500K STUDENT LOAN DEBT & HOMELESS 

I was thinking about Dave Ramsey! Beans and rice, rice and beans

@@judithep.8604 as Dave would say , how is this a help to society

G H sup Dave

@keecefly 1/2 Million Dollar student loan debt seems like a sound financial decision 🤔. 🤣 *Don't hate, there are other states, degrees & schools out there.* This was not 100% necessary, but it is a (non-bankruptable) living nightmare.. sincerely hope they get out of it 🙏

"$500k? Good Lord. Who's the doctor?"

Right!?

@@AmberU No, they're a SJW.

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Lol

You can count as homeless if you live in a car. Homelessness means not having an address.

Mommy got them into “van life”.

RIGHT ON!

right on!

Is chiropractic real?

and they are getting her parent's help. something is not right with this story. they have the debt, but not paying it soooo how is that causing their financial problems?

@@firebrandsgirl they don't have the money to make the payments on that big of a debt.

Yes very true. A lot of people get a degree in a topic they are interested in. You have to figure out what job you want and what’s the cheapest and most efficient way to get there.

Drone Trucker you are smart

You are. A lot of my friends pretended like they knew it all and went to university. Now they have useless degrees bouncing from job to job. Not to mention tens of thousands in debt. Remember, universities are a business.

I feel you bro… my broke ass friends and family actually thought I was “struggling” until they saw that I PAYED OFF MY HOUSE in the 30s and have more assets than them… I actually left college deliberately before completing it because I kept changing majors and didn’t know what to do and my parents didn’t have enough money to make me continue, so I left rather than take on debt. I did the math, where I work, truck drivers make on average $90,000 gross and they take home the SAME MONEY as debt free VETERINARIANS across the street working at a animal hospital OR about the same as a “normie” dentist/primary care physician loaded up on $300,000 in student loans debt. ITS NOT WHAT YOU MAKE, ITS WHAT YOU GET TO KEEP! If people don’t pay their monthly student loan payments, the state and school can actually withhold their transcripts/credentials and they could lose their jobs.

My son is enrolling in trucking, doesn't want the tens of thousands of dollars student loan debt from a university.

​@@mikevarga6387good point

She flat out said that they knew what they were getting into, then he claimed that they didn't know what they were doing..... Then, the video claims they are homeless - I grew up in a trailer - living in a mobile home is NOT homeless. This video is retarded from the moment they pulled up to a university that was charging $50,000+ a year and adults crying about their debt. I don't care when you go to Wash U, okay?

@@alexisjankowski3281 you dont have to yell

It certainly can be, my degree for Ccomputer science 2 years ago. In my area and information age - this is a good one to have along with certifications. As of today after paying off my private loan completely in one large payment. I only have about 22-23k in federal SL debt (total at graduation was around 47k, I paid off the private SL in 10 months). Once that is gone... oh boy... but I gotta get there first. But if you were to ask me now if it was worth it in this day an age? I would NOPE the fuck outta there.

college enrollment is declining.. it sucks i was homeless for a bit in school.

I wouldn't want to pay for that ish either!! Shes buggin.

How does $500,000 in school loans make sense for a salary around $100,000? Did no one love this man enough to warn him that the return on this investment is too low? This comment will garner some hate, but is half a million dollars a reasonable investment for taxpayers to produce one chiropractor? Should we sink $200,000 into a person to earn a gender studies degree? Resources are finite and we need to prioritize. If we can't even keep the lights on to millions in California, how can we justify pouring resources into jobs that create relatively small benefit to our society? Signed - A young American woman who paid off her student loans.

Because we're already paying your other bills. And your momma's too. Leech ass tard.

Michelle R Don’t be dumb, he probably already work in his younger years and made a sizeable contribution to society.

Can't say I blame him. I don't wanna pay for someone's poor life choices either

Actually it doesnt matter at this level, they arent able to pay back the debt anyway so they dont have to wait for that to happen

Well at least with a kid kn their hip they could at least get welfare.......that's stupid

does the kid have too pay the debt long after his parents pass?

@@libanfarah4491 yup

BINGO, because half the women on earth will have a baby with almost anyone, crack addicts, felons, welfare for lifers, they just don't think what is it gonna be like raising a kid in poverty.

@@mohammadwasilliterate8037 yup and then we have feminism

@@mohammadwasilliterate8037 well the birthrate is dropping in US alot of people my age dont want kids and if they do, usually have an only child.

he gives good massages

because it is the one thing they can control

Bunch of idiots...

@@perryteo1406 The idiots who cry "But I want to follow my dream".

"If people knew...., they would make different choices".... That's the whole point. People are scammed into this without knowing the truth. I was a naive 17 year old teen girl who knew nothing about loans. I was a straight A student and I was afraid of my mother who would yell at me whenever I dare to think differently. She decided that the school loan was the best decision for me, and together with the loan officer, they pressured me into signing it, promising automatic high pay no matter where I happen to work. They literally told me the loan would disappear by itself in the future, and so, I don't even have to think about it. I was terrified to even dare to think differently from my mother. She taught me to always think that she always knows better and I should follow her "knowledge of life".....how could I know if it was all a set up? I thought my mother would never do anything against me? I regret being so obedient and gullible. But that's who those predatory loan officers rely on and exploit - they use their pitch as an "expertise and nearly scientific type of expertise" - a true solution for "perfect financial future" for young and stupid school graduates who believe in the goodness of public institutions. And all they need is a word salad to gaslight us into thinking that they care for us just as the public schooling did, as many teachers in high school would say the same thing and praise debt for education! That's just wrong - exploiting young and unaware gullible teenagers into a life-long slavery of debt.... I went through real hell to pay off my school debt. I am debt free now and a low income earner with Master's and Bachelor's degrees. One thing I learned for sure - for the sake of one's own financial well-being, one must have zero trust in family members' financial "knowledge" or banks' financial "aide" or government's "help"...

jefferson cabral I agree with you on everything except having children. Some people are stuck with debt until they are at least in their forties. By then it is too late. Debt should not allow people to lose the opportunity of having children. You just have to find the balance of supporting children and paying off debt

I agree with you. She could have gone out and got a job to help, now their situation is worse.

julienne dufour there’s plenty of options for having children at later ages. fostering, adoption, and even biologically. either way, raising a child is not cheap, and too many people keep popping them out when they know they can’t really afford them. it’s a harsh truth, but it’s still the truth

I just want. Repay? No. It's a travesty.

Reyo wdym. Do u not have student dept in europe?

@@slatt_oscar6228 not at all,studying is cheap if you are smart and dont spend much.

@@sheet3209 In Belgium it is 900 euros per year . But if you earn little, it is only 300 euros.

@@daanvandenbussche see?thats just ridiculous..even airplane pilot school is cheaper here than chyropractist in US lmao!

In the netherlands its 2k per year but even that is very do able by working a bit on the side. And the student loans you can take out have 0% interest.

One day when you will have to pay 500k for medical care. I will have ZERO SYMPATHY!

R McNett its must be the interest since they deferred it for 4 years while he was in school and 3 years out

@R McNett - The wife mentioned that they took out what I presume to be cost of living expenses through "stipends".. Fact is, most college students wait to get married, plus they have 2 children and a dog. Seems to me that their debt could have been avoided/reduced if they had been more responsible and just waited until he had his practice underway first.

Imagine not being able to do grade 6 math.

Something is off. and her parent's help.

Agreed. Although I am a teacher and still paying undergrad loans, I consolidated them, and am paying just $138/month. I chose to attend graduate school. I learned two things about financing it: 1) (after I was nearly finished) you could rake out student loans for it. 2) even if I knew I could borrow, I would not even think about borrowing. I decided to work 2 jobs, pay my rent, budget, and pay CASH for it. My younger brother and I used to joke about my bi-yearly $1,700-$2,100 tuition bills. (I took 4-5 credit hours a term and finished in about 4.5 years). I had a 2 bedroom apartment (and a modest $235/mo car payment) in a Detroit suburb, one job long term subbing in Detroit (1.5 mikes from the school I long termed at), and my second job was at a high end grocery store on the evenings and weekends. Now I am teaching full time, my wife, daughter, and I live in a very nice house and very well within our means, and no, we are not rich. James, it's people like you who constantly remind me of why I paid for my school the way I did. :-)

Marcus Zapata you don’t have to, you can go to a trade school, get certifications, take on an apprenticeship, start working (sales doesn’t always require a college degree) or there’s always community college which is significantly cheaper than going away for 4 years+

You dont need to i make 90k a year and i didnt even graduate high school. Just go to a trade school.

Determine your goals and always have a solid plan. Don't go to an expensive school, if you aren't receiving any scholarships that will at least cover 75% or more of your tuition and housing expenses. Also, before signing up for any student loans, understand the terms of the loan contract (amount that you are borrowing and the interest rate). NEVER take out a private loan to finance your education .. and exercise extreme precaution when taking out federal student loans. Realize that the debt compounds; therefore, the amount borrowed will grow with time (if not paid off in full, immediately). --Also, choose your career plans wisely. You should genuinely be interested in what you study, but at the same time your choice of a major should be very practical, in terms of allowing you to put yourself to work after you complete your education. I attended an elite private school on a full scholarship and completed an elite masters program at a very expensive elite private school in Manhattan. I graduated with a small amount of debt, compared to how much both schools costs.. Note however that I worked full time in my profession (after graduating from college) and my job provided tuition reimbursement. I planned well and it worked out for me.

Marcus Zapata this is why I dropped out and went to community college instead haha

You can go if you want to!!! DO NOT TAKE OUT DEBT!!! Live at home and go to the local state school in your area, work and cashflow it

I was financially literate, worked multiple jobs, made no extravagant purchases, and still graduated from another UC with 33k debt. Schools don't send you to school for an affordable price unless you have top grades or are extremely dirt poor, like dumpster poor.

The D Hive Podcast thanks for sharing your story and adding to what I mentioned! You worked hard and made smart decisions with your money by not blowing it and spending money on extravagant purchases while STILL being a student at a uc! Your story and mine is what I was hoping more people could learn about by reading my original comment. This debt crisis is affecting people who were smart and managed their money well throughout college, like you! It’s just that tuition has skyrocketed so much, making it difficult for people to afford it without accruing any debt. I also worked throughout college and never bought anything either because most of the time I couldn’t afford anything!! Are u almost done paying your student loans down? I’m planning to start a series on my RU-vid channel on wealthbuilding tips about how to save, budget and pay down student loan debt. I’ve learned abit and want to apply other things I’ve learned and would love to learn from others like you who are on a debt free journey as well! I’m posting my first video on this series next week on Monday if you’d like to check it out :) but no pressure! I hate seeing comments about come sub to my channel but I thought since we are in similar situations with our debt I’d share it with you cuz I need more people in my life who are trying to pay down their student loan debt faster than just paying the minimum!

@@YeseniaGalvan Not really I graduated in 2017 and the job market has not been forgiving. I agree and admire what you are doing.

Yessssss!!! This! I feel you so much. I just commented on this because I was like really? Low-income students are somehow better off? Lol my Jamaican parents beat it into me that college is the way to prosperity, and I enjoyed my experience! But you still have to pay to live! And it shouldn't cost us a small car to make any "mistakes" in figuring out who we are.

Yeah, kinda like looking at someone 600lbs. Cmon. You have taken this too far.

Yeah, depending on where you live, it's a pretty big house too.

yeah about to say thats like a mansion depending on where ur from lmao

It is not something like "I want to get $500k for student loan" . Thhe 500k$ mostly from interest as she didnt pay it at the right time and the money she owes keep increasing.. Nobody in the world would lend $500k to a single person

Powerful SpencerVybes and team

This video nor does this problem apply to you! so move along and shut up drop out. I have no clue why you even have to take the time out of your day to make comments like this. Guess what at least these people went to school and accomplished something you didn't.

matthew esposito they accomplished ruining their lives..... financially

RedRose7997 I think the rich and powerful win without either of our comments? I made $31,000 last year and don’t feel divided or defeated. I feel great.

The borrower is always the slave to the lender. Debt is not an accomplishment. It’s an act of indentured servitude

@RedRose7997 So the rich get richer and the poor get even worse. please stop talking the nation is dived do to greedy people the top 1%.

Joseph Wolf if you do that banks won’t be that happy to lend, therefore the government probably won’t do that because a bank is a business and they are expected to profit in some way.

bumsome Joeyy they are loans through the government, so they can. Obama made it so that the banks are not the middleman anymore

What do you do for work now?

lesliek7776 I am still in school when I graduate I am going to be 25 to 30 grand in debt. I am going to be as frugal as possible and hopefully pay it off in 3 years

Ha..Ha..

this is what I live by. Children are liabilities at every level

Pets are ok. I agree with no marriage, no kids, and no debt. But, a pet makes your life better.

Right! She should have been working while he was at school. They don't need to live in Seattle and they dont need a family right now

its messed up over here in the states... people are committing suicide over their student debt.. medical students here have a high suicide rate here.. there was a guy trying to.smuggle cocaine to pay off his loans... (actual documentary)

I feel he should also talk about that.. educate people on smarter loan decisions and the right careers that will repay it and what not

I don't mean to sound insensitive, but why did he get married, have 2 children and a dog before getting his practice off the ground? I'm sorry, but this just screams irresponsibility.

@@nofear6435 I think that's what a lot of these huge loan debts are.. people being irresponsible, but it could also be lack of education on loans and they feel like it is their only way in life, also society tells you that you must go to college to be successful and the better college the better job, so they take out loans cause their influenced by society to believe that is what they should do.. so in a way I think they are being trapped into it and also a little irresponsible.

@mike schafer I'm all for educating these people on how to make smarter loan decisions, etc., but I also believe it wasn't the wisest move to start a family before figuring out how to pay off some of this monstrous debt. The wife said that they can't afford a mortgage now, so they're raising kids in a trailer for God knows how long. How is that fair to the children? I'm just saying I think they should have waited. It's a sad situation.

@@nofear6435 exactly where I was saying education comes in.. so they don't get themselves into that situation

Unless you have a pre-existing condition, its not that hard to just be healthy and not have to go to the Dr. often Wash your hands a lot , eat right , and exercise .. But people eat such junk and have horrible hygiene practices so they're always fukking sick.

Who’s going to pay for that ?

0MissElizabeth0 it is basic human rights to have affordable health care specially with preexisting conditions

Chiropractors aren’t doctors.

Full Tilt Boogie Perhaps, so. People choosing to pursue expensive medical careers have to plan strategically. Or else, that debt could follow for the rest of their lives even though they’re earning six figures. I follow one RU-vid doctor who just finished his residency and will owe $500k. 😳😳 But he’ll be a spinal surgeon earning that much annually, and he already has a five-year plan to be debt-free. It can be done.

@@rebeccashields9626 they get into a scamy Doctor of chiropractic medicine program...they are doctors in their field..what you meant to say is that they aren't medical doctors aka physicians

@@EbonyRivers1 yeah but doctor webb was lucky ...and he overcame pretty huge odds to become a spine surgeon..most black folk get discriminated and just laid off because of the color of their skin or poor background

Christian Quiñones I’m not gonna say it was luck. He worked hard and kept trying. As a black professional myself, I’m well aware of the game and the chips stacked against me. You have to have the mindset that you are going to keep pushing until you get where you want in spite of closed doors and obstacles. I’m not a medical doctor but will have my PhD next summer. I don’t make my life decisions based on who might tell me no or in hopes that I’ll be lucky. I do what I can and let God take care of the rest. My main point was simply that he had a plan to handle the large debt he knew he would be taking on. Also, he chose a field that would give a sufficient return on his educational investment. Lately, I’ve been seeing a lot of people owe $100-200k+, but their field will max out at $70-80k, or they decide to do something different altogether that doesn’t pay much. It’s a personal choice, but we have to live with these consequences.

U got this!

Guy probably was “following his dream” going to a super expensive private a school getting a fake degree like chiropractor. It’s one thing to spend 500k to get a degree to be a cardiothoracic surgeon. Chiropractor however; you’re just stupid. I can’t feel sorry for these people.

More schools need to be blunt with students. You dont need to go to the most expensive school. Your hometown university is good enough. If your not college material than a technical school maybe the better adoption (and sometimes the cheapest). It's better to take your gen ed courses at a community college to save money and see if you can get a scholarship to uni.

If your scholarship isnt paying for your education than get a part time job to help pay for your studies or take the minimum amount of loans you can live off. I have friends who are working part time to pay for their university and commute an hour a day so they can live at home with their parents which is keeping them from being in debt.

Yep careless taking out loans and not working

I completely agree. Every person with student loans made a choice of where they were going to school, and chose what to major in. Maybe people should research majors based on how much they can make once they get their degrees. Maybe choose a school that they can afford to go to and afford to pay for.

People are so damn lazy these days and irresponsible. Just a few google searches and this bad decision would not have been made. I bet you they spent more time researching their phone before purchasing it.

.. our generation is killing themselves... GenZ and millennials are expected to live shorter and sickler lives in comparison to the baby boomers... the younger generations is dying from despair... opioid overdoses, firearm suicides, etc...

@@yoleeisbored that's true but why are we like that? I refuse to believe that it was simply "coddling" like many say. Perhaps I'm ignorant and naive idk

Alice Depaul Europe mostly doesn’t meet their agreed upon NATO obligations to fund their higher education. National Defense is higher on the pyramid of needs, than free college. So, the US is subsidizing their free college and Israel’s. In the US anyone can go to college, but in Germany it’s a bit more strict.

sidharth chand Colleges spend a lot of money of totally unnecessary stuff. How about the ballooning administration roles, despite that technology should’ve slashed those roles? New buildings when the old ones were fine?

Shane Blade Media yeah?

So true Nicole..this is something we all need to care about ❤️

They are absolute morons for taking on that kinda debt. There are many out there with 50-100k debt that were sold a dream and it was bullshit, but these people in this video should be ashamed of themselves. Guess who pays their debt in the end? Us.

@@ronsmith2216 -half a million to be a chiroquack? madness - but I'll bet they didnt receive good advice from the school.

Yea, dont take out loans for dumb things.

Ron Smith exactly! They did this to themselves!

No offense but most middle class kids go to good schools that prepare them for college (by helping them get high act/sat scores for scholarships) so they pay their school that way. That's what all my middle income friends did. If they didnt get good grades they went to technical school instead.

How exactly? Live at home, work while going to school, get a useful degree like nursing, PA, engineering, accounting, IT, etc. maybe take out some loans, making sure it’s not too much for what your income will be. You don’t have to be rich you just have to have some common sense.