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Millennials struggling under the burden of student loan debt 

CBS Evening News
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Millions of college students are graduating with debt and now borrowers owe a total of $1.5 trillion nationwide. Mark Strassmann reports.
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29 апр 2019

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Комментарии : 1,4 тыс.   
@JorgeEscobarMX
@JorgeEscobarMX 5 лет назад
She went to college and her dream job was registering voters? Why?
@karldilkington8587
@karldilkington8587 5 лет назад
She probably told the news that she liked her old job better, but they had to put a spin on it
@mr.reality9741
@mr.reality9741 5 лет назад
Her dream job is what retirees do. Typical lazy kid.
@mr.reality9741
@mr.reality9741 5 лет назад
Deja Boo I make 400k. 400k pennies.
@TheZchristina97
@TheZchristina97 5 лет назад
Right? You definitely don't need a Texas A&M degree for that
@hithere3250
@hithere3250 5 лет назад
Deja Boo I make over 400k Started my own business in ‘12
@Revelation18-4
@Revelation18-4 5 лет назад
A college degree doesn't guarantee a job or career. Been there. Done that.
@milhouse14
@milhouse14 5 лет назад
Unless you get the right degree. There would always be jobs and opportunities for doctors, engineers, accountants, etc
@Revelation18-4
@Revelation18-4 5 лет назад
@@milhouse14 Not necessarily. Too many college graduates, not enough jobs.
@erichuff6945
@erichuff6945 5 лет назад
Truth Seeker you have to be good at what you do. You have to have the skills no just a piece of paper. Right now the job market is stronger than ever. If you can't get a job in your field you are either no good at what you do or you don't want it bad enough. No one is going to give you anything, you have to take it. I was in my mid thirties when my debt was paid. Think, if it was easy everyone would do it.
@Revelation18-4
@Revelation18-4 5 лет назад
@@erichuff6945 Yeah, I know all that. Was good at my job. Unfortunately their so called union didn't do anything for me. Gave my shift to someone who wasn't even qualified, nor did he have the education or paper to prove it. Nonetheless, doesn't matter now, I'm retired anyway. When I did get my degree I was promised employment at entry level. They told me there weren't any jobs available, so they tried to pawn me off onto some travel agency job that didn't pay much. So I pretty much told them where they could go. Ended up working in food service. Oh well.
@sandraaviles-wilkes7036
@sandraaviles-wilkes7036 5 лет назад
Truth Seeker wow sorry to hear that happened to you. I totally understand why you would be disappointed and a bit frustrated.
@haley754
@haley754 5 лет назад
I’m so thankful that I started at a community college.
@argynkuketayev4166
@argynkuketayev4166 5 лет назад
@@thedramacorner8382 Now you're going to pay off the debts of the people in this video
@MrMiniPancakes
@MrMiniPancakes 5 лет назад
Haley same, but after two years I’m still in some debt
@haley754
@haley754 5 лет назад
Jennifer Murphy I had no idea haha sorry. That sucks that she still has that much debt even after going to community college. It would probably be ten times worse if she didn’t go to community college first though.
@videomaniac108
@videomaniac108 5 лет назад
I went to community college and got an A.A. After that I went to two universities and got B.S. and M.S. degrees in Physics with no student debt. I went to state schools, lived in dorms, worked and lived very frugally.
@cocotaveras8975
@cocotaveras8975 5 лет назад
Smart move, save money and get an education. And if you save enough you can eventually, if you would like, move to another university with a good chance of not having as large a debt.
@kurochi4768
@kurochi4768 5 лет назад
I was in 1k in student debt. Dropped out and became an electrician, paid it off by my first paycheck.
@brucewayne3141
@brucewayne3141 4 года назад
Is this why you can't write a correct sentence?
@Biswarup_d
@Biswarup_d 4 года назад
@@brucewayne3141 atleast he is not crying in front of congress asking for reimbursement of his student loan.
@kurochi4768
@kurochi4768 4 года назад
@@brucewayne3141 You got it. How's that 45k of student debt treating you, by the way?
@tonycheezal5650
@tonycheezal5650 3 года назад
@@kurochi4768 savage bro, hahahaha
@tayjones8552
@tayjones8552 3 года назад
Smart and quick thinking!
@MastersOfRs
@MastersOfRs 5 лет назад
1:08 "Bachelor of Arts" with $53k in debt and her dream job is registering people to vote. You can't make this stuff up.
@Jesseg-rj6xf
@Jesseg-rj6xf 5 лет назад
MoneyBags the left side is nuts
@collinbacklund3582
@collinbacklund3582 5 лет назад
Even worse, she's probably registering Democrats to vote so she won't have to suffer the natural consequences of her awful decision.
@ajanimandara9137
@ajanimandara9137 5 лет назад
💀☠🤣😭😂💯
@ecclairmayo4153
@ecclairmayo4153 4 года назад
She doesn't have sense enough to be embarrassed
@aolvaar8792
@aolvaar8792 4 года назад
Scary part, She'll want to breed
@danny90099
@danny90099 5 лет назад
Her dream job is register voter ? I dont think you need college degree for that
@dangda-ww7de
@dangda-ww7de 5 лет назад
I dont think that job pay much tho, $15buck an hour at most.
@LaSombraa
@LaSombraa 5 лет назад
Honestly right...? Idiot.
@80sruler
@80sruler 5 лет назад
Rick Sanchez imagine - she wants to do something that doesn’t pay anything but is shocked she can’t pay her loans - are you stupid or something ?
@MegaBallPowerBall
@MegaBallPowerBall 5 лет назад
@@ALCAN52 The Eternal crybabies, those born between 1945 and 1985, had everything handed to their lazy, stupid, selfish little hands and all they can do is whine and whine whenever us youth want 1/100000000000th of what they took for granted.
@epatterson1504
@epatterson1504 5 лет назад
Rick Sanchez She sounds not to smart saying that?
@slickboyLA
@slickboyLA 5 лет назад
- liberal arts degree - dream job registering voters(what?) - works minimum wage job - takes on mortgage debt and trying to start a family
@illegalalien6542
@illegalalien6542 5 лет назад
Well to be fair she is blonde. Blondes can be pretty stupid
@TheBighatter
@TheBighatter 5 лет назад
You forgot to include, complains that other taxpayers aren't picking up the tab.
@michaelweston6083
@michaelweston6083 5 лет назад
@@TheBighatter yeah and all of the pos dems are running on that.
@jessicavernon8332
@jessicavernon8332 5 лет назад
Take a look at posts for job positions. Over the years I have seen fewer with highschool diploma and a higher number with Associates & or bachelor, for those positions that could be taken on by highschool diploma.
@BigRed2
@BigRed2 5 лет назад
Big Hatter Don’t forget she probably buys a new iphone every 2 years and drinks a starbucks latte everyday but can’t afford a student loan payment
@TelmaFrege
@TelmaFrege 5 лет назад
I didn't know registering voters was a full-time job. I always thought it was a temp job (even done by volunteers) when elections come up.
@huma474
@huma474 5 лет назад
She was probably working as part of the office staff for a local party office, those would have some staff year round.
@TelmaFrege
@TelmaFrege 5 лет назад
huma474 That makes sense. I didn’t know such offices existed. Thank you for the explanation.
@davidlafleche1142
@davidlafleche1142 5 лет назад
It takes a lot of work to get fake IDs for illegal aliens. Then they have to get maps to all the polling places, so they can stuff ballots for Liberals. Did you realize it is possible to vote in eleven states in one day? Connecticut, Rhode Island, Massachusetts, Maine, New Hampshire, Vermont, New York, Pennsylvania, New Jersey, Maryland and Delaware. It could be done, if they drive fast enough.
@KnockoutInvesting
@KnockoutInvesting 5 лет назад
$50k in debt to help register people to vote. SMFH
@topcomment3816
@topcomment3816 5 лет назад
KO Investing RU-vid investing channel with only 72 subscribers. SMFH
@honchoryanc
@honchoryanc 4 года назад
Definitely a denocrat.
@JamesJesseGTA
@JamesJesseGTA 5 лет назад
Dear Taylor Smith. You got scammed. You may as well have spent that money getting a degree in Elf Spotting in Iceland.
@Breewilly
@Breewilly 5 лет назад
I bet that degree really exists too!!!
@inspiradorupees3029
@inspiradorupees3029 5 лет назад
My degree was reindeer spotting in Iceland...
@jerseynurse6878
@jerseynurse6878 4 года назад
Lmao
@vishnusahani2822
@vishnusahani2822 3 года назад
🤣🤣
@MsClaudiaDuran
@MsClaudiaDuran 5 лет назад
Registering voters (often a volunteer position) was her dream job??
@davidlafleche1142
@davidlafleche1142 5 лет назад
My dream job is a career in publishing, and I'm doing all the work and all the financing myself.
@mrsr4640
@mrsr4640 5 лет назад
Graduating in May with no loans.
@gangatalishis
@gangatalishis 5 лет назад
Congratulations, did u get scholarships?
@Honeypepper.
@Honeypepper. 5 лет назад
Associate degree on a Pell grant
@mrsr4640
@mrsr4640 5 лет назад
@@Honeypepper. lmao. Keep on studying. My family as with most Arabic and Asian families don't believe you have a degree until you have a master's degree or higher. I am wealthy black. Have a sister who is a board-certified physician specializing in gastroentrology and hepatpology, mother an educator, father owns lakefront property on Kerr Lake in Manson which is unheard of for a black man to own.
@Honeypepper.
@Honeypepper. 5 лет назад
@@mrsr4640 Waw thank goodness higher education is not what's required to gain everlasting life under God's kingdom 😏
@mrsr4640
@mrsr4640 5 лет назад
@@Honeypepper. Amen. They are just pieces of paper to keep us comfortable here on earth. But I am glad my mother and father paid my sister and mine.❤ God is good. Not too many black people can say they live on a lake and have a sibling who is a doctor.
@Makaylah13
@Makaylah13 5 лет назад
if youre stopping at a bachelors-unless youre majoring in engineering, nursing, computer science,or accounting, and starting at a community college, do NOT go to college. unless youre bill gate$
@ariefraiser140
@ariefraiser140 5 лет назад
Wasn't Bill Gates a college dropout?
@Makaylah13
@Makaylah13 5 лет назад
@@ariefraiser140 how many bill gates is there? ONE right? and how many non-bill gates people are in the usa? MILLIONS.
@ariefraiser140
@ariefraiser140 5 лет назад
@@Makaylah13 You're the one who said "don't go to college unless you're Bill Gates." All I did was ask didn't he drop out of college? So not sure what point you were trying to make there.
@Makaylah13
@Makaylah13 5 лет назад
@@ariefraiser140 if you couldn't understand what "bill gate$" meant, then you are another one who clearly shouldn't waste money into going to college, proving my point
@ariefraiser140
@ariefraiser140 5 лет назад
@@Makaylah13 Oh I love it. You say something dumb. I point it out. You return with insults. 😂
@BabyBearRudy
@BabyBearRudy 5 лет назад
Damn and I thought I had it bad when I graduated with $22K in debt... I’ll finally finish paying it off this year. Wish I could go back and yell at myself not to go to college and just start working instead.
@erickdaniel618
@erickdaniel618 5 лет назад
She went to college but didn't know her debt till her last semester? And she has an education?
@kaistockman6443
@kaistockman6443 5 лет назад
I didn’t know my debt till the end. When you graduate before I left I had a meeting with my counselor or whatever they’re called who told me how much I owed on my loan. This was my senior year. Rather depressing. There should be a lot more grants for people who have already graduated to help pay off loans not just for people seeking to go. I was lucky, I know some people paying $900 a month on their loans. Mine is still bad but not nearly like that.
@kaistockman6443
@kaistockman6443 5 лет назад
Plus people probably have lots of credit card debt. I don’t know if it’s still legal but when I was in school they had people signing you up for credit cards in the cafeteria. It didn’t matter if you had no credit history. I have no idea how that was OK. Luckily I didn’t have a lot of credit card debt like some people probably did. I didn’t just sign up for whatever but I’m sure many people did. 😢
@johnstauffer8772
@johnstauffer8772 5 лет назад
Well, she didn't get an education in college, BUT, she WILL get an education, post college! She should have read Ben Franklin's "Poor Richard" first? She "Paid too much for her whistle" !
@TheBighatter
@TheBighatter 5 лет назад
They learned 'er real smart like.
@lisahertel2415
@lisahertel2415 5 лет назад
Yup. That’s the result of liberal college degrees. Dumber than. 5th graded
@marcusyakira1094
@marcusyakira1094 5 лет назад
lol if my daughter said her dream job after college was to register voters i might end up in jail for slapping her in the face
@lagrandemarie8695
@lagrandemarie8695 5 лет назад
🤣🤣🤣
@ecclairmayo4153
@ecclairmayo4153 4 года назад
Right! If she thinks that is a job in itself without needed any other 8ncome, then she shouldn't be in school
@jerseynurse6878
@jerseynurse6878 4 года назад
😂
@stayingsaneamidtheinsanity2499
@stayingsaneamidtheinsanity2499 4 года назад
Hey stupid. Registering voters is a volunteer activity. Not a career move.
@phoenixrising441
@phoenixrising441 4 года назад
In other words she wants to work at a BMV
@stepf2892
@stepf2892 5 лет назад
This is what happens when you tell 18 year olds they’re smart enough to BORROW money. 18 year olds aren’t old enough to drink but they can go into debt for thousands!
@bruceswank9807
@bruceswank9807 Год назад
NO This is what happens when an 18 YO borrow money. DON'T LOAN THEM MONEY WITHOUT COLLATERAL - They Shouldn't Even VOTE UNTIL 24!!!
@georgemalley6414
@georgemalley6414 11 месяцев назад
Yet, Democrats think that 6 year olds can make gender changing decisions.
@JMxE15
@JMxE15 5 лет назад
Community College ---> Get your GPA up---> Go to a 4 year for free... duh
@CelonixCleaningServicesLLC
@CelonixCleaningServicesLLC 5 лет назад
Jacob P that sounds like a waste of four years. All college is a rip off. You can study anything online for free.
@amandal.1422
@amandal.1422 5 лет назад
@@CelonixCleaningServicesLLC yeah but if u can go to college for free id do it. Many hiring managers will skim over the self taught person w no degree. What? A "i learned this on youtube/google degree"? Theyre gonna always choose someone w "solid" education. Id take a free ride to college anyday!
@forever_evolving_5312
@forever_evolving_5312 4 года назад
Philip Erdman Studying anything online for free is a waste of time if you are essentially locked out of the majority of the higher paying jobs. Degrees are expensive, but they’re a necessity for anyone who wants to make over $60,000 annually. In the future (30 years from now), I believe most people will have to make at least $60,000 a/y to survive. Most college grads end up making that no matter how stupid their degree is. Most low skilled workers don’t. A lot of people say they’ll just start their own business, but they fail because they don’t understand the foundation/finances it takes to start one correctly....because they didn’t study the concept of business in depth.
@kawa1755
@kawa1755 4 года назад
@@CelonixCleaningServicesLLC for some fields they will accept certifications but you will not be well prepared for the job. It is allot better to attend college.
@CelonixCleaningServicesLLC
@CelonixCleaningServicesLLC 4 года назад
smnsdndn dhs was I mentally deficient when I purchased bitcoin and xrp a couple years ago and watched them grow higher than any investment you ever saw? Was I mentally deficient when I paid back my student loans using a digital asset most people never heard of? Was I mentally deficient when I made a cash purchase of two cars and still own them title and all? Was I mentally deficient when I stockpiled silver a couple months ago and have been watching it steadily increase? Man it feels good to be mentally deficient.
@hazelwood55
@hazelwood55 5 лет назад
I started at Ohio State in the Fall of 1977. In state undergrad tuition was $270/quarter. Today, tuition for the year is $27k. The minimum wage in 1977 was $3/hr and today (in Ohio) is $8.25/hr. A student today would have to make $100/hr to have the same ability to purchase education that I had. That is why we have a student debt crisis.
@codebloke2200
@codebloke2200 5 лет назад
"Lots of people go to college for 7 years. Yeah, they're called doctors." If you have anywhere close to a hundred Gs in student loan debt and you don't have a series of acronyms after your name then you don't need forgiveness you need a beating.
@m.syamil_KR4PU
@m.syamil_KR4PU 5 лет назад
"Liberal art" they say
@davideyaliscool
@davideyaliscool 5 лет назад
Exactly. An 18 year old knows how much 50k is, they're not stupid. Or ppl who go to college shouldn't be that dumb
@tonyproducer5582
@tonyproducer5582 4 года назад
I think you’re out of touch if you think doctors are the only ones to go that high... and even some doctors are starting to struggle with student loans. God bless America!!!
@tonyproducer5582
@tonyproducer5582 4 года назад
bad bad mc bad it’s not bold at all. It is reality. It isn’t 1980 anymore.
@tonyproducer5582
@tonyproducer5582 4 года назад
bad bad mc bad 2/3 new jobs require some college or more. Only about 1/3 of Americans have a degree. For someone with a higher education degree, you seem to not research anything and just make a lot of unfounded claims.
@jimziemer474
@jimziemer474 4 года назад
My dream job is to sit on the beach and read. I don’t understand why I can’t get a job. I have a college degree.
@rockwithyou2006
@rockwithyou2006 3 года назад
I am soo sooo sorry that you have a degree and can read but still don't have a job. Don't worry, President Biden will fix this problem for you.
@bte320
@bte320 5 лет назад
The reason college costs keep rising is because students keep paying it! Good Christ this isn't hard to figure out.
@privatelifejust_4me
@privatelifejust_4me 5 лет назад
It is for all the sheep who do. They follow instead of think.
@tylerbrown3135
@tylerbrown3135 5 лет назад
This is just basic economics. They will lower the price to match lower demand
@Ayumu88
@Ayumu88 5 лет назад
It's because the government got involved with it.
@SYDAirlineEnthusiast
@SYDAirlineEnthusiast 5 лет назад
Yeah, colleges just want your money. Not to mention it is so hard to get enrolled into classes when not that many classes are avaialble.
@tonyproducer5582
@tonyproducer5582 5 лет назад
No it is because they have cut funding over the last few decades.
@Luminatas1
@Luminatas1 5 лет назад
I bought a $108,756 racecar so I could be a professional driver but noone will hire me. The government should pay off my debts...
@thehussarsjacobitess85
@thehussarsjacobitess85 5 лет назад
Well said :D
@mattlane2282
@mattlane2282 5 лет назад
Good idea...
@cerebralcaustic
@cerebralcaustic 5 лет назад
I got a $100k loan to make a movie it was a failure please Bernie pay my bills
@averypalmer4237
@averypalmer4237 5 лет назад
Ha Ha. Your commercial loan can be discharged in bankruptcy. A public student loan cannot be discharged and they can come after your social security checks.
@Luminatas1
@Luminatas1 5 лет назад
@@averypalmer4237 I don't think you know how bankruptcies work lol... For one you don't just file for one item. If it were a vehicle that you couldn't pay for you would default and the creditor gets it back. And it clearly affects your credit. Also if you were to file bankruptcy, you don't just get to keep everything lol... They try to get the most out of it by taking a large amount of your assets and also it affects your credit. What you want is the hard working class to pay for your mistakes. Not the rich as you seem to be so inclined. And if I were them, I wouldn't stay in a country that taxes me as such.
@adrianguardiola9837
@adrianguardiola9837 4 года назад
“You have to go to college to get a good job” I’m 20 years old graduated high school last year and am in a really good company with all the benefits you can imagine making $80,000 a year. Give me a break. She’s so blind.
@mikejohnson3713
@mikejohnson3713 4 года назад
Thats awesome I have two gen z siblings and I warned then already lucky me the military covered my tution
@villafontananorte
@villafontananorte 5 лет назад
Just graduated with an associate in Human Resources with a 3.2 GPA with no student loan. I used tuition reimbursement benefit from my employer for 4 years. I paid the difference in cash. Starting my junior year in college next week with no debt. I will continue the same pathway until I hit my senior year. I did not go out-of-state to be cool and badass. I did not go to a private university to show it off on Instagram. I knew what I was able to afford and what my reality was. Edited: I am totally aware I will have to get in debt in my senior year, $15,000 to complete my senior year.
@ariefraiser140
@ariefraiser140 5 лет назад
You think people go to out ofbatate schools to be cool or badass and lrivate school to showoff? Interesting.
@villafontananorte
@villafontananorte 5 лет назад
@@ariefraiser140 Yes. Many dumb people who go out of state cause they want to be away from parents. Many people go to private universities to show it off. Unless you go to Ivy institute, it may be worth it, otherwise, a bachelor's from Florida State University is the same as a bachelors from The Ohio State University.
@Hevendemo
@Hevendemo 5 лет назад
Do you want an award for that?
@villafontananorte
@villafontananorte 5 лет назад
@@Hevendemo Do you want a cookie for your nonsense comment? I shared my story cause I am tired of seeing people complaining for the "high cost of education" or for having a huge student debt for taking a stupid financial decision when there are more affordable options. I have heard the "I was 18-20 and I didn't know what I was getting into excuse". You can't expect a $200 monthly payment for a +$30k student debt. That is basic math.
@hern9897
@hern9897 5 лет назад
This person went to college for a human resources degree, ppppffftttttt! Has the audacity to try and show off, Lmfao! Good luck at your desk job that pays 12 an hour sucker!
@oscar.gonzalez
@oscar.gonzalez 5 лет назад
If the college is expensive, pick a different less expensive one. Reality is that you can't afford it. I can't afford it.
@rayt5520
@rayt5520 5 лет назад
ppl want the name just like an expensive auto or zip code all show if you ask me .
@davideyaliscool
@davideyaliscool 5 лет назад
I attended free bc I actually worked hard in hs not going to mfing A and M
@MrJimmy3459
@MrJimmy3459 4 года назад
@@rayt5520 that's why you see these pricks with stickers on their car showing which college they went to. I laugh every time I see them
@ashtonasmr3157
@ashtonasmr3157 4 года назад
@@MrJimmy3459 lol me too. Going to a good college does not guarantee a successful career ahead. I know a few people who went to prestigious colleges, but are stuck with minimum wage jobs.
@sixbrigands
@sixbrigands 5 лет назад
People make choices. I went to a state school because it was cheaper. Why should I subsidize those who went to expensive private schools?
@sixbrigands
@sixbrigands 5 лет назад
@Snappingturtle 267 I'll vote republican when I'm rich
@m.syamil_KR4PU
@m.syamil_KR4PU 5 лет назад
@Akash Guha Thakurata true, this people took a high amount of student loan for a useless "LiBErAl ArT dEEgRe", and then they don't want to pay, act like they know nothing abouth this and blame the goverment, the system and etc. ...
@anthonypuccetti8779
@anthonypuccetti8779 5 лет назад
You don't subsidize them. The money you pay in taxes is what you owe to the government, not a subsidy. It isn't your money anymore once you pay it. The government is going to take too much of your money regardless of whether it subsidizes people's tuition. Why should people pay for unjust usurious debt that drives them into debt slavery and financial ruin?
@phoenixrising441
@phoenixrising441 4 года назад
Because.... vagina
@anthonypuccetti8779
@anthonypuccetti8779 4 года назад
@ Government tax revenue belongs to the government, not to the people the government takes it from, and the government spends it however it wants. Once you pay income tax money, its not your money anymore, so you are not spending it on other people. Its not a matter of generosity.
@clair3kee432
@clair3kee432 5 лет назад
I’m sorry but truly the only people who should be taking out $100,000+ student loans is people trying to become a doctor or surgeon.
@JamesJohnson-go1ff
@JamesJohnson-go1ff 4 года назад
Or a lawyer
@lus
@lus 5 лет назад
I learned more through owning a business than my 2 VERY EXPENSIVE degrees. My two degrees cost $410,016. NYU cost $71,754 a year or $287,016 for 4 years. William and Mary Law School cost $41,000 a year (out of state) or $123,000 for a 3 year J.D. I now work in digital marketing where the most talented person I know doesn't have a degree. He only has drive.
@calisthenicschicken8812
@calisthenicschicken8812 5 лет назад
I have a hard drive
@janethockey9070
@janethockey9070 5 лет назад
What is his name and is he hiring?
@ariefraiser140
@ariefraiser140 5 лет назад
To be fair....Law is one of those degrees that you have to have to make it a career. Same for doctors, nurses, etc. Those require specific degrees. It's the folks that go to school to study liberal arts, culinary, communications etc who really need to reavaluate their path.
@jorgesolis7897
@jorgesolis7897 5 лет назад
So, how much are you making in digital marketing?
@superninja993
@superninja993 5 лет назад
Ty guo go back to china Alien
@TheBighatter
@TheBighatter 5 лет назад
Fixed the title: "Millennials struggle with the consequences of their predictably poor financial decisions. " When you apply for student loans you know exactly how much the degree will cost you, with interest, and the earning potential for that degree.
@shannysalcedo3627
@shannysalcedo3627 5 лет назад
College prices are still outrageous regardless
@johnbagyan7727
@johnbagyan7727 5 лет назад
@@shannysalcedo3627 at least you know how much it will cost u
@TheBighatter
@TheBighatter 5 лет назад
@Mr. R Assuming sarcasm, you've just made a decent argument against allowing 17yr olds to apply for loans at all then. Maybe after a couple years of community college math and economics they'll be prepared to grasp the simple concepts of opportunity costs and compounding interest.
@jimziemer474
@jimziemer474 4 года назад
Big Hatter I learned that in high school.
@smcpeek61
@smcpeek61 5 лет назад
What we do not hear is what they majored in. Too many of these kids chose majors that are not going to pay off. Majoring in women's studies or (fill in the blank)--studies is not going to get them a high paying job. Part of the blame goes to parents who either don't have the money or allow their kids to go to a school they can not afford. My daughter started at a community college, paid as she went plus I helped, she lived at home and is now 22, makes $70K and is loving life. It can be done, but these kids need to really look at what they can afford and sacrifice to get through school. It is a little hard for me to have mercy for someone who pays $74k to go to Stanford when he majors in a $30,000 a year job!
@ligerllama
@ligerllama 5 лет назад
Looks like more people need Dave Ramsey in their life to make wiser financial decisions. Yikes!
@ladhkay
@ladhkay 5 лет назад
You just need common sense which isnt common any more
@xxonlineratxx4081
@xxonlineratxx4081 5 лет назад
Or Mike Rowe
@tonyproducer5582
@tonyproducer5582 5 лет назад
Or... Invest in higher education like it used to be?
@immikeurnot
@immikeurnot 5 лет назад
@@tonyproducer5582 Like it use to be? I'm not sure if you mean taxpayers "investing" in it, which wasn't ever really the case, or when it was an actual investment because there weren't idiotic, dead-end fields of study.
@mkite715
@mkite715 5 лет назад
Yes!!!
@benlogicfactsshapiro
@benlogicfactsshapiro 5 лет назад
Imo, instead of making college free we should fix the public education system. Make it where the last two years of high school are nothing but specialized electives that give you college credits or a certificate in a certain trade. I got my CCENT right our of high school and could get a decent paying IT job right now. (If I wasn’t so asocial and akward at interviews) Of course fixing the system would never happen because the government and bankers love to pray off of those sweet sweet unsubsidized loans.
@benlogicfactsshapiro
@benlogicfactsshapiro 5 лет назад
49jubilee key word some. Plus they aren’t really encouraged, let alone mandatory.
@linusmlgtips2123
@linusmlgtips2123 5 лет назад
Both free college and high school college credits.
@jimbush6398
@jimbush6398 5 лет назад
@@benlogicfactsshapiro hi can so I
@inlonging
@inlonging 5 лет назад
Ben Logic&Facts Shapiro lol maybe they need a class in public schools to explain what it means when you take out a loan, interest, payments, etc 🙄
@evileyegaming405
@evileyegaming405 5 лет назад
@@linusmlgtips2123 nah if college was free then we'd have too many people with degrees thus not enough jobs for everyone
@shanelevreau3275
@shanelevreau3275 5 лет назад
Your education, your responsibility to pay off the debt
@mattlane2282
@mattlane2282 5 лет назад
@Faizan A LOLWUT?
@inlonging
@inlonging 5 лет назад
And honestly it wasn’t even their education. Many of us got educated without debt. It’s their choices, consenting to that debt, signing their name knowing how much it was..... your choice, your responsibility.
@jacobg8640
@jacobg8640 5 лет назад
I'm 21, graduating next year and will likely go to one year of grad school. Estimating to finish with 30k in debt by which time I would have commuted when possible, worked full time both summers and a couple school semesters to keep the loans just that low. I knew what I was signing up for. So I also chose a promising career and already have employers interested in hiring me full time with enough pay to wipe my debt in a year if I swallow my pride and stay home. And that's just entry level. I took responsibility, considered all my options, made a plan, and all of a sudden I find myself confident I can handle debt most kids take at least 10 years to pay off. Our debt only gets out of control because we don't take control first.
@inlonging
@inlonging 5 лет назад
good! look into dave ramsey or others for plans to pay off debt quick @@jacobg8640
@jacobg8640
@jacobg8640 5 лет назад
@@inlonging He's the one who got me in that mindset!
@mirandataylor6385
@mirandataylor6385 5 лет назад
It's not a burden, it's a choice. All your teachers conditioned you your whole life to think that if you went to college all your dreams would come true, and mommy told you it would be okay to take out all that debt. Now reality has kicked in.
@anthonypuccetti8779
@anthonypuccetti8779 5 лет назад
It is a burden, and unjust. The colleges choose the price of tuition, and the government encourages people to taking loans for the purpose of leading them into long term debt slavery. The naivete of the students doesn't justify colleges and the government keeping them in debt slavery.
@mirandataylor6385
@mirandataylor6385 5 лет назад
@@anthonypuccetti8779 No one holds a gun to their head. The reason why college is so expensive is because the government wants you in debt in your young adult life and the colleges are a money scam. The more people scream for free tuition the more it costs, just like the big hike after federal loans became available. How come nobody is demanding these professors work for free? The staff is the reason why everything is so expensive because they love their six figures salaries. If they really believe in free education why don't they volunteer their time for free. I can't even imagine telling someone 100 years ago that in the future you will pay hundreds of thousands of dollars for a piece of paper that doesn't even guarantee you a job.
@DesignzRUs1
@DesignzRUs1 5 лет назад
@Miranda Taylor You’re saying people are naive but you don’t even have a solution to the problem LOL If college is a scam, what should people do instead?
@midnightcaptain8344
@midnightcaptain8344 Год назад
@@DesignzRUs1 do not go unless you’re going to be a doctor or an engineer. Something viable.
@SA-xt1gd
@SA-xt1gd 5 лет назад
I have zero debt so far but im still struggling to find a job, even a paid internship.
@Modestasgailius
@Modestasgailius 5 лет назад
Sorcerer Vaati64 I think this's still better than being 50 thousand in debt . Owning money to the banks or the government is modern day slavery.
@SYDAirlineEnthusiast
@SYDAirlineEnthusiast 5 лет назад
If you are computer science, no suprise there. Its hard
@rp4life770
@rp4life770 4 года назад
What did u graduate with? It all depends on the majors...
@Fedgery007
@Fedgery007 5 лет назад
🤦🏻‍♂️ We’re doomed. Tuition keeps rising because the government/taxpayer is giving out unlimited/subsidized student loans.
@zegikniet9999
@zegikniet9999 5 лет назад
who even goes to study if they gotta pay 100k?
@flx2525
@flx2525 5 лет назад
She was definitely trying to register future democrat voters
@weareorigin
@weareorigin 5 лет назад
What about her being a full-time homemaker, driving her own car, shopping when she needs, lunches with her friends.....while her husband makes $80,000 equivalent. Was that era too sexist in America?
@mickcv4554
@mickcv4554 5 лет назад
If her dream job is registering voters then why the f did she go to college?? Let alone texas A&M.
@phoenixrising441
@phoenixrising441 4 года назад
Her dream job is working at the BMV. LOL
@realazduffman
@realazduffman 5 лет назад
Registering voters is not a real job, that is her first problem.
@KandyGTV
@KandyGTV 5 лет назад
Most borrowers aren't complaining about paying for their loans. They are complaining about the compounding interest tacked on the original borrowed amount. By graduation their loan balance is triple+++ what they actually borrowed. It's called usury, and it should be criminal.
@b.l.8611
@b.l.8611 5 лет назад
Kids need to be educated what debt is in elementary school. How to save money, how to have a bank account, etc. Borrowing to go to college is acceptable, as long as you have a long-term plan to pay back what you borrowed.
@gangatalishis
@gangatalishis 5 лет назад
its common sense is it not? the problem isnt they dont know what debt is, its that they are under the impression that once they get a job they will be able to pay it all back.
@ladhkay
@ladhkay 5 лет назад
Graduated with a stem degree with 25K debt. Got a job making 60 grand after graduating. Paid it off within a year. I lived within my means and cut back on spending and done. Simple. If you're not going into business/stem/medical degree, dont get a degree. A lot of ppl nowadays I've noticed are getting a degree just for that 'college' experience. I wasnt in a frat (not paying 1 grand every sem as dues, fk that) and my free time when left after all assignemnts was working in restaurants and retail. My other friends ppartied instead. All about priorities
@epatterson1504
@epatterson1504 5 лет назад
College is necessary if you have a specialty medicine, law , science & engineering. If you going for these degrees we’re you just take classes and you really don’t do anything, it’s on you!!! There are two types of people who go to college those that leave with a career and those who took classes.
@michaelmentality
@michaelmentality 4 года назад
your an idiot, there are other careers besides that. education, the mental health field etc.
@Avidjupiter
@Avidjupiter 3 года назад
I got a degree in psychology, just a bachelor's, and I got out with a solid middle-class income job. Its definitely possible in other fields but requires forethought, planning, and long-term goals. (This is hard for a newly graduated 18 year old to plan for!) Then again: I was also an older student.
@nathanielcarreon5634
@nathanielcarreon5634 5 лет назад
It is very unfortunate that these people were forced to get these student loans at gunpoint.
@hartindc
@hartindc 5 лет назад
LOL!!
@johnbagyan7727
@johnbagyan7727 5 лет назад
were they coerced into taking the loan? just curiouse
@whitejob14
@whitejob14 4 года назад
Interesting, I studied Mechanical Engineering, and NONE of my colleagues in the major can relate to this!
@TheCoca84
@TheCoca84 5 лет назад
I have student loan debt. I wish I would have thought of the repercussions when I accepted my student loans. The people in the financial aid office encourage you to accept the loans, giving you reason why, saying it's a good decision because it pays for itself really after you graduate. I am burdened by these loans everyday, it's depressing really.
@MB-ni4qy
@MB-ni4qy 4 года назад
How much? My student loans will be forgiven in 16 years thanks to student loan forgiveness. Don't be depressed. Student debt is the norm now
@meangreen6044
@meangreen6044 2 года назад
Yeah those SOBs got me too. I reported them to the dept of education but nothing was done. These schools get millions in scholarships but they they prefer to keep it and tell students to get loans instead
@mikeartillery6956
@mikeartillery6956 5 лет назад
Serve your country, and earn free college...$0 debt for my degree!
@spectrallines1695
@spectrallines1695 Год назад
its crazy how they let kids take out that much to finance a education. They dont have the life experience to understand the risks with borrowing.
@JordanDSapp
@JordanDSapp 5 лет назад
Stop the student loan program all together
@gtang31
@gtang31 5 лет назад
$53K for a BA??? No wonder she can't pay off her debts after college
@LindseyDara
@LindseyDara 5 лет назад
Thats actually pretty cheap compared to most schools
@chaist94
@chaist94 5 лет назад
Educated ain't the same as SMART.
@Calcifurr
@Calcifurr 5 лет назад
17,000 in school loans, working as a waitress, can’t find a good job with my BS.
@rackets7991
@rackets7991 5 лет назад
Her B.S. was all B.S.
@mostlypeaceful5621
@mostlypeaceful5621 5 лет назад
your own fault
@michaelmentality
@michaelmentality 4 года назад
phil b nursing school sucks and nursing sucks in general
@FitBaylorRob
@FitBaylorRob 4 года назад
I graduated with $70K in student loan debt...made sacrifices (moved in with parents, devoted full paychecks to paying loans back, and didn't spend money on things I didn't need) to pay them off in less than 4 years making less than $50K per year. Its feasible - if you are financially responsible and think long-term...
@thomasaquinas5262
@thomasaquinas5262 3 года назад
When I went to school, kids were allowed to work 1/2 the day, learning a trade, helping their families out, and getting wisdom about the world, jobs, and the need for college...if any. I just wish a lot of these nice kids, facing a crisis, had had that opportunity...
@Idiodyssey87
@Idiodyssey87 5 лет назад
The fact that people feel they need college to get a job is an indictment on how bad public K-12 schools are in this country. How can you spend 13 years in these institutions and have no marketable skills?
@janethockey9070
@janethockey9070 5 лет назад
Idiodyssey87 Marketing yourself
@adlerzwei
@adlerzwei 5 лет назад
Why go to college to study for a field that doesn't pay enough to pay off your college debt? It seems a lot of Americans just go to college because that's what your are supposed to do. 🤔
@eggnt799
@eggnt799 5 лет назад
yeah, that's what an entire generation of young people were told to do.
@CelonixCleaningServicesLLC
@CelonixCleaningServicesLLC 5 лет назад
Because pretty much everyone was scammed into borrowing money to go to college.
@federicolopez-casildojr1451
@federicolopez-casildojr1451 4 года назад
Ya'll need Dave Ramsey, get on that rice and beans.
@thesagesapprentice383
@thesagesapprentice383 4 года назад
They NEED to go to Dave Ramsey BEFORE they ever attend college. These college 'graduates' don't seem to be intelligent enough to know what 'asset' and 'liability' are.
@michaelmentality
@michaelmentality 4 года назад
The Sage's Apprentice you’re an idiot
@dane4073
@dane4073 5 лет назад
I got a job that pays 18 a hour. Without going to college
@SYDAirlineEnthusiast
@SYDAirlineEnthusiast 5 лет назад
I am guessing it must be security. Yeah, i have a friend who is 20 at a community college and he does security, though he started off at 16. Then, I have another one 22 at a state university who told me he started off at 20, but with a promotion, he gets 29 per hour.
@a.citizen7668
@a.citizen7668 5 лет назад
Be sure to save 40% of your income. Your problem will be when you lose your $18/hr. job.
@AC-qo8oq
@AC-qo8oq 5 лет назад
dane w that’s not a good paying job. It’s concerning.
@SYDAirlineEnthusiast
@SYDAirlineEnthusiast 5 лет назад
Yeah, it is tough. Just thinking about it gives me stress
@K24_ej1
@K24_ej1 5 лет назад
A C ... I know Biology majors who make $15/hr out of college. I’d say $18/hr isn’t horrible to start. With the available OT I was able to make $55k @ $18/hr base. So it all depends on what you choose to do. The fact that I had and still have no college degree and make as much as a starting engineer tells me that drive will take you a long way in certain industries.
@oscarjones9500
@oscarjones9500 5 лет назад
How can these kids be smart enough to get thru school..but not know how math works
@ToyotaGuy1971
@ToyotaGuy1971 5 лет назад
The only logical answer is their instruction has been sub-par, and they really AREN'T that smart. Bottom line: we need more male teachers, i think.
@ToyotaGuy1971
@ToyotaGuy1971 5 лет назад
@LegoGuy87 That's what I said.
@Vulcanraven27
@Vulcanraven27 5 лет назад
I took math in high school and community college, somehow I think these kids didn't pay attention in that class. When I looked at the earning power vs debt potential in my area of interest, I decided it was a bad deal and didn't take it. I work in a trade field now making $50,000 a year, and I don't owe anybody anything. Debt forgiveness can not be the answer. You will sow the seeds of deceit and greed into our society.
@davisholman8149
@davisholman8149 Год назад
When they spend student loan money on a spring break trip to Cancun with their friends - you wonder what they are thinking. The kids that end up with over $100,000 for a degree in social work are the ones who are in deep do-do. We need to STOP pushing college unless the degree is doable at a community college. My daughter got hers there - she does X-rays & CT scans at the Children’s Hospital & loves her job. Surgeons ask for her because she is so competent. I had to have a B.S. degree for my job (medical device sales) - but I make a six figure plus income so it paid off from the beginning of my career.
@graceevans6804
@graceevans6804 5 лет назад
Community college????
@petergriffin1387
@petergriffin1387 5 лет назад
I went on the GI Bill totally worth it and no debt but I had to embrace the suck for four years
@incyphe
@incyphe 5 лет назад
eliminate the federal guarantee.
@tonyproducer5582
@tonyproducer5582 5 лет назад
Or just fund them like they used to be
@JamesBond-uz2dm
@JamesBond-uz2dm 5 лет назад
End the government- college- banking complex.
@zbsishrth3734
@zbsishrth3734 5 лет назад
DON'T... I REPEAT... DON'T BORROW HUGE LOANS FOR USELESS DEGREES. That's the most sensible thing to do.
@maxpus1781
@maxpus1781 4 года назад
Congratulations you played yourself..🤦‍♂️
@KeepinItRealAllDay
@KeepinItRealAllDay 5 лет назад
So thankful that I did engineering and started making >100k a year right out of college.
@terriblelottery
@terriblelottery 5 лет назад
TheReelReal what type of engineering did you major in?
@salami8252
@salami8252 4 года назад
terriblelottery fr
@animerocks2468
@animerocks2468 4 года назад
@@terriblelottery Software engineering did the trick for me.
@CxDubxU
@CxDubxU 5 лет назад
I graduated a year ago and I am paid up on student loans for the next 2 years already. It all depends on which field you get your degree in. I got one in a field where demand for employment far outreaches the supply of potential workers, and I got a pretty decent starting salary because of that
@janethockey9070
@janethockey9070 5 лет назад
Arrhenius Which major?
@CxDubxU
@CxDubxU 5 лет назад
@@janethockey9070 Materials Science and Engineering
@tatialo37
@tatialo37 5 лет назад
In Puerto Rico the university is waaaay cheap and accredited!!! A year can cost about 5k! College is overrated btw!
@eb1247
@eb1247 4 года назад
I'm glad I paid cash to go to community college...
@groob33
@groob33 5 лет назад
You wanted something, you took out a loan to get it and now you have to pay it back. What's the problem? Buyer's remorse? OK. How is that any different from someone racking up 10's of thousands of dollars on their credit card and then crying about all their debt? Sick of these people whining about their student loan debt.
@-.-_123
@-.-_123 5 лет назад
I didnt attend college and was still able to land a great job. Im so thankful that I didnt cave to the pressure of going to a four year college. People called me a slacker for it.
@Breewilly
@Breewilly 5 лет назад
Totally understand!!! They will attack you for not going!
@Chelseyandfam
@Chelseyandfam 4 года назад
I can speak from experience as someone who graduated with significant student loan debt in 2008 (about the same amount as the girl in the story) at the beginning of the recession and it will suffocate you. I struggled to find a job and took a less than stellar position to simply have a paycheck and benefits. But then I started hustling. I didn’t shop. I didn’t go on vacation. I worked a second job waiting tables. My husband and I got married and had babies after 2010. We bought a house. The trick is this: buckle down and work hard. Put as much toward the debt as you can. Don’t be too good for any job. 11 years later I’ve paid them off. No windfall or lottery winning or distant uncle left me his fortune. I just did it. You can too. 53k sounds like a lot but if your working hard and being smart you can get them paid in 5-10 years.
@joeschlotthauer840
@joeschlotthauer840 5 лет назад
Quit giving away athletic scholarships and learn to get your hands dirty. Learn to weld, be a auto/truck technician, plumber or electrician. 4 year college students don't know what they're signing up for.... Classic case of not asking what something will cost you, but buying a "payment". *NOPE* let's not reward poor decisions and bad behavior....
@amandafevrier2638
@amandafevrier2638 5 лет назад
Yup it's a waste of time
@ellusivechicken5709
@ellusivechicken5709 5 лет назад
That's what I'm doing.
@Chopsuey087
@Chopsuey087 5 лет назад
I agree. I make 80k a year as an automation technician. Went to community college for electronics and electrical technology.
@luismarquez7917
@luismarquez7917 5 лет назад
I have 5 kids. They all went to college. One got her doctorate; none of them are in debt and neither are we..... You figure😒
@maxangeles6279
@maxangeles6279 Год назад
why did they borrow the money in the first place???????????????? so irresponsible!!
@user-td7xf3gz4l
@user-td7xf3gz4l 5 лет назад
These people make bad choices. Sorry but it's your own fault
@alexisjankowski3281
@alexisjankowski3281 5 лет назад
JJ Everyone talks about the price of tuition. It was willing blindness.
@a.citizen7668
@a.citizen7668 5 лет назад
The greater the risk, the greater the reward. Unfortunately you could be born at the wrong time in history or just experience bad luck such as a down economy when you get your degree.
@CelonixCleaningServicesLLC
@CelonixCleaningServicesLLC 5 лет назад
Most people were manipulated into thinking it was safe to borrow money and go to college. College and student loans are a scam. The US economy will eventually crash if the debts aren’t forgiven. I don’t mind watching the us economy crash.
@edwink1467
@edwink1467 4 года назад
A. Citizen Sure colleges are a lot more expensive today than they were a few decades ago. However, she still made a terrible choice to attend Texas A&M knowing she needed to borrow a large amount of money. The amount of financial aid she was eligible for was listed clearly in the financial aid package before she made the choice to attend - there shouldn’t be any surprises. I don’t know what she majored in, but it appears to be a BA degree, so the earning potential really isn’t that high unless it’s one of the top 10 or 15 schools and she goes into a well paying field (at least for a few years to pay off the loan) like finance or consulting. That said, Texas A&M is still a very good school, especially in Texas, so I think she will be fine finding decent paying jobs in the future.
@80sruler
@80sruler 5 лет назад
I’m playing a small violin 🎻. 25 and can’t buy a house - geez how many that age can ? Grow up
@deeznutz5844
@deeznutz5844 5 лет назад
I bought my first house at 24. Education is not a scam but college is. The government needs to step in, and guarantee student loans up to a certain amount. Colleges are getting away with raising tuition prices every year, because the government guarantees them.
@kennethobando5755
@kennethobando5755 5 лет назад
Plenty of people, if if you dont go to 4 year college and get a trades job you have an extra two years to work. Most good mechanics, electricians,plumbers,linesmen,carpenters make at $25 an hour if you save well in a year or two you can easily buy a house (if living in the south.)
@shyone968
@shyone968 5 лет назад
Instead of borrowing money for college, go to a college you can afford. Or serve in the military for four years. They will help you save. Don't borrow if you cannot pay it back. They need to learn this in high school or in the home. What are they learning? Stop letting foreign students in our universities and prices will have to come down. Federal government can cap tuition. But the bottom line is you made the debt you pay it off. That is how the real world works.
@brendaechols2228
@brendaechols2228 4 года назад
I hear Dave Ramsey saying WELL THATS STUPID! LOL
@xwrtk
@xwrtk 3 года назад
What you major in doesn’t always matter with loans. I know people from all different who experienced loan debt. One of the reasons was parents not saving for college. I also have friend who works at a bank in big college town.
@addamsapple1233
@addamsapple1233 5 лет назад
I’m a college student, blessed to come out debt free, a lot of people I see with debt have majors that have won’t get them jobs like gender studies and stuff like that. You need to get a major that will give u a good return on the risk of going to college
@lancelovecraft5791
@lancelovecraft5791 5 лет назад
Her dream job was registering voters in Colorado. She went to Texas A&M and got a Bachelor of Arts in liberal arts. Then she wanted to get married, buy a house, and start a family. Not a good plan. Not a good plan.
@af1023
@af1023 5 лет назад
This should focus on poor decision making. This young woman graduated from a school that has a strong reputation for excellent job recruitment. The fact that her first job choice was a very poor choice is not emphasized.
@davidellis5141
@davidellis5141 5 лет назад
They " Borrowed " it , pay it back !
@dulynoted2427
@dulynoted2427 5 лет назад
That is an absurd amount of money for any kid to pay for schooling.
@Callmeromain2016
@Callmeromain2016 5 лет назад
You knew what you signed up for. If you don't like it, don't borrow money@@dulynoted2427
@Doors067
@Doors067 5 лет назад
i paid back 20k feels good to not be a burden to taxpayers like these kids who will default, but if the next president forgives loans ill admit i made a huge mistake
@ifeawosika966
@ifeawosika966 5 лет назад
The issue is compoinding interest that literally makes it feel impossible to make any headway on those dam loans
@Doors067
@Doors067 5 лет назад
Ife Awosika pay off as much as possible during the grace period
@breaa5933
@breaa5933 5 лет назад
I’m 22 years old and about to finish community college with an associates of science. I paid for school myself. Because I make too much for fafsa. Which is firm, it was honestly easy to do. I was going to go to a four year but knew I’d needed loans, I researched a ton and I’ve decided nope! I’m gonna stick with my two year degree. Not worth the debt. Especially considering I already make $42k a year at a job I’ve worked since graduating high school and yeah it’s boring but it pays so well and I have great benefits! It’s the type of job I know will look good on future resumes if my growth at this company stops. It’s funny because I make more than most of my friends with college degrees, and they also have loan payments. So even if they make more than me in a few years, we’ll be living the same because they’ll be paying those damn loans every month. It’s a joke! You don’t need a degree to be successful. Find a trade OR just really apply yourself in office settings and learn specific fields. I’m involved in logistical management and I know I can keep growing this way. Most of my coworkers making upwards of $100k a year don’t have degrees.
@michaelmentality
@michaelmentality 4 года назад
you’re an idiot. trades aren’t for everyone and just because you make that where you are at doesn’t mean everyone else will. college degrees open doors
@Starhopper6
@Starhopper6 5 лет назад
Makes me feel a little better about dropping out
@RallyGal94
@RallyGal94 5 лет назад
A lot of people are in college who shouldnt be which makes it cost more for those who should. Universities should raise their standards because much of the debt is from individuals who never even graduated. Universities should also be held more accountable for their spending.
@JUGGERNAUT____
@JUGGERNAUT____ 5 лет назад
Stop going for gender studies and art classes. Problem solved.
@rayt5520
@rayt5520 5 лет назад
I have a lot of friends with English literature and arts, television and humanities all worthless might aswell go to schools in the SEC and get a degree in hogcalling or leather crafts.
@veil6666
@veil6666 4 года назад
Lol you would rather live in a bland society without culture. Literature and arts are important for everyone.
@matthewkopp2391
@matthewkopp2391 4 года назад
Gabriel Castaneda Not really. I did get an arts degree, actually 2 arts degrees. I have a disability it is difficult to keep up payments with my disability. I have also ran two businesses selling design and antiques. When my disability issues kicked in I liquidated my last business. I don't receive SSDI. I have skills in photoshop, motion graphics, final cut, product design, acting, playwrighting, filmmaking, printmaking, graphic design and have earned income in all of those areas over the years. Many of my peers are very financially successful. In fact one of my teachers Audrey Niffenegger signed a one million dollar book contract and a one million dollar screen rights contract while I was attending. At that school I had 100% of my tuition paid. But I am like many paying back my undergrad loans which have ballooned after the recession. I graduated in 2008, and struggling with a disability. There is a problem with art schools not preparing students with enough entrepreneurial and business skills. Which is necessary for success as an artist or designer. But art education is not itself the problem. But really, everything you see on the internet, all the motion graphics, all the advertisements, all the products at crate and barrel, television and movies etc. are actually DESIGNED by people with art, film, design and architecture degrees. Art and design are a huge part of the US economy. In Great Britain art, design and cultural production is one of the largest sectors in their economy. It is absolutely absurd when I hear people say it is a useless degree.
@superjoshi6654
@superjoshi6654 4 года назад
@@veil6666 how many singers dancers actors painters have arts degree? None...
@larissawhitt9922
@larissawhitt9922 5 лет назад
I’m 28 and I have $40k in debt. Recently married and because were married it now shows us having “more income” which means the government takes more money for our loans when really we have almost $100k in student loan debt together. We can’t even get a house with this kind of debt. It’s the biggest stressor for us. It worries me to think we will never be able to pay them off.
@larissawhitt9922
@larissawhitt9922 5 лет назад
Johnny Tramain well that’s not accurate. Even with every single monthly payment you can’t even cover the costs of the interest alone. Pretty much giving the loan companies free money that doesn’t even go towards our debt. There were many discussions had on our finances before our wedding. Didn’t take on any debt for our wedding and have all debt paid for except the student loans and car notes. We’ve sat down and tried to tackle how to get rid of student loans before we retire. If you’ve never had a student loan you wouldn’t really know the types of issues that come with them and what they don’t tell you prior to college. A lot of people start with student loans while still under their parents. My parents knew nothing about them and just assumed right out of college I would have this amazing paying job. Nope. That didn’t happen for about 4 years AFTER college. College didn’t even get me where I’m at today. If I knew back then what I know now, guess what? I wouldn’t have gone to college.
@jasontaylor8283
@jasontaylor8283 5 лет назад
went to college, racked up 50k in debt, then got a job that requires zero education...makes sense
@cmscms123456
@cmscms123456 5 лет назад
After the Air Force, I worked full time supporting myself, and went to Community College 4 nights a week, year around for 3 years. I got my AA/AS degree. My pay went from $8 per hour to $22 per hour.. NEARLY TRIPLED MY PAY on a Community College degree, >>> ZERO DEBT
@glennwatson3313
@glennwatson3313 5 лет назад
Are we supposed to feel bad for these people?
@v7w37
@v7w37 5 лет назад
1:07 "Liberal Arts"
@bigbake132
@bigbake132 5 лет назад
Look on the left hand side and it says Political Science, that's her actual major
@bigbake132
@bigbake132 5 лет назад
@Johnny Tramain Not defending her, just pointing out the correct major.
@drewhunkins7192
@drewhunkins7192 Год назад
Massive SL debt will ruin your life. You will never own a home, never have children, and suitable marriage mates will reject bc of your massive debt. Better to have done a stint in prison. You will pay for life for a mistake you made when you were 16 yo to 24 yo. For many, sui cide will be the only way out. I'm a 52 yo Gen Xer, I know from experience, I graduated with my masters in 1996 and was immediately in the hole $70K. It's now ballooned to $130K (interest).
@nickcoon1995
@nickcoon1995 5 лет назад
I’m graduating in 10 days with around $20,000 in debt. Yeah it sucks, but going to college prepares you for a career. College isn’t for everyone, but it is true almost every college graduate will make more money in their lifetime than high school graduates, so there is a price for that success. Looking forward, College needs to be more affordable in the future especially as normal jobs such as truck driving and cashiers will become more scarce due to AI.
@ellusivechicken5709
@ellusivechicken5709 5 лет назад
Tell that to people in trade schools that get paid up to $30+/hour sometimes. Tuition is about $1,000 a trimester for a year class. NO DEBT, GREAT JOBS!
@janethockey9070
@janethockey9070 5 лет назад
Work landscaping on the side you'll be fine.
@xr.5170
@xr.5170 5 лет назад
College is a scam. I don't have a degree and I make really good amount of money :)
@malissafarrish
@malissafarrish 5 лет назад
xander Rivas write a book
@xr.5170
@xr.5170 5 лет назад
@@malissafarrish okay
@janethockey9070
@janethockey9070 5 лет назад
What field?
@malissafarrish
@malissafarrish 5 лет назад
What I mean is that more people need to know it’s possible. Your story could empower someone.
@Tyler-wz9vb
@Tyler-wz9vb 4 года назад
What field
@harrychu650
@harrychu650 5 лет назад
These were legally competent adults who entered into a loan agreement under their free will. No taxpayer money should be used to pay for these personal decisions.
@dfpolitowski2
@dfpolitowski2 5 лет назад
"Legally competent" how is someone competent? Legally? I thought someone is either competent or incompetent? I heard of a legal adult but that's all. No Harry, the right way to view this is through eyes of compassion. Knowing that what we have here are young minds whos concerns are with things and ideas that accompany being young. ie romance, sports, fun times, the weekend, new friends and things and yes a dream to become someone someday. Turning 17 to 18 does not magically bring with it the wisdom needed for adulthood. What we do have here are essentially predatory lending practices. Done by banks and businesses who are definitely adult. Not far from what a drug pusher is all about, a con-artist. More fault, is in our government than any where else. If they were competent, "wise" is a better term, perhaps the young students would not have signed on to these loans.
@harrychu650
@harrychu650 5 лет назад
@@dfpolitowski2 In American Law, competency is determined by a few factors. These usually come up with the elderly (e.g. changed will) or a minor who cannot legally inherit or sign a contract. A contract signed by a minor or elderly person who is not legally competent cannot be enforced. If you feel that 18 year olds should not be held legally accountable for their legal obligations, then perhaps our society should disallow them from entering into contracts. I believe we are move in this direction already with raisimg the drinking and smoking ages. Else, they are like the rest of us who can and do make the occasional bad decision. Moreover, the banks no longer do college loans. This is now exclusively done by government entities. I am sure you would agree that an individual who cannot be held to their obligations should not be entering into legal agreements. Perhaps they should required an adult to act as a surety. Or do you feel their parents also lack the wisdom to enter into these loans?
@harrychu650
@harrychu650 5 лет назад
@Jamaican Voodoo Posse I have to agree with you. The issue is the availability of loans is the cause of the outrageous tuitions rises. It allowed the Universities to charge upwards of $75k /year. Thus, all you are proposing is supporting the out of control spending at Universities and making college administrators wealthy. Look up how much a provost makes. It will shock you.
@dfpolitowski2
@dfpolitowski2 5 лет назад
@@harrychu650 You have a good point there. Yes, I think that would be a good Idea to have loans only for older more mature people. Like over thirty, your can think of me as extreme or not but If I had it my own way, I'd do away with all personal consumer loans and that includes credit cards for all at any age. Its just simply not needed. And look at all the trouble its caused.
@harrychu650
@harrychu650 5 лет назад
@Jamaican Voodoo Posse Yet the President of NYU gets paid $2.5m only because of the endless supply of kids with Fed Loan money. But for that government loan money they could not pay themselves these amounts. I cannot support any solution that doesn't address the cost side of this problem. College administrators have gotten rich over the current system.
@USNavyVet_STG
@USNavyVet_STG 2 года назад
Where were the adults in her life? Why didn't someone stop this train wreck before she went head-on into it? I feel terrible for her.
@JTDyer21
@JTDyer21 2 года назад
Debt for diploma is a scam.
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