$400,000 Of Debt vs $78,000 Of Income 

I can't breathe...400,000 in debt, the wife is not working and there's a baby on the way??! How is this even possible?

He accepted every loan he could get. No one taught him to say no. School didn’t cost that much. He spent it all on junk. Broke forever.

There seems to be a lot of chiropractors in financial trouble.

“I don’t like saying this but the baby has to go work”

You know how bad it is when Dave doesn’t support the new mom staying at home.

And here I was panicking because I have $362 on my credit card.

“The loan was miscalculated.” 😩 OMG She’s clueless!!

Her tone of voice cracked me up when he told her she needs to work 🤣

She is pretty bubbly considering they have almost half a million in debt. I would never even consider marrying someone with $350,000+ of debt. That's practically financial suicide.

"Mathematically, you're an idiot." This is my new favorite phrase, and I'm going to try to work it into conversation as often as possible. To be followed up with: "Don't get mad at me; get mad at math!"

I was hoping she would say he’s a surgeon or something. A Chiropractor??? Wow. He overpaid for his degree 😳

Beans and rice for about 20 years maybe?

I wouldn’t marry someone with $400K in debt.

If he wants to pay it off in 20 years. He would have to pay close to $2000 a month. EVERY MONTH FOR 20 YEARS. Omg. That's suicide.

I know people who claim to be struggling with 40,000 in student loan debt with a 78k/yr job... I need to refer them to this video! :)

Can barely keep yourself afloat financially? Solution: Have a baby!

“He is a Chiropractor.” Dave: “Oh good Lord.” Hahaha

She needs to work also

The loan was "miscalculated". No the miscalculation is marrying this guy.

Im pretty sure shes going to end up staying home watching the kid for about 5 plus years. He will keep making small payments and by the time she starts working the debt will be so high they will quit paying. Almost half a million in debt with that low income and they decided to have a kid oh and she wasnt working!!!????

She better start a babysitting business or something. Blog something

She has be manic bipolar being so happy with 400k student loan. Why in the world would you get pregnant and stop working when you have 400k student loans. These people will be broke for rest there life's.

There needs to be a law in place that states student loans can not exceed 100% of expected annual income right out of college. So if the median annual income for a chiropractor is $78,000 a year, your loan should be no more than $78,000. Good God that is highway robbery.

I’m not understanding how they couldn’t pay $519 a month...

This is insane. I'd be on psych meds.

Girl, you don't get married and not know ALL the details of this debacle

Forbearance = interest is accruing !

I feel ten times more concerned about her debt than she does. 400k is crippling

Dave isn’t forcing her into the market place. That student loan debt is forcing her.

She heard doctor and thought she was set as a stay at home mom. There situation is only going to get worse with a baby.

The insanity is compounded by a system where educational institutions encourage students to go into debt so that they can pay tuition that is inflated by by non instructional overhead. The institution isn’t accountable to anyone for this mess. The government seemingly writes checks without questioning either end of the transaction. The result is catastrophic.

I mow grass for a living and make more money than him. Zero student loan debt, and I did go to college

The greatest thing my mother ever did for me was encouraging me to become a RN. I realize this isn't the career for everyone, but it has done well for me. Most of my education was paid for by my employers. That has left me with almost no student loan debt. My income can very easily reach six figures with minimal OT. Plus, I rarely worry abour employment. I hear stories like this and I cringe! I don't know if I could handle this type of crushing pressure.

I make the same amount in IT with no student loan debt. I only went to 2 years college.

You know it's going to be a good call when Dave says "Oh mah lord" after he hears the debt amount.

They can do it. Jacksonville cost of living is low, they can live on half their income and use the other half to pay it off. They just need to get their income up and avoid lifestyle inflation. She can find a work at home job since she did administrative assistance. It would be a waste of money for her to go full time because her entire paycheck and some will go towards daycare. They’ll be fine.

You don't have the option to stay at home if you have that much debt and a low income. I'd never want to be more than 200k in debt even for a house.

I came out of chiropractic school with 120k in student loans and have paid almost half them off in 2 years. Its a tough but extremely rewarding profession! Good chiropractors can easily make over $100k a year but it’s going to take some time to build up to that. Best of luck to them!

Wow. This seems hopeless. You know it's bad when Dave doesn't even give a time table for when he think they'll be able to pay off their debt. Just says it's gonna take a LONG time. This debt could potentially stay with them forever unless they lived as if they made 30K and got their income up drastically.

I love how good a mood she's in and how Dave suffers more than her hahaha

I am a chiropractor and I find it crazy that other chiropractors rack up this much debt during school. Did he take the max loan out every year and party with the extra? Chiropractic School is 3 years with a cost of ~$36K/year - basically the cost of a private undergrad - it's expensive for sure but nothing that should put you in this much debt, whatsoever. For him to have $400,000 in debt means that he is really really poor at managing his money and it shouldn't be a knock on the profession.

This broad is making one mistake after another - getting married to a man incredibly in debt and then get pregnant while I don't have a job.

Implicit in her hopeful, bubbly attitude is the belief that if things don't really work out then we can walk away from this debt by declaring bankruptcy. *But don't you know that bankruptcy is not available for student debt?*

My sister is a dentist and went to NYU and still doesn't have that much debt. I am sure during his school he took a lot of extra loan to spend money here and there.

It's incredible how common it is to take out large loans without thinking about how it'll get paid back. Mathematically speaking, it won't be possible for this couple to get out of debt at the rate they are going.

No one is staying at home. Take that baby to daycare and work

I have heard this same thing from people going into chiropractic and PT. These programs seem grossly overpriced for the income. What a rip off!

She thought she married a real doctor

Happy to say I’m debt free. 5 properties and a happy life. 35 years old, wife and 2 beautiful daughters.

I really do feel for some of these people, but these calls also make me realize how blessed I am compared to this. Wow

I feel more sorry for Dave for having to listen to this than the caller!!!!

When they were dating he probably told her that he is a doctor (a chiropractor is a doctor, right? :-) ) And she probably thought "wow, we will be rich!"

This is like the third episode I’ve seen where a chiropractor has gotten into this mess. What is it about this profession?! I’m steering clear!

What am I missing here? I live in the UK and student debt isn't even spoken about? It comes out of our income, before tax, and we pay it when we can - and if we don't, it really doesn't matter. It has 0 influence on getting loans/mortgages, if we die, it isn't passed on to anyone - so why is it constantly a topic of conversation on this show?

I wished he had called instead of her. That $400k is either not just from student loans or he took longer than four years to graduate and was living off loans for everything in the meantime. Even off that was the scenario, his interest rate must be off the roof and he is only making the minimum payment for that loans to have grown to $400k.

I have my own house, no debt or loans, and i still cant get a girlfriend? Whats up with this world.

Why is she laughing? I would be having a heart attack

TIP: don't marry someone with a 400k debt

Just heartbreaking to hear this. Cant believe ppl are popping out babies with that kind of debt. Thats another very big expense that many ppl cant afford. Come on think people.

“Hold on I’m dying” haha

They doing better than other chiropractor with 400k loan and 4 kids, this caller has only 1 kid

Why in the world would you marry someone with this much debt?!

God the pressure must be immense. I'd go insane.

Going into forebearance is tricky because of all the interest that is going to accumulate! I did that for a year once and accumulated THOUSANDS in interest! It makes your debt even higher. Learned my lesson.

Go to community/state college unless you have a big scholarship to go elsewhere. Or as a general rule of thumb, don't pay more than your first median salary for your college education.

The word “tiny” suddenly has a new definition. A 20% income base on the debt. That’s truly crazy.😟

Children cost on average 200k, so essentially they are already 600k in debt. Common sense is really not so common. I guarantee people DO NOT THINK!

If he has an interest rate of 5 % on that loan, his yearly interest would be 20,000 $.

"How can we but a dent in this mess..?" How about you get off The sofa and go and get a freaking JOB..!!!

5k take home pay and they can't afford a 500 monthly payment?!? I live in a very expensive City and my bills are over 1k less than theirs. They need to cut spending because that's ridiculous. Too bad Dave didn't seem to pick up on that.

Glad I chose the elevator trade. Free education, 6 figure salary.

The largest debt I've had long term was 10 grand student loans, I got rid of it making $10:75 an hour then my qualifications got me a job making almost $27 an hour to start. That was in 1997

I really love Ramsey , he is so down earth yet it got me laugh when he congratulated the woman after he lectured her ... 😁 (just funny)

all of the sudden my situation seems easy peasy

She’s heavy in denial. Head in the sand relationship, won’t end well

The majority of the student loan problem is people trying to have a spouse, kid, and house eating up the ability to repay...

Most Chiropractic schools are private and it is 4 years post-grad, just like Med School.

Don't be a chiropractor, family doctor, or dentist. If you aren't going to become a specialist or surgeon don't bother going to medical school

This is so off topic, but I absolutely adore Dave for always asking “are you working outside the home?” when talking to stay at home mothers. The respect that he always shows SAH moms makes me so happy.

I'm feeling like a millionaire here with $0 debt, 60k saved and 145k household income @ 28yrs old. Unreal how some people can live in the negative like that without succumbing to the weight of simple mathematics sooner.

$500 a month w a 78k income shouldn't be an issue. I wish Dave asked her about their other debt (cars, home, credit cards, etc.).

Good lord. I make more than this guy with a Bachelors degree and ZERO debt. This chick should definitely have run a credit check on this guy. They will spend the next 20 to 25 years chunking away at this debt.

We see this a lot in Optometry. Optometrists get out of school with $250,000 of debt or more and don’t even make six figures.

400k is high, but so manageable on this path. The people on here freaking out just don't understand student loan debt that well. If his salary never improves he could do REPAYE and never pay more than 10% of his adjusted gross income (minus the poverty line. And if we assume 6% interest, that is 2k a month. REPAYE will allow him to pay 1k a month and never accumulate interest. Choosing forbearance was about as stupid as a move anyone could ever make... He needs to talk to someone who actually understands the nuances of student loan debt, not Dave "rice and beans" Ramsey. Edit: First 3 years of repaye have ZERO interest if minimum payment met. On his salary, with a kid, his monthly payment might be $250 a month...

That can really put a wedge in their relationship. I pray for this family.

I see where Dave was coming from but I wish he would have let her finish asking her question. My guess is they have other debts that she is trying to work off while the loan is in forbearance to free up money when the loan starts back up. We will never know though. Letting her finish unpacking her question would have been helpful. Dave's advice if still correct but I bet you anything it is incomplete.

Welcome to Jacksonville, FL, this is how it is there (for some people) after graduation from college my second job was for $11 an hour in web design. I worked for a corporate company that made websites all over the US and was paid $11 an hour... Oh and my daily commute was over an hour, one way daily. They didn't trust us to work from home on websites because they thought we would steal time, but at $11 an hour we were the ones getting robbed.

Hes gonna have to break his back to get the debt sorted! Lol

One of those reactions i like to see from uncle Dave.

You can’t afford $500 a month and you make $780000??? I was paying $600 when I finished school, on a TEACHER salary!!!

makes me feel not so bad with my $40k debt and $85k household income

This is why you don't take on 350k and 4 years of studying to be a fake doctor. Could've spent that amount of money on 4 years of medical school and ended up with a job at least making 200k.

My friend got her doctors from John's Hopkins and have no student's loan. She had a full ride scholarship where everything was paid for and she graduated early. My neighbor has a $200,000 student's loan and is working part time. Two extremes.

I'm paying my little 300.00 credit off next week. She said $400 thousand in student loans. That shouldn't even be legal. There should be a cut off or something. If I can't pay cash for my education like I do now then it ain't meant.

They are not calculating properly. I am getting a job next year which I will be making 52,000 I calculated I could make about 1500 a month towards student loans.

My chiropractor told me loans 300k she does private practice so she works Monday thru Friday but as you know the interest rate on these schools are crazy

She’s calling a divorce lawyer next and turning on victim mode

I’m a teacher. No student loan. I make 100k plus pension and full benefits.

he must've skipped community college, gone out of state and switched majors with or more times. that's an insane amount of money.

Do people seriously not count the cost of anything anymore? Your payment is almost $2,000/month IF you get a great rate of 4% and pay it off in 30 YEARS. If it's a normal loan of like 8% and 15 years, it's almost $,4000/month. What in the actual F?