S11 E05: Student Loans, House Republicans & TikTok: 3/17/24: Last Week Tonight with John Oliver
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- Опубліковано 16 бер 2024
- John Oliver discusses the state of student loans, the House vote to ban TikTok, why House Republicans refused to attend their work retreat, and, of course, Left Shark.
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In case you're curious, that was not Estonia, that was Latvia, Estonia is the one directly above of it on the map.
As an American, thank you for teaching me.
The Baltics are in order alphabetically, Estonia, Latvia, then Lithuania
and also Russia was cut out for some reason.
@@FranzFerdinand55 Russia is not a country, it is a prison camp.
Cool story.@@SundraTanakoh
As a Latvian I did have a genuine "wtf? that's not Estonia" moment, lol.
You must be new to LWT :) They do this A LOT
Yeah, I'm Lithuanian and thought oh its joke again 😂
As a Ukrainian in the US I know Geography lmao
Meanwhile all the Estonians watching this be like 👿
🇪🇪
I’m so glad John Oliver was able to convince the executives to post the entire show on UA-cam
They are going to get a whole new revenue
And they finally made a good move after canceling every other show/movie on Max
They won't really, last full episode didn't even break 500k views (as of writing this).
I'm not complaining tho, but a vast majority of the countries that get these episodes have a relatively small English speaking population.
@@PedroBoteonthe videos with about 30 minutes are doing much better tho. 2, 4, 5, 9 Million views. They just need to understand what works better. Maybe it is not just about money. Maybe it is about taking a stand and putting the message out there.
@@FredEPLk the videos with proper titles are more searchable and eye catching. This video looks like someone's online video archive.
Whole new revenue? I don't know if that's the case, I am just finally about to cancel my HBO subscription which I had only because of this show :D
Seen from another country, this situation is astounding. These are government loans... but private companies are managing them? With interest rates no banks would dare apply?!??!
And with no recourse for anyone caught in it - enforced by the government.
the real problem is interest
guys that why GOD said to us in the holy Quran
2:276. Those who devour interest do not rise except as rises one whom Satan has smitten with insanity. That is because they say: ‘Trade also is like interest;’ whereas Allah has made trade lawful and made interest unlawful. So he to whom an admonition comes from his Lord and he desists, then will that which he received in the past be his; and his affair is with Allah. And those who revert to it, they are the inmates of the Fire; therein shall they abide.
2:277. Allah abolishes interest and causes charity to increase. And Allah loves not anyone who is a confirmed disbeliever and an arch-sinner.
2:278. Surely, those who believe and do good deeds and observe Prayer and pay the Zakat shall have their reward from their Lord, and no fear shall come on them, nor shall they grieve.
2:279. O ye who believe! fear Allah and relinquish what remains of interest, if you are believers.
2:280. But if you do it not, then beware of war from Allah and His Messenger; and if you repent, then you shall have your original sums; thus you shall not wrong, nor shall you be wronged.
2:281. And if any debtor be in straitened circumstances, then grant him respite till a time of ease. And that you remit it as charity shall be better for you, if only you knew.
2:282. And fear the day when you shall be made to return to Allah; then shall every soul be paid in full what it has earned; and they shall not be wronged.
Islam forbids interest (Riba), both receiving and paying it
Money is from the govt and the loan is serviced by private companies aka collectors. The rates are not criminal but people are stupid and ignorant about the subject
I work in loan servicing and you'd be surprised how many people do not read or don't ask questions.
@@blazinex seriously, in most other countries, this entire setup, including the interest rates, would be investigated, shut down and the company CEOs would be jailed for years... that's how grotesquely criminal it is.
you can't do anything even remotely similar in Brazil: debt "enslavement" for decades with such a slow reduction in the premium balance?? the US allows government loans to be administered by mafia-style criminal enterprises.
"How dare you spend money on something that benefits someone who isn't me." Sums up a lot of Americans' attitude towards government spending on almost anything.
You forgot the most important detail: Those people behave the same way even if it ALSO benefits them, simply because of the part where it benefits people they don't like.
Why should I care about you?
@@civilengineer3349 Actually, why should anyone care about you, specifically, your worthless ego and your equally worthless opinion?
Except the military, of course.
Because it's the human thing to do? Because we are stronger together? Because only through working together can we create a brighter future.@@civilengineer3349
We are so used to free education in Slovenia that we rarely even think about this issue. Thanks for letting us know what it's like in less fortunate countries.
Ah yes, Slovenia, a country that millions of people migrate to for a better life each year, oh wait that'd be a America
@civilengineer3349 many years of hollywood propaganda about the "american dream". That dream is dead and honestly i would much rather move to Slovenia 😂
@@Thesmutcher which Hollywood movie in particular?
@@civilengineer3349well… in Italy it is almost free (tuition is based on wealth and even if you are a billionaire you don’t spend more that 3k euros per year and most people spend around 1k) and we do have plenty immigrants (also… we have free healthcare as well 😂)
@@stefanovettor6507 Italy is poor compared to the USA
As European student I am horrified. How in the hell is borrowing that much money and sign for a lifetime full of dept even legal?
it's not just Europe, this entire scheme would be illegal in Brazil as well...
Well, the UK students are enjoying similar stuff for a decade or more now.
@@mokkoristaDifference is that UK students are guaranteed to have all their student debt forgiven after a set amount of time (I think it is 15-20 years?). In that way, it is more similar to a tax on the highly educated - Though, it is of course a regressive tax since people from rich families can avoid accruing debt and, therefore, end up paying less.
french here : this is very much coming to us, maybe not that bad, but it is definitly around the corner 😬
@@mokkorista
UK student loans are NOTHING compared to the American system. You only repay with earnings above a certain amount. Most debts are forgiven anyway after a certain time period. In America, you CANNOT escape student debt, even via bankruptcy.
"Nelnet, Navient, Mohela." Those loan services names sounded like an incantation to summon a demon. Fitting, considering how evil they are.
Lol sounds like a record playing backwards❤
@@andypanda4756 So basically, ".alehoM, tneivaN, tenleN"
or celebrity childrens names. same thing i guess.
Americans when they hear a non-European name
A demon that isn't very efficient, by the sound of things.
As a Latvian, I am proud that we are finally shown in LWT. Even if it's our country highlighted in European map with "Estonia" written next to it and Estonian flag in the background :D
John did also talk about Citi Zēni eurovision song briefly 😂
That amount of interest would be highly illegal in my country.
Completely insane
The UK student loan interest is 7.7% for a lot of people. And 6.25% for everyone else.
I'll be 65 before I pay it off
Why should it be illegal? Student loans are high in demand, so interest rates will reflect that
@@civilengineer3349 education shouldnt be so expensive that only the rich can afford it
In Finland the interest is the 12 month Euribor, so 3-4%
Probably not. I think the example is an annuity loan. Then you pay regularly the same amount of money during a certain period. The ratio of rent and redemption shifts over that period. You start with paying lot of rent and little redemption. And in the end it’s the other way around. With inflation the real amount of money you pay decreases. This method is often used for mortgages, so people in your country can have this type of mortgage.
So happy to live in Denmark, where we actually get paid to study instead of having to take up loans.
yep same it's paying for apartment I live in while i study.
The more I know about how things work in the USA the more I am glad that I was born and live in Europe.
Indeed! Last Week Tonight, along with some of the other 'Late Night' shows, is my antidote to existential dread, reminding me that hey, COMPARATIVELY, things are pretty good here! :D
I didn't know I lived in a State-run Prison camp, until I left the U.S. for a job in Asia. In America they got us on lockdown and impovershed but keep telling us we are the richest nation in the world, as we gun each other down in the streets. I have so much more freedom after leaving the U.S.. Americans talk about freedom so much, to distract from the fact that they have very little.
Since Europe is not a country, it still depends on the exact country in Europe you live in when you want to compare stuff.
I'm American and moved to Finland in 2019. I'm so happy I don't live in that dumpster fire anymore but I feel so guilty about the people I love who still live there.
@@Meskarune In the Netherlands there are now more Americans coming to live in our country than the other way around.
One of the best things that ever happened to me was that I was NOT born in the US.... My heart goes out to you guys and gals!
same
still can’t believe we’re getting full episodes. amazing
To see a government and Supreme Court that enjoys punishing its children for getting educated is just fascinating. 🏫
Just another big time scam in a country built upon perpetual scams. Good luck everyone.
Stupid population is easier to rule.
you should read the history of what the country has done, the whole thing is just built on slavery and through not properly dealing with it at the time, making people just think slavery is ok now because it pays a little better than it used to, even if it doesnt after accounting for interest.
America has a hidden slave issue, hiding behind a gaslight workforce
Well... They're far-right. People that conservative enjoy punishing people just for the hell of it, let alone if they have an excuse.
@@FelisImpurrator it's not a right/left question. Higher education costs a lot, you have to pay for it everywhere in the world. Even in countries where the higher education is "free" - in those places you pay indirectly for it in the form of income tax. In Denmark for example, everyone have to pay around 44% income tax, that's how the state can provide free higher education for their citizes.
I'm really enjoying finally being able to watch full episodes ❤
Ikr, and not have to watch a wonky pirated upload
Can we stop with "ty for full eps"? iI's been five weeks already.
Now, we wait for full episodes from previous seasons.
I'm actually from Estonia. Glad to have free higher education here.
Every time I watch a John Oliver video, I'm happy to live in Sweden... And also sad for everyone suffering from other people's greed. Thank you, John and the crew, for enlightening us about all the shit going on!
This goes for almost everyone living in west Europe.
Bugger CSN with a rusty pickfork, though
Same here! I'm glad to be born into a socialist country, but I feel so bad for US citizens not born into wealthy families. They don't stand a chance in this country. Yet, at the same time, I see patterns forming in France where our shitty president tries hard to copy US agendas...
Living in demark 28 years good riddence usa.
@titanuranus3095 Why, CSN is great. Maybe a little low, but the interest rates are fantastic and everyone can get it.
It is actually astounding how out of touch the vast majority of congress seems to be.
They're quite in touch with their donors.
They're in touch with their voters, given that most Americans don't bother voting
why? america was built off of slavery, direct private slavery was only "abolished" shortly before ww2, and since then the constitutional amendment #13 has kept a legal route to turn people into slaves, drugs have been funneled into neighborhoods (from freebase coke, to heroin, to oxy clinics), the united states has continued to throw up military bass after military bass in other counties like ww2 never ended (this isnt normal and shouldnt be treated as normal), the cold war was literally a propaganda war and the americans created a literal thought police law to remove what they deemed as "communists" from government, a number of universities actually started life as slave plantations, there is a method to create "adjunct professors" so people can specifically not pay profs properly for teaching university students after they finish uni turning people with doctorates into wage slaves with 3-4 jobs bc they wanted to research physics, redlining and all that good shit in the giving minorities extra hard times, did you really think that america could have possibly acted any other way?
Or how bought the vast majority of congress is.
They are from the States, no one cares, and they are destroying themselves.
The little scream at 11:57 perfectly demonstrates how live John's show is, because that is not the sound a laugh track would EVER make
I absolutely loved the little hysterical laugh! Someone really loved the joke lol
How tf does the US have so much debt without affordable health care or university???
The military + social security > low taxes (for the wealthy).
#simple
For almost 3 decades they print money like crazy 🤡
Cuz the US Government put both Healthcare and Education, among other things, to the private sector, which are more profit driven and put money to CEOs who dodge taxes and hoarding the money. I know I'm sounding like a socialist/Bernie Sanders
Seeing John do that TikTok skit had the same feeling as that "How do you do, fellow kids?" clip, but times 10.
And it was great 😁
I do like the bit where he mentioned that "you're watching the show in three minute chunks" though.
@@perrodetokiowas it?
@@kostajovanovic3711 Yes. Yes it was 🤠
@@perrodetokio oh
Shit like this is the reason I left the country in 2010 with no interest in coming back. There are 200 countries in the world and I'm supposed to live in the only one I've been saddled with crippling debt by predatory lending programs?
Nah, I'm out.
Sally Mae, you got finessed
I left USA too. Now I live in Finland. It's amazing to see society, economy, and government work so much better.
the real problem is interest
guys that why GOD said to us in the holy Quran
2:276. Those who devour interest do not rise except as rises one whom Satan has smitten with insanity. That is because they say: ‘Trade also is like interest;’ whereas Allah has made trade lawful and made interest unlawful. So he to whom an admonition comes from his Lord and he desists, then will that which he received in the past be his; and his affair is with Allah. And those who revert to it, they are the inmates of the Fire; therein shall they abide.
2:277. Allah abolishes interest and causes charity to increase. And Allah loves not anyone who is a confirmed disbeliever and an arch-sinner.
2:278. Surely, those who believe and do good deeds and observe Prayer and pay the Zakat shall have their reward from their Lord, and no fear shall come on them, nor shall they grieve.
2:279. O ye who believe! fear Allah and relinquish what remains of interest, if you are believers.
2:280. But if you do it not, then beware of war from Allah and His Messenger; and if you repent, then you shall have your original sums; thus you shall not wrong, nor shall you be wronged.
2:281. And if any debtor be in straitened circumstances, then grant him respite till a time of ease. And that you remit it as charity shall be better for you, if only you knew.
2:282. And fear the day when you shall be made to return to Allah; then shall every soul be paid in full what it has earned; and they shall not be wronged.
Islam forbids interest (Riba), both receiving and paying it
I am leaving the USA to live in the Philippines in December. I will have higher standard of living I will have at the same cost I will pay at home, and own a business with my wife who is filipino. and tbh, I am grateful I left because people in the Philippines are super nice to me compared to back in US where people are entitled or delusional.
I did my MA/PhD in USA, but I'm from Canada. I desperately needed money, but I knew I could not take out American student loans. They're sooooo predatory, they destroy your life.
im from Europe and in this student loan there is for me 2 things thats insane
1. The amount they have to loan
2. The amount they pay back without really paying back
like she starts out with 80k .. pay back 120k over 10 years .. but only really pay 4k back at the end of the day ? .. put a cap on how much fee and interest tehy can put on .. so they can really pay it back
It gets worse. Tuition was something like $4000 a year and then after the government made the student loan program colleges realized they could charge ludicrous amounts of money and tuition went up to 20,000-60,000 a year.
Or don't take a student loan
go look up what adjunct teachers are it gets much much worse, they universities dont even pay the staff that these kids are going broke paying for
Americans and their obsession with profits will eventually ruin those greedy corporations in the long run. There will come a time where highly educated professionals will be hard to come by because of how hard it is to access quality higher education.
@@civilengineer3349or don’t be greedy and think of making higher education more accessible as a long term investment in the economy and society as a whole.
Students in the US should make a union.
a union... ffs
there are some effort to buy debt at cents on the dollar, and it works, because at least for people who have a really hard time paying them, that's the actual expected value, and thus the market you can get it at, of course, it's not an option to you, the borrower, to "repay" at this price, but entities can buy lots and forgive people in them, you can pardon millions of dollars of debt, for tens of thousands of dollars.
🤔
@@mikek9297but "u" is vowel, so shouldn't it be "an" beforehand?
Isn't that correct grammar? @mikek9297
Greetings from Denmark, just a quick note on how we do it over here. Our universities are publicly owned, and the only barrier of entry is academic perfomance. We get both undergraduate, masters and some also a Ph.D, paid for entirely through public funding. That goes for everyone who study here, we simply don't have a profit motive in higher education.
All Danish students are entitled to a government grant of about $1000 per month to cover living expenses. We do have a government run student loan program, but this is not to pay for tuition, it's something you can choose to get, if you want to study and not have to work at the same time. There are no management companies for that debt, the government runs its own collection, and the interest is currently capped at around 4%.
It's about what kind of soceity we want. In a true meritocracy your future is determined by your ability and hard work, not by how much money your parents had or how much debt you're willing to take on. Our system is even good for the private sector, as Danish businesses get access to a highly educated workforce.
It's easy to do all this when Europe is protected by the US military
It's about the same in France. I never paid more than 6~700€ per year for my medical degree
Unfortunately our current government seems hellbent on dismantling our system bit by bit to force young people to speed run higher education - which harms kids from low income families with no academic background….
Of course, it could be even worse, but it’s just a shame to see them attempting to gradually dismantle a system that has benefited my generation so much (early GenX).
A month ago or so, I read a review of a book written by a guy who insisted that it’s about time we dismantle the welfare state, since we already had opened the market for private health insurance, private hospitals and private schools getting public funds, and since more and more parents were paying for extra tutoring of their kids, and the state already limited the building of non-profit housing and subsidies investment fonds and corporations building of housing…
To me, coming from a low income family and having benefited from the welfare state in regards to healthcare, getting an education, etc., it’s scary to see that instead of investing in the continuation and strengthening of the welfare state, so many people, who just like me has benefited from it, are willing to dismantle it, in return for tax cuts…..
But yeah, at least we don’t live in the USA!
(Ha' en fantastisk dag!🇩🇰❤️)
Same in The Netherlands. The amount you have to pay back monthly depends on your income. And after 35 years what’s rest of the loan is forgiven.
@@jannetteberends8730
That’s a great idea, that means people who for some reason have struggled in life won’t have to continue with the burden in their senior years - love it!
Week 3 of Thanking Business Daddy for the whole eps :)
Having the entire show available each week is such a treat, thank you business daddy.
That outraged Tik-Tok lady is right. If my pal owed me a hundred bucks, I am not entitled to his home, his furnitures, his wife and his firstborns. I am only entitled to the hundred bucks he owed me and THAT'S IT!
ok but you could be if you sign a contract, its cool what paper can do
Wait until you learn about interest and contract terms.
Wait till you learn about illegal clauses in contracts.
Clauses that when added to paper invalidate the whole contract.
Oh wait. American right? Yeah. You don't have a proper government. So sucks. You basically are just cattle for the 100 powerful in your country.
Remember 6 people own more than the bottom 40% of your society.
Its different if your pal agreed to pay you back 150 bucks for your 100 bucks, and an increase of 50 bucks for every year he did not pay off whatever he owed you at the moment. If your pal agreed to it, and you both have it in writing and it was accepted as a legal contract. But because you two were pals you can decide to annul the contract and just take the 100, or you can get a profit/be greedy and take 150 + interest.
I pay only 1,7 apr on my student loans over in Sweden. Oh, and it's without compound interest.
Seen from France, this all seems astounding.
Makes me think about the Neil DeGrasse Tyson bit of conference about the sharp decline of US scientific contribution.
My hypothesis is that right-wing politicians believes uneducated people are more likely to vote for them.
that's definitely a big part of it
How this is even possible? This country keep surprising me again and again every time I thought it's not possible anymore. Why you let them to do this to you??
Waking up here in eastern Europe to this treat is just fantastic!!!
It is so refreshing to watch JO.
Content for the greater good.
Comedic delivery.
Inspiration for a jaded population.
The whole show for the first time! Thanks HBO/LWT.
Jon Oliver using “Dump Truck” by Kinfolk Thugsfor a TikTok bit. This man has elite (millennial) writers 😂😂😂😂
Thank you John Oliver and Team, I am currently writing a thesis on American Student Loans and I'm studying at a university in England, living in a country in Asia and I'm from a Country in Africa, so you know how bad this issue has to be for someone like me to write about it, so thanks for reiterating my choice of subject to write about. Thanks for that folks
I look forward to this every Monday Noon (Philippines Time)
Student loans are a reality all over the world, but where Americans are getting screwed is the ridiculous interest rate and, for some fields, the total balance.
Welcome to a Dystopia. Between Education loans and Healthcare; Hell has nothing to envy us.
09:22 Latvia sure got offended!
yes, and they'll be very mad, in 2 weeks
@@Repsikka why in two weeks?
@@asdfghyter because Latvians are slow
@@Repsikka no, we're already fuming!
At leats the baltic states are no longer being confused with Russia. Tho it seams Putin would reaaalyy like that.
So many things wrong starting with reagan convincing the naive that private for profit companies can do anything better than the government, including college loan services. Adding the need for profits to the service will NEVER make it cheaper. Then there's colleges whose administrators and colleges coaches
are the highest paid government employees in the state, and that's helping to drive up the cost of going to college (and the amount you have to borrow). Students loans are just one of the steps of enslaving everyone under the "life as a service" policy of the corporatocracy.
Here in Denmark we have tuition free higher education!
Students only pay for books, copy paper, and such…
They get a free State Grant, and can apply for a State Guaranteed Low Interest Student Loan….
Colleges NEED students coming in directly after high school. Any marginally intelligent person given a few years to see what the actual world requires of them in order to succeed will then attend college with way more direction, motivation and genuine interest in their studies. They’re happily preying on the naive prep kids who haven’t yet figured out that the little paper they get after 4+ years of parties and average grades can’t be cashed in for 100k a year the day after graduation.
I went to high school in the US, and then moved to Sweden for university - and comparing the cultures, it is kind of insane just how much perceived pressure there is on US high school students that you HAVE to go to college right away, or else good colleges won't have you. Among the people I went to high school with, the attitude was "Unless you are doing something cool (which was usually volontourism...) you'll be rejected if you don't go to college right away."
Then starting university in Sweden it was more common than not for people to have taken at least one year and often several to do something else before starting college.
let's just take time to say fuck all people who say forgiving these loans would spoil debtors
It blows my mind that college and university is so expensive in US, especially when you consider it's not even that much better than what we get in Europe and here it costs 5-10 times less, and most people can study for free.
I love watching and reccommending LWT to friends across the globe. It's just very delightful - and sometimes maddining - to see this s**t show of a country that is actually two banks and a church in a trenchcoat call itself the "best country in the world" 😌
It is so rare to see a man enjoy his job this much. Bless you, John OIiver!
I'm not American, so as an outsider, this is so wild to me. Is there anything in the US that *isn't* out to get you?
I love the screams of people in the audience absolutely losing their shit 😂
Watching the episode, i just thank God for being born in Brazil where public colleges are completely free.
And then I remember that I have two degrees and the only thing I paid for was the bus ticket to college and eventually the copy of some material for classes. I can't understand how something is called public but you still have to pay for it (from Brazil)
So glad the whole show is being posted. Well done HBO!
John Oliver is my "I'm so glad I don't live in the US show."
I'm currently doing my PhD in biology, it's my 6th year of university and not only have I never had to pay a single cent for my education, I was actively getting "paid" (through grants) for academic performance and social situation (low income household). Europe may have it's problems but I honestly can't imagine a situation in which I would chose to live in the US instead of Europe (Eastern Europe btw, not even the fancy rich part of the continent).
I had a student loan after my six years of post "high school" studies, but I have now been debt free for years as the loans were only for food and rent. The school itself was free. And the interest was low, and not all of it had to be repaid.
Once again, I'm glad I wasn't born in America.
Sometimes I'm just so happy to be Danish - I have student loans, but they're fairly small and interest free for something like 5 years after I finish my education
isn't the loan for the money you get in SU (SU=State Educational Grant and Loan Scheme). not for the education itself?
I live for those inside edition supercuts.thank you for the full episodes!
I'd like to see John Oliver do a segment about how Connecticut forgave medical debt for 250,000 people and Arizona forgave medical debt for 1 million people.
As a person not living in Estonia. I can confirm that is Estonia
As a person living nowhere near Estonia. I can confirm I have absolutely no idea if you're telling the truth
No it isn't. The trick to remembering is this: arrange the country names alphabetically top to bottom, Estonia, Latvia, Lithuania.
I think this was a joke, but in case it wasn't, that's not Estonia, that's Latvia.
@@ellenojala9985except its not Latvia, its actually the Ottoman Empire
As a person living in Estonia's neighboring country, I can confirm that it is not
That was in fact not Estonia, that is Latvia. Estonia is the country directly north of it.
South? 😅
@@CeciliaMarieLuna omg thank you
@@CeciliaMarieLuna South of Lativa is LITHUANIA 💀 the three Baltic countries goes, in order of placement, Estonia - Lativa - Lithuania
@@ACMH98 I messed it up and edited my comment T.T
this is wild, every single case he told us about with the loan companies would be a nice easy win lawsuit in my country. how is it possible that those companies can do those things freely ?
They have expensive lawyers, and the people they're harrassing and cheating are already in debt and can't afford to sue?
@@quietreason8679 we don't have to here, you can just go to the special civic court with your complain and the government will handle your case for you if its small enough. if its more than 20x minimum wage you do have to hire a lawyer, but they are paid a cut of the pay, usually between 10 to 20%. if they lose they are paid nothing, but it would be such a easy win for them that most lawyers would just jump at the opportunity of taking the case.
Excellent show. I'm so glad you're posting these on UA-cam.
I want to say thank you to the guy in the comments who recommended Eledator to me. You've been very helpful. Thank you!
i recommend to you my friend reading about Islam
and what it says about interest after watching this episode
I was scrwed on mine. At 18 I was told it would be easy to repay, wasn't informed about compound interest. I agreed to take out 90K to cover tuition and expenses over 5 years (and I worked part time) when I graduated my balance, with the compound interest was 160K. My interest only payments were over 2K. I was unprepared. I would say more education on how different loans work would be more helpful the last two years of highschool. I did get a well paid job and paid off my loans with a settlement, but it was hard. Just because I did it doesn't mean I want others to suffer. I'll be paying for my children to go when the time comes.
Student loans would be much easier to pay if the interest rates weren't so absurd.
I prefer it free like in my country...😂
The point wasn t to make them easier to pay.
But to get a great way to legally enslave the workforce...
@@dommerjr free. i am getting paid.
feel bad for people in the US and around the world whos struggling with costs of education
This is something that everyone should watch.
I love that when you do these longer videos the titles showing all 3 stories sound like me nightmare blunt rotation
Hi from France. I got my engineering degree at a "Great School" (public college with top education) that I paid 512€ per year because I was poor. Normal price was 1500€.
You have the wealthiest country in the world. You can do it guys!
Well, they have the GOP and MAGA people - imagine if France by large was governed by Le Pen types and worse!
France had places like Haiti paying them reparations for their freedom for centuries. Something they only recently completed.
I‘ve studied medicine at a top university in germany and it costed me around 300€ per year… i think i am not worse educated than someone with a medical degree in the usa 🙃
I got 3 degrees for free, and the government even covered some of my expenses. And this is a poor country. Education is mostly a bunch of people in a room talking to each other, it shouldn't be expensive. Not to mention that today even the room is optional.
@@andrasbiro3007
Well, if your definition of an education is "just a bunch of people in a room talking to each other', then I guess everything from the Pub to Church would be "an education"....
That Estonia joke was BRILLIANT!!!
I've been paying a student loan for over a decade...I got a nervous breakdown because of it....multiple times.
Another hit from John Oliver.
This loan system is on a fast track in the uk now, our tory party has some scary connections with the us right wing.
I hate how the Republicans continue to poison the blood of the nation, but I love how we keep getting full episodes of Last Week Tonight. Thank you, Business Daddies!
you cant poison the blood of a nation built on slavery with another form of (wage) slavery, if anything this kind of human rights abuse brings more of a consistency to the american dream
Today I watched a video about how the police caught a murderess from New York fleeing to Mexico. And thought there are probably more USA criminals going to Mexico than the other way around.
@@jannetteberends8730can confirm this happens all the time, I have met people doing similar things but leaving to other countries
Thank you Business Daddy
9:30 no, that's Latvia. Oh John, don't ever stop doing this
At least the photo from 4:57 is actually a real thing, promoting their Signature Easter Event. You do you Greenbrier Resort, You do you
"...Navient denies putting time limit on calls..." rrrright, because every call centre is SO focused on ACTUALLY helping people instead of meeting KPIs.
I was always shocked by how much Americans pay for higher education, here 4 years in university for an undergraduate degree will cost about 15k dollars. And there's financial aid and grants. Most people won't need to take a loan for the first 1-2 years, and if they are food they can probably find a part time job in their profession to pay for the rest.
That wasn't Estonia. That was Latvia.
It’s sad that JOliver made a segment about this around ten years ago, and it would still be just as accurate today as the new one is.
“Rory Gilmore would have reck her whole life for him.” 🤣🤣🤣🔥🔥🔥
Every road of corruption is a gravel road. It is built one sharp and pointy pebble and one "oops" at a time, and the builders insist gravel roads are the only roads vehicles can drive upon. It takes a long time to build a corruption road, but it is always just "one more pebble".
Im glad im from denmark... free education and we actually get paid to study
Here for Left Shark content and Left Shark content only.
John is singlehandedly keeping snooki from starving, such a kind man.
Thank you so much for uploading this show to UA-cam!!!
I actually have an HBO subscription and have been using it to watch this show for years now. But I switched to watching on YT after the third episode aired because the quality of the video is actually better here than on HBO proper. Which is baffling to me.
HBO doesn't let me pick the video resolution and I'm at the mercy of whichever quality the platform decides my internet speed can handle at any given moment. So I get portions of videos that are incredibly blurry, to the point where I can't even read the text on the screen. And whenever that happens, I either have to wait and hope that the issue fixes itself, or I have to stop the video and reload the browser window in the hopes that it might fix it.
But here on YT, I can set the quality I want and the video plays without a hitch, even on max quality. Goodbye low quality visuals and hello crisp and clear HD!
And HBO? I'll see you again for this show once you fix the issue and give me the option to change video quality manually. :P
5:10 when you played FO76 and you recognized that resort, and already knew what he was going to talk about
I was wondering whether that was in Fallout. Nice.
I think TikTok should also be seen as trade issue. China doesn't allow any american social network to operate in china (even steam is blocked) but ir profits from tiktok operating in foreign soil.
How convenient of you to not mention that the US has played no small role in preventing China's economic development for its own self perceived interests but they should totally have American social networks to operate in their country instead of developing and prioritizing their own. American hubris totally has no bounds. Also Tiktok is being banned because its major audience is Gen Z who're extremely critical of an ongoing genocide and the ones committing it and their daddy in Washington have a problem with it. The fact that so many in the US are fine with such a dangerous precedent being set because it's against China so it's completely acceptable would be mind boggling if the wilful ignorance wasn't typical by now.
tik tok is pure china spyop.
Country that kill people for spare parts.
You don't wanna that on us soil, I hope they will ban that in eu also.
The People's Champ, 🇺🇸🦸
God Bless, John Oliver!!
You can't trick me, John Oliver, I live in Estonia!
I knew it was that bad. But that is not bad. That is catastrophic.
Who needs food, education and housing when you got an LSU pool?!
As a French citizen who got out of college debt-free , i find it very hard not to judge
This is even more infuriating than usual!
Why did I watch this before going to bed!?!?
I think one of the points missed, was the fact that tuition so high, because of the loan program. I am pretty sure if guaranteed loans were given out for $5,000, to buy a cell phone, within a few years, high end cell phones would cost $5,000. I think the way you could fix the currently student debt, is remove the interest on the loan, and allow all payment to go towards the principal. I suspect all political parties could get behind that.
That was said. The part of the lazy Rivers is basically that.
@@benjaminmadrigalperez9010 He never said it was due to the government program, he said things like the pool was to attract out of state students. He blamed the increase in tuition on the 2007-2008 financial crisis, and the fact that states stopped providing schools with as much funding. But why did they do that? They did it because they knew the students could get a loan to cover it. If the loan program didn’t exist, that would have played out differently.
Private tuition skyrocketed even before that, we used to call their building spree an edifice complex (pun)
@@TheRealMafoo yes. He literally said that. 18:26. More or less
For those that were wondering, no. That is not Estonia. Estonia is the country north of the yellow country on that map. No, not the one north over the bay, thats Finland. You went too far. Yes, the one sharing its southern border with... you know what, maybe John has a point. Maybe it IS funny to leave people hanging.
Its Latvia.
I think there may be a potential class action law suit by students against the student loan companies - for predatory practices, breach of contract, misrepresentaiton and fraud. Since LWT has a host of excellent legal experts, maybe they could look into it. And help poor students to stick it to the man.
Thanks to all the cool people that helped get this show available to everyone overseas! *blows a snookie style kiss* MWAH!!!
😂😂 that TikTok bit was amazing
I like that the comment section for these videos is basically a big ex pat community living in Asia.
Some of them here to escape their student loans. Delicious irony.
There’s also one living in Finland. In my country American immigrants outnumber the Dutch emigrants to the USA. But that are probably all bicycle riders. 😀
You mean immigrants.
@@taiwant72 United States of Merica, the first country ever (?) to create debt refugees.
@@tytania3545 to be an immigrant you need to immigrate but yes, those too.
I liked the short TikTok segment. I think one in every episode would be a nice addition. ♥♥♥