We Have $400,000 In Student Loans! 

She didn't spend it on school. She spent it on living on campus, campus food, probably a new car, etc. Knew a lot of people who took out way extra and just didn't work and spent it all. She didn't make a bad school decision - she made a bad everything decision.

This show always makes me feel so good about myself

Had the same debt. No life and just worked 3 jobs. They can do it too My co-worker said I was out of my mind, but now I'm just out of student loan and consumer debt.

Two kinds of calls on this show: 1) Hi Dave, we’re $400k deep in student loan debt and we make $35k/year. Can we buy a $150k RV to go along with the $500k house we just took a mortgage out on? 😅 2) Hi Dave, we make $700k/year. Can we afford the guac when we go to Chipotle? 😂

She put everything on student loans, Car, food, housing. Best of luck.

I graduated with a $5,000 student loan in 2001 and remember feeling worried about it.

I retired early at 61 as a maintenance supervisor. I got an associate degree at the local community college. My employer paid for the credit hours as long as i maintained a 3.0 gpa. I left school with no debt and my income was 100K per year. If someone is willing to work in the trades, a good honest comfortable living can be made. Retired early, no debt. Thanks be to God!

I worked for a PT recruitment company and we went to one of the expensive colleges in Wisconsin to do mock interviews for the students. I can’t tell you how many sat there and cried because of their pending loans.

Forget the wedding, Just elope

I make over $72k as a high school custodian. 🤦🏻‍♂️ No college necessary. $300k in student loans is insane.

This girl's degree didn't cost $300,000. He said she went to a state school up in Pennsylvania and he is calling from Asheville, North Carolina. My assuption. She went to Penn State (which does have a good PT program) got absorbed into the culture of Happy Valley and at least half of the money went into that. Plus if she is from NC, then tack on out of state tuition. Personally, I would NOT get married until he graduates and this mess is cleaned up. If she takes cleaning it up seriously, he can help but NOT be bound to the debt. If she starts in on "new car", "new house", "newest phone" and etc., then he is not trapped into this disaster. I know I"ve gotten cynical in my older years (56) but part of me would question how much is she actually in love and how much is she wants help on this debt. Maybe consider a prenup as well stating if they divorce within five years of the debt being paid off, he is entitled to part or all of what he put into paying it off back. Caller, SERIOUSLY think about what you're doing before walking down the aisle.

Ramsey forgot that the $150K is taxed, and the debt has interest. They are probably looking at 10 years not 4 to pay it off. That’s my rough numbers! Good luck. My advice: Stay out of debt. Don’t do stupid degrees!

Don’t have kids before you get out of this debt…. It’ll just make life more stressful..

With student loan payments resuming, we’re about to start getting this calls again

One thing I learned from Dave is not matter what job you have, the ER always has overtime pay for you.

We are all Dave but I will never understand him co-signing on huge weddings when they’re on BS2. We got married in my MIL backyard for less than $1000 TOTAL. Exact number was $728. That’s decorations, my dress, my husbands outfit, & the arch he made. Total of 18 guests & a reception hall for $100 for 4 hours & catered burgers/fries. It was the best day of my life. I couldn’t imagine even a 5k wedding, it was exactly what we wanted. So intimate. So us. No flexing for anyone. No Photo Booth for our guests. We still hear how beautiful it was to watch us get married in that backyard. I recommend every couple do that & throw what you would have spent at debt or to your house!

Run, Forrest, run! This woman is insane. She went $300,000 into debt for a $75,000 job.

First of all I would never spend $30,000 on a wedding! Go to a court house or do something more simple and then go on with your life! That's just me! That kind of money would make a good down payment on their debt or a house!

4 years is not realistic. What about taxes? What about housing? What about food? 8-10 year’s minimum

I work at a big tech company and I went to the cheapest school for software engineering I could find and i work the same job as my coworkers who went to some of the best schools in the country.

Dave is the reason I finally started paying off debt! So far I’ve paid off 8K! Only 100K left to go! 😅

I am actually just really upset at this call. She's on -$300k, he's on -$80k and only half way through his degree. It's a bleak situation. I don't believe teenagers have the brain capacity to take out such loans. Society failed these people.

400k in student loans and still willing 😢😂to pay 20k for wedding!

As a physical therapist currently making 115k in NYC with side hustles and paying off 150k, 125k since meeting Dave and 75K during Covid alone it can be done. Sacrifice and hard work can really get you further then you think. I hope they buckle down.

Feeling good about my 75k shovel and 28k hole

Current Doctor of Physical Therapy here! These numbers don't make sense. Physical Therapy School is about $60-100k and you can expect to make around $70-90k annually working full time depending on your setting. Good luck paying $400k loans off! Travel job pays a lot more, closer to $120-140k if you really do your research and negotiate a lot.

These videos motivate me so much. I’ve been paying thousands towards my car loan and once that’s paid off I can tackle my student loan and that’s the only debt I have left. I’ve been picking up overtime and cutting back spending, following budget groups on Facebook, watching budget videos on RU-vid and not watching people on Instagram and getting FOMO 😅 I’m hyper focused on my financial goals and become debt free.

Why don't they get married at the courthouse and save the wedding money? The fact that they are going to spend tens of thousands of dollars on a stupid wedding means they are not serious people.

As a physical therapist who makes 110k a year (big outlier) I always say one thing to people who ask me if they should go into physical therapy… My answer is always HELL NO. It is not worth the cost for the degree AT ALL.

They both need to work in the public sector for 10 years and never defer their loan payments and to work as much overtime as possible. Poor things, took out MD loans to become PT.😢😢

I am a physical therapist. I graduated in 2020 and I’m out of debt now. I was nowhere near the amount of money that this collar has. However, I do not recommend going to get physical therapy degree if you’re going to get out with this much debt whatsoever.

I graduated PT school four years ago with 167k in debt. Officially debt free as of July. Could have got it done sooner if I had caught fire earlier, so it can be done. Tons of PRN jobs with high pay rates because so many people have left the field. It's hard to explain to a non-physical therapist, but what these schools do to you, say to you, hide from you during your course work is insane.

Listening to Dave Ramsey keeps me motivated to steward my finances well and pay off my debt. And when I hear these types of numbers for student loans, I definitely feel like paying mine off quickly is attainable!

Two things will happen: 1) She going to want her loan paid off first. 2) She’s still want to go on vacations, get credit card and want a house. He shouldn’t get married with 400K debt!

As soon as you get married, she’s going to expect a new house, car, and a baby. Once she has a baby, she’ll be wanting to become a stay at home mom. RUN. RUN AS FAST AS YOU CAN.

I began my investment journey at the age of 33, primarily through hard work and dedication. I am to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity..

I’d definitely only want to get married after this debt is gone. I will not marry someone who’s in so much debt and make it my own.

I do not understand the physical therapist track. Most PT jobs are seeking doctorate level education in my area. 7-8 years of college education to make less than 100k?? You can get a 2 year nursing degree and make what these guys are making.

Why do people have a phobia of going to community college and transferring??

These two get along well. Love Dave and Jade as hosts.

Run away man. This woman obviously does not understand money and is irresponsible. There are so many better women.

1:10 _"She spend $300k on a PT degree!?!? Why???"_ Cause she knew someone would pay for it later...

Run dude Run !

Some people take out student loans to pay their living expenses (rent, food, car, etc)

these kind of calls makes me feel better

Just watching this can make you ten times wiser financially by learning from others. This man's got the right idea seeking out help

My wife graduated 10 years ago when it first became a DPT program. Cost about $50,000 total and we took out loans for $30,000. Paid it off in 5 years. But the cost of the degree has way outpaced the starting salary.

PT in the ER. Maybe delivering door dash.

After taxes on $150, it’s $112, then spending $50 it’s $62, that’s at least 6.5 years (not taking interest into account, so really longer).

I work in a similar field, but I got my degree when the entry-level was just a bachelor's degree and done in 4 years. Entry-level now requires a doctorate with all these loans! The problem is degree inflation. Why require a doctorate for a profession that was competent with a Bachelor's degree?

This guy can avoid all of her debt and mess by not getting married. There is zero accountability on her part for going $300k into debt for a PT degree, which they just glossed over. Her only plan is to have him pay for more than half her debt.

Does Dave understand that massive amounts of income are taken out for taxes? lol. 😂

And I guarantee you she’s also planning to have kids and be a stay at home mom at some point, so her loans will become YOUR loans man. YOU will be responsible for her loans, plus all other bills that you will be expected to pay as a bread winner. Unpopular opinion: Consider student loan debt before getting married, specially with women with high levels of student loan debt.

Anytime I see student loans I click

When dating in college ask how one another is paying for tuition before you invest in that relationship

Can’t believe Dave let the wedding costs go given their debt. He probably just internally gave up on them and figured they should have a short reprieve of happiness before the crushing debt hits.

Wasn't there a repayment plan BEFORE taking out the loans? You need to plan that out just like you plan anything else. This debt should not be a surprise. It's just a lack of planning that's catching up with them.

She needs to be soon to be ex fiancee. Lol

He said that he graduates in 2 years… that would be the time for her to travel and work 24/7. And have a part time job helping people in their homes. He gets a part time or full time job while in finishing school.

Why doesn't income tax exist in ramsey world ? 150k is only 100k a year post taxes best case scenario.

I make 75K and I have an associates degree, I can’t imagine paying 300K for a degree and make what I make.

I dropped out of college because after 4 years of changing my major like 3 times my parents didn’t want to finance the cost anymore and I didn’t want the debt… I got a job working for a medium sized business as a QA Lab tech and my current pay is actually ABOUT THE SAME as an average college graduate with a BS/BA in biology…. I want to go back to school but only after I complete my FIRE retirement plan… I already payed off my house before I became 40… So technically speaking, my finances is equivalent to a “normie” pharmacist/veterinarian/PA or NP (pays for mortgage/rent, student loans). What I leaned was that it’s not about how much you make, ITS HOW MUCH YOU GET TO KEEP that actually matters as far as finances. My USDA friend who has only a HS education did FIRE with 10 properties and he has a bigger networth than most of his bosses (USDA veterinarians), he has retired now and travels the world.

He is fine. He has 78k student loans, but he has to get rid of the broke h0 fiance. Women and PTs are not good at money and simple maths. I would RUN! I went to a cheap community college instead. I make 150k annually.

LOL "We" ... haven't watched yet but I sense a chump that will foot the bill for "her" debt... before the divorce, of course.

$400k for Physical therapy degree?! They're gonna be eating ramen noodles until 2028

"Lean into the suck." Yeah, there better be a lot of that with how much debt she's bringing with her 🤣

How am I the only one that questions whether this young man should get married to this woman? He’s setting himself up to take on half of her debt if she ever files for divorce.

I would put the wedding on hold for at least a year, just to see how serious my spouse is about going at this debt.....with action.

You spent 300k for the mailman to make more than you

You can't marry this woman.

I know a doctor that got almost a 550k student loan. But got a good deal with federal that you work for 10 years at the hospital, your loan will be completely wiped out at the 10 year marked, and just minimum monthly payment for 10 years. The bonus is that covid hit and in the last 3 years, there was no need to pay for student loan and the loan forgiveness deadline is still the same.

Hate to say- PT school is a joke. You are taking on the same debt as Medical school, then make a quarter of the pay.

I chose NOT to marry a broke woman with ample prospects. Trophy please.

Im a PT that quit new grad job because I discovered dave ramsey. I paid off 100k in 5 years because i did 2 years of travel PT and then went crazy on the debt. 300k is wayyyyy too much for the amount of money we make. 😂 they're gonna need a floatie cuz theyll be swimming in the ocean for a while 😅. Wait until they call in 3 years that they bought a house with that debt. I've worked with other therapists that live like this. I could NEVER

I'm so glad we went gazelle intense for a long long 56 months, paid off all our consumer debt and mortgage. We cannot look back at that time of misery and not praise The Lord that we did it and now at Baby Step 7 have so much less stress in our lives. And because it was so bad, we would never put ourselves in the position of losing control over our finances ever again. Sometimes hard lessons are the ones that stick.

Billions of women on the planet, why do dudes keep picking ones tat ruined life before it started??

Crazy that they got degrees and debt at $400k to make $70k when a production supervisor in my company makes $85k with a HS degree.

Worked at a company that paid tuition then decided to complete my bachelors. Owed $2k out of pocket after completing.

I'm sorry but I don't think I could marry someone with $300k in student loans that wasn't a doctor or lawyer 🤦 my wife and I paid off $85k together and it still makes me sick to think how far behind that put us.

Spoiler alert: next year she gets pregnant and want to be a stay at home mom

i have a feeling they will not be eating beans and rice 🙄

I say pause the wedding if possible. That gives them time to tackle debt and get their priorities together. That will be growth for these two as a individuals. I think their family would understand if they postponed the wedding for 1 year to clean up as much of their debt. Then when both of them have paid a good portion of their debt then at least they have a goal when they getting married. That goal is to be debt free

I love listening to all these people call in with student loan problems because the payments are back. Do us a favor and sell your house to me for cheap!

I've been listening to Dave for nearly 20 years. It always bothers me that, more often than not, he uses the whole salary (i.e. 150 grand) to calculate how much to pay off the debt. Uncle Sam is at least taking %15-30. Ok that's all.✌🏼🤓

This guy is such a white knight! Be careful brother after you're done paying for her student loans...

Something does not add up, 300K for a state school???

Dave's cohost is thinking "How did you get with such a stupid beech?" 🤣

Why does Dave never account for taxes?

Be careful-when you marry she might get pregnant and want to stay home. Happens all the time. Then it’s up to one to pay off all the debt.

With taxes, the most they'll realistically be able to put toward it is $50K per year. Asheville is still a moderate cost of living area

I started a new job 6 months ago and the first thing my bank did was offer me a $2500 credit card. I laughed to myself and rejected the application haha

She’s not even a physician with physician school debt my goodness

4 years is nowhere near enough time to pay off $400K making $150K/yr. The interest alone on $400K will be crippling.

I love this channel so much. Every time I am depressed about my life I listen do these people and have a great laugh and feel much better about myself😂

I’m a fan of how Dave can look at a situation empathetically, and yet still be effective when creating a financial strategy.

Always when I think my life is sucking,….

Dave: "Embrace the suck, man! Lean into it!" Me: "OK, Dave! Been doing this my entire life!"

The average PT salary is between 92k-110k, but the average PT school debt is around 153k according to the American Physical Therapy Association. Not to mention, PT school is very difficult to get in to, so the question is why it is so expensive? The higher education industry is a business and takes advantage of students. The income to debt ratio makes no sense, so I would highly encourage folks look at other career options.

Please consider putting numbers on screen for all calls

This is why you can’t just go forgiving peoples student debts. She paid for more than tuition.