Borrowed Future | How Student Loans Are Killing The American Dream 

Instead of going after the so called greedy oil companies and gas stations making big profits, why doesn't our special needs POTUS go after the greedy colleges and their always increasing tuition?

Thank you Dave Ramsey.

I want to start a youtube channel and have that offset the cost of Private education 2nd use my part time employers college funding

Dave was right, Student loan crisis is a parenting crisis in the American culture.

!a

🥰👏🏾 Congratulations

Congratulations Jen! That’s anazing

I got out of prison, I mean college with only 5k owed. I consider myself lucky.

Good for you!!! I too graduated with my MA from SJSU without any debt! I've been eternally grateful for it!

@@Aswaggoner you are very lucky!

And every parent, and every high-school counselor.

Absolutely

i made my investment into education back in just a few years.................. its not a once size fits all solution

@@Cvr7sqr1 Fair enough, but the borrowers have to look at loan amounts, interest rate, monthly payments er the life of the loan, etc., etc. Anything short of that is reckless and financially suicidal.

I'M DEFINETLY WATCHING THIS

Thank you for your service, you are on a great path forward.

Not willing or unable to?

@@olyalya6380 not willing. It was up to me. Definitely was not raised poor.

God bless you Mike.

That's awesome, congrats

Wow that’s awesome. Good choices. Your future will be so much better than otherwise. Good job

Smart decision!

Its been out for about a year now behind a paywall at ramsey solutions.

That Woke platform would never

True, I just found out about this wonderful documentary on Amazon Prime!!

I wish. I found it nice that although Dave and his audience largely don’t agree with AOC, they still showed some footage of her speaking against the predatory lending companies. I personally found that to be of good faith and liked how even on some things we can reach across the aisle and shake hands on a common issue.

They never teach us accounting or anything really useful in high school....it's algebra that most people will never use.

@@iam1smiley1 I use álgebra all the time, wym? You’re just finding information using what you have. Like calculate wages or a budget, etc

Community college is fantastic. There's no shame in attending there at all.

In my experience at community college there were more people attending while working in a parallel field which added significant experience and knowledge

​@@Musicienne-DAB1995I went to community college and I felt so much shame at the time. But now that I'm in my 30's I believe that was the best move I made. I see my friends who went to dream colleges and they are still so burdened.

Cc helps the first two years, but it doesn't cover the next 2-3 years to finish a "4-year" degree.

​@@aconcernedcitizen8011I was able to do three years at community college and one year at a state school and ended with a four year degree. My wife went to the same community college and got a two year nursing degree. She got a nursing job that paid for her four year degree. Community college is a great tool to save money

Financial liberty is a mindset and lifestyle truly.........have to enforce it young! Great job!

@@TheSoulCrisis The mindset is the minimum needed, but not sufficient. They were lucky to be allowed to stay at home. That that was even an option was a great fortune. Some folks kick the kids out at 16 or 18, telling their kids they are doing them a favor and teaching them how the world really works. No one is just going to give you things like a place to stay!

Not everyone is that lucky!!

@@margaritayavila7455 right, there is some luck involved, but they also worked hard. Plenty of people do nothing but party and “enjoy the college experience” outside of their class work, and use summer as simply a break. Sounds like her kids worked harder than most.

Sounds like a house divided!

This information and stats are open data, just not many people search for it

@@pkris2237 true but it's nice to see it condensed in a documentary. Makes it easier than going out and researching information. I dont really agree with a lot of Dave's principles but this was a nice thing to see

Ramsey is a great man.

This isn’t free. We pay for YT.

@@israelruiz8706 I have listened to Dave Ramsey for over 10 years and I agree with most of what he teaches. Bottom line, it works and will make you a millionaire if you follow his Total Money Makeover principles.

True

Beyond that, if he spends the rest of his time reading the front section of The NY Times daily, he will have about 100x more useful and relevant knowledge and understanding of the world than any history, sociology, or political science major who wasted four years and $250k on a worthless degree.

@@joefunk76 Well not if he reads the NYTs

@@KillerofGods okay, the NYT is maybe not the bastion of journalistic integrity it was some decades ago but you get my point

Hahahaa!

Unfortunately, until today, I’ve only seen it on Amazon Video/Prime Video. If you have Amazon Prime it is free. I am SO happy to see that it is on here and accessible to more people.

Cause Dave Ramsey offends the fruitcakes on Netflix.

​@@travelator3035 Alternate name for this documentary 😂

it seems like borrowing 13k was a good idea for you

There is a HUGE difference in taking out 13k(which is just 3.25k a year) and taking out 120k or 30k a year. Some people have credit card debt totaling more than this guy’s loans. Debt is almost never a good idea. However, assuming this guy has a job, he’s alright. It would be a different story if he ended up unemployed.

I don't understand the math. How come they can't easily pay off their $300k debt in 2 years if they are making $400k per year

@@violettapatapenka9880 lifestyle creep. Now that they are big shots, they buy the house, the car, the vacations and attend their friend’s destination weddings. The image matters more than the logic.

@@jaijames1131 you nailed it.

Wow! Congratulations! My parents were anti-debt as well and I graduated debt-free and currently working two years to save up for Graduate school! 🎓

We are a nation of following what “leaders “ say is the way to do things. I learned late. You were lucky your parents were “weird”

Good job fur

Congratulations on a job well done. Dave Ramsey is truly a blessing. You can just listen to his RU-vid videos and become debt free on that knowledge along.

Praise God!

Way to go Seth! I tip my hat to you. 😃

How much was your law school tuition

You do know definitely not everyone can do what you did the way you did it

@@willjbird3342 And? Not everyone's journey will be the same. Others will have their own unique ways of making it happen. But they have to want it badly enough to think outside the box and truly believe they can have a debt-free degree. My journey has its unique aspects, absolutely. But it's a testament to the fact that going into debt for a degree is not inevitable if you determine to do it another way.

Plenty of room to spare? What state bar reports anything more than Pass or Fail?

Yeah but...the one young girl went to NYU for $75k yearly for a music degree. She is going to be burdened for the rest of her life. The other girl decided her love of Duke wasn't worth $300k and will probably never regret that decision. The orthodontist broke down in tears about his debt and paying it back. But in the time between the footage and end credits (1-2 years?), they paid off $400k!!! I bet Dave sat down with him and got them on a serious debt freedom plan.

@@brianmccain8818 truth

Some of them. I truly appreciate the nuance in this documentary. There are plenty of ridiculous, entitled people here, but also people who were gamed by the system. They needed the degree, and the degree was inflated by the long-term interference of the federal government.

Well done!

Amen!

Way to go Helen! Your post made my day! You are the STAR of Rock Stars! 😃😃😃

How many years did that take on 15k pre tax income? Like how did you pay for food and shelter?

Good job

I'm so glad I found your comment. Congratulations to you!

Insane props to you. Paying that off as a teacher i am CERTAIN you had to sacrifice…glad you’re close to the end, friend

WOW, 109k student loan debt -- so proud of you for paying it down to 16k. Congratulations indeed!!

You've done so well to get to that stage. Well done. Keep going.

Also an 02 grad. My parents told me over and over to never have debt. I went to school in constant fear and anxiety of losing my academic scholarships. I worked and my parents helped some. Then I graduated and paid off my husband's student loans. I did not have a fun college experience but after hearing stories like yours, I'm grateful for how things turned out for me.

Follow the financial peace seminar from Ramsey solutions. All the videos are online. These baby steps will free you. You can do it!!! Believe there's a better way.

You were deceived. I am sorry. But you CAN get out of this!

This makes me feel like America preys on the working people like it’s just a giant business we don’t have any ownership in

Sorry to hear it. However, I thought the loan program was to forgive the remaining debt after 20 years of payments? Although it may apply only to newer loans, but surely it is worth checking into.

My Economic teacher is making us watch this and encourages us to NEVER take out student loans

Wish I had done it earlier. Not worth the money then or now.

I’m grateful that I’m not in debt because of my education, but college is overrated!!

Definitely not a necessity to succeed in life,I've discovered.

It's up to us to teach them better.

I was saddened to see couples having to go out of their way to donate plasma, which is another scheme where the blood banks get rich, in order to make a few extra dollars to make ends meet. This is after the college diploma, which was 'supposed to' put you ahead of the pack. Too many schemes placed on the kids. Seems diabolical.

... and if you, the parent advise them against it they don't listen anyway because "everyone is doing it!"

What be just as important is evaluating how relevant is the degree that is being sought, what is the demand of for that degree, how much the college training is relevant to the day to day demands of that position and how many other people have that degree in relationship to the real demand for that particular degree. Going higher up into the Graduate level the course work tends to be more specialized for a certain field and useless in other fields and if that field is overcrowded that could be a problem.

Blame George Bush's NCLB forcing schools to push college on EVERYBODY and stigmatizing trades for 20 years. My public high school forced us to apply to colleges and prevented you from doing trade classes until junior year.

My parents encouraged me to get student loans because they would not pay. Borrowed student loans in 1994. I'm down to $95,000 for an accounting degree. I went back to school at 40 years old, paid out of pocket and got scholarships to be an RN. Making way more money with an associates degree in Nursing than I ever even thought of in accounting. Still paying this ball and chain student debt from 30 years ago though. If the government had wanted to take off some of it, which would have been all interest, I would not have stopped them. The banks have been absolute slimeballs! My kids will not be living with this same mistake.

Not the world...just America. The rest of the world doesn't lump their people with ridiculous loans.

'Most people do not even use their degree.' THIS! This 100%! The quality of degrees as declined (in line with general decline of public education), yet the cost has gone UP! Massive confidence trick.

@@museumsgiraffe8423 And many of those who do get the degree in four years will then go on to do second and even third consecutive degrees, thereby racking up even more debt.

Come on it's like having a pet people seem to like pets

You're so lucky you got that rare thing called 'good parenting'

He was the one I was really worried about. I don't think he was going to take this debt seriously so I hope he continues his journey debt free.

You got this.. you can do hard things. 💪🏾

Visualization is powerful, visualize yourself being out of debt and you will do it!

It’s a totally different world. You feel the weight come off your shoulders, and if everything else is paid off, it’s not a matter of waiting to retire, it’s when would you want to retire. Also gives you the incredible gift of giving. Keep grinding, only makes you sharper. KEEP HUSTLING!

That's it. The only way to free yourself is to pay them off instead of waiting for someone to do it for you, which will never happen.

I know some people with 100k loan for a bachelors in anthropology. Atleast once you are done with school your starting salary is close to six figures as a doctor.

God bless you. Saving lives.

You Americans need to protect the man at all costs. He is literally doing the Lord's work.

They ain't living the dream now seeing they have student debt and you don't lol.

You're so right. You NEVER know what "the other side" of somoene's apparent success is.

Agree. My fear is he won't even try to go back and get stuck in the inevitable "rat race"

You have HECS and HELP loans in Australia right? Those are income-based loans, yes?

@@Derek032789 yes but you need to reach a level of income for it to start paying it back. Plus as far as I understand it’s only on your first degree, everything after that is on your dime

@@Derek032789 Yes there is HECS/HELP which is Australian student loan system. It is run by the government. You do start paying when you earn more than 51k. The amount you pay is based on how much you cross this threshold, therefore it is income based. There is no interest on the loan, but the amount is adjusted to inflation. I’m one of the lucky ones that didn’t need to take on debt. I received scholarships. Very grateful.

True. Student loans are part of a wider problem.

Respect

Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!

Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my portfolio and plan my retirement

She's OLIVIA SULLIVAN FINANCIALS

she's a known advisor. I actually did look her up curiously and went through her credentials on her webbsite... Top-notch! I wrote her an email, hopefully she's accepting new intakes.

I'm definitely gonna check her out. Do yo have any idea if she manages family fund?

Me too

Could you maybe give me the real short version here please? I would like to do the same. Id buy your book if you publish it - Im desperately trying to discern if I need to go to college and how in the world to graduate debt free like many of you, if I do. Would appreciate more info.

Probably took someone with a college degree to produce this!

Well done!

Well done-- and great advice!

Yeah.......doing that in a private university is even more impressive!

Yes and yes … start at a CC - the go to a 4 year university

I was thinking the same thing. I've tried to watch it but it isn't free

@@nicholeknight1893 See you Monday night for the premiere!

@@nicholeknight1893 I think it's only free tonight.

Mike Rowe is the man for that!

Great point !

It's actually not the school, it's just a smart young man making a right decision.

Exactly. If the money had been diverted towards this kind of training, then there'd be no reason to rely on mass immigration to plug a skills gap that doesn't really exist.

I went to a trade school to be diesel mechanic worked 5 years at a dealership which paid for my school got me experience and specialty certifications I own my own shop now and am one of the only shops in my area that excels at troubleshooting the emissions system on the modern diesel engines and I can get it in and out in half the time the dealership can people are willing to pay the extra money for a quick and quality turn arou

You can make 25 an hour about a year out of high school working irrigation. 300 bucks to get certified and trained. Even more in trucking or plumbing though you'll pay more for it. Still, it literally takes 1 year MAX to get trained.

Think everyone should, join the military.

Is there non-active duty things that some people can do? I literally could not do all that boot camp and such. I am literally not bulit for it.

It's not so much as to no one makes one take out student loans it's the fact that student loans are more popular than vocational training and self employment opportunities. These things just recently began a high school curriculum.

@@p.t.9171 I would do it again just for the fitness part. It’s really not that bad. Just don’t go during extreme end of the weather

@@p.t.9171 Join the Air Force. 😉

Same here! This is one of the biggest emergencies of our time. So many millions of lives are being ruined.

Can you explain more?

Not every country is as silly as USA is…..just a crazy setup

Maybe not completely free but payable. 200k to 500k for is daylight robbery.

College attendance can never be completely free, because if it is, the money is coming out of someone else's pocket. College professors and schools aren't going to let you attend and use their time and utilities for free. Tuition has ballooned out of control because schools realize they have easy access to guaranteed money if they can lure people to their school, so they are putting the explosive tuitions into building more attractions to lure more and more students there. That cycle needs to break if people have any hope of putting those schools in their place. Alternative/Online education certifications and companies willing to consider those other forms of education can get that process started.

Nothing is “Free.” In European countries, they are taxed 60%-70% of their income which pays for college (and medical care) AND, their population is FAR lower than America. Around 35million people+ compared to over 300million+ Americans. NOTHING IS “FREE.”