoid paying taxes. I bet you Dave find LOOP hold on system to avoid paying certain taxes as well. However when it come to avg person, people want us to take pride doing it the right way. GIVE ME A BREAK...

[@jimmymcgill6778]

@@kingjamesthe8046 They pay their fair share of taxes.

[@markdohrmann5983]

I’m more than halfway done with my loan forgiveness plan, and I take more pride in myself that the money I would have thrown at my student loans is instead being put into my 457. If I weren’t having them forgiven, I’d be at the same point with no loan but no retirement savings either. This way, I put in my public service time, get the loans forgiven, and have a good chance at having a decent retirement.

[@ATownFam24]

@@truegrizzlesfan2292 exactly this is our loophole. Taking advantage of it.

[@JustinCase780]

Another student loan call. Missing the days of phony humble brags and can I afford a new car with my 5M net worth.

[@FunTimeStudios82]

Legend has it - Paul is on Dave’s payroll

[@krobdawg]

Well we know who Dave *isn't* voting for in 2024 lol

[@CajunSmack]

Thank God for that.

[@lot2196]

Neither will millions of now wiser Americans.

[@ineedhoez]

It's funny because George Bush and the Republicans are the ones that actually created this program

[@brianpeters9088]

PSLF works and I saved $$$

[@meton875]

Me too

[@Willzurmacht]

Just got mine forgiven $112k gone, Dave’s wrong

[@lisahardy2070]

What is the process? Can you elaborate?

[@flea4061]

That is terrible financial advice. If you have been accepted into the program (and you know whether or not you are), I would certainly pay off all other debt first. Lots of sour grapes out there.

[@jesusbowls]

Terrible indeed. Answer should be: "If you will qualify for forgiveness under the terms of the PSLF program, then you should continue making minimum payments and apply for PSLF when eligible." Dave used similar logic to dissuade business owners from applying for PPP loans two years ago. He was dead wrong about that, too.

[@jimmymcgill6778]

@@jesusbowls yep. That's like saying he shouldn't have fired for bankruptcy, because he took out the loans, and he should have paid them back. Even though he qualified for it.

[@alinatamashevich3354]

@@jimmymcgill6778 Are you really that ignorant? Or is this an act?

[@jesusbowls]

@@jimmymcgill6778 He also says that businesses should NEVER borrow money, but he constantly extols the virtue of investing in mutual funds which own publicly-traded stocks that carry a lot of debt on their books.

[@victorn6065]

I wonder if Dave would be okay with PSLF if it has a higher and guaranteed success rate. If you take the time to understand the program, it's actually good for both the participants as well as for your local communities.

[@Nessal83]

Or how about people stop being idiots and are held accountable for their own actions. Crazy thought. I know.

[@JustinCase780]

George got very pretty all of a sudden!

[@ineedhoez]

I just had 168k forgiven under PSLF. I took a government job right after college. I Consolidated all of my loans and began repayment 2 months after I started my government job. I certified my employment every year. I probably paid less than $5,000 in student loans over the course of 10 years. Especially with the covid pause. Thank you George Bush for implementing this wonderful program!!!

[@stevegold2784]

You signed up for the loan. YOU are responsible for cleaning up the debt, nobody else.👍👍👍👍👍👍👍👍

[@theninjacat7200]

wait for loan forgiveness. You're a hard worker - you have earned this.

[@ven412]

They took out a loan knowing they could sacrifice some potential income by working in underserved / underpaid areas for the return of having partial loan forgiven.

[@siva47931]

Dave should have listened to you before filing for bankruptcy

[@theninjacat7200]

@@ven412 the problem is this: when does the 'sacrifice' end? The program which promised so much relief after 10 years didn't provide relief. Come back and talk about this when you're living it.

[@ineedhoez]

​@@theninjacat7200i got 168k wiped out

[@thunderthumbz3293]

Not forgiving student loans after the debtor has complied with the all the requirements is breach of contract.

[@LastDragonRide]

The lady in yellow is very smart with a pleasant voice.

[@treypelham5515]

If you loan it out, pay it back. Have a plan and grind. I just don’t understand how these people who “wait” think it’s okay to push it off on tax payers.

[@edwinortiz1262]

Bro what you mean your hero here declared bankruptcy trying to flip houses. At least the dude here was trying to better his life and make our citizens more skilled and educated.

[@SCarboni]

You're a 74?

[@arij1129]

Maybe because we take on jobs you would not to serve the country

[@bullcitybaby703]

You mean passing off the the exorbitant interest? Many people have paid back the principal and still owe as much as they originally borrowed. But yes, let’s hold people’s feet to the fire for a misinformed decision they made as an 18 year old. That makes sense. People should be using the money they pay for student loan interest to buy homes, pay taxes, and start businesses. That would be much better for the economy.

[@ineedhoez]

But this is the thing the government specifically created this program so that it would attract people to come work for the government. It literally dangles it out as a carrot and says, "hey if you sign up and work for us for 10 years we will pay off your student loans." We agreed to their offer. Why are you mad that people are taking advantage of a government created program?

[@isaacpoling9200]

I got my loans forgiven through the program . Ramsy is lying .

[@reneewarren5597]

I ignore the emails and call well In the past now I have become aware of my debts and now I’m seeking resolutions and resources to get them paid off.

[@NikolaTeslaEE]

Things much have changed since this video came out because I was forgiven $84k as of 07/07/23. At first I thought it was paid off because I’m a Public Servant, but I got a letter from POTUS stating it was forgiven because I had been paying off student loans for over 20 years. This was weird because some of my loans were more recent, like 2008. Anyhow, Mohela says it’s paid off, so I’m not asking any questions lol.

[@geraldinerobinson9631]

Mine too

[@ineedhoez]

Hey!!!

[@SaudaraLink]

Those are low numbers, but they make you fill out an application to get student loan forgiveness to do a renewal to count your numbers. I'm guessing that counts as turning someone down. It's a stupid feature of the program. But still, the numbers don't make much sense, unless people are filling out forms multiple times a year. There are probably a lot of applicants who don't fit the criteria. What are the stats for someone who works for an approved charity or government organization who are turned down? If the mortgage is 4% and the student loan is at 6% or 7%, mathematically, student loans make sense to pay off first.... but if offered the PSLF? There is also the fact that if you pay your house off, your children get it without the debt (except for the heavy debt of property taxes.) If you die and you haven't paid off your student loans, your children do not inherit the debt. Is there a way to financially calculate that difference? I suppose one could do that by looking at risks of death at different ages, actuary tables, etc. There is also the ethical issue of choosing to not pay off a student loan so as not to pass the debt on to family members, or even setting it at a lower priority and paying minimum payments. I think student loans forgiven from schools that go broke only work if you haven't finished your degree, right? Not everyone who went there on a loan, right?

[@lisalister8002]

You can see the hair on the back of Dave's head stand up! He sure doesn't believe in student loan forgiveness!

[@Gnussbaum]

Dave couldn’t be more wrong here, I went from state to federal and got approved and qualify for it.

[@nsb9999]

You took out the loan, you have to pay it. Don’t make others pay for your financial decisions.

[@siva47931]

Should have told Dave that before his bankruptcy

[@Chromewarrior]

@@siva47931 there are bankruptcies where you work out a fair settlement not stiff the lender.

[@jo4285]

I understand some people make bad decisions when they get student loans but lets not ignore the fact that schools are expensive as F#@k! I think a 10k school forgiveness is more than enough. Everything else was just a waste of money on housing and who knows what else the money was used for.

[@victorn6065]

PSLF participants are paying much of it off over the 10 years of public service, jobs that typically pay much less than private sector jobs. This program is different than the general student loan forgiveness that you are thinking of.

[@jimmymcgill6778]

Student loan forgiveness can be defined in a single word, Asufutimaehaehfutbw

[@financialwisdom432]

This program is new 😂 there aren’t enough data to make a claim for saying this does not work. My loan got forgiven from this program buddy. It’s real

[@lisahardy2070]

Can you explain the process for me? I have 17,000 in student loans left.

[@ineedhoez]

The Public service loan forgiveness program should be called the public service loan payoff program. If you work for the government ir other non profit, for 10 years, they will pay off your student loans. Forgiveness makes it seem like it's something you're not entitled to. We are entitled to the program because the government created it and we met the requirements for it. It's the same as if a private employer offers student loan payments. This is not the same as people who didn't do the 10 year service requirement. It's no different than doctors having their loans paid off or working in rural hospitals. No different than teachers getting their loans paid off. Actually, it is different because the service agreement is 10 years instead of the normal 5 years. We served the public for 10 years. We met the requirements of the Republican created program. We are entitled to the payment of the loans.

[@chookchack]

Its a campaign material.

[@jmorris023]

So is Ramsey against the GI Bill? I mean, loan forgiveness for public service is basically the same concept, just reversed.

[@xfhnhhgjbvcfg]

Thought you had to actually be a soldier to get GI bill

[@jmorris023]

@@xfhnhhgjbvcfg Being a soldier is a public service. You sure don't take the job for the salary.

[@xfhnhhgjbvcfg]

@@jmorris023 take it for the benefits , guess it's like every state job

[@INuniform]

The GI Bill pays tuition as it is completed, it is not debt hanging over the veteran's head. Also it is a contractual obligation of the govt, so very big differences

[@thunderthumbz3293]

@@INuniform The PSLF is also a contractual obligation.

[@MrHeavy466]

2:30 Time to fake my death then.

[@SarahR2D2]

Same 🤣🤣🤣

[@Elizabeth12cu]

Was waiting for this question to come up and figured he'd say something like this, but he is wrong.

[@mistiinseattle]

Ahhh the current thinking. Borrow tons of money and expect someone else to pay it back for you.

[@Onewildandcrazyguy]

R u talking about trump

[@8bit_nacho825]

Dave seems to be really behind on this.

[@user-df2uu4tq6d]

17 payments left for me

[@FinanciallySavvyPT2012]

I had my pslf forgiven in 2022. It’s real. The only caveat is trump didn’t fulfill his end of pslf. Forgiveness . That is the game changer if he wins his education department was one of worst documented in history in terms of adhering to formal law and contract

[@jimmymcgill6778]

He Dave goes with his strawman argument. If he follows the contract. They have to forgive it. Otherwise it's a breach of contract.

[@alinatamashevich3354]

I bet you are first in line for it.

[@minimalist_monk]

I’m in debt, you are in debt. Let’s get married!!

[@GregMets2345]

No, how about you be a big boy and pay your bills.

[@juliennetully4814]

I got mine forgiven. Thank you taxpayers! I can now buy a house because of you

[@Onewildandcrazyguy]

Tell that to trump who didn't pay his bills

[@oldtomplatz8862]

I’d rather pay it off myself. I don’t need big daddy government to take care of me

[@georgewagner7787]

He has a nicer car than i do. Why should my taxes pay his loans?

[@bigcahuna42366]

A majority of those who put all their faith and hope into receiving forgiveness through PSLF typically have a mind set to sell themselves short in their careers for the rest of their lives

[@GeminiDre26]

None of that is true

[@williambelchoff2992]

My student loan is being forgiven for disability through military service

[@pixelmartyr8532]

This is so phony. Why would anyone with a student loan ask Ramsey for advice? I wouldn't. What makes him qualified to give advice to anyone.

[@mattmasteringer4399]

As a tax payer, I would recommend the caller to wait and see if his student loans gets forgiven. I rather see my money paying for his services than seeing my money being donated to Ukraine war.

[@patty109109]

Russia is perpetuating a genocide. Seems a bit more important to me than student debt.

[@Nessal83]

Lesser of two evils but I agree

[@georgewagner7787]

Like you have any choice where your taxes go

[@pcmicro1815]

They ain’t gon pay it

[@ignaciomayenthegoldenrule9618]

Can’t always get lucky. But some chance is better than none.

[@royjohnson9043]

I guess ill just die

[@SensSword]

If you borrow the money and promise to pay it off, you should do so. This guy would be happy to rob his neighbors if it saved him some money.

[@victorn6065]

You might be misunderstanding something. He sounds like a nice guy. He's working in public service (typically lower pay and working with underserved people). He still has to make 10 total years worth in payments, using money from the lower paying job. This is in contrast to the "general student loan forgiveness for everyone" that you're probably thinking about.

[@Nessal83]

@@victorn6065 who decided to take out the loan? Who decided to work in that field? I rest my case.

[@GeminiDre26]

@@Nessal83when loans are taking out the public service loan is an option to consider in that discussion.

[@gayhendrie84]

I want my mortgage loan forgiven

[@Nessal83]

Hard workers and stand up citizens don't get forgiveness

[@mrman26]

This advice is totally bogus. Dave Ramsey is just trying to sell books. His appeal to religion is also weird and irrelevant. He’s blinded by his ideology. The PSLF program works! It was signed into law in 2007. You just need to 1) make sure that you consolidate your loans into federal direct loans, 2) work for a qualified public service employer, 3) make full and on time payments for 10 years, and 4) submit your PSLF Form (yearly if possible).

[@DMBVR4]

How many times are you going to spam people's notifications with this same tired question?

[@sussannekeith5676]

What is it with these people who want to get student loan forgiveness??? You signed up for debt, pay it. It is that simple. Should we get Mortgage Forgiveness, Car loan forgiveness if we perform some public service… everyone would be pub;lic servants tomorrow. Pay your bills.

[@n1k01k0]

Can people with student loans just own up to their responsibility????

[@Nessal83]

How dare you ask for accountability in the modern age.

[@aeromedical6750]

Absolutely. And then go out and finance a bunch of other stuff and ask the Gubberment to forgive that as well. Remember this is the “everyone’s a victim and nothing is your fault” establishment. Those who’ve made good decisions in life are really “just lucky” and should bear the burden of other peoples poor decision making. I’m all in favor of my child running up $100K in school debt for his/her/they/them/zer/zim degree in LGBTQRSTUV bathroom protocols studies and then asking the taxpayers to forgive the debt. Why not - this is the new America!

[@David-wo9un]

Does anyone care what they are going to leave their future children? This immediate gratification is ridiculous.

[@thelovelykimmi7920]

🤣🤣🤣

[@cutehumor]

DAVE DOES NOT WANT HIS MILLIONAIRE TAX PAYING DOLLARS TO GO TO STUDENT LOAN FORGIVENESS. don't borrow if you can't pay the student loans off

[@kingjamesthe8046]

We don’t know what tax money actually go to

[@talynscarbrough6557]

Tax money isnt even really a thing. Taxes are the removal of money from circulation. Look up MMT. Not planning on doing a dissertation.

[@cutehumor]

@@kingjamesthe8046 Federal tax money comes out of my check every two weeks I KNOW that jack!

[@aedendchau]

That’s why he’s rich, and your poor because of your mentality.

[@victorn6065]

Although PSLF had the word "forgiveness" in it, participants still pay much of their loans off over 10 years. They to work jobs that typically pay less than private sector jobs.

[@littleripper312]

Just pay your student loans people. If you made the mistake of taking out a large loan for a low paying job then too bad you have to suffer the consequences. Work two jobs, live with roommates, get a bike or ebike or bus pass depending where you live and pay it off. Tons of other people are doing this and so can you.

[@Nessal83]

You're asking for accountability? How dare you!

[@juliennetully4814]

Working two jobs should not be a normal thing. It’s not healthy physically or mentally. People need to rest and relax

[@Onewildandcrazyguy]

Make schools more affordable

[@paulgreer2604]

How about you pay your s**t? That's the best way to "cancel" your loan. You owe money you pay for it, in that case all homeowners should start asking for loan forgiveness too. How about stop begging, complaining, and marching and use that time and energy to create a business, work, save, invest.

[@Onewildandcrazyguy]

Trump shirked on his bills

[@truthsayer9534]

The money that students want “forgiven” is your money and my money taken from banks and taxes. Pay off your loans!

[@Chromewarrior]

Deadbeat in the making.

[@Nessal83]

Let's duck out of a contract that I signed because I'm an idiot. That's what I hear from these bottom feeders.

[@Overlord277]

If you have a house, just don't pay that student loan. It's gov't fault for not holding up their end of the bargain.

[@alrbredwall]

What was their end of the bargain?

[@Overlord277]

@@alrbredwall The gov't isn't telling random people "I will forgive your loans." It's contractual. As in, people signed contracts to get their loans forgiven. People fail not because the gov't said no per se, but because people failed filing their application or did not make 120 payments.

[@kevinhealey6540]

How could anyone be so stupid as to take a student loan on a course of study for a profession where there is little next to no chance of getting a job afterwards? Not only a waste of money, but a waste of time as well.

[@wickedbird1538]

Even top schools give degrees that have little value in the work place

[@dtom1145]

Here’s a novel idea… be an adult and take responsibility for your finances! Stop trying to stick it to “we the taxpayers” and pay your loan yourself! You signed the papers, you took the money so you pay the debt! Forgiveness sounds so nice but you are sticking it to me and everyone else!