Stop Saying THIS About College! (Dave Ramsey Rant)

[@LazerC4]

The problem is that these schools are able to flagrantly overcharge and increase tuition bc they know the loans are insured, and people will pay it. So it is a system that needs to be overhauled.

[@slscamg]

LazerC4 exactly. If we didn’t offer practically unlimited loans for every 18 year old that can fog a mirror, costs would go down.

[@greyhound-t3k]

Well stated!!!!

[@angeljaimes9703]

Degrees in general shouldn't cost much, all the information is already public, for free but the only thing holding schools up if for reputation

[@nickwilson3499]

Angel Jaimes just because you want something to be cheaper doesn’t mean it will be. Anyone with any knowledge knows it’s because of student loans.

[@edgehodl4832]

Are u too entitled for community college? Only en expensive school is good enough for u? It's not the price of school, it's how entitled the person is thsys expensive

[@dennisbeam199]

My son did that. He said" I will NOT go into debt to go to college. He worked his way through college and graduated Debt free!!

[@michelarosier1918]

👍 yess, I'm in College/ University left with two classes to graduate 🎓 this year, debt free getting my Bachelor degree.

[@Chris-sac]

Dr. Johnny Sins perhaps his father wasn’t blessed enough financially to do that.

[@krane15]

Good for him. But that's not always a viable solution for everyone.

[@detroitwillwinsuperbowl59]

@Dr. Johnny Sins Perhaps he appreciated his education more because he actually had skin in the game.

[@surf2553]

Attab boy!

[@stuartclubb4302]

When banks figured they could lend you money for 30 years, the cost of buying a house went up. When Banks figured they could lend money for college, the cost of buying a degree went up. When Banks persuaded Government to underwrite student loans and prevent them from being discharged in bankruptcy, they lent even more, and the cost of buying a degree went up.

[@thomaseidson6374]

Well said. Now there are car loan terms that can go even up to 72 and even 84 MONTHS!!!! That is suspiciously like 6 and 7 YEARS!!!! Debt, debt and more debt and people wonder why they are freaking stressed.

[@b__w_4565]

Thomas Eidson short the banks!!! Long crypto! Ik Dave hates crypto but it can’t be controlled as easy. Even with Blockstream now.

[@illmatic33]

Just wait until they introduce the 45 year mortgage 🤣

[@hopelessdecoy]

Not just the banks fault, the federal government and the colleges know the issue but profit and grow the issue instead of slowing or stopping it. (And I'm not talking about socialized education. I'm talking about telling people NO)

[@edwardlewis1963]

'persuaded' is such a nice word. and as for 'buying a degree', when people can buy their driving liscence, the road turns into a mess of car wrecks and road rage.

[@financiallift6185]

Dave says he's against stupidity and not college. Man he's up against like 75% of people then!

[@LOUDMOUTHTYRONE]

I say 80%. I must be harder on the public.

[@Ryan_DeWitt]

These same people will call him years later with huge student loan debt crying and asking what to do. I mean how many of his callers have student loan issues? It is the majority.

[@mikenelson8377]

He offended all those with $30-$100k gender studies degrees 😂😂😂😂

[@immaculatesquid]

A person is smart. People are stupid.

[@porcudracului]

What an optimist you are, man. Make it around 90%

[@emanuelzhimrules]

I came out of college with 10k in loans. But I went from making 5-10k a year working a decent job to making 83k a year. But I didn’t go to one of those expensive schools, I went to a public university with a decent reputation and got no scholarships. But I also went for engineering. So for someone like me, 10k in loans was a decent trade-off to make what I was going to make.

[@yaboijuan4052]

You live up to your name, chingon.

[@tasneemahmed5821]

What type of engineering did you get into?

[@EwYoureCringe]

My partner majored in sociology and he’s a recruiter. We just graduated and he makes 63K and got in about 6K of debt. I think as long as the debt is reasonable college is generally a good investment.

[@emanuelzhimrules]

@@tasneemahmed5821 Computer Engineering. So I basically ended up writing code.

[@emanuelzhimrules]

@@EwYoureCringe Definitely. Just like your'e not supposed to get a car or home payment more than a percent of your annual salary, something similar should be applied to degrees but considering potential income for those of us who don't have the best financial situation.

[@BernadetteTeachesMusic]

I worked for university housing in exchange for a dorm room and meals. This included utilities, internet, trash service, no need for a car and work experience! Thank you, Cal Poly Pomona 🐎

[@Chasing-the-outdoors]

I skipped college because I grew up poor and knew I couldn’t afford it. I had no idea there were options like this though. I make good money and am debt free, but I’m now going to community college and paying cash. Unfortunately, degrees don’t pay anymore!

[@joncena168]

I applied for it and got turned down. I noticed all the rich kids got the easy jobs to watch the dorms though.....

[@claubit32]

Congratulations!!😊💪

[@BernadetteTeachesMusic]

@@joncena168 maybe… my parents made a whopping $12.5k a year when I was younger, so I can tell you this job wasn’t for the rich kids. Those kids could afford housing without having to work

[@princessdiana2737]

I graduated in December DEBT FREE!! Worked two jobs and paid that off!!! Thanks to UNCLE DAVE

[@krane15]

Was Uncle Dave your employer?

[@princessdiana2737]

Krane thanks to uncle Dave for giving me solid advice as I worked my jobs, I would listen to him and motivated me. No, I worked at Home Depot and a restaurant at night time

[@JK-om1ry]

Good for you! 🥳

[@umairahmad4711]

University is not the only answer and it’s annoys me that parents always force their child to get a degree with a huge loan on their name !!!!!.

[@IrieIslandGaming]

I 100% agree it is not the only way and not always the best way. I think the best thing is to decide what you want to be first then figure out how to get there..college is just one tool that may or may not be needed to get there.

my parents, even after my older siblings are drowning in debt and can't find work, were telling me why I didn't want to got college.

[@roseypiedrasanta8177]

I agree I'm going to be a RN at a community college however if I didn't want to be a RN I wouldn't go to college.

[@DarknessFalls29]

@ I'm not sure where you live but in Virginia, the community college had bridge program where you get your associate's degree then skip the BSN and go straight to Master's degree at GMU. I watched two acquaintances bust their butts and now have Masters. They skipped two years but it was grueling. Not sure if the program is still around.

[@altratronic]

NO ONE is "forced" to go to college by anyone.

[@ariantabibian2616]

The wise uncle of our generation

[@ThaBloodWitch]

I've started referring to him as Uncle Dave. 😅

[@Johnathan1491]

Stephanie, I thought I was the only person doing that 😆😂😂

[@olivethereindeer6148]

Amen

[@ThaBloodWitch]

Well, when you consider he's coming from a very religious/spiritual place, eh. Take it or leave it. I do tend to agree with his merging of finances advice though, it streamlined our money and our goals.

[@whosreadingthis2129]

The wisest some would say ha

[@exxology1]

If enough people followed this advice the price of college would FREE FALL!!

[@repentorperish1386]

That would be great too

[@MsAsb-zx4sr]

I went to a city college to get my pre requisites. Then went to a state college to get my RN. I make 110k/year with no debt. I have co workers that owe over 100k in student loans. We all passed the same test, have the same job and make the same amount of money.

[@brydakam1168]

R u a practitioner or just an RN?

[@MsAsb-zx4sr]

@@brydakam1168 I'm just an RN. But I live in NYC.

[@tasneemahmed5821]

Excuse me but what is an RN

[@apeacefulmcadory1627]

Tasneem Ahemd registered nurse

[@diyanaabdullah4255]

Way to go!! I really hope young people see it through!!!

[@09jgdoss]

It took me almost 8 years to get a 4 year degree because I worked my way through college that I paid for 100%.

[@marktheshark2569]

Nice job it took my mom 6-7 years bc she paid her own way through it

[@Gabster1990]

Same here. We did it!

[@ZayingIt]

It took me 4 years but to be fair, I started with loans and ended with none by working a lot & frugal living. I also got scholarships, grants & took advantage that I was still living at home. Kudos to you brother! Thinking I might get my masters like so!

[@MyNameisWHATTT45]

I wish Dave would denounce the stigma around community college more. I pay max $4,000 a year for community college, and people say community college is for the “uneducated”. While I have people who graduated with me going to out-of-State private universities for political science majors (took out loans for it) , but they’re the smart ones.

[@victoriacampbell5877]

Community college gets us real jobs

[@armandol1826]

The ones with useless degrees always toot their horns. I gave up usc to go to a CC then transferred to UCLA. I've saved over 80k in 3 years

[@gcs8889]

Community college is an excellent pathway towards a 4 year institution. The cheapest way to a bachelors in the US is clearly 2 years in community college, followed by 2 years at another in-state institution. Just make sure you're in a state that credits you those entire 2 years, as I know up until recently - some did not. So while it may be the cheapest, it isn't always the fastest way to get out of school in 4 years. 5 years for a bachelors though isn't bad - especially if the costs are low and you don't have to go into debt while doing it.

[@MyNameisWHATTT45]

GC S yeah the credits transferring is important. Luckily most states have a “STARS” program where you can easily see if credits transfer.

[@dec23]

F those people that talk that way about community colleges. They're the idiots. If they did the math they would see it's the better option. Especially when the first 2 years is college-level English, Algebra, Psychology, etc. It's not rocket science.

[@TheBatman777]

I like how Rachel balances out her dad. I was at Abeline Christian University the other week for week. Its a nice small town with traditional values.

[@hbarudi]

What we need is baby steps to afford college. Step 1: AP classes in high school Step 2: Job between high school and college Step 3: Apply for those scholarships to cover some of the cost of college Step 4: Simple "2 year" degree from low cost "community" college. Step 5: You should have enough to sign up for a major in college and reduce your student loan from $100,000 to $10,000.

[@hbarudi]

@@NamelllemaN Where did you go to high school? High schools in the US have a course catalog book. If you read that it will list all the classes available in your high school to take for grades 9-12. AP classes are equivalent in material to freshmen level college classes.

[@judithdebert4813]

There is also dual enrollment with many 4 year colleges participate in

[@tendai.talkss]

Taking College Credit Plus classes is way better than take AP classes

[@alexrawls7407]

Dave, I love you brother, breathe a second. College is not the way, it’s not the way anymore (unless it’s stem field, and even then be careful) you know this brother. tell your people trade school, tell your people plumbing, welding, machining, building trades

[@dc76384]

Skills gap in the U.S is astronomical. Yet nobody is talking about it.

[@jilldoemer1634]

I went to college as a benefit from my employer as tuition reimbursement. Yes it was hard working 40 hours and taking classes. And oh, by the way I was a single parent raising a daughter without financial child support. When it was time for my daughters college I got paid very two weeks which meant 2x a year I received an extra payday. She went in state and I was blessed when my daughters tuition was due was that 3 pay month. She graduated debt free and so was I.

[@michaelalowe9088]

Jill Doemer stories like this always amaze me. I went to school and worked, part time for both and no kids and I was still miserable. I don’t see how you guys do it.

[@michelarosier1918]

Congratulations 👏 .

[@justlift4031]

I didn't finish college. I did trade n make over 100k a year n NEVER paid a penny..

[@dec23]

I also did this, my company paid for my masters. People don't realize there are MANY ways to get a degree without getting into student loan debt. Well, they probably do, but don't want to do it because it's not the easiest most glamorous road. They also choose not to do it because they want the whole "college experience." I know - I was an advisor.

[@LG123ABC]

@@dec23 My company helped pay for my Bachelor's and they would have also helped pay if I had went back for my Master's - which I regret not doing. I heard they eventually cancelled the tuition reimbursement program because not enough employees were taking advantage of it -- which I find mind-boggling.

[@IrvOfficial]

Uncle Dave grab a snickers you're not yourself when you're hungry LOL

[@bassjunkieone]

Feel like in the beginning he was all about straight forward thinking, making better choices, now it seems he gotta put that drama to it to get views or comments. Idk.

[@Antoinetteelean]

I’m going to school for free through my job look into jobs that have benefits and pay for the program

[@greyhound-t3k]

While you are gaining job experience and a reference while earning your degree. You will be so much better off than your colleagues who went to school and put themselves in debt that is now killing them. Unfortunately, you might have to listen to them whine about their loans. These are the very same people that buy coffee every morning, buy lunch every day, a car they can't afford and then complain they are broke-worked with too many people like that! You are on the right track and will succeed because of it!

[@lauraashleyellison3902]

That’s amazing!! And such great advice 💗

[@TheMichelex20]

Got my masters that way. Sadly, was too young (back on the 90s) to know how to do that for my undergrad.

[@hihaters2004]

But you often need education to get the job in the first place

[@Antoinetteelean]

hihaters2004 not at all. I work for Cvs and have free college. McDonald’s has a reimbursement program for classes. It is a pretty common thing, more common than you think.

[@TheGeekSheek]

I'm loving this guy more and more everyday

[@ivybanks7936]

Haha same! 😊

[@shanescatsandcannabisfarm2965]

Why??

[@Mentality]

@@shanescatsandcannabisfarm2965 kung fu panda

[@shanescatsandcannabisfarm2965]

@@Mentality what?!

[@joepic85]

I went community college first 2 years. Finished 2 years at a 4 year university. Worked the whole time. Commuted... Business degree... no debt. Easy

[@brydakam1168]

Was it hard finding a good job after

[@joepic85]

@@brydakam1168 I was actually working before i even graduated then they hired me on full time salary in procurement after i graduated.

[@krane15]

Point being?

[@Justsayingthat]

Guff

[@brydakam1168]

Krane thag college debt isn’t an excuse to not go if that’s part of the plan

[@Chris-dr4bl]

People also need to weigh the cost of their major vs what the average starting salary is for said major. I paid a pretty penny in loans but also came out with an Engineering degree which allowed me to pay off my loans in 3 years. Sacrifices were made but they were gone in 3 years. Then I went back for my Masters and utilized the company's tuition reimbursement program. They paid for all of it while I had to have a few out of pocket expenses for book (No big deal). People need to take time to understand what the costs will be and what theri earning potential will be. This is where parents need to step in and help their kids to see teh whole picture.

[@brittanywelty566]

Yes thank you! Watching these videos has made me feel guilty for taking out some student loans, but I'm commuting to college in-state and am studying accounting. I've already accepted internship offers and feel assured that I can get a career job as soon as I graduate.

[@gofigure6562]

@@brittanywelty566 I dont think you need to feel guilty. If taking out some loans to help better yourself for you and your family is wise. Just be mindful of the amount and interest rates. One thing I regret is not spending more time in searching for scholarships. Bill Gates scholarship goes severely unutilized. There are a ton out there where you write an essay and they give 500 bucks. But even with loans a lot of people are way ahead of where they would be without them. Loans are a joke since they conpound daily. I had a loan for 12k at 5.5% with 114 dollar payments for 11 years. Every payment was almost 60 in interest. Thats alnost a bottle of soda per day in interest. Yeah thst got paid off real quick. That type of bs is how student loans are so messed up. Just make sure your earning potential far outweighs your loan. Then work, scholarships, and focus on paying them off.

[@erickqwesibentilmanie2382]

Exactly. I always say this, major in something that will make u money and minor in something u love.

[@jellygurl27]

I feel like we need to emphasize to the young generation that working is just okay as going to college. Building work experience is important for post grad too!

[@Mermare]

I know several people with labor intensive jobs that make six digits a year. Play to your strengths, don't just go to college because you don't know what else to do.

[@BK-fq1yi]

My neighbor is going to an out of state university to become a teacher 🤦🏼‍♂️ she already owes $70k and is only in her second year. Hope you’re having fun!! 😂

[@slscamg]

Brett if she’s not having fun now she’ll be having fun paying back 140k in loans for the rest of her life.

[@handleyobusiness]

$140k should go towards a house, not a stupid school loan 🤦🏾‍♂️

[@koreanplayboy]

don't worry, she can always marry her way out.

[@t.j.morris8385]

That's terrible. 😭😭🤮😭😭 I hate hearing about the debt that is borderline hopeless.

[@BK-fq1yi]

T.J. Morris you can’t help someone that stupid. I don’t feel sorry for these kind of people

[@marcusvision]

The only dumb thing is to goto college and spend $50k+ in loans and start working and only making $35k or lower a year.

[@JorpC]

Sounds like a similar situation as mine, except I'm going to a public school after going to community college for two years. My parents urged me to go the community college route instead of the uni route, and I have no regrets. I have been able to start a Roth IRA and save money while going to school. Also when you are working for your tuition instead of taking out loans, you take it more seriously.

[@yeseniaramirez1751]

It can be done I did it. I lived with my parents. I graduated HS with 1 scholarship. Attended in state university. I had fasfa cover only 2 yrs. Took me a long time to graduate. I worked 3 jobs (Nanny, daycare worker and supervisor at movie theater) and went part time to school. I graduated debt free with a BA in Communications. But in the end I didn't use my degree. I work in accounting for a mom n pops company and I'm happy and very blessed.

[@mikenelson8377]

All that work and sacrifice for a communications? 🤦🏼‍♂️

[@jurikowhy359]

Mike Nelson I know 🤦🏾‍♀️as long as she’s happy I guess It doesn’t matter

[@tasneemahmed5821]

You got a degree in communicating and worked as an accountant?? How did that work out?

[@02pilot]

Hey it’s good she found an opportunity she’s happy in. Otherwise if she didn’t, she would’ve used that degree. And now if anything changes, she has that degree under her belt ready to go.

[@JessicaHicks]

I think a big issue is the myth that college debt is normal and the only way to get a degree today. Nice to hear solid examples of students going to school without it, whether it’s from scholarships, grants, or working. A lot of my fellow classmates could not understand why I worked some much in college, but it was because I had to do it myself 🤷🏾‍♀️. So many especially freshman year just lived on their parents (which i don’t blame them) or loans.

[@dash4800]

To me the biggest factor is the cost difference between in state and out of state tuitions. You end up paying 3-4 times as much to go out of state and there is just no reason to do so. Even in some theoretical world where you absolutely could not do anything other than take out a loan, you should not be compounding the issue by pointlessly going to a more expensive school. But nobody is telling young people this.

[@niamathassani9205]

Hi Dave, I’m from Michigan. All I can say is you’re blessing for American young generation!!! God bless you, Dave!

[@rodneybolton1955]

I have three children, they went to community college which I paid for. They transitioned into a state school. One makes 120,000 per year, one makes 90 and the youngest makes 75. Not one of them has college debt.

[@ChuckyLarms]

Companies need to stop treating certain degrees like an instant credit score. They need to do their research for the right people and stop making degrees mandatory. This doesn’t apply to all job fields but can for most

[@scaldon2]

The thing is you have young people going into debt for useless degress . Young people are going 100000 dollars in debt for degrees in history,anthropology , sociology, English, and social work . Ridiculous.

[@scaldon2]

@@Austenfan177 I agree

[@alexlee2603]

I would hardly say social work is a useless degree. It is a very highly needed service for many people and children. I agree $100,000 might be over the ROI on the degree financially but hardly from a personal perspective.

[@insideoutsideupsidedown2218]

@@Austenfan177 universities now like to push study abroad programs. I mean, really? We need to wake up. This is crazy. There is no way I am going to let my 20 year old daughter travel to Italy to study sculpture, with me co signing on the loan to make it happen. My daughter said the school said this is really the best option, and I said if they are saying that, they can pay for it out of their endowment.

[@insideoutsideupsidedown2218]

@@Austenfan177 universities now like to push study abroad programs. I mean, really? We need to wake up. This is crazy. There is no way I am going to let my 20 year old daughter travel to Italy to study sculpture, with me co signing on the loan to make it happen. My daughter said the school said this is really the best option, and I said if they are saying that, they can pay for it out if their endowment.

[@alexlee2603]

@Rich 91 Some social worker jobs require a masters. Not to mention the passing the state tests and then renewing the licensing after that. Also just because you think it is "easier" than an engineering degree is still requires the same number of credits to graduate so no a 2 year associates degree is not useful.

[@dazeerae]

“Work. It’s not a 4 letter word,” LOL. Actually Dave...

[@roberthuster1503]

I have been driving this point to my kids. Debt for a degree is financial suicide.

[@krassimirpetrov7131]

Glad I’ve been a Dave follower before I even knew of Dave ! Got my degree in financial planning and became a CFP at 25. It’s priceless info to just live within your means , listen people

[@Xj6245]

👍👍

[@laudfarter1957]

8:30 -- I actually changed colleges and majors to follow my GF! We broke up that fall freshman semester, which motivated me to graduate early with honors while often working 2 part-time jobs. No debt.

[@alexhung7158]

Laud Farter there are better girls in the world. Date around and you’ll see!

[@chezshirecat1872]

I told my son would help on college if he started at a community college (the first two years are junk anyways) and went to an instate school only. Starting life on no loans is so important.

[@trentsmith357]

College’s charge so much for an education because the government is willing to pay them handsomely for the student loans. If the federal government got rid of the federal student loan program college rates would go down!

[@IrieIslandGaming]

Would be great if they would teach these things or financial literacy in grade school.

[@plants4thewin]

I think for trade schools it does matter. For me I went to one of the top Culinary Schools, and I got really good jobs because of it. Im not saying you cant work your way up in the kitchen, but I wanted to go the management route...and that degree from that school really helped. I came out with 30k in loans, which isnt too bad compared to some of these stories. I personally would do it over again, just pay them off faster. I will add that I worked the ENTIRE time that I was there....some of my friends didnt.

[@riceball777]

The issue is college choice. College is really not that expensive. Here is California there are 4 type of colleges. tuition for Community college is $1,100 a year, Cal state university are $6,500 a year, UC university are $14,000 a year and private university are $60,000 a year. If you are out of state cost are 3-4 times higher. People just make dumb decisions like going to an out of state private school with student loans and using a lot of the student loans for life style. student loans should not be available for expensive private schools and student loans should be only 100% for tuition only paid directly to the school for tuition only and none for life style or living cost.

[@EwYoureCringe]

Yes, you also should factor in financial aid. Usually at private colleges fin aid is much more generous. At stanford if your parents make less than 100k a year they cover tuition. The cost of living is expensive but still!

[@katelinjarosz6825]

I love Dave’s talk. I am thinking of college but at the same time of thinking of not going to college.

[@mikenelson8377]

Just like DR and Rachel said, take your time to figure things out. I didn’t figure out what I wanted to do until I was 24+/- . Also, there’s no timeline for success.

[@goodgirl3553]

it's tough cause I didn't have a lot of guidance through high school--didn't thrive in college/didn't know what I wanted to do/parents wanted me to go more than I wanted to go--and it's not a blame game, it's just hard because I now have a general degree, am 40k in SL debt, trying my best to be debt free, have a desire to be a christian missionary, and have desires to honestly take a path that doesn't even require a degree. Trying to find the silver lining in this. I do have faith that going to college was/will be worth it--but if I could do it differently, I would.

[@sausland]

My wife paid her way with a full time job making little money and now has her masters in finance and taking her CPA tests without a single loan.

[@MissHunterELA]

How awesome is that?!???

[@jameswalker5645]

I didn't want to go to university, I had no direction. I just wanted to get a job and an apartment and grow up a little more. NO, my mother pushed me to a college (that her boyfriends son was failing at and no one knew) she filled out all the paperwork I just signed it, I was a push over and didn't want to hear her complain. Got a worthless degree because I didn't know what I wanted to do, 20 years later I still owe on loans and I don't talk to my mother anymore because the sound of her voice makes my blood pressure go up.. i am doing better now but i would suggest not going to college if you're unsure, even a little bit..

[@yophilli]

Sorry about that brother. You’ll be alright

[@RogerPack]

Try to let it go :)

[@edbianchi8839]

You are right, WHAT I don’t understand is how come no one says :”MOST COLLEGES ARE TOO EXPENSIVE, DEFUND PROFESSORS SALARY, They are ripping students and parents off, for what you teach is not worthy to go in financial debt. WHEN ARE YOU GOING TO CORRECT YOU ABUSING SYSTEM ?”

[@BernadetteTeachesMusic]

Best moment of the video 5:40 😂

[@Blueman2018]

Dam it I wish I heard of this Man 10years ago 😔😩

[@michellem9444]

Totally agree that expectations are ridiculous now for the college experience. When I went to college, dorms were small and cramped, with 2-3 people per room, and each floor had one large bathroom with multiple stalls and showers for the whole floor. It was like a really bad summer camp experience, but we didn't expect anything better then. Now that my son is close to college age, I researched the dorms at my alma mater (since he wants to go there and it's the cheapest state school). All the dorms have been renovated into "suites", including private bedrooms, a kitchenette, and a separate bathroom shared by only 2 people! And of course the prices have tripled since then too! No wonder it's so expensive now. These kids now can't be expected to deal with a communal shower! LOL

[@breakfastdetective5667]

I hate the mentality that you have to go into debt for school. I’m going to my city’s college and work full time. I’m able to EASILY afford my tuition with nothing more than a full time job. Its about how you manage your money.

[@aaronmerrick1972]

Education is ABSOLUTELY essential! Thinking that a college campus is the only place to get an education is ABSOLUTELY insane! My father, the smartest person that I have ever known, never went to school past high school. He constantly read, owned and operated several businesses, and, as he put it, had a PhD. from the University of Hard Knocks! Not putting college or university down--but you don't have to go to school to get an education! And, if you do get a college degree--your education can and should continue for the rest of your life!

[@jdc6733]

We have a generation of people who were told NO often, so to revolt they never told their kids the word NO ever.

[@WolverineIncognito]

I love when Dave hits the ceiling!

[@esonon5210]

I don't deny that student and parents make some really stupid decisions when it comes to college but the tuition and fees constantly going up without an increase in aid is the real culprit and the biggest reason why we have a student loan crisis.

[@bethanyb4478]

My mother used to be an English composition tutor at the local community college. She would come home shaking her head over the students who really shouldn't be in college. Some people just aren't academically oriented.

[@benden5095]

I went to an in state college debt free, while going to school fulltime and working fulltime and finish early. Now I'm earning over a $100G annually.

[@Da_padilla]

I think I was kind of lucky, the only guidance I had for my education is from what Dave Ramsey teaches. Since I have graduated from a community college, debt free, and now on my senior year at a university with my tution fully paid. I am almost there it's possible! I told myself "I will not go into debt for my degree".

[@roseypiedrasanta8177]

The only reason why I'm in college is because I want to be a RN! I got to a community college debt free. If I wasn't going for something in the medical field I would not go.

[@canadiankid42]

I love when Dave gets winded from his passionate talks

[@Erik-ek9du]

I took out loans to go to college and went to school out of state. I also live in Illinois and out of state was actually cheaper than comparable in state schools. I went to a state school and took out $32k in loans for 5 years. First year salary was $50k and 3 years later I’m at $72k. Taking out loans isn’t the end of the world, but if you’re going to do it figure out how much the lower end of the median income for your field of study is for jobs out of college and take out less than that. If you don’t know what your want to do there’s absolute no shame in going to a community college for gen eds and figure out what you what to do.

[@shemami]

Just finished my masters degree in engineering and cash flowed the whole thing! I remember being sometimes jealous of my friends when I had to work and they slept in and partied. But graduating debt free gave me options and I'm even more grateful for those options now during the pandemic. It can be done!

[@TarmacSkin]

There are areas that you NEED an education. Doctors, RNs, Engineer, Lawyers etc. Unfortunately Paying cash is extremely difficult if you are middle class or poor.

[@justlift4031]

You don't need college to make a lot of money.. College isn't for everyone.. I make 6 digits a year. Didn't finish college..

[@marktheshark2569]

Good job, what do you do

[@justlift4031]

@@marktheshark2569 sheet metal in southern Cali. Control Air.

[@monopolyman6985]

Good stuff

[@JB-zq6jx]

That's true, but your example is rather exceptional. I know people without degrees who make that much, but they all spent years honing specialized skills or going to trade schools, taking classes, or earning licenses or certifications of some sort, or even just learning on the job for years and gaining more skills there, even if never technically going to college. They often work 80+ hours a week, spend weeks working abroad, and put off having a family for decades. It's more stressful long-term. You aren't gonna quit a McDonald's job one day and walk into a $100k construction job the next, and even if you do, that construction job probably isn't one you're gonna wanna still be working in your 60s. College is ideally a good way to bridge that knowledge and skill gap, but I agree it isn't the only way or always the best or most cost-effective way. It's usually the quickest way though. In most cases, in the long run, I think the degree is a good option. Your income potential will jump dramatically after graduating, though that also depends where you live. In a very rural area without jobs in your field, not so much - but in a bigger metro area, the degree will make a huge difference. I think that's another factor people don't consider enough. I had to move from a small rural town to a big city for my degree to be worthwhile, but in the long run, the degree has been worth it and greatly increased my earning potential in a relatively short time. But not everyone is willing or able to move out of state like that, in which case they need to really think about the best option given their location.

[@blakecunningham3937]

My parents taught me all this stuff at 12. Went to a JC and State college. No student loan debt.

[@ROFLgator1]

I remember in high school 2007, teachers told me that I would need to take out a few loans for college and then re-pay them in a 10 year window after graduating by paying $50 / month. Those teachers could not have been more wrong. My FedLoan bills were of $450 / month & no job. Thankfully I hustled hard and payed them off in 2 years, but dear lord is our education system the most effed up in the world. Sweden, Finland, Denmark, Germany, Jordan, Taiwan dont have this problem!!!!

[@jairoherrera4040]

Those teachers shouldn't be given any advise when they don't have any credentials on finance.

[@prestonlaw]

Everytime I go on Twitter I feel like Buzz Lightyear from Toy Story “There seems to be no sign of intelligent life anywhere.”😂

[@sam3309]

I love watching Rachel listen to Dave rant 😂

[@adibchowdhury8819]

I graduated from a public university with $20,000 in student loans. I was able to work during college and pay off the other $20,000 as I went. Now making about $80,000. If you can work during college, it's a lot easier to pay things off. Summer paid internships are also a great way to save money to pay off semesters!

[@AnusiaLA]

I got my LVN while active duty. I got out and used my GI Bill to get my RN full time while working night shift full time as an LVN. Free college, full time pay and extra money every month.

[@davidsoi2053]

I agree with Dave, Don’t take student loans ❗️❗️❗️

[@krane15]

And would you now care to offer your solution?

[@davidsoi2053]

there are a lot of ways to earn a degree and not go broke. You can study abroad and the education will cost way less. Also, don’t go to college and start your own company. You get a lot more valuable experience and don’t have to “start a career” from a 6 figure negative debt, that is just wrong. And a lot more solutions that are available now that we have all the information available at our finger tips. You just gotta look hard enough and ask the tough questions. 👍🏽

[@bettysmith7045]

@@krane15 it's called GETTING A JOB AND WORKING 40 hours a week while you attend school!

[@sterlingw33887]

I'm very grateful to have gotten a full scholarship to go to university. I'm still working at least 30 hours a week while in school to stay debt free and cover other living expenses. Like Dave said, it does have to start in high school, I knew the best shot at getting scholarships was to get straight A's and stay as busy as possible. I have one friend who has already racked up 10s of thousands in student loans. He also resents the fact that I've avoided taking that route, yet doesn't recognize the hard work and effort it took to get to that point.

[@markyouneva7840]

The student loan crisis is a perfect example of a government assistance having unintended consequences. It doesn't mean we have to scrap the system, but it definitely needs to be improved. Colleges and Universities essentially are using the fact that students have access to easy student loans to drive up the cost of education. Economics 101 talks about supply and demand, where demand drives up prices. The access to student loans enables substantially more students to "afford" to pay tuition, therefore driving up demand for a space in the class, and thereby allowing the universities to drive up the cost. Forbes reported that in 2020, Student loans debts total 1.6 Trillion. Average annual college tuition is increasing at 8% per year, while wages are growing about 3%. Compounding the problem is students are given these copious amounts of debt and essentially lied to by colleges and universities about the education and skill they are getting, which often aren't sufficient skills that can be used on a real world job to "hit the ground running" on day one. The labor force is well aware at this point that college degrees don't prepare students for the skills required in job postings but everyone, Government - Educational Institutions - And Private sector are all playing dumb. This is the intelligent way this needs to be exposed, not the anectodes Dave has that he is ranting about that doesn't get to the core of what is going on.

[@JoeGarofaloII]

I crossed state lines...they charged me 2.7x instate tuition...they didn't offer me scholarships because I was out of state...I took student loans for it...yes I regret it, don't do it people!!!

[@domwings4329]

Went into the military for 4 years got out 3 years ago and about to graduate after one more class. Not only free but they paid me 24k a year on top of it all. Not saying it’s for everyone but all you need are 3 years in the military to get your GI BILL at 100%. It’s an option.

[@braxxian]

I have done OK in life without ever going to university. Work hard, live frugally and pay off your debt as fast as possible and you will be just fine in this world.

[@cowgoesmoo9981]

This is why me and most of my friends that don’t have scholarships are going to trade schools or joining the military. The amount of debt people get in these days is ridiculous because no one taught them about debt and loans and interest and how to avoid them when you can and how to get out of it as quick as possible and pay as little interest as possible. Everyone is just telling them to go to college because that’s how you will get a good job when that’s not always the case, you could argue right now that it’s better to not go to college because people are 100k in debt and can’t even find a job because it is being so overworked because thats what everyone told them to do.

[@SilviaManentFinancialAdvisor]

*Why aren't people going to college in Europe or South America or Asia?!!* St. Gallen, HEC Paris, ESADE, these are top ranked schools for a fraction of the price.

[@emilym.5004]

SO TRUE! I don't understand why people don't look elsewhere! Great point Silvia!

[@SilviaManent]

YES YES YES!

[@saysjoegraziano]

I was able to graduate for 10k debt-free while I worked full time, It was superb! Yes I was in my early 30s, but the fact that I was older meant that I was more mature, measured and committed since I spent years saving for tuition and obtaining credits before enrollment.

[@brianwinters5434]

One of my daughters went to nursing school. When she and my wife also a nurse visited nursing schools 2 of the schools said they assumed when they set up their curriculum they assumed a student would not be able to work during the school year.

[@bigjack79]

Student loans needs underwriting just like any other loan. And the amount show be based off your projected income. I agree with everything Dave said. But scholarships will not be available for everyone. And some degrees like medicine or law is a full time job. Many parents are not able to help their kids financially or guide them. So the loan education and reform is needed.

[@bigjack79]

@Beyond Tribalism even so, there is not enough for every single student.

[@GoldEagleX]

I was one of the lucky few that went to college completely free. All my hard work in high school and extracurricular activities got me tons of scholarships that completely covered my tuition, housing, books, everything. I was eating at the campus cafeteria and sneaking food out for 4 years, but it was worth it.

[@davidliang913]

Making the sacrifices I had to make to graduate debt free was the best decision I've ever made!

[@raedorin979]

I went to a junior college and finished most of the classes for my 2 year nursing degree between ages 15 and 17 as a high school student..... the state of California payed for my classes since i was on high school. Then, i lived with my parents and payed out of pockets to advance my nursing degree to a bachelor's online. So now I'm a bachelor's prepared nurse and my total prove of education was 9 grand for the whole 4 years, payed out of pocket as a working nurse and payed by the state of California.

[@NS-pf2zc]

Hahaha, flabbergasted Dave is the BEST! Saying the quiet part out loud...I love it!

[@G_Money_]

I got fired up for no reason and I'm not even in college. Thanks uncle Dave

[@claubit32]

I’m so thankful for Dave’s straight to the point advice!👍

[@todd2456]

I was a Resident Assistant (RA) for 3 years which covered my entire room and board. All there was left, was tuition. Done.

[@schawnettarobinson8584]

Everyone can’t be a RA.

[@todd2456]

@@schawnettarobinson8584 but if you continue to play the victim, you will always be the victim.

[@schawnettarobinson8584]

@@todd2456 I understand Everyone can’t.. It is a suggestion for a few.

[@TonyRome402]

I graduated college on active duty in the United States Navy. The Associates degree on my first shore duty, then the Bachelors degree on my next shore duty. All paid for by the Navy. I could have done it sooner, but I wanted to sit in class. There is a huge difference between in class and online education.

[@chasecopeland5530]

I see a lot of parent's pushing a university (especially those who didn't go to college themselves) to a lot of kids who have no idea what they want to do in life. Instead of letting them go to community college for general education classes or learn a trade, they think it's university or bust. Next thing you know you have a kid who's a junior in college with multiple major changes and massive debt because their parents thought it was the best thing for them. Good intentions don't always have the best results.

[@Mermare]

Many people borrow more money than they need to pay for school. They borrow money to pay other expenses so they don't have to work while going to school. Or for more frivolous things, like vacations. They give people as much money as they ask for. Loans should only be for tuition and books.

[@davidking4779]

Dave's college rant shows his frustration on the numerous calls he gets with people trying to live with their huge unnecessary college loans. He is absolutely correct on his assessment of the situation and who is at fault, stupid people buying into Government propaganda. Government should stay out of economic issues, free market will make the necessary corrections.

[@sl66ggehrubt]

The current system gives one "benefit" over the European model: those who score low on the tests are still allowed to progress and graduate to almost any degree they can rack up enough credits for (wine tasting classes count too), by using other people's money guaranteed by government. In European style free education, the government will dictate what test scores and GPA gets to graduate from what program, and frankly most degrees currently on offer would be deemed unnecessary for society, and those with low scores would not get accepted to any college. The freedom to go into huge debt and pursue a degree way above your test scores is a beneficial freedom, but it should not come at expense of tax payers.

[@krane15]

Anybody can make an assessment. Those that are useful would be offering the solutions.

[@davidking4779]

@@krane15 I think Dave Ramsey is offering solutions, he also tells what he thinks about staying out of traps. If you don't think so, maybe you should go back to get your doctorate.

[@davidking4779]

@@sl66ggehrubt Freedom does include the right to fail. I am not ecstatic about financing others failures.

[@krane15]

@@davidking4779 I don't need to be a doctor to be able to tell a solution from a criticism. Hes making judgment, not giving usable advice. I could offer as much by saying no parent should have more kids than they can afford to send to college. Thee I solve the student loan problem no doctorate needed. As for working through school, some majors lend themselves well to part-time jobs during college, while others do not. A medical student can't study and have a full -time or even a part-time job while in school. If you're studying physical education, its a lot easier to get a job that's part of what you're learning. Solutions like those work for a few, but not at all for others.

[@oscar61200]

Currently halfway through college getting my associates this year and will pay 0 for my bachelors

[@brydakam1168]

What major/ college

[@oscar61200]

@@brydakam1168 I'm in Texas, attending Lone Star community College and transferring to University of Texas at Austin

[@oscar61200]

@@brydakam1168 Kinesiology degree

[@brianchristopher5807]

I went to community college a few different times and dropped out.. I got some education.. but told my self if I leave again then there is no return EVER. Well I ended up leaving again when I had to stand in front on my class and tell everyone if I was an animal what Animal id like to be 😫.. Never returned after this. I'm now 30 and just stuck with my job and now making $80k a year.

[@FManAngryAmerican]

I'm a Abilene Christian alum and I am paid ahead in my student loans already. I started to Dave and I am inspired to pay them off even more.

[@djpickleballplayer]

There’s also the option of joining the military and getting money for college.

[@minimalistgecko4867]

Worked for me, Grew up low middle class in Indiana, 5 years later, The US Treasury paid for SMC, UCLA, and my first semester of a Masters at USC. (I had to pick and choose where the GI Bill was applied and take loans out on the rest) However, I owe less than $40k for three great schools. If I had been smarter, I would have used the living stipend to pay off the loans. But that’s why I’m here now. I fell into the life of LA...

[@flisfinance5680]

lol Dave calls everyone that comments stupid!! Really drives home the point on staying out of debt!!!!

[@michaeltarlton6195]

I have a 2 year associate degree from a community college and completely happy.

[@joepfeiler5911]

Our daughter is giving up some independence by living with us while she gets her Nursing degree at our local community college and works a part tine job as a nurses aid. She will come out with no debt and be in a position to buy a house when she gets her certificate and goes to work full time.

[@DrJack144]

Never heard someone say their success is because of where they went to school? Why don’t I be the first then. I have a Ph.D. from Stanford. Mid 30’s now and make a lot of $. Ph.D. programs cost $0. I kept undergrad expenses low & left with minimal debt (long paid off). The place I went to school 100% had a major impact on my career since. Could give many examples of customer interactions where it mattered, too. I’m in the semiconductor industry. Don’t overreact to what Dave said - go to a big name, good reputation school if the decision is even close about what to do. You won’t regret it.

[@earthangel2524]

Big reputation school like Stanford lets you network with rich and influential people who help you succeed. Still, you can transfer to top universities from community college and cut your debt in half.

[@illinois_b]

Dave’s insights are appropriate in many cases, but by no means all. Jack’s story here is a great counter example. If you’re going into a STEM field, then it so often comes down to the credibility of the school you get into and attend. Those graduating from top ten schools tend to have more options than graduates from the next ten, etc. Dave equates success to his field, investing and finance. Not the same for all other fields. It’s why his comments about people being “stupid” are troubling, to say the least.

[@erincosta565]

Awww dad and daughter duo ❤