How Student Loan Debt Affects Us All | Matthew Panzano | TEDxFreedomHighSchool
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- Опубліковано 12 вер 2024
- Student Loan debt is now the second highest debt crisis in the United States with over 44 million people owing a total of over $1.52 trillion dollars. Almost 99% of applicants for Public Service Loan Forgiveness were denied. People cannot afford to buy homes or even pay their rent, and many are living with their parents just to keep up with payments. With so much debt drowning college graduates, our nation is feeling the negative effects in the housing market, the job market and even at the local grocery store. Matthew Panzano has two proposals that would both permanently change the game of higher education costs and consequences. Matthew Panzano is a public high school teacher with an M.Ed. in Social Studies Education, a B.A. in Anthropology, Minor in History. He is a leadership facilitator for the Delta Upsilon Fraternity, a global ambassador for “Education First”, and an activist for student
and education rights in the state of Florida. Mr. Panzano has fought for school funding for Florida public schools in Tallahassee and was featured in the Washington Post during the march for the “Fund Our Future” campaign. He has traveled to over 20 countries
and studied the various education systems that have been implemented in Europe, Asia and South America in order to gain a global perspective about what defines “success” in each culture. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at www.ted.com/tedx
He was my teacher senior year. I'm in a university now having to do a ted talk and found myself looking him up for inspiration. Loved his work back then, and I love it now! Keep striving.
That's my teacher right there
stop the cap
@@yesdaddy hes my teacher too
Modern universities have evolved into a profit driven industry. The courses are nothing more special than what you can research online for free.
I'm blessed that I graduated with BA with zero debt. People need to educate themselves on money. My old man always educated me on money. Mind you, he never finished high school. He learned a trade.
I'm about to start my final semester at the University of Texas with ZERO debt
THATS MY TEACHER!!!! YESSS!
Credit card debt also affects us ALL. Debt from healthcare also affects us ALL! Mortgage debt affects us ALL! Auto debt affects us ALL! Poor Timmy chose to go into debt and get a degree and now he can't find his dream job? What about poor Suzie who didn't get a degree and mounted over 100k in healthcare costs? Who stands a better chance at finding a job and a better paying one at that! What's making Student Loan Debt the "chosen" debt to wipe away??
How about the fact that it's non-dischargable in bankruptcy due to statutes of limitations and basic consumer rights being thrown out the window?
Or maybe because Uniform bankruptcy protections were written by the U.S. forefathers into the constitution as something to be prioritized above the ability to declare war, and the DOE and shameless, greed driven universities have assumed ZERO risk and just handed out loans to anyone with a pulse while taking no responsibility to properly inform them of their potential career forecasts.
when i thought i had lost it all , I'm 35yrs with student loan debt of 83k , there's was no way i could meet up my bills, debts and two disabled son but a credit specialist with the name Gibbs proved me wrong by fixing my credit. He deleted all my hard inquiries and paid my debts, I really can't thank him enough, look up their website or contact him directly 'Gibbs@creditpatchup.com' for any credit help or advice.
@@owenjrable Then how about changing the law to make it, once again, dischargeable in bankruptcy? ...
Occupation: Biochemist, Cancer Research
PhD Completion: 2015
Salary: $52,000 per year
May 2016 Balance: $51,000
March 2020 Balance: $4,292
Earliest Zero Balance Date: June 1, 2020
Great Ted talk Mr.Panzano !!
Fearless leader still fearlessly leading. Way to rock it man!
With respect to the speaker, the average loan is roughly 30K. Most undergrads getting out of school are making between 50-60K per year. If they were able to put 5K towards the loan each year, they’re done in 6 years. If they got a 2nd job making 15 an hour and worked 20 hours a week, throwing everything at the loan, they’d be done in roughly 2 years.
Also, can someone summarize his point in need blind need based? I had a hard time following how that would be a cheaper system.
look at the *hypocrisy of UA-cam* it recommends me content like *how to talk to giraffe rather than this*
Even countries with “free” education don’t have free education. They call it registration fees and books also cost significant money. Finding accommodation can also be a nightmare unless you live with your parents or other relatives. And entry level jobs are often unpaid apprenticeships. But 20 years after I left college I’m earning 3 times more then someone I know who went straight into a job and 1.5 times more then someone I know who’s an electrician. Yes it’s hard work and yes it’s expensive but for some it’s worth it.
Interesting fact, in the U.S. we are a bit spoiled, we have relatively high incomes and import alot of our goods and labor from otger lower income countries, the catch is that for education the educator is based locally and needs that high US wage, no outscourcing now, so it cost alot compared to the rest of our lives, its a first world problem...
Buy homes
Go out to eat
Afford rent
(Mixed in trivial points)
when i thought i had lost it all , I'm 35yrs with student loan debt of 83k , there's was no way i could meet up my bills, debts and two disabled son but a credit specialist with the name Gibbs proved me wrong by fixing my credit. He deleted all my hard inquiries and paid my debts, I really can't thank him enough, look up their website or contact him directly 'Gibbs@creditpatchup.com' for any credit help or advice.
Just pay your bills people. Honestly. You aren’t special compared to the common American with a mortgage who works in a factory, even though you have been conditioned to believe otherwise.
And let me guess-we're all supposed to pay for this?? But wait-I personally repaid my $40k student loans off-I DID!! And guess what-bet they don't teach this in HS-A LOAN IS A LOAN-You're borrowing the money!! It's not a gift!! You sign a promissory note-YOU'RE INDEBTED and expected to pay it back!! GET IT??? BTW-don't buy a home under using a loan if you expect a bank to forgive it and WE THE PEOPLE to pay it back for you!! GET A GRIP AMERICA! DON'T BORROW MONEY IF YOU CAN'T (OR WON'T) PAY IT BACK!!!
Can I violate the borrowers rights by stripping away basic consumer protections present in every other type of loan and then blame the borrowers when they get screwed?
Universities should bear the cost of these worthless degrees and people should be demanding Trump to reinstate bankruptcy protections for student loan borrowers. It's not irresponsible borrowing, it's irresponsible lending.
all TED talks are this bad?
Matt, I have one phrase for you. "LIFE IS A F-CKING CHOICE AND NOTHING IS FREE". I WILL GET A LOT OF NEGATIVE COMMENTS BUT I OWED OVER $250,000.00 AND PAID IT OFF IN LESS THAN 10 YEARS, IT IS CALL SACRIFICE!
Ok then you sacrifice, I’m going to enjoy my loans being forgiven under borrower defense to repayment, $140k and I don’t give a dam what you think, it took effort filling out the application and getting my loans discharged.
FEEL THE BURN MICHAEL!!!!!!!!!!!!!!!!!!