At least have a plan. I def could NOT afford my university, but I graduated and make double what I used to recently. I had a lot of debt but I could probably pay it off in Q1 2021.
C B absolutely, in my family someone studying liberal arts is educated, elite etc. While a trade student would be considered low class. Absolute idiots
His degree most definitely did not cost that much. He accepted the FULL amount which generally 2/3 of the amount more than covers stuff aside from tuition.
Rachel Hubbard yeah WVU costs $25,000 a year out of state now. If he’s 35, even if he just graduated and took out cost of living, I’m just not sure how he took out that much.
@Johnny Five To say that people can't be successful in today's society is completely false. Is it harder? Maybe. The key is that people have to stop wasting their on useless college degrees. You can go into HVAC and make north of $100k/yr. I'm sorry, a degree in exercise science isn't worth it, at least not in this caller's example. He would make more money working as a fast food manager. Something isn't adding up.
@Johnny Five It's not astronomically harder unless you make it harder on yourself. It's not a straw man when I'm referring to the exact example in the video. Someone should have told that guy he was wasting his time and money.
@@chindomnic8828 yes because after 12 years of public indoctrination, multiple lessons where they say 'working hard' is for chumps and skilled labor is equivalent to being a garbage man, you have to go to college, said over and over and over. All taking place in a setting that is not teaching you to critically think for yourself, you can and do actually get punished if you think for yourself and come up with ideas that even seem to contradict a strict adherence to the lesson plan. but most people do not care, bc at the end of the day, its just daycare! For parents to stupid, self obsessed, or indebted to take care of their own children. Maybe start asking who really benefits from all this??
$14 an hour?... Dude, you should be charging 35-40 an hour. I feel like he's employed by some cheap chain company gym. He needs to be an independent contractor.
He has to be working for a gym because my PT friends charge anywhere from 30-70 a session just depending on the package. And this is in AZ. My mom was paying 40/session at LA Fitness until she found out the trainer got $6 of that....$6!! So she quit because it wasnt fair to the trainer. Private training is the way to go for this guy
@@MiraMira0ntheWall Wow. That's very true. Never thought of that angle. It really is sad when people are like that. It's like they grow physically but emotionally they never develop. They still 8 years old mentally.🥉🕹🧸
@@kimnevils252 Yes. It's unfortunate but very common in NYC. It's an expensive city and our generation were really told you MUST attend college by any means. School debt was always called "good debt" by parents and older workers you might get advice from. You were made fun of or looked down on if you didn't attend college in my world.
@@henri6595 Sorry but that is BS. Someone who is dumb doesn't automatically become a genius just because of a college degree. If you've lived long enough, you'd have seen it yourself in real life examples.
@@artcamera5514 I didn't say anything about college making someone a genius. I said college will help you do what you want, whatever that could be. You need to already have something inside you to shape your vision.
@@henri6595 You are missing my point. If someone knows what they want to do they don't need college to shape their mindset. If they need college to "shape their mindset", that means they're not ready for college.
This guy just told my whole life story, same age, same debt same degree BUT I have a master's w/that student debt. But my dad taught me well about working hard (was raised on a farm) so while I was in school I worked a night job, as soon as I was done with school I worked 3 jobs from 6am to 10pm eating nothing, driving a trash car, using the oldest phone in the world, no internet, no kids, no social life & I'm already debt free with more than 165k my bank account and even more in my retirement. So it is do able you just have to SACRIFICE your social life and having the newest things...oh and dont have kids
@@thetruth5635 No, this guy is definitely not smart enough to get into NYU. No one with half brain will get 163k degree that has expected income of less than 30k.
@@GHE-bv1pf Not smart enough to get into NYU? Think of it this way John, this man makes $29k a year. Do you want to know where that puts him? In the top 16% of income earners, in the COUNTRY. You read that correctly. If you make $29k a year you are a top 16 percenter. This young man will be able to pay off this debt and be on his way to becoming a millionaire in no time.
My brotherwho hated school and didnt make it out of highscool makes 200,000k a year with his business. SCHOOL IS NOT ALWAYS THE answer. You need AMBITION !
finally somebody with common sense, college was for ppl growing up in the 80’s and 90’s trying to make a better life cause it was harder to make money but now it’s easy to make money without college but ppl still in a ignorant mindset.... it’s sad
This. ^^ I have no college education and make 110k / year working for a natural gas utility. There's some great jobs out there, but much of society vilifies blue collar jobs which discourages people from pursuing some legitimately great jobs. Such a shame - this guy is going to be broke his whole life.
Anon Ymous absolutely. My mom told my little brother you don’t want people to know you work as a collision repair owner. Like what, people get into accidents every second!!!
@@tyrese6994 it includes my bachelor's and master's degree. Plus, I used to live off of the loans taking more than I needed for school. Plus, interest..
"You cannot honourably and with dignity take care of clients if you're worried about paying your bills. You can't bring your full self to that." Now, that's DEEP! 👌🏽
Get a CDL become a truck driver mate ...couple of years and you will be debt free maybe even can save a good deposit for a property and then go back to your fitness work if you still want to
This is so sad. I was a personal trainer, took a course, got certified and worked side by side with an experienced trainer to learn more about fitness and nutrition. The cost was less than $250 to get certified at the time. It took time to build up my clientele, but I made decent money and wasn't strapped with student loan debt. Good luck to this guy.
Calls like these make me glad I actually RESEARCHED my future degree before committing myself to debt. As soon as this COVID thing passes I have a check ready to pay off my loans in full.
I went to college with people like this. They took/maxed-out every student loan available to them along with every credit card to live big while going to school with the attitude of I'll pay in back when I get out and get a "good" job. After they graduated, reality hits them in the face, they call people like Dave wanting sympathy or end up doing something illegal. I don't blame the government for all the student loan dept -- I blame the people who took them out with no realistic idea of how to ever pay them off.
There should be a federal law the requires all college majors to print out a piece of paper that says 1) what the loan is, 2) what the payments are, 3) what the expected income is, and 4) an overview of the general risk they are taking (e.g. high, medium, low).
As someone who teaches in colleges and requires my students to do this exact assignment, it won't work bc they won't listen. I had a student tell me the other day she will make 90k as a preschool teacher when she graduates. I said stop looking at the top 1% of preschool teachers out in NYC somewhere and look what entry level locals make. She wouldn't listen to me at all. Just rolled her eyes like I knew nothing at all.
It's really sad no one told him he can be a trainer without this degree. This is where parents and experienced workers failed millennials. It was really shoved down our throats to attend college no matter what. Many walk away with a salary not worth what we paid to get the degree. I know so many New Yorkers with his same story. No guidance just attend school and get a degree. Sad. Those numbers are sad.
I agree. In high school, teachers and councilors all encouraged us to go because it was "good debt," and we'd earn more in the long run. It was really terrible advice because they didn't realize how much the world had changed from their time as young adults.
How do you know mo one told him? A lot of people so insane stuff. He clearly borrowed a ton in "living expenses". No bachelors degrees costs 163,000 in tuition. He also may have wanted to get a job maybe at a university or sports team and realize he is a horrible candidate.
It happen to me too. 60k for an arts degree. I’m working on getting my income up but it’s hard. Things gonna turn around though, I’ve got many pots on the burner. It’s been a long journey. So tired.
@@scaldon2 Now wait a second scaldon2. This fellow makes $29k a year. Do you want to know where that puts him? In the top 16% of income earners, in the COUNTRY. You read that correctly. If you make $29k a year you are a top 16 percenter. This young man will be able to pay off this debt and be on his way to becoming a millionaire in no time.
untouchable360x Thought about that too. The degree is not worth it. No guidance is needed. Here’s the blueprint. 1) Read the NASM BOOK 2) Read books on sales 3)Walk in to the busiest gym and demand an interview 4)build your clients 5)take those clients and train them on the side 6) repeat 4 & 5.
What’s sad is that he could’ve gone straight through ACE and earned a certificate for $1299. Then simply taken the exam. Probably would not have been more than $2K total.
My uncle was a head personal trainer at the bliss gym in W hotel NYC, he would work from 6 am to 11 am and be done for the day. Charge 200 an hour and he would make over 100k a year. Not an easy route but wanted to share. Good luck !
He can start his own class, design different customized work out routines, put it all on a RU-vid channel and still give private sessions to NY millionaires... He can make it unless training is not his thing. Good luck to him
@@barneystn7521 Yeah and right now they could offer fitness workouts and personal training sessions online since people are stuck at home since gyms are closed.
He's got a long road ahead of him. Unless he wins the lottery, I doubt he'll ever be able to pay it off. $160k to be a personal trainer is a complete ripoff. Just go through a certification program.
He can pay it off if he increases his income. Even if he just doubles it to $60k/yr and lives on $30k, that's $30k/yr toward debt. Eight years. A long time, but not impossible.
Maybe he can start a youtube/twitch channel? There are a lot of people working from home who cannot go to the gym because of the shelter at-home orders. He could provide a service there.
This video definitely hit home. I made a dumb move getting a MSW to enter the Social Work field. The pay was less than 40K, workload...heavy, workplace...toxic, and opportunities limited in settings which paid higher wages. Lesson to young adults: Please do NOT go into the Social Work field and AVOID student loan debt. Select an inexpensive degree which will teach you a skill (Health care, Education, and etc.) Or Trade School (Automotive Repair, Cosmetology, Carpentry, Dental Hygienist). You can open your own business or do contract work on the side if you have a skill and will NOT have student loan debt.
I got my MSW, became licensed and make over 50k! I am almost debt free as well. I know the work load can be heavy in some agencies but there are good areas. I previously worked making over 60k out of grad school in Louisiana. It is possible! Best of luck to you!
@@PokeZamJam Congratulations on almost being debt free. I worked as a Social Worker in Chicago. The only ones I know who made over $50k, were the LCSW'S, Social Workers who were supervisors, or the ones who were lucky enough to get hired by the state.
This comment section is ALWAYS full condescending “rich people.” I don’t understand how everyone parrots the same invective on all videos with people make less the 1 mill. You guys need to calm down 74% of people in the US live paycheck for a reason. And they are gonna call in for advice.
Exercise Science degree here! It’s true, not a whole lot outside of personal training. You can go for Physical Therapy which requires 6 figure investment and a Doctoral. I’m an exercise physiologist currently, don’t make much, but in a program now to become a cardiac medical device specialist. Just gotta improvise, keep your head down and feet movin! 💯
I think at 163k loans and making 30k. It isnt wise to add an additional 100k to make 60k? He will come out of school with 300k in student loans and making 60k...
That school sold him the degree equivalent to blinker fluid 🚗. With being able to learn so much here on RU-vid and other places on the web, getting a degree🎓 that will have a return on investment is more important than ever! If you can learn the same skills and make the same amount without the degree you're wasting your money! 💸
Don't blame the school, or government loan agency...blame the one who took out the loan and now doesn't have the means to pay it back. The degree is only a tool (many people with those degrees are making 6-figures (working for professional athletes, colleges/pro-teams, etc) and not a guarantee of anything. He signed up for the money -- he took the money -- he should stop crying about paying it back.
The issue is that employers want that piece of paper. You can teach yourself coding and be excellent at it, but if you don't have piece of paper, your application will go directly to the trash.
MissPuglife that’s actually a good idea The extra income from a second job could go directly to the principle and it will help pay off that balance if he keeps the snowball effect going
He's already working noon to 9pm if I heard him correctly while reading the comments section he has very little spare time for a second job. He needs to reset and get a whole different much higher paying job or two.
Michael B. There is always a way to start something at night to build up a new revenue stream over time A friend of mine in the fitness world with not much background on social media was able to use the spare time during the lockdown to find moms at home that need help working out so she started doing sessions on zoom and was able to make an extra $1500 since the first of the month all it took was her making some calls and asking people and doing a free class online to get the people to see if it’s for them
@@untouchable360x Now hold on untouchable360x, let's not do anything drastic. This fellow makes $29k a year. Do you want to know where that puts him? In the top 16% of income earners, in the COUNTRY. You read that correctly. If you make $29k a year you are a top 16 percenter. This young man will be able to pay off this debt and be on his way to becoming a millionaire in no time.
A lot resonated with me in this call. I got my Bachelors in Social Work and have almost a decade of experience. Now I have my Master's in counseling and haven't been able to get back into the counseling field yet. But I'm only making around 30,000 even though I have all this experience. It's very frustrating.
I feel your pain sweetheart. I'm in the same situation. This trash country don't value those of us in education or social work. We're gonna get through this. ❤
This is the problem with the education system and needs to end. No more charging 100k for a degree to get a job that pays $14/hr. The cost of the degree should be proportionate with what the average pay is for the particular field of work
@@PInk77W1 True, but unfortunately a lot of young people coming out of school don't know any better. The high school just push college, college, college and most don't realize the mistake they made until after they grad and find out there is nothing out there for them
i think there should be more pressure on colleges and university to help students find jobs once finished , the community college in my city has a bar on campus , doesnt it make more sense to maybe use that space for some kind of a place agency to help students finds once finished and during school
I think it's time for people to wake up and do your own research about the career you want to go to. Now days with all the info you need you can find for free online, and ask questions a lot of questions before you take out the loan.
@@angielo8070 good point , how can anyone justify bar without at least something to help students find jobs once finished , now for me i am not a drinker so i have no use for a bar.
@@dchex23 Not dumb or poor. You guys need to take a step back and realize this man makes $29k a year. Do you want to know where that puts him? In the top 16% of income earners, in the COUNTRY. Let me repeat that for you. If you make $29k a year you are a top 16 percenter. This young man will be able to pay off this debt and be on his way to becoming a millionaire in no time.
How do you accumulate this much debt studying to be a personal trainer??! He had to be maxing out his loans each semester, and living his best life! This is my only concern about bailouts for student loans, because just like these corporations, they'll continue to make such ridiculous choices.
I’m in nursing school and my parents still insisted that I go to community college so I’m not in so much debt when I graduate. Thank god I listened to them. I’ll be making around $70,000 with only $20,000 on debt
@@marvenn9878 wow, my gf is nurse and makes with night shifts max 2500 euro each month. Bhr thats not bad in germany. But i mean after tax. Before tax is around 3200 euro each month. Still way less 😂
@@brianbest6097 Mostly because good finances are tied to the psychology of good financial behavior (delaying gratification, making wise choices, setting boundaries with yourself and others).
It’s a ridiculous degree, my son’s GF has 150k in loans for the same major. She borrowed every nickel for 4+ years rent, car, classes, books now I fear for their future. Why don’t people weigh $ verses investment?
I can’t imagine paying 160k for a degree in exercise science. He had to have gone to a private university to incur that much in student loans. What’s wrong with a state school?
He had high student loans from the beginning, but he's probably not even paying enough to cover the interest. I bet he owes more now than when he graduated. Good luck to him.
I feel terrible for that guy. Given the current conditions with COVID it makes it even harder. Once things get better he will have to charge more. There are plenty of personal trainers charging $50+ and hour. Why can’t he?
Military officer. Go for it. You’re already in shape. They have huge educational incentives including loan repayments up to $50k plus income stability, nice salaries and increases, and a good pension. Go in at 35 and retire at 55.
TIFFANY ALVAREZ the normal limit is 35 unless you’re a doc or lawyer or some other highly valued professional. But... you can easily get an age waiver being just a year over. Army will be more willing to give the waiver than the other branches.
We graduated with student loan debt after medical and dental school, and our primary goal was to attack down our loans as fast as possible. During training we invested in Roth IRA and contributions to 401K, working in the side we where able to pay a large portion each month to student loans and knock down our Principle. Right now may be a great time to refinance student loans or even call your servicer and make sure the CARES act was implemented for federal student loans or call and discuss option on private loans! Get them out of the way!! That’s a true investment in the long run!
Looking at national average is useless because it factors in the different costs of living throughout the US. He lives in an area where the COL is really low so his wages will be too.
Was almost me, started an architecture graduate school degree. Would of put me 150k in student loan debt. Luckly I grew up, dodged that bullet, and got a far cheaper masters with no debt. Found Ramsey shortly after and only solidifed my decision to avoid debt.
Personally I think my man took student loans on 10 different majors in college before he decided to be a trainer because it doesn’t add up or make sense I have a friend of mine who is a trainer you can get certified to be a trainer in less than a year all you need is a CPR certification and a couple of course in a community college that would cost you 6K tops and then take the exam that they require, he’s not being fully honest, Law school graduates finish school with an average student loan debt of 150000
I went through undergrad and an mba on loans and didn't get anywhere near 163K. Good grief. 29k is not a salary, that's a part time job. This poor guy needs to find a new career.
I have the same degree and there are many different career paths from being a personal trainer. I would recommend either health consulting or medical device sales.
I think there should be a freshman level course on personal finance. It should require you to run the numbers on what you can expect to make as a return on investment on your fees. That is what an education should be: an investment.
School ripped him off, but it's too late for that argument. He can start his own class, design different customized work out routines, put it all on a RU-vid channel and still give private sessions to NY millionaires... He can make it unless training is not his thing. Good luck to him
Not really, this guy needs to wake up. He has a huge mess that is ruining his life. He will be 50 and still have this debt if he don't make a drastic change.
Most people that I know that have that degree went to physical therapy school. I went to physical therapist assistant school and paid out of pocket, lots of my classmates got loans. That’s just crazy !!
In my opinions, our caller was ripped off to become a personal trainer. It cost too much for him. Second, his income is way to low, personal trainer can make easy money in addition to their part-time job. He should be making 60k and above. I hope he finds a way out.
I got my Exercise Science degree to get into a Physical Therapy program. During the end of my undergraduate education, they changed the requirement of education from Master to Doctorate. It went from $50k to $100k extra overnight. I was already too far in to switch. Stuck it out and decided not to go into a DPT program. Got my MBA instead and couldn't be happier. MBAs pay out (at this moment in time) 2x fold in the first few years of working. $30k to $50k for education will net you a $75k to $100k job off the bat.
Maybe he's a lousy trainer despite his degree. He sounds a bit scratchy. I wonder if a bit of training in speech to add some polish and finesse might make him a bit more marketable. Just listening to him here I'm ready to give him my wallet and put my hands up.
This is the perfect example of the biggest lie we are told as kids! "If you don't go to college you will never succeed in life" we've all heard this! May not be exactly like this but we've all been told the same thing. This is the biggest lie and we need to stop this!!
This is beyond insanity. He got a $163,000 student loan to basically become a glorified Planet Fitness workout coach??? Who is giving out these loans man 😳😳
First step of thinking about going to college is do research and that doesn't mean go to the school website and see what they say how much that career makes.
I had a department head in college recommend that I switch from teaching to exercise science. I am soooooo happy that I never did that. I’m a teacher and live a comfortable life. I hope this guy finds a way!!! Colleges and high schools need to change.
