The Only Program That Will Get You out of Student Loan Debt 

Some days Dave is just over it and you can tell. I mean the guys said "I consider myself debt free because I don't count my mortgage and student loans".

I’ve never really had any debt to speak of but I listen to Dave because I love his energy and mindset

Same with public service.

Both are paid by the taxpayers though lol. One just puts you on the front lines (you pay with your life).

Paid to protect people like you… keyboard warriors.

@@joysilas4724 There are people that can do military things remotely, while being in the military. Would you consider them drone warriors?

How did you do it man did you do a like forgiveness program

Kinda hard for people who only make 30-50 in a year

@@RustyShacklefarddI wasn't making a heck of a lot more than that at the time, either. But I did work on the side to push the goal up.

I believe the problem with most it’s hard for them to sacrifice for becoming debt free. I believe if ppl would just give up all things the eye sees and wants and stick to the plan ppl would not have debt. I fight hard to stay outta debt by only buying what I can afford and making every dollar count. I only buy things I need when they go on sale and hardly buy anything unless it’s in the budget. It takes commitment but the peace you can gain for not being stressed out about money is worth the sacrifice.

Or work for a nonprofit and have them pay it off

you missed 1a: get indoctrinated, and modify 2: have someone else pay it is that not the democratic way now?

Yep, plain and simple!

@@onmywayup94 Then you are chained to a lower paid position for 10 years

@@onmywayup94 ...if the nonprofit pays as well as private sector.

You spend all your college years specializing on something. You would be lucky enough to also add time for a finance minor. Seems like it would be worth it though.

Some people go to college to become a communist dog walker that knows 72 genders ! Lol !

They don't bother teaching finance in college unless you specifically major in Finance or s similar field. I would say the majority of Americans, including college graduates, have no idea how to manage money.

Education =/ Intelligence

Tell it to the politicians who've racked up our multi-trillion-dollar National Debt. There are lots of college degrees among them.

Who are u to laugh at anyone ? Life happens

@@1snakemanvrod The caller had the ability to pay back the loan many times over. He makes 90k a year, and was wanting the government to forgive the loan.

@@1snakemanvrodhe makes what both me and my wife make per year I put away 1,400 a month so no at all

The fear is real lol

assuming your not on an income program. those are the predatory part. they set your payment bellow the charged interest addition.

Making everyone have an interest rate determined by congress is absolutely predatory!

@@HospitalLocksmith The current program does not let the balance increase even on an income based repayment, ie loan balance does not go up.

@@HospitalLocksmith SAVE program doesn't accrue interest beyond minimum payment

they set the min far below what interest is so even if you would pay more then the min you will still accure more interest then is compunded so yes its in fact predatory

And then, he will suddenly have all this extra money in his bank account each month! Funny how things work.

“Let’s put the side by side on the trailer and pull it behind the 2500 on down to moab”

In 1980, My first job was $100K/yr, I have the finest education that money CAN'T buy. It was Free, an alumnus offered to pay. My mother told All us kids, America is the greatest country because, Anyone who wants a college education can get one for Free. All the Kids have FREE college educations.

@@aolvaar8792damn 100k in 1980. What profession were you in

So you'll have enough money to pay for your son's education? Good!

@@Vazcov1609 we have a college fund started for him, yes. I am not sure if it will be enough to cover everything though, which is why he will work summer jobs (and possibly after school jobs) throughout high school, make good grades for scholarship purposes, fill out any and all scholarships available to him, and work through university to pay for whatever the difference may be. He can also live with us to avoid dorm room costs, etc. I will do whatever necessary to make sure he succeeds in life, and part of that includes no debt.

@@Vazcov1609 we will pay what we can. We do have a college fund. He will also need to work in high school and work hard to earn scholarships. Setting him up for success means setting him up to work through school with no debt.

Exactly. People just need a Clu

I’ve been paying mine for 9 years. If I could go back, I would either drop out, or work 3 jobs to pay it as I went.

I worked 2 jobs throughout college, and never paid for a semester unless I could do it upfront. I never had student loan debt...it was hard for several years, and I graduated a year later than others, but it put me much farther ahead of my peers once I did graduate. If it takes you more than 5 years to pay them off with Gazelle intensity, then they aren't worth it.

In general, I've think about 4-5 years of living very small, working hard, and paying off aggressively.

I wouldn't have gone for my doctorate- would of stopped at my masters, because the little extra I get is not worth the time (5-6 years) or the investment/loan (50,000).

Interesting. I think the same thing with business owners who declare bankruptcy and want to pay pennies on the dollar or nothing. If I had my way I would make business bankruptcy much, much harder. There would be no LLCs. In fact when a business owner uses the government and courts to get our of paying their debt, you don't even want to know the dark thoughts I have to deal with that person!

Yes, but let's apply it to everyone, not just people with student loan debt. I, as a taxpayer, should NOT have to pay for anyone's crap life choices. Be and adult and take care of your responsibilities. No more social security! No more Medicare! No more welfare! No more unemployment! You're life, your health, your children, your decisions, your responsibility.

For some, yes. But if this guy doesn't immediately qualify, it isn't worth him getting a job that qualifies him. It's $20k and he's had it for 19 years...

The Biden Administration has been effective in administering the PSLF. If you are committed to public service, it IS an option. PS I paid every dime of my loan at 9% in the early 90s.

@@emoney1231 I agree. Responding to the video title.

@@silentcoconut Gotcha 👍

I got 140,000 forgiven, it works if you follow the rules.

Well, when it comes to public student loans, yes. Forgiveness of those falls onto the taxpayer.

Lol kinda like he did in the 80s 😂

Statute of limitations.

@dberry201 Are you insane? That's not paying off the mortgage, it's just moving the mortgage debt to a personal loan.

Why go through that process just to have the same amount of money on a different loan? Just pay off your mortgage as it is.

@@sdgarrison He probably got that idea from watching some "infinity/velocity banking" videos. Possibly from that Vann woman, she has a bunch of the same nonsensical scheme videos. Those idiots think that shuffling money around between loans somehow creates money out of thin air.

Just pay off the mortgage. It's not rocket science!!

Look at the interest of your mortgage and look at the interest of the personal loan. You are shifting the same amount of money. More interest = more money you have to pay.

Ehh.

I’ve paid my way through undergrad and masters but all this forgiveness stuff makes it feel like a slap in the face. The left needs to quit entertaining all of this.

I hate the mentality. Forgiveness should have never been an actual thought in the minds of those running the country. I’m sure there’s now even more people irresponsible people because of it.

I do too, but I still remember 20 years ago how schools encouraged me by making it seem like it was so simple. Take out a loan, then you will get a degree and make so much money, and then just pay it back. I got accepted to a great college, but it was very expensive and I flunked out my first year. That was actually a great thing that happened. My parents set me straight and made me go to a much cheaper, but still accredited community college. I ended up tutoring there and they covered 50% of my costs and when I graduated, my first company only cared that I had a degree. I was able to pay back the loans within 3 years. My best friend graduated from that other college I flunked out of, and he just showed me his loan balance statement of $122K still remaining a few weeks ago. For his sake, I was rooting for him to still get some kind of support, but I realize that meant putting the burden on myself and everyone else who paid off their loans. The system is truly a messed up one.

@@ronnie5151 What's next? People go out and buy a new Tesla and expect their car note to be forgiven?

@@gene_takovic57 exactly my point. The only reason people don’t pay their student loans is because it cannot be repossessed. I know people that went to school for free from fafsa and still took out student loans and bought a car with it. It’s bad politics.

The taxpayers ought to stop handing out these loans like candy if they don't want to eat the losses. On what planet doesn't the lender have risks? Tax funded loans = taxpayer losses, kiddo. Make better choices at the polls if you want to fix the real problem.

People are not moral because if they were, we would not be living in a Capitalistic society, we would be living in a socialistic one.

The same ones who take out loans, then use bankruptcy laws to get out of paying them back. Neither is any better than the other.

@@steelcastle5616 I submit its worse. With bankruptcy, the creditors assess the risk and extend credit- sometime they lose, but by and large the taxpayer doesn't take the hit, the creditor does.

@@James_Hough The "creditor" isn't a taxpayer? And the government-backed student loan program has been assessed/risk accepted for the overall program. Thank the US government for accepting on our behalf.

@@steelcastle5616 With bankruptcy, the creditor is usually NOT the taxpayer. In that case, the taxpayer does not pay the loan back to the person that lent their money. The person that that lent the money simply does not get paid back at all. The taxpayer pays nothing.

Did the caller state that he is in public service?

Yup. He just needs your vote one more time 😂

You mean forgiveness from the taxpayer, not the government. HARD NO, you take out a loan YOU pay for the loan.

Bitcoin remains a joke.

Your mom's a joke​@@amireallythatgrumpy6508

@@amireallythatgrumpy6508 your m0m's s a joke

I don’t think he said that.

YEAH