You're Not Scared of $100,00 Student Loan Debt? 

If his wages or social security benefits get garnished he won't be so nonchalant.

And us taxpayers are on the hook if he doesn't have to pay back the loans he took

It’s a a total cult. These kids don’t have a clue. None.

Don’t worry our taxes will pay it off for them

That’s because “everyone has student debt”

Congrats on the discipline . Take a vacation and reward yourself when you have time and best of luck towards future financial independence

It is so nice. I owed 80K. Paid it off pretty quick and for the past 15 years I have kept 100% of my money. I have zero debt. TSP is huge and I am in such a good spot. Small house. Average vehicle. I do travel quite a bit that is about my only big spending.

He and his wife have never paid a dime on that $100k- so they've yet to feel the responsibility or pinch.

Also how do they not know how much they owe? 80-100k is a difference of 20k 😂

@@jusplay7309 they haven't looked at it in 3 years

@@jusplay7309idiot doesn’t even think he needs to pay it

Well and his income isn't very impressive for a 2-income household in DC.

"I am drug free except the narcotics I use for recreation weekly and my daily coffee and anti-depressants!" haha

That might be acceptable to say if one was drunk.

😂🤣😂🤣😂🤣

vote republican and the student loans will never be forgiven!!!

​@@cutehumorgood, I will. The people who signed up for them should pay them

that's awesone! Congrats!

I agree, it is a digusting entitlement mentality.

That was shocking. Does anyone not see the moral bankruptcy of this couple expecting their student loans to be forgiven? That is revenue the government will never see. So, the couple did not need the deferment but used it to save money for a expensive new home. I took out student loans for an advanced degree, benefitted greatly as a result, and have never stopped paying them back. It just goes to show how many don't feel accountable for the obligations they make.

Why should you pay anything during a loan pause with a zero percent interest? You SHOULD absolutely pay right before the interest resumes. Also, working under PSLF qualified places, your income is lower than equivalent jobs.

@@UtotheJ. Omg. Really? Did you just ask that? Because you have an opportunity to make PRINCIPAL ONLY payments ….🤦‍♂️

@@UtotheJDude are you 8??? You did not just ask that 😂😂😂😂😂

Aren’t they the reason why we watch tho? 😂

@@aznsumthingyes

Your daily dose of comedy.

And "they are going to be forgiven".

That was freaking glorious. I almost spit my drink out laughing. It wreaked of entitlement.

Because they are.

They should be. My wife did! Booyah!

I wonder if there's a video on this because as long as you have the right type of loan and make payments, the balance is forgiven after 10 years. My supervisor had $200k forgiven.

they haven't been forgiven@@jimmymcgill6778

This call told us everything we need to know about the Entitlement Class. I think if they want the citizenry to pay their student loans they should be required to do 6 years in the armed services as an enlisted person. Not an officer but enlisted. No service=no loan forgiveness.

So is Dave wrong? If you qualify you should be forgiven I would think.

Yes lol this is a joke

Typical American’s optimism 😊

@@mbank3832 more like ignorance and entitlement

Well they have a expensive lifestyle they pay for in cash... except the student loan.

There are different ways to manage finances. Not saying it applies to this guy, but there is plenty of reasons to have cash/liquidity (i.e. only putting 5% down even if you can afford to put down 20, 30, 50%) from an investment perspective.

I'll say as someone who just had my loans forgiven under the PSLF program, I had zero plans on not paying them back. I did not hold my breath on it, but I also didn't trust the loan company (who benefits from a longer loan term).

Sounds like you got lucky but I feel if you borrow it you should pay it back.

We should be arguing that interest on interest is stealing but go off bud

And to think somebody voted for this

Lol that 20% goes towards a million different things

The majority of people who have student loans make six figures a year because, low income families who are receiving other supplement government assistance to survive, wouldn't be able to pay back thousands of dollars to the government for a student loan. Personally, If I couldn't afford to attend college I just wouldn't go because, I am not going to get myself deep in debt and have a financial burden on me for the rest of my life to pay back a student load, or any loan for that matter. Why apply for a loan, when I know I can't pay it back? If it's not a life-or-death situation, I would rather do without. Just because a person goes to college, doesn't mean they are guaranteed a high paying job. A lot of people had gone to universities for many years, and they're still can't find employment (after spending all that money for their tuition), especially now since the pandemic, and COVID is on the rise again. Anybody who makes six figures a year, doesn't need a student loan, if they know how to manage and budget their money correctly. Anybody who is earning $215K a year, should be able to pay the tuition out of their own finances, not from the government. They're in the process of purchasing a $750K house, and that doesn't include the interests, insurance, closing costs and all the other fees.

He probably pays more in taxes than you. You wine about your 20% but his 20% would’ve wiped his loans a loooooong time ago

I did a 30 year but pay as much as we can extra a month. That way if times get rough we don’t lose the house because we can’t make the payment. I have no intention of ever paying on this for the full 30 years

@@jim2386 my $214/mo is 30 years. Auto-pay

I'm paying cash for the land is the plan. I have a honey bee farm on family land and the revenue produced is natural expansion.

In other words only about 3-5% of people who are actually buying homes can actually afford them. There will be a lot of foreclosures in the second half of this decade.

You can, just make sure you have enough cash for razor wire and bullet proof vests.

Facts it's because it goes against his teaching..

Yes! He is misguiding some viewers. PSLF 100% works. Even now more than ever since they rectified the complexity of the program. People are being forgiven every day under PSLF. - this caller needs to hurry up & get on it though. He may utilize the current income driven adjustment the dept of ed are working on now & get past payments to qualify.

There's still a 50/50 chance his paperwork will mysteriously disappear the moment he would qualify.

So true

Vote for Sleepy Joe 2024, he’ll write off all your student loans….🤪

@Project-Masculinity : To everyone who believes that, I've got a bridge to sell you on Saturn. Also, you should invest in cryptocurrency and NFTs.

@@Lonovavir FTX all the way, for the win 🙃

The quarter mil a year is also coming from taxpayers. Why wouldn't they expect more?

Amazing!! A lot of people downplay the role of a financial planner until burnt by their mistakes. After my last job layoff, I had to stay afloat, hence researched for licensed fiduciary advisors. Thankfully, I came across someone of practical knowledge and experience. My reserve fund of $225k has yielded nearly $1.3 million after subsequent investments so far.

I’ve shuffled through a few financial experts in the past but settled with Mr. CHRIS RYAN STEWART.

His strategy is recession proof, more specifically profit-oriented and most likely you’ll find his basic information on the net. He’s a very well known advisor.

Chris Ryan Stewart is making quite the wave in the financial market, from CNBC to Bloomberg.

I have turned over more than $300k investing with him on a wide array of options and finally sticking to a few that have been favorable in the past 2 years.

Right. Broski is cool with that scenario 😂😂😂

Anything is possible through Jesus

When you factor in taxes and interest, that is well over $1M of debt.

So you one of the 1% they received it? Anyone else you know received it?

Wish they would forgive mines.. they keep denying me. What red tape did you have to go thru?

So u make PEANUTS as a social worker while us who incurred ZERO school debt make 200k ?

Congrats, Becky! And thanks for your selfless work in social services. It is very challenging to achieve, but there are many PSLF success stories this year. I wish they wouldn’t spew ignorance on the program.

@@ethangamer3173they are many government social workers that have the ability to do well and more, depending on their payscale. Everyone isn’t making 30K and strapped in debt.

You're absolutely correct. How this is portrayed in media amazes me. People think working for your aunt's puppy rescue business qualifies. You have to work full-time for a true govt organization or a legit NPO, and prove it. I qualified 9 years ago when most people were rejected. Entering the program is different than forgiveness after 10 years. You have to have 120 legit payments.

Incorrect. Most of the people who apply AND qualify have their paperwork mysteriously disappear in the middle of the process.

This subject is so confused because you hear 2 stories. Bottom line....if you're a social worker, case worker, eligibility worker and have made your payments for 10 years do you qualify?

@@maddy-books that seems very straightforward

Exactly, I hate that they keep quoting the numbers on it. 95% of the people that apply for it did not qualify for some reason or another, basically they breached the agreement and then are mad they don't qualify.

But they are entitled hahaha, smh

He biden supporter

people working in federal agency, integrity, donot violate the policy

but but but the guy i voted for said he would do it

😅he's going to get that reality check real soon

The blue collar worker paying for thier bosses education.....

I thought Jesus taught forgiveness

@@maddy-books just cause it's a program, doesn't make it ethical. When you have people who make less who will be contributing to help pay this couples debt who make close to a 1/4 million / yr.... Yes, that's dishonest

@@siva47931Jesus also taught to render to Caesar what belongs to Caesar. The Bible definitely teaches to pay what you owe.

@@siva47931 There's nothing in the New Testament about Jesus forgiving student loans.

No one is forcing you to stay in America. You are free to leave anytime

@@siva47931 Im a patriot. No thanks

I left a $130K job in the private sector. Took a $65K job for the government. Same job. Pension and Free lifetime family healthcare at 20 years. inflated salaries?????

TRUER words have never been spoken.

You have to be proactive and submit your paper work you can't just assume you will be forgiven because of where you work

They make over 200k, screw that they need to pay every penny back!!!

Right. Everybody who adheres to the rules of the PSLF program and correctly applies for forgiveness ends up getting their loans forgiven. Dave's advice on this topic is downright terrible.

Except for those whose paperwork and files magically disappear just before they would be forgiven. That does happen too. @@jesusbowls

A big ole' GOTCHA

I don't think you understand lol 15 year means you have to get a cheaper house.

there's also the no-more-than-25%-take-home-pay. It's fine if you have both. The trick is to find a livable place that fits both requirements.

​@@dreamingofskyrimAnd in this caller's case, he has no choice in the cost of the home. The cost will be to pay off the construction loan. Sucks for him.

@@dreamingofskyrim But you are paying like 25% more monthly.

If someone can't afford that they simply cannot afford a home at all

I took out a 30 year mortgage as well, and glad I did. Several years after closing on my house I lost my income for a few months. Having the lower 30 year payment made it much easer on me finantially than if I had a 15 year mortgage. Now that my income is back, I can choose to pay extra if I want.

​@@rcaviator4310 Exactly. It is so easy to do the math on an online loan calcuator. My 2.75% rate I got in 2020 will slap the crap out of anything you could get today. If I'd done it Ramsey's way, I'd still be paying someone else's mortgage (renting...) and would have the wonderful opportunity to buy at a 6-7% APR, and paying 30-40% more in property taxes due to higher home prices. Thanks, DAVE! Doing actual math yourself is the correct way, not applying some general rule in this case.

We forgive you...

He's also saving his grandfather's bell bottoms for when Disco comes back.

If they don't pay now they'll either have their wages or social security garnished.

It already has. The loans are starting back up again with a vengeance and the interest is starting to get added pretty fast to their payment.

I think he is stuck on 2016 statistics

It's better, but still broken.

I believe they are looking at old stats. I literally work for a government agency and many ppl in the last year have officially been forgiven through Public Service Loan Forgiveness, off their credit reports and everything. I get the message he has, but he seems incredibly biased.

If it's only in the hundreds of thousands, that would be hardly anybody in America. @@amylove5500

Nope... Ona house purchase of that size he will have closing costs.

My home went from $50K to $500K in 11 years. Saving????

Your right, it really is amazing how apathetic and care free these people are with such massive student loans .

That’s not how tuition reimbursement works. 💀

I know someone like this too, she's over 200k in debt from student loans, not using her degree and just straight up decided not to pay it back... I don't even know how you get that stupid

@@laurenc4553 Her student loan pay back plan is her death will pay it back, but not before it balloons to half a million in debt by then. It's crazy how laid back people are when it comes to student loans. These loans have almost the same force as the IRS and you never should play around with the IRS to the point of wage garnishment.

I know right!?

he is with the Gim-mes dat tribe

That's the way to do it. I did this to my student loans, knowing it will be paid off in around 10 years. I did it in 7, could be sooner if I was more aggressive.

Agreed. In an ideal world we would all like to do the 15 year, but very hard to buy an okay house even on six figures with that much of a mortgage at 25% of your income.

Too many say that is what they will do, then comes a new car a few kids stay at home mom, higher health insurance cost. It is always something......

Ignorant. Guess who created the PSLF? George Bush in 2007.

Precisely why the "forgiveness" should never happen. People who are flipping burgers would be paying off the loans of federal employees who make six figures. The government is such a self-serving monster.

vote republican and student loan forgiveness wont ever happen

@@cutehumor Republican in 2024 it is then!

It actually works for a very few people. Not for most.

Exactly. He has not run the numbers on this AT ALL. I’m surprised Dave didn’t do some napkin math for him.