The Ramsey Show Reacts To Student Loan Forgiveness (Was Dave Ramsey Wrong?)

[@kevkev2380]

What about students racking up debt this year? It's insanity to forgive loans while issuing the same loans to the next generation.

[@brooksfire9580]

This is all detailed in the bill. Any loans after June 30, 2022 are not included.

[@blackworldtraveler3711]

The way things are going students can still buy their iPhone 14 and consume their pumpkin latte at Starbucks this fall.

[@bobschnittman2856]

Agreed. I think this should have been done in tandem with ending the student loan program.

[@hastycontemplation]

Good point, insanity is everywhere anymore.

[@brooksfire9580]

@@blackworldtraveler3711 How? Current students aren't paying back their loans yet. So why would this affect their current cashflow one way or the other? And if a student is working and can afford those things, we don't live in Communist Russia - why aren't they allowed to?

[@philipgerry5228]

Can he forgive $10k in taxes?

[@jlaw1901]

😂😂😂😂

[@capincrunch1184]

Would’ve been even better lol

[@theeasternfront6436]

Quite the contrary…

[@yodaflyz]

Can I haz 10k off my mortgage?

[@jdkay1390]

I can't!

[@devchatterjee9642]

I paid off my loans in 2019. I feel no envy or angry towards anyone who got their loans paid off. Envy is a sin. Im so happy for my common man that they can finally have a chance to breathe albeit it may not be enough.

[@link10909]

I am angry. I have young daughters everytime my generation does something selfish which will have longterm affects which will harm them I get more angry. If we want to forgive loans, fine but dismantle the defective higher education system at the same time, dont steal from my childrens future to support rich universities and bribes for voters.

[@devchatterjee9642]

@@link10909 Anger is a sin. Please let it go and be happy for your common man. They finally have a chance to breathe (albeit may be short and not enough). One can be against university greed but also be atleast happy that many amercians who have been burdened by student loan debt (i remember how miserable it was to pay off those loans) can finally have a moment of solace. Many of those people are working class and it misproportionally affects minorities. Be happy for them and also look at ways to make education cheaper for all.

[@link10909]

@@devchatterjee9642 "anger is a sin" that is not true (in the Christian worldview at least). If it were, Jesus would have been in sin... I should be angry at injustice and harm done to the innocent, that is good and morally right anger.

[@devchatterjee9642]

@@link10909 you are correct there. My bad. Regardless, I don't think it is correct to be angry that some people can finally breathe. Be happy for your common man. We spend millions on defense, one thing that helps out your neighbor quite well should be celebrated.

[@ErrythingPhroze]

@@devchatterjee9642 quoting the bible and don't even know what you're talking about. Just be quiet

[@savannahshakina]

“I was wrong, and I was right” why can’t ppl just say they were WRONG and move on?

[@matt19wk]

Why can’t ppl just payback their own debts. Like adults.

[@jamesesenwein5152]

If they are going to go down this rabbit hole, can they at least stop the Federal backing of student loans?

[@conureron3792]

They want to control the money to control the curriculum

[@LittleMopeHead]

This.

[@maxpeckham966]

No actually!

[@faylinameir]

Yes please

[@frankcb11]

this comment shows a lack of understanding the law

[@Kysen10]

The funny part is that they are still taking loans from new applicants. This problem will be back to square one as of next year.

[@kellyhou9594]

You are absolutely right. So sad

[@SpoonHurler]

They put a picture frame over a huge hole in the wall

[@edgarnieves2543]

Hello how can I verify this information? I want to read up on it and learn, thank you

[@dnah02]

Yep

[@Msteve-nt5bx]

They're counting on it

[@townmiles8691]

I went to school as an immigrant in the US and i paid by just working campus job. No parties, no trips, no nice things during school. Now I’m done with no debt I’m free and can do whatever i want. All my friends that were taking trips and parties are now paying for their loans.

[@TheHoriginal]

Actually…. Taxpayers are now paying for their loans. Uurrgghhh

[@genxx2724]

No, now YOU’RE paying for their loans. My family are not immigrants. But I had no extras when I was in school, either. No parties, no trips, no nice things, scared to drive because the car would break down. To this day I can’t stop worrying about money.

[@blk1735]

And you probably got a Pell grant.

[@michaelargenta3856]

That means you are probably not paying taxes right if u mention they are now paying for their loans? If u did taxes right or at all u r now paying for your lazy idiot friends.

[@townmiles8691]

@@blk1735 nope.. can’t get a pell grant. I wasn’t a resident when going to college so i couldn’t qualify. Maybe if i came illegally i would qualify.

[@williamlackey123]

The other day while at the gas pump it was like $3.80 somethin and I thought “man this is cheap” Then I realized I am brainwashed… I’m now programmed to think gas under $4 a gallon is cheap.

[@sagatuppercut2960]

Yep. I wish gas was that low. I live in California.

[@ArabellaCharm]

$5.21 a gallon here for regular.

[@waterheaterservices]

We must have Party approved correct thinking, we are building back better.

[@anonymouscommenter4272]

You watch Dave Ramsey so obviously you are brainwashed and easily manipulated.

[@Gade757]

@@ArabellaCharm its 2.99 in el paso tx

[@angelpcruz0214]

We would be much better if we had this same level of anger when corporations get billions in handouts and tax breaks.

[@TFTO1973]

EXACTLY! Look how much went to Ukraine in the past year. And most people are ok with that.

[@deamon506]

Yes we would. I knew this is what would happen. It’s okay when all our taxes go to bail out billionaires and fund the bloated military but not when we use it to help people (it’s okay to help people who made bad decisions sometimes friends)

[@GunGlutton]

We should be mad about it all. People have every right to be upset by this just like all the money we waste on foreign aid and all the horrible ideas coming out of Washington.

[@ComOneMaybe]

Say it again for the people in the back!

[@evolve5418]

Exactly! Tax breaks that Dave most definitely gets

[@MitchellEdelman]

PPP loan forgiveness was ~$750 billion and people are largely fine with that. Student Loans forgive $330 billion and now some people are riled up lol.

[@GunGlutton]

Im not okay with either

[@mcsmith7692]

Most people that have any comprehension of our federal deficit and debt are upset with both.

[@stevencorona6630]

People are salty, too bad! It will help me and many others

[@raulmunoz9735]

Cause they’re hypocrites.

[@bite-sizedshorts9635]

I wasn't okay with it. So "largely fine" is largely incorrect.

[@ghostyplans]

I worked nights through college and got out debt-free. My husband did the same. When we graduated and my husband got his job, we had a full tank of gas, a paid security deposit on a new place, paid rent, and $20 leftover between us. But we did it. It was terrifying, but we did it.

[@CritterCamSoCal]

Congrats Good Job !

[@AlecArtComics]

And? Sure your parents said the same thing when you got free universal busing… “Some people used to walk miles to go to school, why do I have to pay for universal buses?!” God you people are stupid!

[@benjaminselassie]

When was this and how much are you talking about?

[@ghostyplans]

@@benjaminselassie it was in 2020! And I don’t know how much it was because I paid tuition and the semester’s rent right when it was due.

[@benjaminselassie]

@@ghostyplans Oh yeah then good on you.

[@bjkarana]

"If they're so bad you have to cancel them [loans], then why are you still making them?" Yep, the financially literate are all asking ourselves that same question.

[@thesuperdingos]

I paid for my own loans and paid them off. Where’s my money, Joe?

[@mg2619]

You clearly have it if you can pay for your loans dude

[@jorgesalazar818]

Great! You didn't need the help.

[@user-jy7yw5kw3w]

You will now have to pay for others also, that’s the reward for being responsible.

[@roberttallent2855]

Life isn’t fair

[@HatedJared]

You probably budgeted,scraped by, and ate beans and rice like I did on an average salary to get out of debt like a responsible and motivated person. Shame on you.

[@teachergotgame2203]

David Ramsey is sooooooooo salty and passive aggressive. I love it! 😂

[@jamesandrew6153]

Yea he’s heated 😆😆

[@JohnJohnson-kg4ek]

Dave: "I'm not political" Also Dave: "This failed presidency" What a joke.

[@WeBeatMedicare6969]

“Failed presidency” is a factual statement not a political one soooo

[@jtuck49]

Yep!

[@charity7273]

I'm glad someone else notices his hypocrisy

[@forthdimension686]

I wanna feel bad but I can't. We needed this🙌

[@punk6119]

I have been working on Dave's baby steps for a few years I only have my student loans left. I owe 15k right now. This would drop me to 5k. With the extension of forbearance I can save up quickly without making payments with high interest and pay it off before the end of the year. It's bitter sweet. I'll have to help pay the taxes, but I'll be debt free.

[@travisallen8158]

I'm right there with u.

[@lithium25693]

Ppp loams were 700 billion students loans is 300 billion.

[@brittanyfragola3326]

I’m in the exact same boat

[@lisiaetv5478]

Glad for you and everyone else that are receiving help with this predatory lending system. I paid my $100k student loan balance off in 2018 but I'm so glad others that need help are able to get the necessary assistance to get out of debt and live a life of freedom. I am not bothered by others receiving financial help. If Dave claims to be such a Christian, he needs to seek to understand God's way of compassion because Dave's way of thinking is not compassionate in the least. The Bible mentions the year of Jubilee (debt cancelation).

[@Lovelyinspo]

@@lisiaetv5478 Amen 🙏🏾

[@rakeau]

It's sad, because in a way, dangling loan forgiveness over people's heads like a carrot on a stick, actively encourages people to stay in debt. This doesn't fix anything, all it does is move the problem somewhere else, at best.

[@mikeb3851]

You are correct, it sends it to the tax payer.

[@chrispollock7507]

💯

[@Pack044]

Exactly

[@MarkSmithhhh]

100%

[@miketheyunggod2534]

It also bribes them for the mid-terms.

[@chanj2109]

Props to Rachel for always reeling in Dave! He's gets soo upset, and she's so gracious in wrangling him back on task 😅👏🏽

[@massoundzandieh9534]

She has a lot of experience in this area of comforting men.

[@chardiemarie7455]

Right @Chan J. I was thinking the same thing.

[@africanlegs]

Yea that was painful to watch. Letting his emotions run him smh.

[@1BABartz1]

I have no problem with his rant. He wasn’t over the top in the least.

[@allenpriest8985]

Actually there was. Perhaps you weren't paying attention then.

[@williekenk]

Thank you Rachel for attempting to bring it back to the center!

[@Lovelyinspo]

The same people whining in these comments about loan forgiveness were not whining when they received a stimulus check.

[@hereiam1041]

Girl! That part!

[@BlackExcellenceProductions]

Rachel fighting to get a word in over Dave 😂

[@LittleMopeHead]

I'd love to hear more rant from Dave about this. I am sure it is exactly how many feel about this too.

[@NicksDynasty]

I already paid off my loans years ago and I'm happy that those who live with student loans get some forgiven

[@evolve5418]

God bless you

[@NicksDynasty]

@@evolve5418 😇

[@Lovelyinspo]

I love your heart posture and compassion. So many people who have paid off their loans are angry revealing their character.

[@NicksDynasty]

@@Lovelyinspo thank you!! I'm all about my fellow humans doing well. If I still had loans I'd be happy to get 10 or 20k of it forgiven and at this time I'm happy that some of my friends get's some loans forgiven I want us all to get help where we can

[@bite-sizedshorts9635]

I suppose you're also happy that you and I and everyone else will have to pay for those loans. It's immoral.

[@Mrlenox86]

He doesn't mind bailing out banks, but he doesn't like loan forgiveness.

[@ellencox8415]

🤨🤣 Are you new here? Look up Dave's rant on bailing out the banks. It's all stupid. It all causes inflation and we are all going to pay through more inflation in funding foreign governments, bank bailouts, and now student loan forgiveness.

[@mrmoore2485]

Really engaging Comments... Almost forgot 👉👉What has changed your financial live positively?... (A RESEARCH POOL 📌)

[@aguilarkristine7022]

@Kentucky I’m in a similar fix ,can you say a pro to hire or work with?

[@biyuwang9952]

I once bumped into video of indextrade some KZbinrs talks about it a lot.

[@jakethompson8737]

PEACE LOVE UNITY PROSPERITY CALM WISDOM I REALLY LOVE THIS CHANNEL BECAUSE OF THE NICE UPDATES HERE

[@AetherPhantasm]

Before y’all get too up in arms, just remember that Ramsey Solutions had over $5000 forgiven for the PPP loan, which came out of your pocket.

[@larrybarbee4916]

Interesting, but is this true ? I get your point tho if it is true.

[@GunGlutton]

Ohhh I see so more bad ideas make up for past bad ideas?

[@Tunechi65]

"Ramsey is all about do as I say not as I do" he's a walking hypocrite that's a used car salesman

[@larrybarbee4916]

@@GunGlutton I don’t think that’s what he’s saying , but I do see the point. No one gets up and arms when the rich and business owners gets subsidies, bailouts, grants, etc, but when money is given to the “little man”, it’s a problem. That’s not argument, I’m just playing devils advocate

[@snafuAB]

@@larrybarbee4916 other than the top 10% pay over 50% of all the taxes collected .. Literally they are getting back the money they earned and paid in taxes.

[@CZsWorld]

I don't care about politics, but my prediction is that we're all gonna be paying for this "forgiveness" x10 when it's time to pay taxes next quarter. Remember how high the taxes were after the "stimulus checks"?

[@bamafencer12]

Everyone is gonna owe. The state of Colorado issued TABOR checks to the taxpayers this month. Might as well rip it up.

[@HOLDXSTEEL]

We pay for everything eventually anyway do we really care anymore at this point except seeing prices skyrocket

[@goku48071]

Yeah but we also increase the military budget. This is actually a good thing you're complaining that taxes might go up for actually benefiting people, please complain when they do it for things that do not benefit you and know the military budget does not benefit you they're buying things that they're not using cause it's bloated

[@jjpark4110]

@Paul Schwartz That's on average though? So the rich would pay more and the poor would pay less and it would be spread out over 10 years. Right?

[@vladimirofsvalbard9477]

That makes absolutely no sense bud; taxes did NOT go up because you received a stimulus check. Inflation went up...

[@alejandrovalladares2840]

In terms of fairness, there is no doubt this seems to be unfair for a huge number of Americans, however it seems a bit hypocritical coming from people who supported forgiving $750 billion PPP loans

[@aightm8]

I think a key difference there is shutdowns were mandatory. Whereas the level of education and student debt someone takes is optional.

[@billybeemus3929]

The people against student loan forgiveness were also against the PPP loans. You can't just make stuff up and present them as facts.

[@sgtmclay]

@@billybeemus3929 It's documented who was publicly against student loan forgiveness, but had their own PPP loans forgiven.

[@thomasjust2663]

Nobody supported forgiving those loans either, people seem to forget, that student debt money was owed to the American Taxpayer, now we will only get more into debt and there will be less money for social programs, social security, building roads and it in the end this will really fix nothing, people will just get into more debt

[@colbyallen5750]

I paid cash for my MBA and although it stings a bit, the habit and character of taking ownership is there. People who don’t understand how great a gift this can be won’t change and keep making stupid decisions. Best wishes!

[@littleripper312]

Exactly, $10k isn't going to fix these peoples lives.

[@deniseclarke2009]

Very True, I also paid for my MBA and my Masters in Education and proud I could and did it.

[@raindrops95]

@@littleripper312 But it will lighten a BIG burden, and be a HUGE stress reliever ~~

[@brycepowell6639]

Lol, I took 10k in loans and have it sitting in a bank. Was waiting for this to happen. Now I have a 10k head start in getting a house and will be able to reach my goal to give generously faster. I will agree tho most people have no idea that they were basically handed 10k and they will continue to make poor finacial decisions.

[@moonshine4049]

You were fortunate to be in a position to do that. Not everyone can. My daughter came out of her BS program with zero debt, paid for her first year of Masters with savings , now she has federal loans. No fault of her own. Rent needs to be paid, food, utilities. She is one step away from total brokeness.

[@TheNecessaryEvil]

Your body your choice. Your loan your payment.

[@snafuAB]

Love this..

[@craighendricks2994]

IM DEBT FREE!

[@RusskiCommieBot]

Fiat Currency is debt, so unfortunately you are still enslaved by the Federal Reserve System.

[@hkmamacmd428]

Dave can't admit her was wrong without going on a alt-right manifesto

[@queensoniah2056]

He was 100% right after all.

[@robw2145]

I worked while going to school and worked in the summer as well. I paid off all my school loans. This rewards irresponsibility and laziness.

[@keny9981]

Good for you but thats not always possible for everyone

[@elliem2350]

Just because we’re getting help doesn’t mean we aren’t sacrificing and trying to pay it. Idk why the narrative always goes to the far side of the people who are getting help are useless/lazy/irresponsible etc. I have made so many sacrifices I have paid my loans and been without food in my house I have been at risk of losing my apt just to stay on track with my loans working 2-3 jobs just because im getting a LITTLE relief doesn’t mean I haven’t sacrificed and been paying and in the end it will affect my taxes too so I will be paying that portion back just from another avenue. What do people think? Those who get help also never have to pay tax either? Clearly we’re in income brackets that will also be impacted by any tax increases….

[@jluck1399]

Cope Seethe Mald

[@YanilleCastillo]

Who’s going to pay for this will it be the middle class again🤷‍♀️

[@perotal]

Yes we pay for things we don't want all the time. Wars, bailing out corporations etc.

[@1301407gl]

The middle class have the loans

[@YanilleCastillo]

@@perotal you said it 💯 I am very careful who I have even pray Over me

[@YanilleCastillo]

@@perotal I know it’s about money but I’m taking it to the spiritual level lol mercy and at the end God honors his word numbers 23:19. But yes God is so deep .. his thoughts r not our thoughts his ways not our ways . But I agree 💯. It’s the stupid choices antichrist spirit people r making period . John 10:10

[@YanilleCastillo]

@@perotal and the church is asleep not my platform so I’m going to shhh 🤫 nothing to do with this show . Cuz I prayed for wisdom with finances next few days I find David Ramsey

[@shoppersdream]

What a shame! We didn't go for our own education because we could not afford it and now, we are paying for those people who made their choices to go to colleges with no money, and the Govt. made us pay for their choices and their education. Why doesn't the Govt also give us $10K so we can go to college now?

[@littlesongbird1]

Good news. They are making loans and repayment more reasonable and increasing grants so now you can go to school if you want to.

[@reese85]

Man! Y’all whine about everything

[@raulmunoz9735]

@@silentnot4812 if you think 10k is going to pay for everything that you mentioned, you have no idea what college costs nowadays.

[@KouryuTube]

lol

[@Roxality]

If they are canceling student loans, they need to put a cap on how much people can borrow or keep them a no interest….something has to give my gosh!

[@axmontem]

Is Dave stuttering and back pedaling along with his little assistan!?!!! Lol

[@CycleCruza]

When those student loans are forgiven they will just go get more debt to replace it. 😂

[@alwaysevolving281]

This is where Dave & Company can capitalize. Continue to target the psychological aspect of spending and borrowing. Target and open more doors to those who just got the debts wiped clean because they still won't "get it".

[@Anthony-db7cs]

Source: trust me

[@richardchristensen4116]

I’m annoyed. I just got down to 2200 left on my federal loans. I figured the loan freeze was a great time to pay off my federal loans with no interest. Now I feel like I wasted 8000 this year. At least I have the internal moral win of doing it basically entirely in my own

[@jameschandler6449]

I feel your pain. I have my bum best friend that has 18k in debt, and now more than half of it is paid off. Unfair.

[@kirilvoloshin9319]

You can get what you paid since 2020 refunded

[@moulingiselle5718]

There's a provision in the Cares Act that says you can request back any money you paid toward the loan if it was during the pause. So you can technically request it (call your provider) and then apply that money toward the forgiveness and pay the rest of the loan in full when the pause officially ends.

[@Tunechi65]

@@jameschandler6449 y'all know you can get a refund right? Stop complaining.

[@Hopeful62]

@@jameschandler6449 you're a lousy best friend

[@lightheart2183]

Paying off debt teaches you to be a master of your own money. You become mindful of what you spend and where. I'm surprised it still happened. I benefit from the 10k. All this does is make my debt free date be earlier than expected because I already was responsible and paid off over half off during the forbearance.

[@christinah9954]

That actually does happen.

[@janae09]

Same here.

[@mybookoflife748]

Agreed!

[@troychalmers3646]

Good job paying off the half

[@reesej7279]

I totally agree. I have a strict budget that includes my daughters loans. It helps to keep me on track and I actually get excited as I see the amount go down. It is a bit disheartening to think that someone else can make a decision on your behalf in regards to your loans. There is always a hidden agenda when someone else pays for something on your behalf.

[@gkim1005]

I'm not a democrat or republican. Frankly speaking, both parties are dysfunctional and are self-serving. $10K student loan forgiveness or up to $20K for a pell grant recipient is a sucker punch in the gut to folks who made sacrifices and worked hard to pay off the loan. This is going to encourage more bad behavior and irresponsibility.

[@Lifeaslona]

You shouldn’t have paid it then

[@nothing-oj1sz]

Don't worry about it. MIND YOUR BUSINESS and you should be ok.

[@danielvalenzuela8814]

@@nothing-oj1sz actually it is G kim's business considering that taxpayers will pick up the tab for this $300b loan forgiveness plan.

[@raindrops95]

@@cstuartdc Hear, hear!

[@anthonyfaucy2761]

Noone forced you to pay it. You played yourself

[@andrem1238]

I thought Dave was going to totally ignore this topic. Too much pride and he hates being wrong

[@nataliethomas3260]

I love Rachel's passion in this clip.

[@SAOrules]

FJB

[@debrasjourney]

I borrowed $22K for my Bachelor's degree. I have made regular payments over the past 25 years but sometimes life was hard and I had to do a deferment and forbearance. I signed up for an IBR over 10 years ago and my balance in 2020 was $50K. People think you want a handout, no I just want the student loan servicers to not get away with their predatory practices. They have made billions on interest.

[@Uchihawallstreet]

He was saving that student loan forgiveness before November terms lol. Good strategy if you ask me.

[@thefpvlife7785]

It's politics 101

[@pokemonlover303]

This is going to be a huge transfer of wealth. People with college degrees are higher income earners as it is. Now people that choose not to go to college because it was overpriced have to pay for people’s decision to go to college.

[@alexlee2603]

Right. I hate paying for public schools too for my non-existent kids... don't get me started on the social security I also pay and don't get to use.

[@pokemonlover303]

@@alexlee2603 right by the time I retire social security is going to be bankrupt and a thing of the past

[@perotal]

@@alexlee2603 and the list goes on

[@brooksfire9580]

People with college degrees are higher income earners as it is? Nope. Some are, most aren't. Most are barely getting by.

[@alrbredwall]

@@brooksfire9580 the United States department of labor statistics proves you wrong. For the most part they are higher earners. Your low income associates are not.

[@alexatedw]

lol so when companies get bailed out do we get mad for the companies that paid their bills on time?

[@chancock4222]

Ramsey is such a hypocrite. He's against student loan forgiveness but filed bankruptcy in 1988 when he failed at his job. See Dave, your mountain of debt that you couldn't pay could be discharged in bankruptcy court freeing you of the burden. Student loans aren't eligible for bankruptcy protection. So Dave, who claims to be a Christian which is an entire faith based on someone paying a debt for you that you couldn't pay, is big mad that others got some help when he got the exact same thing. Is it a perfect plan? No. Does it help? Yes.

[@Powertothenation]

He paid back those loans later in life after the bankruptcy. He’s written about it in his books.

[@chancock4222]

@@Powertothenation He still filed. He Paid them back when he got rich and under his terms. These are options not available to middle class kids buried in debt that the cost of which has increased far beyond wages.

[@alinatamashevich3354]

@@chancock4222 You still don't get it. Put down the hater-aid and go to work.

[@chancock4222]

@@alinatamashevich3354 I own the business. I work when I want.

[@chancock4222]

@@alinatamashevich3354 I own the business. I work when I want.

[@scottydont2549]

My girlfriend never stopped paying on her federal loans because of how much more powerful the payments are when there is no interest. Assuming the courts don’t block this, she would only have about $2,300 left to pay and that will come right out of savings. Then both of us will be debt free.

[@CE-vd2px]

Scotty don't

[@virginiaattakumah8603]

She could ask for those payments bsck and can qualify for the 20k or 10k refund

[@dariogrossmann2353]

I think you could apply for a refund for payments made up to when the payment pause started

[@HomeLoansByCarlosScarpero]

I heard that borrowers who made payments voluntarily these past couple of years can get that difference up to $10k refunded

[@Nmdresser]

Congratulations, thats excellent you guys are very close to being debt free!

[@DietPizza1]

The bill will get rolled into our taxes, which are about to soar now

[@unclebenny]

And the new IRS agents will make sure you pay.

[@PaulaWalnuts]

@@unclebenny you better believe they will! You’d be lucky if you broke even!

[@alinatamashevich3354]

Bingo, there are NO free lunches

[@ashadowedsniper4619]

Was waiting for this video from Dave😂

[@talynscarbrough6557]

Same lol

[@unclebenny]

The next "Dave was wrong" video will be about home prices dropping.

[@yenibobenny]

In PR most of us go to college using the Pell grant and I was fortunate enough to be able to pay the difference with another grant for having good grades, thus graduating debt free. The thought of 100k dollars student loans absolutely terrifies me and even more so how normal it seems to students in the mainland US, like it is simply a fact of life.

[@garyish]

@Caroline Hudson I believe pell grants are given to low income families and students so my guess is that’s why it was taken

[@CatholicTraditional]

@@garyish Pell Grants are for low-income students.

[@Livelaugh44]

Try having $200k in debt lol 😂

[@yenibobenny]

@@Livelaugh44 I would have a heart attack!

[@nro9450]

I think most students finish school with like 37k in loans which is still a lot but not nearly as much as 100k

[@jdagrees9609]

Well I only have $2k left on my loans and $9k of my husbands left so this is coming right on time for us.. at the end of the day we are all paying taxes for things we don’t necessarily want to. Those who were able to pay y’all’s off Amen and y’all are blessed. Some of us were actually trying to pay it off and becoming debt free with the baby stuff so it’s a blessing for us. Don’t try to make us feel bad about this please. Now we (my husband and I) can start focusing on having funds for our children’s future so they don’t even have to go into debt !

[@Ryan_L]

I hope you don’t feel bad. No one who ever received a tax break ever feels bad or guilty. Sort of the same thing. Some have missed out others will take advantage of the opportunity.

[@littlesongbird1]

@@Ryan_L Thank you! Ten bucks says most of these posters griping about "I paid my loans and I am paying for my kids to go to college" don't mind getting their child tax credits or deductions for having kids. Gee. I don't have kids. Maybe I should stomp my feet about my tax dollars going to schools and people with kids getting a bigger tax break?

[@sstrongman1667]

You can actually ask for a refund on payments made during the moratorium

[@queenofdahouse1591]

@@sstrongman1667 Yes this is true! Happening for our youngest!

[@Toastymuffin]

Awesome! Make sure you get your refund as well.

[@nicholasmartinez6043]

As soon as the news broke, this was the video I was waiting for

[@kevinhartrum]

Dave please make a program that students entering high school can follow to keep them out of debt or be able to manage there student debt when finishing college

[@dexterwooten7839]

Indeed he has a lot of content being taught in schools and churches across the nation, though I suspect it is mostly in non-public schools.

[@ds5651]

Work in highschool, get good grades, go to a community college then transfer. Live at home if possible.

[@re_flow]

They already made one. Check out "Debt Free Degree" by Anthony.

[@thomasjefferson5727]

Finish high school, don't get pregnant or impregnate before marriage. Work 40 hours a week, obtain a marketable education without going into debt.

[@DBest-pk2tr]

@@ds5651 I went to a state college and lived at home the entire four years. Never spent money on alcohol or tobacco. Thankfully my parents could afford to help me. Graduated debt free without receiving any loans, grants or scholarships.

[@sandrafrederick4923]

Anyone complaining about student loan debt forgiveness and the cost for the rest of us, better have be at the front of the line screaming about all of the tax cuts for the rich, and corporate wellfare. I am waiting...

[@dec23]

I was a college financial advisor for years, what pisses me off is most students take out more loans than necessary. They check that it's for "living expenses" but I remember many using it for weddings, vacations, etc. That's what pisses me off about forgiving these loans. I've even heard people saying they're never going to pay back their student loans - well then you should have never borrowed it. Borrowing something with no intend on returning is called stealing.

[@katiejon17]

If we have to pay their loans, they should have to relinquish their degrees. They’re thieves.

[@daniellineberry8879]

We are having a major worker shortage I believe because college aged kids are not working any like they did 20 years ago to pay for part or even all of the bills as they went. Now they just CHARGE IT and expect us that did not waste our time going into debt or to college to pay for they bad mistakes!!!! My wife and I are homeschooling our kids, putting our oldest through college, and paying our OWN BILLS, without either one of us having a "college degree"!!!

[@shentino]

Tell that to the banking industry that borrowed our financial souls without any intention of giving them back.

[@jakiesarmiento]

Ooof, I feel this! I remember struggling financially in community college and using up every penny of financial aid I was given for books and fees while classmates were buying Playstations and expensive shoes with theirs. It's disgusting but it's also a mixed bag. For every person being slimy with financial aid you have genuine people using it for school.

[@dannyflay8671]

This is absolutely true. I remembering borrowing more than needed but I actually used it for “living expenses” as did my brother. The bucket i used to commute back and forth to class needed engine work, or I needed a root canal and cap on this or that tooth, and etc. try to go easy on Students making poor life decisions….remember they’re students, 18-21yo

[@TRC19999]

This plan is such baloney, we are paying for this!

[@xdeathknight72x]

Would you rather your taxes go towards death machines or billionaires pockets first? Just wondering which one gets it before the average American can get a penny of that back. Why cant you be happy for the gov finally helping the average person?

[@tonypreston7278]

So what? At least it’s going towards something noble. This is a good thing.

[@alexlee2603]

Right. I hate paying for public schools too for my non-existent kids... don't get me started on the social security I also pay and don't get to use.

[@alexlee2603]

This is a society and that is how it functions, you pay for stuff that benefits the whole population not just yourself. Maybe we can stop printing money for other countries and spend it on our systems.

[@MrSdragon197]

Forgiving the irresponsible will only bring more irresponsibility for future debtors.

[@aeromedical6750]

Exactly. Am I going to be compensated for the money I spent to help get my son through school debt free? Oh wait- that smacks of responsibility and those of us who actually act this way have no voice in such matters. I digress …..

[@alexfonseca2063]

Dave Ramsey was irresponsible and had to declare bankruptcy. His debt was forgiven.

[@eclipse.5295]

@@alexfonseca2063 That’s a good point.

[@superior120v5]

Why would anyone pay student loans at th8s point

[@botanicalbecca8443]

Not everyone who has student debt is irresponsible. I owe nothing, and have no degrees (nore regrets), but many folks work very hard and can't pay off their loans due to cost of living increases not matching wages, way before inflation started.

[@adamseidel9780]

Lol, Dave absolutely did NOT say that and told people to stupidly pay their loans in forbearance with this possibility on the horizon. Never ever hold rigidly to Dave’s narrow view of things or rigid system.

[@Tyra_Night]

💯💯💯💯 exactly! I knew I had to take his words with a grain of salt as soon as I heard him advise ppl to pay their loans in forbearance at this time.

[@chrysiarose]

I paid off my undergrad about five years ago. I had a full scholarship for my masters program. So I am happy for those who needed some relief - my old student loans were 8.5 percent. State universities needs to be public like the public schools.

[@goodday1209]

Your body…your choice? Your debt…you pay for it!

[@CatholicTraditional]

If you want free/mandatory college, just turn our HS’ into colleges.

[@adrianmechelle3784]

People are so upset but are they as upset as those who had millions in PPP loans forgiven? Are they as upset with big business bailouts? It’s just 10K to 20k. It wipes out the remaining balance I was paying on, but for some…this is a drop in the bucket. For those that REALLY need it, this didn’t help all too much. However, I am wholly thankful.

[@MrJordanT]

Not as upset about PPP.

[@truckercowboyed2638]

No it's 300 billion did you not listen?? 300 billion is more than the amount of all the PPP loans forgiven

[@adrianmechelle3784]

@@truckercowboyed2638 A quick google will tell you PPP loans amount up to 800 billion.

[@reyr.8552]

@@truckercowboyed2638 All you had to do is research how much the PPP loans amount was and you wouldn’t look stupid.

[@Lovelyinspo]

Me too 🙌🏾 and the same people upset were the same ones qho qualified for stimulus checks and had no problem utilizing that money 🤦🏾‍♀️

[@nathanmitchell2827]

As a taxpayer, I’m furious. As a recent college grad, who owes 15k, I’m excited (don’t crucify me for this, anybody would be excited for a free 10-20k). I fear though that the risks outweigh the benefits with this decision, as a taxpayer I think I’ll pay for this over and over again.

[@mariee.5912]

I get it.

[@tannerdrake]

Now people are going to be more incentivized than ever to hang onto their student loans like pets. I'm a big Dave fan, but I'd even be conflicted about paying my student loans off early if I had any because now there's precedent.

[@thunderb00m]

Yep. This! There is no hope for for any future loan to be paid off. I don't mind the current ones being forgiven but it doesn't make sense without systemic changes in how the program operates and also making sure there's never going to be a forgiveness in the future.

[@robloxvids2233]

Seriously. The message this sends kids is "don't be responsible." I'm shocked that Joe Biden's own son is a crackhead. What an enabler. Doing something that looks good but actually just damages the sheeple. This is how they control us.

[@isaiahh4108]

Or this generation will warn the next that’s what I did for my younger siblings

[@insideoutsideupsidedown2218]

They will be more incentivized to take out student loans that are FEDERALLY backed.

[@moonshine4049]

@@insideoutsideupsidedown2218 these loans have always been first choice before. Nothing is really gonna change.

[@colin1818]

"I thought that Washington would never do anything but bloviate about student loan forgiveness" When your poll numbers are this bad you're not above bribery.

[@colin1818]

@@P.90.603 - So why are we still approving these loans? If you can't see that this whole proposition is problematic then you're part of the problem.

[@Anthony-db7cs]

@@colin1818 Because the US doesn't fund its higher education system like other countries or how the US used to and many people would be priced out without them.

[@ehderguyyashootadeerorno2313]

Why are there such high income caps on this forgiveness? Up to $250k married. Why cant a couple who makes $240k per year pay off $10k on their own??????????????? Such BULL.

[@austinh681]

the student loan forgiveness amount is only 1.6% of the national debt. The National Debt obviously doesn't matter seeing how it is going to infinity lol

[@georgewagner7787]

Keep laughing. I don't have kids so my grandkids won't be around for the big crash.

[@bobsacamano7653]

Wrong they are only forgiving a small portion of the total student loan debt

[@chaplainstudent5689]

Not the point. It's unfair to everyone who worked hard and we're accountable

[@KC-qr3wk]

@@chaplainstudent5689 Life isn’t fair.

[@chaplainstudent5689]

@@KC-qr3wk amazing yet not really much of an answer

[@patricksullivan2096]

I’d come down on forgiveness as well if my bread and butter was selling classes, books, shows, on debt relief.

[@jaypence332]

I would be debt free if this actually turns out.

[@jamesross1798]

I normally agree with Dave, but not this time. His whole argument is literally saying "We had to pay, so you should pay" insisting that the very people he's trying to help achieve financial goals to pay unnecessary student loan debts that's been forgiven simply because he and others had to. But isn't investing about taking risks? Well they took the risk Dave and it paid off for them. I paid off all my student loan debts as well, but at least I was prepared to be debt free in case the student loans weren't forgiven, that's enough for me. Get over it!

[@larrymuhammadsr]

I love it you are correct well said!!!

[@loljk9443]

That line about the loans being so bad you have to forgive them is so amazing.

[@kennnnnnnnnnnnnnnnnnn1242]

I’m 24 and paid for my own college! Finished my AA debt free and I finish my bachelors in less than 10 months DEBT FREE. Making 83k annually! :) people can pay their own debt

[@wideopennoklahoma7014]

please provide a roadmap for those who are preparing to attend! Did you get scholarships? Pell Grants? Did you get free tuition and/or books? Did your city or state provide free college as a new HS graduate? HOW were you able to do it? Please share the details! Congratulations!!

[@desco7628]

Kudos to u!!

[@kennnnnnnnnnnnnnnnnnn1242]

@@desco7628 thank you!!

[@agingacademy]

But do billionaires need tax credits and PPP loans forgiven? Tax “policy” is consistently inconsistent. There’s always flaws in the logic/application. On the whole, I’m happy for those who got some genuine relief, even if that includes some who don’t need it.

[@keny9981]

Exactly, the rich gets forgiveness all the time

[@raeblair6166]

How dare the average American get something! Rich people now have their knickers in a twist and eff their trickle siren economics!

[@horseugal]

I wonder if Dave will pay back the PPP loan he benefited from?

[@celieboo]

👏🏾👏🏾👏🏾 this comment. No one has a fit about the PPP loans and billionaire tax credits.

[@J0HN3]

PPP loans were given because the govt FORCED businesses closed. Don’t forget. Also, how many of y’all work for a BUSINESS or run a business? Hypocrites. Most business owners are not billionaires, stop watching MSNBC and listening to those lies. My businesses run in the edge of going out of business.

[@tonypreston7278]

Remember when Dave Ramsey said this would never happen? Pepperidge Farms remembers..

[@edb484]

Exactly, he was wrong that why I waited to pay mine off and kept it in another account earning interest.

[@caydenthompson126]

Dave's been wrong about a lot of things

[@bellajames9543]

@@edb484 yeah and he caused a lot of people to miss out because he told them to pay it off when they could’ve just waited.

[@robertjackson1740]

Because he’s out of touch

[@ducky1593]

I respect Dave more when he doesn’t get political.

[@PriceyP]

You realize he is a human right

[@bite-sizedshorts9635]

You realize politics is what causes our economic problems.

[@savannahshakina]

My thoughts exactly.

[@matthewcarrier9079]

I wish, I can show this video to my classroom.

[@godisawesomestudios9583]

"The island of misfit toys aka Washington DC" 😂

[@missdemeanor3524]

O.M.G. I HATE THIS ADMIN WITH EVERY CELL IN MY BODY.

[@tenminutetravelbreak]

My kid started college on Monday. They really are good at hiding, or pushing back the whole funding discussion, until the 11th hour, so that kid has already committed and is emotionally invested in going there. Then they want the parents to sign for loans, or whatever. Kid has scholarship for tuition, fortunately, but still has to borrow for dorms/food plan, etc. She did OK, but I am sure a lot of kids just go along with it anyway.

[@montymython754]

Getting hustled because it doesn’t occur to you to ask questions up front doesn’t automatically mean society is responsible for your decisions

[@hastycontemplation]

I hear what you are saying but it is still no reason to go into debt, if it's too much, it's too much. They did similar things 30 years ago, I applied to a private school that was 10k per year, a lot back then. They sent me letters accepting me, it was all ready to go and I was excited, but my dad was like, um, no. That was it, end of story.

[@JS-sv4ol]

It’s their job to ensure recruitment numbers are always steadily increasing

[@cjmor6590]

isnt that your responsibility to have the money after 18 years for dorms and food and not wait for the tax payer to issue those loans for u

[@aboutwhat1930]

A very large number of those same schools will require Freshmen to live on campus, part of the "college experience".

[@riblets1968]

5:30 Rachael is so spot on! I've been preaching that for years! I only hope that more people listen to you than had to me.

[@LVGirl4]

What people don’t understand is that you still end up paying for those student loans - in the form of low wages, higher inflation, etc. just like Dave Ramsey was saying. You can’t just cancel debt and think it has no effect. It has to be paid for in some way or another. It just comes out of your pocket in a different way.

[@jjeverson2269]

An individual signs a contract and we all have to pay for something we didn’t sign up for?

[@raulmunoz9735]

You pay for a lot of things you probably don’t agree with, but helping students is going way too far huh?

[@ImDahDude]

@@raulmunoz9735 absolutely it is! F out of here with that question. It’s because of people with your mentality that we’re in the position we’re in.

[@jjeverson2269]

@@raulmunoz9735 that along with economic wars to prop up corrupt countries, providing handouts to those who don’t lift a finger, providing loans to corporations that don’t deserve it and won’t pay it back and to support those who do not respect the countries laws to enter the country legally is too much. It destabilizes the country and removes incentive to do things the right way.

[@PaulaWalnuts]

@@ImDahDude I stand by your response 100%!!!! Ridiculous people think we are obligated to help others!!

[@shaeyager8165]

@@raulmunoz9735 Agreed!

[@shalom8858]

I paid off my own student loans and my tax dollars going to pay off yours now. I demand reparations for my pain and suffering along with my stress and mental anguish. KEEP FEEDING STRAY DOGS AND THEY NEVER LEAVE. The handout class is set in stone.

[@brooksfire9580]

I paid off my own student loans as well. But I'm very happy for others who will have it easier than me. I don't like seeing people suffer.

[@Sheryl777]

@@brooksfire9580 They could have thought about the fact that they would most likely have to suffer paying their loans off if they got student loans...that would be the responsible outlook...not looking for handouts from others. You can hate me for saying that, but that's just how I look at it. I agree with Shalom's stray dog statement.

[@riverdalep]

And how long ago was that champ?

[@nugenix2677]

@@brooksfire9580 as usual the entire middle and lower class will suffer as they pay higher taxes. Wake up!

[@clarifyingquestions]

@@brooksfire9580 Ha Ha HA suffering is those who paid off their own debt. those who dont suffer will be back for more - will you still be happy ?

[@TheJaymnj]

This guy thinks he's always right.

[@amireallythatgrumpy6508]

Everybody thinks they're always right. It's called being a human.

[@FunandBudget]

Wait...how are you going to be angry on the behalf of people who paid off their loans when YOU told them to do that??? My thing is people need to learn how to listen to their own selves and not financial gurus who guru over their own opinions. The real answer should have been pay something towards the loans and then save up the excess to put on the loans JUST IN CASE the loan forgiveness came thru. Sorry but this entire country has always been about the advancement of certain people in certain industries who use the rest of us as political pawns. The key is knowing how to make the game work in your favor the best way you know how.

[@anthonys.8569]

100% he told people to pay them off when there were serious talks about forgiving them! Dave is so delusional on this topic. His political cards are showing

[@nicollenakr173]

I’m sorry- Didn’t Dave have his debt partially wiped away through a bankruptcy? Weird double standard he has.

[@georgewagner7787]

He didn't get your childrens tax dollars.

[@Freshboyarly]

He's being a hypocrite

[@andrewseidl7590]

Boomer hypocrite

[@bite-sizedshorts9635]

He was a different person way back then. Listen to his life story.

[@Anthony-db7cs]

@@georgewagner7787 Your children's tax dollars already fund state schools (although, less than it should) and K12

[@matthewsaunders4820]

Dave's just salty because he was wrong lol we're here for your personal finance advise not your political hottake

[@JB-mn4ff]

"My mortgage is now identifying as a student loan." 🤣

[@Freshboyarly]

All of a sudden Dave Ramsey is a prophet 🤔

[@steaktastebetterpill]

My goodness. "My mortgage is now self-identifying as a student loan" is the wittiest quote I've heard in a long long time.

[@t.j.manzke7651]

This is not fair to the people that EARNED scholarships to go to school, RISKED their LIVES to defend our country earning their school benefits, or earned them in some other way. This is so stupid.

[@MrJoseluis63]

So signing up to kill people or getting killed yourself is a reasonable way to get an education? What a heartless society we are becoming

[@debhalld9794]

Rachel, Dave is spot on! It IS POLITICAL! And, it will hurt ALL Americans, even those receiving debt forgiveness. They and their children will be taxed for this for YEARS to come!

[@donnyj9487]

Dave starts with being wrong, then makes another prediction to try to be right. It’s okay to say you’re wrong, give advice to those who are receiving the 10k and how to manage the extra money they would have spent and move on. No one cares about your political views. Just talk money!

[@millennialmadness5138]

Thank you. Well said

[@donaldlyons17]

They need to do something about their incomes not manage an extra 10K or 20K better!!!

[@donnyj9487]

@@donaldlyons17 agreed! I mentioned this earlier to some friends. The 10k can’t help someone who is financially irresponsible or who can’t afford to make payments.

[@merhawiyigzaw5869]

I’m not qualifying for the 10k forgiveness, but guess what? I’m happy for those who do. As a Christian and American, I want what’s best for my neighbors and community and this helps them. Dave had no issues when Billions of PPP Loans were forgiven. No issues with new tax laws giving billions back to millionaires and corporations. Taking this topic from behavioral economics into politics is lazy and hateful.

[@pweiss1983]

He had a ton of issues with all of this. This "whataboutism" is insane and lazy thinking.

[@CB-so8xd]

Please... Dave complained about the PPP loans too. This is horrible behavioral economics, there's ton of moral hazard in doing this.

[@GunGlutton]

Dave absolutely had a problem with the PPP loan abuse and if you were a good American and Christian you would be outraged by what this administration is doing to us. What’s your stance on abortions? As a good Christin?

[@hastycontemplation]

In the long run this not good for the country.

[@freddyj5845]

The problems is that this doesn’t teach people not to get into debt, just encourages them.

[@cjmor6590]

and people wonder why the rich work so hard to find ways to avoid paying taxes...

[@r6love19]

Are you rich?

[@LittleMopeHead]

@@r6love19 Define rich today as it changes all the time.

[@genxx2724]

@@r6love19 Wouldn’t you like to find a way not to pay for this?

[@Anthony-db7cs]

@@LittleMopeHead Definitions for these things have always changed, not just "today".

[@sseverette424]

Sounds personal I don’t know what he’s so mad about. It’s loans across the board keep that same energy for all of them.

[@lynnclark1457]

There is always outrage when money is spent on American citizens who pay the taxes. It's our money I don't have student loans but I'm happy for the people who benefit from the forgiveness program better than the rich getting big tax breaks or sending dollars to other countries when we are hurting at home.

[@bellajames9543]

I’m glad I didn’t listen to you when you were saying it with your whole chest that student loan forgiveness was never gonna happen. Now I’m debt free with a whole lot of savings.

[@tequisaholloway1738]

😂😂

[@raulmunoz9735]

He’s mad he was wrong

[@jameschandler6449]

You're not debt free. Check that student loan balance. It's still there ;) . You bum

[@hiteshadhikari]

Now u will be paying other peoples debt too when next wave asks for it

[@Billman8686]

Don't celebrate till your balance has actually changed.

[@SILLYHLLBLLY]

Thanks all you guys for paying for my student loans 😂

[@ImDahDude]

😂 troll

[@blackworldtraveler3711]

They are forgiving $10k from what I hear and $20k for Pell. What did you do go janitor school?

[@sergiochavarria6754]

😂

[@Sheryl777]

@@blackworldtraveler3711 😆

[@hastycontemplation]

They will be complaining it's not enough, it's unfair to people with massive loans.

[@mybookoflife748]

Are we the tax payers and grandkids of tax payers also paying for the war in Ukraine and the years of aid to other countries, the bailouts of wall streets, and the tax breaks of the mega rich? Just want to make sure I understand because those are things we didn’t ask for yet still paid/pay.

[@kansasgem]

Exactly!

[@jaclynshawmsbisii3521]

Right on!