You're Not Scared of $100,00 Student Loan Debt?

[@Jack-kj1zu]

Zero debt.........except the 100K in student loans. Never seen someone so nonchalant about 100K in debt in all my life.

[@Lonovavir]

If his wages or social security benefits get garnished he won't be so nonchalant.

[@stephengamber8749]

And us taxpayers are on the hook if he doesn't have to pay back the loans he took

[@jimeagle5509]

It’s a a total cult. These kids don’t have a clue. None.

[@travisfeld97]

Don’t worry our taxes will pay it off for them

[@AussieZeKieL]

That’s because “everyone has student debt”

[@trevorsmith6978]

Paid off my student loans 8/27/23' right before payments resumed, 180k. Saved for years during the pause, avoided lifestyle creep, balanced 1 full time job and 3 part time jobs, 50-60+ hr weeks. Now looking forward to building WEALTH

[@emmanuelemman7699]

Congrats on the discipline . Take a vacation and reward yourself when you have time and best of luck towards future financial independence

[@drn13355]

It is so nice. I owed 80K. Paid it off pretty quick and for the past 15 years I have kept 100% of my money. I have zero debt. TSP is huge and I am in such a good spot. Small house. Average vehicle. I do travel quite a bit that is about my only big spending.

[@Lon1001]

I like the part where the caller said they like the debt free lifestyle (by pretending they didn't have $100k in student debt).

[@truthseeker6370]

He and his wife have never paid a dime on that $100k- so they've yet to feel the responsibility or pinch.

[@jusplay7309]

Also how do they not know how much they owe? 80-100k is a difference of 20k 😂

[@godfathaofyo]

@@jusplay7309 they haven't looked at it in 3 years

[@CreativeProductions-]

@@jusplay7309idiot doesn’t even think he needs to pay it

[@mxerb5912]

Sickening that a couple who makes 215k expect their loans to be paid off and also didn’t pay anything for 3 years.

[@marymccann6110]

I agree, it is a digusting entitlement mentality.

[@chrispnw2547]

That was shocking. Does anyone not see the moral bankruptcy of this couple expecting their student loans to be forgiven? That is revenue the government will never see. So, the couple did not need the deferment but used it to save money for a expensive new home. I took out student loans for an advanced degree, benefitted greatly as a result, and have never stopped paying them back. It just goes to show how many don't feel accountable for the obligations they make.

[@UtotheJ]

Why should you pay anything during a loan pause with a zero percent interest? You SHOULD absolutely pay right before the interest resumes. Also, working under PSLF qualified places, your income is lower than equivalent jobs.

[@jimeagle5509]

@@UtotheJ. Omg. Really? Did you just ask that? Because you have an opportunity to make PRINCIPAL ONLY payments ….🤦‍♂️

[@OopThereItIs77777]

@@UtotheJDude are you 8??? You did not just ask that 😂😂😂😂😂

[@darnellmurrell8173]

So glad I took advantage during the pandemic and continued making payments. Made my last payment this past July and couldn't be more elated and satisfied. I'm never going to depend on the government 🙏🏽🙌🏽

[@sarahedelen6396]

that's awesone! Congrats!

[@KayleeBee7]

"Zero debt, except for $100k in student loans"... that's wild. Also the confidence he had telling Dave and Jade that they WILL be forgiven.

[@Sizukun1]

"I am drug free except the narcotics I use for recreation weekly and my daily coffee and anti-depressants!" haha

[@Lonovavir]

That might be acceptable to say if one was drunk.

[@mhodge0890]

😂🤣😂🤣😂🤣

[@cutehumor]

vote republican and the student loans will never be forgiven!!!

[@thomassears4920]

​@@cutehumorgood, I will. The people who signed up for them should pay them

[@juanrocha8544]

“They’re gonna be forgiven”… so much confidence in his voice 😂😂😂😂😂

[@Astro95Media]

That was freaking glorious. I almost spit my drink out laughing. It wreaked of entitlement.

[@jimmymcgill6778]

Because they are.

[@trojanballa187]

They should be. My wife did! Booyah!

[@dr_pinna543]

I wonder if there's a video on this because as long as you have the right type of loan and make payments, the balance is forgiven after 10 years. My supervisor had $200k forgiven.

[@fahlou2019]

they haven't been forgiven@@jimmymcgill6778

[@treasurethetime2463]

I love when Dave isn't impressed with people who try to impress him with their income. Income can change. Dave learned that the hard way.

[@kensmith2796]

Well and his income isn't very impressive for a 2-income household in DC.

[@robertkrumm2470]

I swear some people calling just to get Dave Ramsey on a rant

[@aznsumthing]

Aren’t they the reason why we watch tho? 😂

[@debrathomas3721]

@@aznsumthingyes

[@kendrapratt2098]

Making $215k and only putting 5% down???? We live debt-free but we have $80-100k in student loans????? What did I just hear?????

[@jg-xx8oh]

Yes lol this is a joke

[@mbank3832]

Typical American’s optimism 😊

[@clarifyingquestions]

@@mbank3832 more like ignorance and entitlement

[@robr268]

Well they have a expensive lifestyle they pay for in cash... except the student loan.

[@UtotheJ]

There are different ways to manage finances. Not saying it applies to this guy, but there is plenty of reasons to have cash/liquidity (i.e. only putting 5% down even if you can afford to put down 20, 30, 50%) from an investment perspective.

[@Jack-kj1zu]

I bet only maybe 3-5% of people who are buying homes right now can actually afford a 15 year mortgage that is 25% of their take home. The average salary vs the average home price right now would tell you that is almost impossible for 95%+ of people.

[@jim2386]

I did a 30 year but pay as much as we can extra a month. That way if times get rough we don’t lose the house because we can’t make the payment. I have no intention of ever paying on this for the full 30 years

[@aolvaar8792]

@@jim2386 my $214/mo is 30 years. Auto-pay

[@mathgasm8484]

I'm paying cash for the land is the plan. I have a honey bee farm on family land and the revenue produced is natural expansion.

[@amireallythatgrumpy6508]

In other words only about 3-5% of people who are actually buying homes can actually afford them. There will be a lot of foreclosures in the second half of this decade.

[@ludwigvonsowell5347]

You can, just make sure you have enough cash for razor wire and bullet proof vests.

[@wahinepaddler4]

I like the 'no debt.. except for student loans..but i havent paid on those..' 🤣😂

[@Lonovavir]

Your daily dose of comedy.

[@Lil-Whiskies]

And "they are going to be forgiven".

[@azteca6695]

$775,000 mortgage 100,000 student loan.... almost a million dollars of debt 😮

[@TheRokaphella]

Right. Broski is cool with that scenario 😂😂😂

[@boston312]

Anything is possible through Jesus

[@Avenlane]

When you factor in taxes and interest, that is well over $1M of debt.

[@linuxsurfer2002]

"Pretty much adhered to a debt-free lifestyle", "Zero debt except for student loans..." What is this guy smoking? He's worried about a mortgage but not worried about the $100k in student loans that he has? And he doesn't seem to consider these to be debt. Wow.

[@MillionaireHouseholdFinance]

I don't understand why anyone would think that they just don't need to repay their student loans or that it would be "forgiven". My husband and I started working on our student loans as soon as he started working after college and we repaid roughly $80,000 in student loans and $20,000 in credit cards within 18 months with far less income than the individual here. With an income over $200k, there's really no reason to hold onto that debt.

[@janicenunn101]

But they are entitled hahaha, smh

[@darrenruben2981]

He biden supporter

[@Peter-uo8zr]

people working in federal agency, integrity, donot violate the policy

[@godfathaofyo]

but but but the guy i voted for said he would do it

[@anniec3438]

I work for the federal gov and have had several coworkers have their loans forgiven at 10 years.

[@robr268]

So is Dave wrong? If you qualify you should be forgiven I would think.

[@sniperv]

I don’t understand, how do people that get $100k student loans feel they don’t have to pay them back? You agree to a loan and decide you don’t have to pay back? That’s stealing.

[@AgChic1985]

I'll say as someone who just had my loans forgiven under the PSLF program, I had zero plans on not paying them back. I did not hold my breath on it, but I also didn't trust the loan company (who benefits from a longer loan term).

[@tylergraston5270]

Sounds like you got lucky but I feel if you borrow it you should pay it back.

[@Ovulations]

We should be arguing that interest on interest is stealing but go off bud

[@coye9r]

They paid for atleast 10 years and took lower pay as a government employee. Got passed by congress. This was not Joe Bidens loan forgiveness

[@kleindropper]

I love how people nonchalantly take out six figure loans then just expect the taxpayer to cover it for them while they are making nearly a quarter million a year.

[@roolyfe]

So true

[@Project-Masculinity]

Vote for Sleepy Joe 2024, he’ll write off all your student loans….🤪

[@Lonovavir]

@Project-Masculinity : To everyone who believes that, I've got a bridge to sell you on Saturn. Also, you should invest in cryptocurrency and NFTs.

[@Project-Masculinity]

@@Lonovavir FTX all the way, for the win 🙃

[@alanj9978]

The quarter mil a year is also coming from taxpayers. Why wouldn't they expect more?

[@dfdbbrb]

PSLF has a 100% approval rate for people who actually qualify. It has a narrow and specific window for qualification. Most of the people applying do not qualify. This is why there is such a high rejection rate.

[@blinkerfluid4000]

You're absolutely correct. How this is portrayed in media amazes me. People think working for your aunt's puppy rescue business qualifies. You have to work full-time for a true govt organization or a legit NPO, and prove it. I qualified 9 years ago when most people were rejected. Entering the program is different than forgiveness after 10 years. You have to have 120 legit payments.

[@amireallythatgrumpy6508]

Incorrect. Most of the people who apply AND qualify have their paperwork mysteriously disappear in the middle of the process.

[@robr268]

This subject is so confused because you hear 2 stories. Bottom line....if you're a social worker, case worker, eligibility worker and have made your payments for 10 years do you qualify?

[@robr268]

@@maddy-zzz that seems very straightforward

[@JasonGroom]

Exactly, I hate that they keep quoting the numbers on it. 95% of the people that apply for it did not qualify for some reason or another, basically they breached the agreement and then are mad they don't qualify.

[@pseudovictim]

I am wondering how people who make so much are so blind to their obvious debt.

[@MasonLangley-qt6cv]

This time last year, I still had student loans to pay off. However, I was able to make ends meet when I was introduced to a financial planner and portfolio manager who improved my finances.

[@leonardblavatnik2690]

Amazing!! A lot of people downplay the role of a financial planner until burnt by their mistakes. After my last job layoff, I had to stay afloat, hence researched for licensed fiduciary advisors. Thankfully, I came across someone of practical knowledge and experience. My reserve fund of $225k has yielded nearly $1.3 million after subsequent investments so far.

[@leonardblavatnik2690]

I’ve shuffled through a few financial experts in the past but settled with Mr. CHRIS RYAN STEWART.

[@leonardblavatnik2690]

His strategy is recession proof, more specifically profit-oriented and most likely you’ll find his basic information on the net. He’s a very well known advisor.

[@ZhangWei-bn7ct]

Chris Ryan Stewart is making quite the wave in the financial market, from CNBC to Bloomberg.

[@ZhangWei-bn7ct]

I have turned over more than $300k investing with him on a wide array of options and finally sticking to a few that have been favorable in the past 2 years.

[@willowandluka5302]

I like how over 20% of my paycheck gets taken out while I scrape by so that this guy can believe he’ll get his student loans forgiven while making over 200k a year

[@alinatamashevich3354]

And to think somebody voted for this

[@wbae1340]

Lol that 20% goes towards a million different things

[@slimdude2011]

The majority of people who have student loans make six figures a year because, low income families who are receiving other supplement government assistance to survive, wouldn't be able to pay back thousands of dollars to the government for a student loan. Personally, If I couldn't afford to attend college I just wouldn't go because, I am not going to get myself deep in debt and have a financial burden on me for the rest of my life to pay back a student load, or any loan for that matter. Why apply for a loan, when I know I can't pay it back? If it's not a life-or-death situation, I would rather do without. Just because a person goes to college, doesn't mean they are guaranteed a high paying job. A lot of people had gone to universities for many years, and they're still can't find employment (after spending all that money for their tuition), especially now since the pandemic, and COVID is on the rise again. Anybody who makes six figures a year, doesn't need a student loan, if they know how to manage and budget their money correctly. Anybody who is earning $215K a year, should be able to pay the tuition out of their own finances, not from the government. They're in the process of purchasing a $750K house, and that doesn't include the interests, insurance, closing costs and all the other fees.

[@Ovulations]

He probably pays more in taxes than you. You wine about your 20% but his 20% would’ve wiped his loans a loooooong time ago

[@thestayathomeworkingmama1982]

What I don't like is that they are quoting the old PSLF policy which was an abismal failure. They've rectified that since and as long as he applied for the waiver his loans WILL be forgiven as a government employee. I enjoy watching Dave, but this is one thing I don't like that he tells callers. It isn't accurate. I know this bc my own mother just got her forgiveness under the new PSLF for working as a nurse. Mine will be in 4 years.

[@mr_c7vette]

Facts it's because it goes against his teaching..

[@Its_Kasie]

Yes! He is misguiding some viewers. PSLF 100% works. Even now more than ever since they rectified the complexity of the program. People are being forgiven every day under PSLF. - this caller needs to hurry up & get on it though. He may utilize the current income driven adjustment the dept of ed are working on now & get past payments to qualify.

[@amireallythatgrumpy6508]

There's still a 50/50 chance his paperwork will mysteriously disappear the moment he would qualify.

[@YoPhocFays]

The idea of people who make a six-figure income asking for student loan forgiveness is so dishonest.

[@Rennsportmx]

The blue collar worker paying for thier bosses education.....

[@siva47931]

I thought Jesus taught forgiveness

[@YoPhocFays]

@@maddy-zzz just cause it's a program, doesn't make it ethical. When you have people who make less who will be contributing to help pay this couples debt who make close to a 1/4 million / yr.... Yes, that's dishonest

[@jayknee7438]

@@siva47931Jesus also taught to render to Caesar what belongs to Caesar. The Bible definitely teaches to pay what you owe.

[@davidamills]

@@siva47931 There's nothing in the New Testament about Jesus forgiving student loans.

[@Rashaadthegr8]

People: I can't afford a house its too expensive. Also People: " I have Zero debt, except for $100K in student loan forgiveness."

[@kimharris3322]

No other debt, but I have student loans and it will be forgiven. I heard this before, no debt but I have a car payment.

[@mfbikle]

I have zero debt, except $100k student loan… What an oxymoron!

[@alinatamashevich3354]

Jumbo shrimp. and a little bit pregnant.

[@KEANUWHITE]

This is why it's not gonna be forgiven, because of people like him, not taking it serious

[@lexalee5795]

TRUER words have never been spoken.

[@mr_c7vette]

You have to be proactive and submit your paper work you can't just assume you will be forgiven because of where you work

[@ethangamer3173]

They make over 200k, screw that they need to pay every penny back!!!

[@TCR2025]

Wow 100k in student loans and think he’s gonna get it forgiven? And payments will be resuming next month? Yikes!!

[@John3.36]

These guys are making $215k a year and they haven't started paying on their student loan? How can anyone trust these people to do anything? They signed and promised to pay a loan and they are just waiting for someone else to take care of it? It is like a whole football team going to a fancy restaurant , running up the tab, then leaving the bill for the dish washer in back.

[@jocarson5310]

This call told us everything we need to know about the Entitlement Class. I think if they want the citizenry to pay their student loans they should be required to do 6 years in the armed services as an enlisted person. Not an officer but enlisted. No service=no loan forgiveness.

[@dmbgator86]

I agree with Dave 90% of the time but 15 year fixed mortgage is so dangerous to tell people. It gives such little wiggle room. If someone in the house losses their job they’re screwed. There’s almost no room for error in a 15 year.

[@dreamingofskyrim]

I don't think you understand lol 15 year means you have to get a cheaper house.

[@ThienNguyen24]

there's also the no-more-than-25%-take-home-pay. It's fine if you have both. The trick is to find a livable place that fits both requirements.

[@Fishouta]

​@@dreamingofskyrimAnd in this caller's case, he has no choice in the cost of the home. The cost will be to pay off the construction loan. Sucks for him.

[@jimmymcgill6778]

@@dreamingofskyrim But you are paying like 25% more monthly.

[@amireallythatgrumpy6508]

If someone can't afford that they simply cannot afford a home at all

[@unclebenny]

Government backed student loan created a federal employee who needs an FHA mortgage hoping for loan forgiveness. Good lord.

[@do_ob85]

I don’t have any debt. Except for the $80,000. But I haven’t paid any of that so it’s cool. Ouch

[@nathanaelsmith1368]

Also remember that you have to make payments EVERY MONTH for 10 years. You have to do a little paperwork each year to confirm your employment status and desire to stay in the program. Then after 10 years (120 payments) the govt will pay off the remainder of the balance. That’s why

[@ilexevergreen5405]

[@jesusbowls]

Right. Everybody who adheres to the rules of the PSLF program and correctly applies for forgiveness ends up getting their loans forgiven. Dave's advice on this topic is downright terrible.

[@amireallythatgrumpy6508]

Except for those whose paperwork and files magically disappear just before they would be forgiven. That does happen too. @@jesusbowls

[@alinatamashevich3354]

A big ole' GOTCHA

[@Observer100-cn7gv]

You have $90,000 in cash? Clear all the student loans that you owe. You borrowed, you pay. Not time to take out a mortgage when you have this outstanding debt. You people are different. What is wrong with America?

[@TheRokaphella]

Broski thinks his student loans aren't real DEBT 😂😂😂🤣🤣🤣

[@drn13355]

It isn't "any" federal job. And he has to be providing them information each month. He can't just call them in 10 years and say "hey I worked for the government for 10 years. Forgive my loans".

[@Youdontneedtoknowmyname3-iu1vk]

😅he's going to get that reality check real soon

[@beckymigdal3140]

I had received PSLF. It’s hard to get, it’s annoying red tape but it’s doable. I am a social worker who takes care of people that society doesn’t want so I don’t feel bad about 13000 forgiven.

[@robr268]

So you one of the 1% they received it? Anyone else you know received it?

[@crombiesworld]

Wish they would forgive mines.. they keep denying me. What red tape did you have to go thru?

[@ethangamer3173]

So u make PEANUTS as a social worker while us who incurred ZERO school debt make 200k ?

[@Ashley-nt1cm]

Congrats, Becky! And thanks for your selfless work in social services. It is very challenging to achieve, but there are many PSLF success stories this year. I wish they wouldn’t spew ignorance on the program.

[@Ashley-nt1cm]

@@ethangamer3173they are many government social workers that have the ability to do well and more, depending on their payscale. Everyone isn’t making 30K and strapped in debt.

[@Julian-zc9vm]

$215k salary after taxes is $12,500 take home monthly. At 8% interest, their $740k mortgage payment will be $6,000 monthly including property taxes and insurance. Their $100k in student loans will be a $1,200 monthly payment. So almost 60% of their take home pay would be going to the mortgage and student loans. Do people even bother to run the numbers at all before they go and sign a contract to buy an $800k house?

[@Youdontneedtoknowmyname3-iu1vk]

People are stupid especially when it comes to personal finance

[@gooserich3970]

I just got 130K forgiven 2 months ago from the PSLF!!!!

[@SavingsMinusDebt]

$90,000 - $100,000 = Negative $10,000 for house down payment.

[@alrbredwall]

The caller was laughing as though it was funny. It's not funny.

[@fredfinger7092]

Why would the caller (or anyone) FAIL to pay down the PRINCIPAL amounts on student loans during the pause, when the loans were NOT ACCRUING INTEREST? This represents a colossal missed opportunity. Even if you couldn't afford the full payments, ANY amount would have reduced the remaining balance with nothing going to interest.

[@charlessnyder9684]

FWIW my sister DID work for the federal government for the agreed 10 years and had all of her loans forgiven this year. She is a pharmacist. This guy absolutely knows what he's talking about.

[@bellabobbybob3476]

I feel like the student loan forgiveness mentality will screw up lots of Americans. Sad😢

[@Lonovavir]

If they don't pay now they'll either have their wages or social security garnished.

[@vickieclark5931]

It already has. The loans are starting back up again with a vengeance and the interest is starting to get added pretty fast to their payment.

[@katherinehilloppel2756]

People forget that tax bomb after having student loans forgiven. My husband is 100% disabled combat wounded career veteran...had his student loan forgiven. We paid 30k in taxes that year. We never owed before, so all of that was tax on the student loan amount. Beware the term forgiveness....

[@Ericdsvt]

People seem to forget what it costs to do repairs on a house that costs this much. Even without the debt they have nowhere near the amount needed to buy and be secure in my opinion

[@Ericdsvt]

@@mamaroza22 you need minimum NO debt, 175k down payment with closing costs, and at least an extra 250k minimum. Even then this could still be tight

[@mikestravelshow]

Student loans are not forgiven. Wake up people.

[@adamarcher8359]

Get a real job in the private sector. Instantly get annoyed of gov’t workers with inflated salaries we all have to pay for.

[@siva47931]

No one is forcing you to stay in America. You are free to leave anytime

[@adamarcher8359]

@@siva47931 Im a patriot. No thanks

[@aolvaar8792]

I left a $130K job in the private sector. Took a $65K job for the government. Same job. Pension and Free lifetime family healthcare at 20 years. inflated salaries?????

[@kayn2756]

They make a lot of money to not have 20% down payment. Red flag #1. 100k in student loan is red flag #2. 775k home is too much especially if you don't have 20% down. Red flag #3

[@Jeff77398]

My friend who shall remain nameless because he's an idiot has the same mentality about student loans. $450,000 SO FAR and he just started at Yale to continue his education. For Psychiatry. I asked him about it and what his plan is. He responded. "Oh depending what hospital corporation I work for; those will be paid for." The non-chalant attitude of my plan will go exactly accordingly is madness.

[@boston312]

Your right, it really is amazing how apathetic and care free these people are with such massive student loans .

[@InternetUser._]

That’s not how tuition reimbursement works. 💀

[@laurenc4553]

I know someone like this too, she's over 200k in debt from student loans, not using her degree and just straight up decided not to pay it back... I don't even know how you get that stupid

[@michaelb.8953]

@@laurenc4553 Her student loan pay back plan is her death will pay it back, but not before it balloons to half a million in debt by then. It's crazy how laid back people are when it comes to student loans. These loans have almost the same force as the IRS and you never should play around with the IRS to the point of wage garnishment.

[@NIN_Mase]

They are too stupid to be buying a home. Also, you have to make payments EACH MONTH for ten years for forgiveness. He just stated he wasn't making payments. Also, how is he going to afford a 3 quarter million dollar home while making payments monthly. Brilliant.

[@kadenhoche310]

Just started watching a few days ago and through my journey to become financially stable I’ve looked into so many people’s “hacks” and “advice” and Dave has been the most realistic and informative on what Ike trying to achieve. I’m not a reader at all and I have not finished a book all the way through but from what I have seen from Dave I decided to purchase 2 of his books and I’m looking forward to reading them.

[@oskie2058]

If he is not paying toward the loan now I wonder how will it be forgiven. PSLF clearly states you qualify : 1. after you’ve made the equivalent of 120 qualifying monthly payments under an accepted repayment plan, 2. and while working full-time for an eligible employer.

[@Rot05]

I've noticed a lot of callers seem to have not listened to the show enough (or at all) to even understand who Dave Ramsey is or what his typical sage advice will be on a given topic....

[@cyoohoos]

$775k with 5% down? Which means they also pay PMI. Plus 100k in student loans?

[@mustangthings]

Exactly. He has not run the numbers on this AT ALL. I’m surprised Dave didn’t do some napkin math for him.

[@neilsmith9066]

🤣🤣🤣🤣🤣 this guy. Make 215k a year.... oh we haven't paid on that since the Pandemic, ridiculous

[@Astro95Media]

Precisely why the "forgiveness" should never happen. People who are flipping burgers would be paying off the loans of federal employees who make six figures. The government is such a self-serving monster.

[@cutehumor]

vote republican and student loan forgiveness wont ever happen

[@neilsmith9066]

@@cutehumor Republican in 2024 it is then!

[@robloxvids2233]

"I just say 'no' to drugs. Except for crack. I do enjoy crack. And fentanyl. But we live the drug-free lifestyle."

[@ryancraig4811]

Why there should be mandatory financial counseling for all first time homebuyers, or a test to prove that the borrower understands what they’re getting into.

[@MBergyman]

I took out a 30 year because it was what we could afford. 2.75% 30 year loan pays, in my case over $60k less in interest than todays 15 year fixed rates. I’ll keep my 30 year and pay back quicker if I can. The plan is for my wife to start working part time after the kids are a bit older.

[@rcaviator4310]

I took out a 30 year mortgage as well, and glad I did. Several years after closing on my house I lost my income for a few months. Having the lower 30 year payment made it much easer on me finantially than if I had a 15 year mortgage. Now that my income is back, I can choose to pay extra if I want.

[@MBergyman]

​@@rcaviator4310 Exactly. It is so easy to do the math on an online loan calcuator. My 2.75% rate I got in 2020 will slap the crap out of anything you could get today. If I'd done it Ramsey's way, I'd still be paying someone else's mortgage (renting...) and would have the wonderful opportunity to buy at a 6-7% APR, and paying 30-40% more in property taxes due to higher home prices. Thanks, DAVE! Doing actual math yourself is the correct way, not applying some general rule in this case.

[@Observer100-cn7gv]

Zero debt? 🙄

[@joelmartinez2278]

the more u make, the more you spend. 200K a year household is more than enough.

[@danieltracy7136]

Politicians created the student loan mess, and now they are acting like they are solving it.

[@jcho0222]

Mitch is very arrogantly wrong about student loan ("forgiveness"), and Dave and Jade humbles him. Great job!

[@yeahbuddy5280]

They’ll be forgiven under PSLF as long as they are federal loans and he’s been a public servant for 10 years. Just got mine forgiven on 9/13.

[@tombellamy7167]

I'm a federal employee and this guy's excuse "well I'm a federal employee and I heard they'll be forgiven after 10 years" shocks the hell out of me. If he was actually freaking enrolled in the program but he isn't even enrolled. The "I heard" crap drives me nutz. I hope this guy isn't in a position where he gets to make decisions over fiscal responsibility.

[@tmi4507]

I know right!?

[@stephengamber8749]

I spent 20 F*cking Years paying back my student loans - all of them! I didn't get any "loan forgiveness" - Must be nice!

[@steelcastle5616]

We forgive you...

[@trugritoutdoors]

What! He’s putting his hope in the government to forgive student loans! Wow!

[@steelcastle5616]

He's also saving his grandfather's bell bottoms for when Disco comes back.

[@ehderguyyashootadeerorno2313]

I'm debt free, but I only have $100k in student loan. I will never understand this thinking. I'm a trillionaire, I just don't have any assets or money lol.

[@klausheidlberg3006]

Mitch lives in D.C....Something tells me he will be one of the 1.97% who will be "forgiven" his student loan

[@mikesmith-wk7vy]

Wow , I haven’t paid them since the pandemic , like that means they aren’t coming back right as he has a mortgage payment starting up and then he just assumes they will be forgiven without mentioning he applied for that program yet , a program with incredibly strict requirements so much so it doesn’t even work but he still just assumes and takes mortgages based on that

[@ginoturano6821]

About 5000 per month plus taxes and insurance and student loans

[@robloxvids2233]

"We live the debt-free lifestyle. I owe six figures in student loans that we didn't pay on for 3 years despite being GIFTED 0% interest that no other generation has gotten, and we're about to put only 5% down on a 775k house even though we have 90 grand in savings and earn 215k per year. Also, I think 5% of 775 is 56 for some reason." Lol. This guy.

[@Fishouta]

Even on a 30 year mortgage, the payment would be about a third of their "take home" pay. Already too high. Oh, and the student loan payments are probably going to be around 800 per month. Definitely not thought out!

[@nonotreally4398]

PSLF does exist. Ramsey is wrong. As a federal employee, he will qualify. He really thinks he knows everything. The only way his loans wouldn't qualify is if they are loans that don't qualify. He also has to apply for PSLF, it doesn't just happen. I like how they gave their little Stat about the number of people who have had their loans forgiven to try and scare him away. So ridiculous

[@jimmymcgill6778]

And those number were years old. When they were errors in the program. He is looking at data from 5 years ago. PSLF just started in 2007. So people were just starting to get out of the 10 years back then.

[@Lon1001]

It really depends on what kind of loans he took out, and also they didn't specify if his spouse is also a public sector worker and how much of those loans were hers, he will also have to catch up on all the payments he missed during the pandemic so that puts him at least 3 years behind during which time there is no guarantee this PSLF program won't be scrapped before he's eligible. Way too many risks for him to just ignore this debt.

[@nonotreally4398]

It's the misinformation for the sake of being right that I don't like

[@nonotreally4398]

@jimmymcgill6778 exactly, but they have to right, so they'll spread misinformation

[@MrJimmy3459]

So tell us what the real number of federal employees actually have 100% of their loans forgiven? TELL US! don't just say "OH THEY ARE WRONG"

[@LilannB]

He has enough money in savings to pay off the student loans. He would be better off writing a check to pay off the student loans. Then he could put away money toward a down payment on a home. He would be in a better financial position.

[@chrispnw2547]

Nope... Ona house purchase of that size he will have closing costs.

[@aolvaar8792]

My home went from $50K to $500K in 11 years. Saving????

[@mhodge0890]

Only thing I don’t agree with Ramsey on is the 15 year loan. I rather do 30 because that’s what I can afford and pay it off in 15 years.

[@LittleMopeHead]

That's the way to do it. I did this to my student loans, knowing it will be paid off in around 10 years. I did it in 7, could be sooner if I was more aggressive.

[@Shortballa11]

Agreed. In an ideal world we would all like to do the 15 year, but very hard to buy an okay house even on six figures with that much of a mortgage at 25% of your income.

[@alinatamashevich3354]

Too many say that is what they will do, then comes a new car a few kids stay at home mom, higher health insurance cost. It is always something......

[@CHIEF_503]

My sister got hers paid off and she’s a federal employee and has a master’s degree

[@richman117]

dam well my bro in law is in the 2% because he just got 65k forgiven from medical school debt. Definitely worth a shot if you have alot and work for the public. you miss 100% of the shots you dont take.

[@tylerf2507]

FYI I work in the federal health care system (IHS) but VA also does this other program. Many of my colleagues get $20k a year up front to pay down debt for a year commitment. Some get $100k per 3 year commitments. Vastly different program than the one mentioned on here.

[@todd2456]

Dude didn't even know if his student loan debt was $80K or $100K. How irresponsible.

[@Ladarrius08]

Dept of Ed. stated in May 2023 that they have forgiven about 615,000 borrowers' loan balance totaling $42 million since Oct of 2021. I'm really curious how Ramsey got the 1% because 615K sounds like that public service plan is actually working now. That's a lot of people to only be 1% of applicants.

[@blinkerfluid4000]

I think he is stuck on 2016 statistics

[@amireallythatgrumpy6508]

It's better, but still broken.

[@amylove5500]

I believe they are looking at old stats. I literally work for a government agency and many ppl in the last year have officially been forgiven through Public Service Loan Forgiveness, off their credit reports and everything. I get the message he has, but he seems incredibly biased.

[@amireallythatgrumpy6508]

If it's only in the hundreds of thousands, that would be hardly anybody in America. @@amylove5500

[@patmclaughlin107]

$100,00? What kind of number is that?

[@alinatamashevich3354]

Common core math!

[@brandonscott1999]

You can tell how Dave’s day is based off his temperament with callers. Today was a chill day.

[@tmi4507]

I’m really tired of people and the way they treat their student debt. I was a federal employee too for a few years and I would have had to work and give my work years of service (meaning I have to work for them) in order for them to provide me financial support (about $5k per year of service) in helping me pay them off. Like you make $215k a year. Pay your debt off, it’s your debt. Like bro you had $90k in the bank!? Why wouldn’t you take that money, write a check to pay off your student debt immediately, and then start the baby steps?! Man people are annoying. It’s YOUR debt. Please stop being like all my friends and just waiting for it to magically just go away. I mean I literally have a friend who him and his wife just signed a loan off for a $85k vehicle (which they didn’t need) and they owe $15k for student debt. What is everyone’s issue??

[@stanstan0923]

I’m feeling sleepy after lunch and can’t sleep at work so I thought i listen to Dave ti wake me up

[@UpYourArsenal]

I'm terrified by the comma placement in the title.

[@anthonykence9954]

I would not buy that house interest rates are high. You dont need a 740k house go some place else and buy a less expensive house

[@Fishouta]

They are building it and have a construction loan that will have to be paid off with the future mortgage loan. Too late.

[@jeffersonblackmon]

98%+ rejection rate of school loan forgiveness. Any questions 😂😎

[@robertblake4743]

I got $100,000 of loan forgiveness through Public Service Loan Forgiveness. So it is a real thing that actually works.

[@amireallythatgrumpy6508]

It actually works for a few people. Not for most.

[@milenrrz]

To get that student loan forgiveness you can't be in forbearance. You have to be making 10 years worth of payments (120 payments: 1 payment per month X 12 months X 10). How I got mine forgiven was I was on a income based payment plan that you have to renew every year. I was also Active Duty military during that 10 year time which is the realest government job you can get. If you just keep putting your student debt in forbearance the time does not count. Think about it in payments not time. Once you have made 120 QUALIFIED payments then you can apply for the PSLF program. As long as you made all those payments while you were in a government job. You also have to prove you were a FEDERAL government employee during those 10+ years.

[@cutlerylover]

So why so little success in that program? whats the catch? do they fire people 9 1/2 years in so they cant collect do they start over the clock if you change position?

[@paulc2548]

Why do people took out student loans to better themselves and expect a 'student loan' forgiveness? A student loan forgiveness is nothing more than forcing every American tax payers to pay for student loans that aren't theirs. What about the rest of those who worked out rear end off to pay their student loan off? Would it be fair for them to expect a re-imbursement for those student loan payments? Fair is fair, you pay what you owe.

[@djpuplex]

Federal employee working in DC of course.

[@calvinross3284]

I’m not sure what your research showed I got my student loans forgiveness contract as a Teacher. I know several federal employees got the loans forgiven.

[@dacianbonta2840]

depending on agency, there are programs for reimbursement of some of the student loans for federal employees. however, this is not somel poorly defined ("after 10 years magic wand is waved") thing. it is a very precise program, with exacting stipulations. the guy has to talk w/someone knowledgeable from HR and with his supervisor

[@janicewright4007]

I would love an episode of ppl who were denied student loan forgiveness

[@AgChic1985]

PSLF program actually works! I had $32K forgiven because I actually checked with the DOE the entirety of my 12 years (was deferred for the first bit) so I knew my undergrad didn't qualify but my grad loans did. I certified every year and in December 2021 the balance was gone. The key is NOT listening to your loan holder, but the DOE's updates.

[@amireallythatgrumpy6508]

It actually works for a very few people. Not for most.

[@Lumaga]

Title currently says "$100,00" not "$100,000". The interns at Ramsey Solutions aren't doing a good job between this and the revived Everyday Millionaires channel.

[@amireallythatgrumpy6508]

I doubt they are interns, but they should be doing better

[@davidamills]

People, even at Ramsey, are no longer hired because of their qualifications.

[@amireallythatgrumpy6508]

Ramsey NEVER hired due to qualifications (at least as far as education is concerned)@@davidamills

[@rbraxton00]

Yes, that’s correct. You get a small amount a year towards your loan. So they do it, but how much you get I’m not sure. I just paid mine off.