Find Ways to Pay For College: www.ramseysolutions.com/shows/borrowed-future-documentary/students/ Get Rid of Your Student Loans: www.ramseysolutions.com/debt/student-loan-debt-hub.html
Instead of going after the so called greedy oil companies and gas stations making big profits, why doesn't our special needs POTUS go after the greedy colleges and their always increasing tuition?
Throwback to when I looked up information about student loans on UA-cam and got Dave yelling about how stupid they are(and also explaining why). Graduated debt free in May 2022!
Dave, I remember being 17, a newly grad from highschool and crying in front of my parents because you gave the truth about loans. My first video of you was about college debt. My parents were not willing to pay for it and it was up to me to figure it out. A few days later I joined the army to get my college paid for. Got a bachelors in Accounting and Finance and now a home owner at 23 and that is my ONLY debt. Staying away from debt is probably the single most important decision I made while I was young. Thank you.
@@Cvr7sqr1 Fair enough, but the borrowers have to look at loan amounts, interest rate, monthly payments er the life of the loan, etc., etc. Anything short of that is reckless and financially suicidal.
You guys saved me. Was two months ago from going to a private school to earn a degree that would have put me 100k in the hole but I saw this and decided to switch to a state school that I can commute to and pay cash for. Forever grateful
That is awesome, good on you! A lot of people can't swallow their pride and make that grown up decision. And I truly believe you will be rewarded for it.
BOTH of my kids, four year degree, UTA and A&M, one lived at home and worked while going to school "knuckled it out". The other Scholarships and summer jobs. Paid for cars, zero debt. I couldn't be more proud. Thank you Dave Ramsey, you helped us change our family tree.
@@TheSoulCrisis The mindset is the minimum needed, but not sufficient. They were lucky to be allowed to stay at home. That that was even an option was a great fortune. Some folks kick the kids out at 16 or 18, telling their kids they are doing them a favor and teaching them how the world really works. No one is just going to give you things like a place to stay!
@@margaritayavila7455 right, there is some luck involved, but they also worked hard. Plenty of people do nothing but party and “enjoy the college experience” outside of their class work, and use summer as simply a break. Sounds like her kids worked harder than most.
@@pkris2237 true but it's nice to see it condensed in a documentary. Makes it easier than going out and researching information. I dont really agree with a lot of Dave's principles but this was a nice thing to see
@@israelruiz8706 I have listened to Dave Ramsey for over 10 years and I agree with most of what he teaches. Bottom line, it works and will make you a millionaire if you follow his Total Money Makeover principles.
As a finance professional, I’m here to tell you, I have lawyers making $400k per year that are buried in Ivy League debt that is eating them alive. On the other hand, I have teachers and customer service reps that are financially free and living comfortably. Four years of college bliss can easily turn into a lifetime nightmare. Don’t forfeit your future for four years in that dream school if you don’t have dream school money.
@@violettapatapenka9880 lifestyle creep. Now that they are big shots, they buy the house, the car, the vacations and attend their friend’s destination weddings. The image matters more than the logic.
@violettapatapenka9880 they need to live on beans and rice, drive old reliable cars, eat at home, no vacations and put every extra dollar toward paying off their student loan.
I wish. I found it nice that although Dave and his audience largely don’t agree with AOC, they still showed some footage of her speaking against the predatory lending companies. I personally found that to be of good faith and liked how even on some things we can reach across the aisle and shake hands on a common issue.
Having to reject an Ivy League acceptance offer with study abroad programs I could only dream of hurt a lot, but I realized that the costs I would incur would never be worth it.
Why isn’t this on Netflix? Excellent documentary. If I can even say “luckily,” I was able to graduate with just over $13k in debt. Fortunately, I am now an engineer.
Unfortunately, until today, I’ve only seen it on Amazon Video/Prime Video. If you have Amazon Prime it is free. I am SO happy to see that it is on here and accessible to more people.
There is a HUGE difference in taking out 13k(which is just 3.25k a year) and taking out 120k or 30k a year. Some people have credit card debt totaling more than this guy’s loans. Debt is almost never a good idea. However, assuming this guy has a job, he’s alright. It would be a different story if he ended up unemployed.
In my experience at community college there were more people attending while working in a parallel field which added significant experience and knowledge
@@Musicienne-DAB1995I went to community college and I felt so much shame at the time. But now that I'm in my 30's I believe that was the best move I made. I see my friends who went to dream colleges and they are still so burdened.
@@aconcernedcitizen8011I was able to do three years at community college and one year at a state school and ended with a four year degree. My wife went to the same community college and got a two year nursing degree. She got a nursing job that paid for her four year degree. Community college is a great tool to save money
If I have a kid I’ll tell them that if you just want a “college experience” you can actually just move to a college town, get half a dozen roommates, work a handful of hours a week and spend the rest drinking. It’s really not that expensive to do that.
Beyond that, if he spends the rest of his time reading the front section of The NY Times daily, he will have about 100x more useful and relevant knowledge and understanding of the world than any history, sociology, or political science major who wasted four years and $250k on a worthless degree.
Such a great documentary. I had parents that thankfully steered me away from student loans before I ever knew who dave ramsey was. I worked my tail off in a factory every summer (12-16 hour shifts) and my parents sacrificed alot and I was able to be the first person in my family to graduate debt free with a bachelor's degree. That was 20 years ago and I'm 100% debt free to this day including my home. The culture definitely preys on our youth and its absolutely disgusting.
Congratulations on a job well done. Dave Ramsey is truly a blessing. You can just listen to his UA-cam videos and become debt free on that knowledge along.
I graduated with 24k in debt in 2011. After 9 years of deferments , forbearances, and income based repayment, my balance was 39k. After I started Dave's plan, I was able to pay it off in 10 months. Worked my BUNSSSS off. Totally debt free , paid off 50k total in 13 months. Debt free here on out. Never looking back.
What I like here is that these aren't people who studied some obscure degree sitting in their parents basement complaining about their loans as some people try to portray them. These people studied for degrees where they should be able to find work, pay back the loan, and contribute to society. This is who is being ripped off by this system.
Yeah but...the one young girl went to NYU for $75k yearly for a music degree. She is going to be burdened for the rest of her life. The other girl decided her love of Duke wasn't worth $300k and will probably never regret that decision. The orthodontist broke down in tears about his debt and paying it back. But in the time between the footage and end credits (1-2 years?), they paid off $400k!!! I bet Dave sat down with him and got them on a serious debt freedom plan.
Some of them. I truly appreciate the nuance in this documentary. There are plenty of ridiculous, entitled people here, but also people who were gamed by the system. They needed the degree, and the degree was inflated by the long-term interference of the federal government.
I went to law school and graduated 100% debt-free in May of this year. It was one of the hardest things I ever did. I had to apply for outside scholarships and run my small business part-time while enrolled. And the world went crazy in the midst of that. But I did it. I graduated in the top 10 of my class and also passed the bar exam with plenty of room to spare. Higher education does NOT have to come with student loan bondage. You can do it another way. Believe you can and get after it!
@@willjbird3342 And? Not everyone's journey will be the same. Others will have their own unique ways of making it happen. But they have to want it badly enough to think outside the box and truly believe they can have a debt-free degree. My journey has its unique aspects, absolutely. But it's a testament to the fact that going into debt for a degree is not inevitable if you determine to do it another way.
Got my bachelors and masters degree debt free! Currently making over $100k in a field I enjoy. I suffered ultimate pain and sacrifice working 2-3 jobs during college to make this happen but it was all worth it!
Got $35000 in debt for my first degree that I don't even use. Paid it off with a near-minimum wage job in 2020 and on I'm track to graduate with my associates in nursing, debt free next semester... I'm going to find an employer to pay for my my BS if I decide to go on. I got out due to a lot of sacrifice and hard work. Never again.
I was told that the only way out of poverty was a college degree. I enrolled in the income based repayment plan and now 24 years after graduation I owe more than the day I graduated. I wish I would have had seen this before I enrolled. The American Dream is a nightmare. I will never be free of this albatross around my neck.
Follow the financial peace seminar from Ramsey solutions. All the videos are online. These baby steps will free you. You can do it!!! Believe there's a better way.
Sorry to hear it. However, I thought the loan program was to forgive the remaining debt after 20 years of payments? Although it may apply only to newer loans, but surely it is worth checking into.
I am nearing the end of a student loan payoff journey that started at 109k and is currently at 16k. I am a regular high school teacher. There are so many aspects of this documentary that ring true. As a 2002 HS graduate we simply weren't as savy and online learning was in its infancy. I wish I had done things differently but I can now say 'I am not where I want to be but at least I am not where I used to be.' Keep working hard, be goal driven---- and I hope everyone in this documentary is richly blessed at some point in their individual paths.
Also an 02 grad. My parents told me over and over to never have debt. I went to school in constant fear and anxiety of losing my academic scholarships. I worked and my parents helped some. Then I graduated and paid off my husband's student loans. I did not have a fun college experience but after hearing stories like yours, I'm grateful for how things turned out for me.
I am praying for the teacher and the dentist. God bless the both of you, and I am claiming now that your loans will be paid. In Jesus’ name, I pray. Amen 🙏🏽
I’m so grateful that my parents wouldn’t allow me to take out a loan to go to the school I wanted to. At the time, it was devastating. However, they helped me financially go to a college in state and was able to graduate debt free. What a life changer! I was able to start my life free! I watched all my friends struggle with paying off loans and we were all doing the same thing no matter what school we went to. Most people do not even use their degree.
'Most people do not even use their degree.' THIS! This 100%! The quality of degrees as declined (in line with general decline of public education), yet the cost has gone UP! Massive confidence trick.
@@museumsgiraffe8423 And many of those who do get the degree in four years will then go on to do second and even third consecutive degrees, thereby racking up even more debt.
Whats stupid is that a lot of jobs dont really need a college degree - or the college degree is not useful for a job. There should be more companies willing to hire community college and technical school grads.
I remember feeling so dumb and behind for not going to a university after high-school. Was the best thing for me and I attended a community College and graduated debt free. Put me ahead of so many people; don't sleep on community college!!!
I'm not one of the lucky ones who got to watch this early. I'm in $180,000 of debt. I did as I was told, graduated with a near perfect GPA, and am now trying to find a job. I was taken advantage of as a 17y/o kid with no family support. God bless America.
WHATTTTT THS IS AMAZING. Dave Ramsey film on student loans!? This man is changing the world, thank you for bringing this problem to the front of the line!!
Not owing anyone after owing a lot is a crazy feeling. I sometimes check my loans from time to time to make sure they are still completely paid off as if this monster came back to life. Frugal living brings peace
I’m now happy to have a dad who put me to work at an early age and learn by some amazing people in my life. I’m glad to be retired debt free and making it without college. I do remember visiting my friends in college and envied them then, because they were living the dream. The best lesson I have learned is to never be envious, it’s a horrible trait.
The day I look forward to is the day I have my student loans paid off. Until then I'm grinding as hard as I can to pay it off. Can't wait for this weight to be lifted from my chest. Dental school is robbery. I watch Dave Ramsey's videos almost everyday to stay motivated to keep paying more than the minimum.
It’s a totally different world. You feel the weight come off your shoulders, and if everything else is paid off, it’s not a matter of waiting to retire, it’s when would you want to retire. Also gives you the incredible gift of giving. Keep grinding, only makes you sharper. KEEP HUSTLING!
I know some people with 100k loan for a bachelors in anthropology. Atleast once you are done with school your starting salary is close to six figures as a doctor.
From Australia, graduated undergrad and post-grad debt free. I didn’t have the real life experience of living in student loan, but watching the documentary still made me emotional. Like I’m right there with them suffering while being in debt. Made me cry. Well produced documentary. All American high school students should definitely watch this before graduation.
@@Derek032789 yes but you need to reach a level of income for it to start paying it back. Plus as far as I understand it’s only on your first degree, everything after that is on your dime
@@Derek032789 Yes there is HECS/HELP which is Australian student loan system. It is run by the government. You do start paying when you earn more than 51k. The amount you pay is based on how much you cross this threshold, therefore it is income based. There is no interest on the loan, but the amount is adjusted to inflation. I’m one of the lucky ones that didn’t need to take on debt. I received scholarships. Very grateful.
It was really sad to hear the teacher talk about his degree as a symbol of pain. A very good motivator for me to help myself and my kids have a plan for paying for a college education. I would not like to see them living in misery like that.
I’m impressed with Clayton’s decision at the end of the video. He initially came off as interested in the temporal happiness of the now, but was influenced by the wisdom of someone with more experience, a mentor, to make a wiser more mature decision. I hope he sticks with his pursuits and finds success and happiness!
I am happy to say that yesterday I paid off my student loans, only took me 13 years to pay the debt with one loan at 13%. I will never get a student loan ever again!!!!!!!!!!!!!!!!!!!!! I wish I knew then what I know now.
“the experience” is the repeating phrase I hear from everyone who justifies student loan debt. I remember the financial discussion we had at the start of college, I remember feeling like I needed a shower after listening to the person speaking.
Let’s acknowledge the production team on this project! The first visuals with the chains and the student with a degree is perhaps the greatest visual that could explain the current state of students all across the country!!Goosebumps! What an amazing documentary!
What is sad is that young kids are encouraged to borrow these massive amounts of money before they have the maturity level to realize just how stupid it is and how impossible to pay back. Then they expect everyone else to pay it for them. The kid is right... teenagers make boneheaded decisions. Not disparaging them - they simply do not have the life experiences and maturity to know better than to borrow hundreds of thousands of dollars.
I was saddened to see couples having to go out of their way to donate plasma, which is another scheme where the blood banks get rich, in order to make a few extra dollars to make ends meet. This is after the college diploma, which was 'supposed to' put you ahead of the pack. Too many schemes placed on the kids. Seems diabolical.
What be just as important is evaluating how relevant is the degree that is being sought, what is the demand of for that degree, how much the college training is relevant to the day to day demands of that position and how many other people have that degree in relationship to the real demand for that particular degree. Going higher up into the Graduate level the course work tends to be more specialized for a certain field and useless in other fields and if that field is overcrowded that could be a problem.
Blame George Bush's NCLB forcing schools to push college on EVERYBODY and stigmatizing trades for 20 years. My public high school forced us to apply to colleges and prevented you from doing trade classes until junior year.
My parents encouraged me to get student loans because they would not pay. Borrowed student loans in 1994. I'm down to $95,000 for an accounting degree. I went back to school at 40 years old, paid out of pocket and got scholarships to be an RN. Making way more money with an associates degree in Nursing than I ever even thought of in accounting. Still paying this ball and chain student debt from 30 years ago though. If the government had wanted to take off some of it, which would have been all interest, I would not have stopped them. The banks have been absolute slimeballs! My kids will not be living with this same mistake.
I'm from Spain and I know this type of debt is weird in Europe, yet Ramsey has taught me how to be responsible with my financial future. I really appreciate your Job Ramsey.
This crisis inspired me to write a book about how I earned two debt-free degrees to offer hope and inspire the next generation of college students to avoid this nightmare. This is a tremendous awareness film. Thanks for making it available. I will be sharing!
Could you maybe give me the real short version here please? I would like to do the same. Id buy your book if you publish it - Im desperately trying to discern if I need to go to college and how in the world to graduate debt free like many of you, if I do. Would appreciate more info.
20:11 happy to report I have finally paid off that debt as of a few years ago. It was a grind… but a big relief. And now I’m free to pursue financial independence.🎉
Graduated from a private university this past May debt free by the grace of God and Dave Ramsey. Worked full time and got so many scholarships, the college gave me a $4,000 check when I graduated. My advice to students in HS is to take as many CC classes as possible and to start out in a CC college. I did that and I got my batchlors degree in business in only 3 years completely DEBT FREE.
I only took out student loans for my Master's degree. Thank God I got rid of it YEARS ago. I've seen this moving 2x, and it still makes me sick. Thank you for making this video the world needs to hear this information
I had poor grades in HS but graduated in '91 - I think my grades protected me from expectations to go to a larger university so I just got a music scholarship to a junior college and had no debt. My career started slowly at first, but I was able to get further from gained experience to the point I feel like I have a life and salary I am proud of.
Everyone thinking about college needs to see this! Thankfully my (now) wife, found Dave near the end of college. It was late, but better than never. We were able to climb out of the student debt hole, but it cost a pound of flesh. If we had to do it again, we'd take all the tips here seriously. We're now debt free and on the way to building wealth.
This should be required viewing every year of high school. It is so informative. Thanks so much for putting this together and opening people's eyes to the student debt crisis. It needs to stop 🙏🏻❤️
My parents took FPU when I was 6 and got out of debt. I grew up with the Ramsey principles and went to 4 years of college and 4 years of graduate school without student loans, and it was not paid for by anyone. No handouts. I did it with scholarships and working 2-3 jobs all 8 years! I worked my tail off at all times and my friends said I was crazy but it is SO worth not having any payments! And I still had a ton of fun in school!
It’s not so much about the student loans, but the colleges having no accountability for their products, prices or outcomes. We need to attach that accountability to the colleges or we will never be able to fix this problem.
Actually they do have accountability, offer accommodation and facilities like a good hotel in a sports centre and you attract the highest prices based on your rating. Complete accountability.
What sucks is when you parents pressure you into going to college even tho ur not sure what u wanna do yet at 18. Im 30k in student loans and dont even work in that field.
I'm 48, deaf, and autistic. There is an 85% under-and-unemployment rate in the autism community. My parents are frail. I've been struggling for many years to boost my income so I can pay off all my debt. Now, things are more complicated with all the ridiculous "mandates" that conflict with my sincerely held religious beliefs. But, I still have hope and I've been making steady progress learning valuable skills like data analytics and web marketing.
A dentist who’s life is tied to student debt, as the vast majority are, now has to charge the unreasonable prices they charge, just to stay afloat… same with many other professions… so ultimately the entire society suffers due to printing of money that banks get to give out to students. In reality it’s a scheme that puts the chains on all people because the ramifications of those loans go far beyond the individual who got the loan.
I typically do not listen to Dave Ramsey, but this was a very well-put-together piece. It shines a light on the plight of the average graduate who thought this was the path to upward mobility.
First I want to say Thank you for sharing this on UA-cam free of charge. I would also like to say thank you for changing my mindset on money in general. My wife and and I were 224k in debt including our mortgage in 2018. We are now less than 140k in debt and have cash flowed our daughters post high school education and are currently cash flowing our son’s degree in pro flight which isn’t cheap! Thank you team Ramsey for all you do
I've been hoping this would be available on UA-cam! I loved this documentary and the comment section! I cried a few times while watching this. I am still working on my baby steps and will continue to cheer everyone along on their debt free journey! ❤ Thank you! ❤❤❤
Great info! The best money advice I received was from an older anesthesiologist I worked with. He said, keep living like a broke student after you start working and pay off your debt as fast as you can. It worked and made all the difference in my life! I think when college graduates get out of school they start living the good life with a great job but if they don’t pay off their debt first, their dream becomes a nightmare.
Went to a JUCO for the first two years and was a student athlete. It was one of the best decisions ive made in my life. Finished last two years at a private and have paid off all $40K of my loans from private school in 3 years. Thank you guys for producing this and making it accessible for everyone. My kids will be going to community college.
I didn’t know the first thing about money when I graduated with about $15k in student loans (thankfully it wasn’t more). I took FPU at my church soon after graduating and paid off my student loans within a year and never looked back. I can say after 10 years of following the plan, it absolutely works and Dave Ramsey changed my life.
I wish I would’ve known this sooner in my career. I graduated with a doctorate degree in 2016 with 110k in debt that has gained interest over the years. I’m finally following the baby steps and am trying to pay them off in the next 4 years. Aiming to be debt free by 40. I wish this documentary existed when I was 21.
I couldn’t get the loans everyone gets because I’m a foreigner but that saved me my mom pushed me to work and study at the same time and that’s the best thing I could’ve done.
I was hired to be a college and career counselor and received zero training. I had to figure out the job on my own and I actually cared about the students success, imagine if I just wanted a pay check. I can see why these students struggle to find scholarships, the staff isn’t even trained on how to find them.
Dave, Because of you (and a lot of hard work) I've never had one penny of debt despite having a connective-tissue disease. I am in my sophomore year right now and on track to get my bachelors debt-free!
Paid off my wife's tuition before we got married. Prior to that I joined the military and got out, used my GI bill, went to a city college and graduated. My daughter is 12 years old now and I've already started telling her we can't afford college for her and that she's going to have to do her best to get a full scholarship; even though I opened a 529 plan for her since she was one years old. She can go to an ivy league school if she chooses to go for her masters and doctorate degree until then she will go to a local college and staying at home.
I won over $13k in scholarships in just my first year! They’re so overlooked and undervalued it’s ridiculous. So glad I did that and graduated debt free from college, I can’t imagine the shackles my peers have for the same education.
Great job Ramsey team! Thank you showing it free. So sad that student loans are big business. Years ago, when I had student loans, I asked for a 3 month forbearance, was told no payments, but interest would add on. When the payments restarted and I saw the big jump in interest and payment, I knew they were not my friend and got gazelle intense to pay them off. So grateful they are paid off. Told my own kids, debt for college is off the table. Hang in there borrowers, take one baby step at a time. Stay strong.
I'm currently working on an Economics paper, my topic is "should college tuition be free". This documentary gave me just the insight I need, thank you so much for making this available. Debt has become such a norm in todays world and its truly disgusting, praying for everyone that owes.
College attendance can never be completely free, because if it is, the money is coming out of someone else's pocket. College professors and schools aren't going to let you attend and use their time and utilities for free. Tuition has ballooned out of control because schools realize they have easy access to guaranteed money if they can lure people to their school, so they are putting the explosive tuitions into building more attractions to lure more and more students there. That cycle needs to break if people have any hope of putting those schools in their place. Alternative/Online education certifications and companies willing to consider those other forms of education can get that process started.
Nothing is “Free.” In European countries, they are taxed 60%-70% of their income which pays for college (and medical care) AND, their population is FAR lower than America. Around 35million people+ compared to over 300million+ Americans. NOTHING IS “FREE.”
This has to be the most eye opening video I have ever watched and now I’m going to strive to work in order for me to be debt free. Thanks to everyone involved !
One problem is that many entry level jobs now require a degree but it doesn’t mean you have to get one from Harvard. It can be from a cheaper school. I’m an entrepreneur so I’m not really effected by it personally
What irritates me is when that entry position does not really need a degree. In my country, I passed so many jobs over which I could have done, if not for the fact that they were demanding a Bachelor's.
This was a fantastic documentary...To graduate debt free, most students should attend a community college/in-state university, take CLEP/DSST exams to knock out common credits, apply for scholarships, take online courses to cut down on transportation/living expenses, and ONLY take classes from a REGIONALLY accredited school. National accreditation institutions are trash.
Exactly. If the money had been diverted towards this kind of training, then there'd be no reason to rely on mass immigration to plug a skills gap that doesn't really exist.
I went to a trade school to be diesel mechanic worked 5 years at a dealership which paid for my school got me experience and specialty certifications I own my own shop now and am one of the only shops in my area that excels at troubleshooting the emissions system on the modern diesel engines and I can get it in and out in half the time the dealership can people are willing to pay the extra money for a quick and quality turn arou
You can make 25 an hour about a year out of high school working irrigation. 300 bucks to get certified and trained. Even more in trucking or plumbing though you'll pay more for it. Still, it literally takes 1 year MAX to get trained.
I joined the military to pay for college they had a G.I. Bill at that time. This plan still exists I wish more students would do this. And by the way no one makes you take a student 👨🎓 loan 💵.
It's not so much as to no one makes one take out student loans it's the fact that student loans are more popular than vocational training and self employment opportunities. These things just recently began a high school curriculum.
I’m lucky that just a few years ago that I finally started making enough money to aggressively pay down my student loans while also being able to pay my other bills. I graduated 10 years ago & I just started paying more than the minimum monthly payment a few years ago.
Omg, I was in tears watching these men and women talk about their debt. These student loan companies should all go to jail, along with the politicians that ignore this horrible injustice!
Find Ways to Pay For College: www.ramseysolutions.com/shows/borrowed-future-documentary/students/
Get Rid of Your Student Loans: www.ramseysolutions.com/debt/student-loan-debt-hub.html
Instead of going after the so called greedy oil companies and gas stations making big profits, why doesn't our special needs POTUS go after the greedy colleges and their always increasing tuition?
Thank you Dave Ramsey.
I want to start a youtube channel and have that offset the cost of Private education 2nd use my part time employers college funding
Dave was right, Student loan crisis is a parenting crisis in the American culture.
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Throwback to when I looked up information about student loans on UA-cam and got Dave yelling about how stupid they are(and also explaining why). Graduated debt free in May 2022!
🥰👏🏾 Congratulations
Congratulations Jen! That’s anazing
I got out of prison, I mean college with only 5k owed. I consider myself lucky.
Good for you!!! I too graduated with my MA from SJSU without any debt! I've been eternally grateful for it!
@@Aswaggoner you are very lucky!
Dave,
I remember being 17, a newly grad from highschool and crying in front of my parents because you gave the truth about loans. My first video of you was about college debt. My parents were not willing to pay for it and it was up to me to figure it out.
A few days later I joined the army to get my college paid for. Got a bachelors in Accounting and Finance and now a home owner at 23 and that is my ONLY debt. Staying away from debt is probably the single most important decision I made while I was young.
Thank you.
Thank you for your service, you are on a great path forward.
Not willing or unable to?
@@olyalya6380 not willing. It was up to me. Definitely was not raised poor.
God bless you Mike.
@@mike7933 That's so sad. They COULD help you, but they chose not to. I don't think they were good parents, tbh.
Every High School student needs to watch this. Should be mandatory before graduation!
And every parent, and every high-school counselor.
Absolutely
i made my investment into education back in just a few years.................. its not a once size fits all solution
@@Cvr7sqr1 Fair enough, but the borrowers have to look at loan amounts, interest rate, monthly payments er the life of the loan, etc., etc. Anything short of that is reckless and financially suicidal.
I'M DEFINETLY WATCHING THIS
You guys saved me. Was two months ago from going to a private school to earn a degree that would have put me 100k in the hole but I saw this and decided to switch to a state school that I can commute to and pay cash for. Forever grateful
Wow that’s awesome. Good choices. Your future will be so much better than otherwise. Good job
Smart decision!
That is awesome, good on you! A lot of people can't swallow their pride and make that grown up decision. And I truly believe you will be rewarded for it.
Thanks for letting the public see the movie for free, appreciate it. 👍
Its been out for about a year now behind a paywall at ramsey solutions.
BOTH of my kids, four year degree, UTA and A&M, one lived at home and worked while going to school "knuckled it out". The other Scholarships and summer jobs. Paid for cars, zero debt. I couldn't be more proud.
Thank you Dave Ramsey, you helped us change our family tree.
Financial liberty is a mindset and lifestyle truly.........have to enforce it young! Great job!
@@TheSoulCrisis The mindset is the minimum needed, but not sufficient.
They were lucky to be allowed to stay at home. That that was even an option was a great fortune. Some folks kick the kids out at 16 or 18, telling their kids they are doing them a favor and teaching them how the world really works. No one is just going to give you things like a place to stay!
Not everyone is that lucky!!
@@margaritayavila7455 right, there is some luck involved, but they also worked hard. Plenty of people do nothing but party and “enjoy the college experience” outside of their class work, and use summer as simply a break. Sounds like her kids worked harder than most.
Sounds like a house divided!
You did a great service to this country by making this information available for free and available to all! Thank you
This information and stats are open data, just not many people search for it
@@pkris2237 true but it's nice to see it condensed in a documentary. Makes it easier than going out and researching information.
I dont really agree with a lot of Dave's principles but this was a nice thing to see
Ramsey is a great man.
This isn’t free. We pay for YT.
@@israelruiz8706 I have listened to Dave Ramsey for over 10 years and I agree with most of what he teaches. Bottom line, it works and will make you a millionaire if you follow his Total Money Makeover principles.
As a finance professional, I’m here to tell you, I have lawyers making $400k per year that are buried in Ivy League debt that is eating them alive. On the other hand, I have teachers and customer service reps that are financially free and living comfortably. Four years of college bliss can easily turn into a lifetime nightmare. Don’t forfeit your future for four years in that dream school if you don’t have dream school money.
I don't understand the math. How come they can't easily pay off their $300k debt in 2 years if they are making $400k per year
@@violettapatapenka9880 lifestyle creep. Now that they are big shots, they buy the house, the car, the vacations and attend their friend’s destination weddings. The image matters more than the logic.
@@jaijai1132 you nailed it.
@violettapatapenka9880 they need to live on beans and rice, drive old reliable cars, eat at home, no vacations and put every extra dollar toward paying off their student loan.
@@violettapatapenka9880 because half the salary goes to tax, mix that with influx in cost of living, credit and family then the numbers go down
This should be a Netflix documentary. We need to keep spreading awareness about Financial Education to the next generation.
That Woke platform would never
True, I just found out about this wonderful documentary on Amazon Prime!!
I wish. I found it nice that although Dave and his audience largely don’t agree with AOC, they still showed some footage of her speaking against the predatory lending companies.
I personally found that to be of good faith and liked how even on some things we can reach across the aisle and shake hands on a common issue.
They never teach us accounting or anything really useful in high school....it's algebra that most people will never use.
@@iam1smiley1 I use álgebra all the time, wym? You’re just finding information using what you have. Like calculate wages or a budget, etc
Having to reject an Ivy League acceptance offer with study abroad programs I could only dream of hurt a lot, but I realized that the costs I would incur would never be worth it.
Why isn’t this on Netflix? Excellent documentary. If I can even say “luckily,” I was able to graduate with just over $13k in debt. Fortunately, I am now an engineer.
Unfortunately, until today, I’ve only seen it on Amazon Video/Prime Video. If you have Amazon Prime it is free. I am SO happy to see that it is on here and accessible to more people.
Cause Dave Ramsey offends the fruitcakes on Netflix.
@@travelator3035 Alternate name for this documentary 😂
it seems like borrowing 13k was a good idea for you
There is a HUGE difference in taking out 13k(which is just 3.25k a year) and taking out 120k or 30k a year. Some people have credit card debt totaling more than this guy’s loans. Debt is almost never a good idea. However, assuming this guy has a job, he’s alright. It would be a different story if he ended up unemployed.
Community College never looked so good. This video should be played at all high schools. Eye opener.
Community college is fantastic. There's no shame in attending there at all.
In my experience at community college there were more people attending while working in a parallel field which added significant experience and knowledge
@@Musicienne-DAB1995I went to community college and I felt so much shame at the time. But now that I'm in my 30's I believe that was the best move I made. I see my friends who went to dream colleges and they are still so burdened.
Cc helps the first two years, but it doesn't cover the next 2-3 years to finish a "4-year" degree.
@@aconcernedcitizen8011I was able to do three years at community college and one year at a state school and ended with a four year degree.
My wife went to the same community college and got a two year nursing degree. She got a nursing job that paid for her four year degree.
Community college is a great tool to save money
If I have a kid I’ll tell them that if you just want a “college experience” you can actually just move to a college town, get half a dozen roommates, work a handful of hours a week and spend the rest drinking. It’s really not that expensive to do that.
True
Beyond that, if he spends the rest of his time reading the front section of The NY Times daily, he will have about 100x more useful and relevant knowledge and understanding of the world than any history, sociology, or political science major who wasted four years and $250k on a worthless degree.
@@joefunk76 Well not if he reads the NYTs
@@KillerofGods okay, the NYT is maybe not the bastion of journalistic integrity it was some decades ago but you get my point
Hahahaa!
Every high school in America needs to show this video to their students
Such a great documentary. I had parents that thankfully steered me away from student loans before I ever knew who dave ramsey was. I worked my tail off in a factory every summer (12-16 hour shifts) and my parents sacrificed alot and I was able to be the first person in my family to graduate debt free with a bachelor's degree. That was 20 years ago and I'm 100% debt free to this day including my home. The culture definitely preys on our youth and its absolutely disgusting.
Wow! Congratulations! My parents were anti-debt as well and I graduated debt-free and currently working two years to save up for Graduate school! 🎓
We are a nation of following what “leaders “ say is the way to do things. I learned late. You were lucky your parents were “weird”
Good job fur
Congratulations on a job well done. Dave Ramsey is truly a blessing. You can just listen to his UA-cam videos and become debt free on that knowledge along.
Praise God!
I graduated with 24k in debt in 2011. After 9 years of deferments , forbearances, and income based repayment, my balance was 39k. After I started Dave's plan, I was able to pay it off in 10 months. Worked my BUNSSSS off. Totally debt free , paid off 50k total in 13 months. Debt free here on out. Never looking back.
I remember the day I paid off my student loans, it was the most freeing moment of my life.
What I like here is that these aren't people who studied some obscure degree sitting in their parents basement complaining about their loans as some people try to portray them. These people studied for degrees where they should be able to find work, pay back the loan, and contribute to society. This is who is being ripped off by this system.
Yeah but...the one young girl went to NYU for $75k yearly for a music degree. She is going to be burdened for the rest of her life. The other girl decided her love of Duke wasn't worth $300k and will probably never regret that decision.
The orthodontist broke down in tears about his debt and paying it back. But in the time between the footage and end credits (1-2 years?), they paid off $400k!!! I bet Dave sat down with him and got them on a serious debt freedom plan.
@@brianmccain8818 truth
Some of them. I truly appreciate the nuance in this documentary. There are plenty of ridiculous, entitled people here, but also people who were gamed by the system. They needed the degree, and the degree was inflated by the long-term interference of the federal government.
I went to law school and graduated 100% debt-free in May of this year. It was one of the hardest things I ever did. I had to apply for outside scholarships and run my small business part-time while enrolled. And the world went crazy in the midst of that. But I did it. I graduated in the top 10 of my class and also passed the bar exam with plenty of room to spare. Higher education does NOT have to come with student loan bondage. You can do it another way. Believe you can and get after it!
Way to go Seth! I tip my hat to you. 😃
How much was your law school tuition
You do know definitely not everyone can do what you did the way you did it
@@willjbird3342 And? Not everyone's journey will be the same. Others will have their own unique ways of making it happen. But they have to want it badly enough to think outside the box and truly believe they can have a debt-free degree. My journey has its unique aspects, absolutely. But it's a testament to the fact that going into debt for a degree is not inevitable if you determine to do it another way.
Plenty of room to spare? What state bar reports anything more than Pass or Fail?
Got my bachelors and masters degree debt free! Currently making over $100k in a field I enjoy. I suffered ultimate pain and sacrifice working 2-3 jobs during college to make this happen but it was all worth it!
Well done!
Got $35000 in debt for my first degree that I don't even use. Paid it off with a near-minimum wage job in 2020 and on I'm track to graduate with my associates in nursing, debt free next semester... I'm going to find an employer to pay for my my BS if I decide to go on. I got out due to a lot of sacrifice and hard work. Never again.
Way to go Helen! Your post made my day! You are the STAR of Rock Stars! 😃😃😃
How many years did that take on 15k pre tax income? Like how did you pay for food and shelter?
Good job
I was told that the only way out of poverty was a college degree. I enrolled in the income based repayment plan and now 24 years after graduation I owe more than the day I graduated. I wish I would have had seen this before I enrolled. The American Dream is a nightmare. I will never be free of this albatross around my neck.
Follow the financial peace seminar from Ramsey solutions. All the videos are online. These baby steps will free you. You can do it!!! Believe there's a better way.
You were deceived. I am sorry. But you CAN get out of this!
This makes me feel like America preys on the working people like it’s just a giant business we don’t have any ownership in
Sorry to hear it. However, I thought the loan program was to forgive the remaining debt after 20 years of payments? Although it may apply only to newer loans, but surely it is worth checking into.
I am nearing the end of a student loan payoff journey that started at 109k and is currently at 16k. I am a regular high school teacher. There are so many aspects of this documentary that ring true. As a 2002 HS graduate we simply weren't as savy and online learning was in its infancy. I wish I had done things differently but I can now say 'I am not where I want to be but at least I am not where I used to be.' Keep working hard, be goal driven---- and I hope everyone in this documentary is richly blessed at some point in their individual paths.
I'm so glad I found your comment. Congratulations to you!
Insane props to you. Paying that off as a teacher i am CERTAIN you had to sacrifice…glad you’re close to the end, friend
WOW, 109k student loan debt -- so proud of you for paying it down to 16k. Congratulations indeed!!
You've done so well to get to that stage. Well done. Keep going.
Also an 02 grad. My parents told me over and over to never have debt. I went to school in constant fear and anxiety of losing my academic scholarships. I worked and my parents helped some. Then I graduated and paid off my husband's student loans. I did not have a fun college experience but after hearing stories like yours, I'm grateful for how things turned out for me.
I am praying for the teacher and the dentist. God bless the both of you, and I am claiming now that your loans will be paid. In Jesus’ name, I pray. Amen 🙏🏽
I’m so grateful that my parents wouldn’t allow me to take out a loan to go to the school I wanted to. At the time, it was devastating. However, they helped me financially go to a college in state and was able to graduate debt free. What a life changer! I was able to start my life free! I watched all my friends struggle with paying off loans and we were all doing the same thing no matter what school we went to. Most people do not even use their degree.
'Most people do not even use their degree.' THIS! This 100%! The quality of degrees as declined (in line with general decline of public education), yet the cost has gone UP! Massive confidence trick.
@@museumsgiraffe8423 And many of those who do get the degree in four years will then go on to do second and even third consecutive degrees, thereby racking up even more debt.
Come on it's like having a pet people seem to like pets
You're so lucky you got that rare thing called 'good parenting'
Whats stupid is that a lot of jobs dont really need a college degree - or the college degree is not useful for a job. There should be more companies willing to hire community college and technical school grads.
Good on Clayton for realizing that wanting to have fun didn’t mean college debt is worth it! That’s a tough choice that he will be thankful for!
He was the one I was really worried about. I don't think he was going to take this debt seriously so I hope he continues his journey debt free.
I remember feeling so dumb and behind for not going to a university after high-school. Was the best thing for me and I attended a community College and graduated debt free. Put me ahead of so many people; don't sleep on community college!!!
This video should be played in every high school in America every year. Nobody should think about college without this wisdom.
My Economic teacher is making us watch this and encourages us to NEVER take out student loans
I'm not one of the lucky ones who got to watch this early. I'm in $180,000 of debt.
I did as I was told, graduated with a near perfect GPA, and am now trying to find a job. I was taken advantage of as a 17y/o kid with no family support. God bless America.
WHATTTTT THS IS AMAZING. Dave Ramsey film on student loans!? This man is changing the world, thank you for bringing this problem to the front of the line!!
Not the world...just America. The rest of the world doesn't lump their people with ridiculous loans.
Not owing anyone after owing a lot is a crazy feeling. I sometimes check my loans from time to time to make sure they are still completely paid off as if this monster came back to life. Frugal living brings peace
Walking into life debt free! Thanks to all contributors who worked on this project. Prayers and hard working plans to overcome everyone! 🙏🏼
I’m now happy to have a dad who put me to work at an early age and learn by some amazing people in my life. I’m glad to be retired debt free and making it without college. I do remember visiting my friends in college and envied them then, because they were living the dream. The best lesson I have learned is to never be envious, it’s a horrible trait.
They ain't living the dream now seeing they have student debt and you don't lol.
You're so right. You NEVER know what "the other side" of somoene's apparent success is.
This is crushing to watch. Dave is really doing society a service by putting this very real advice out there
You Americans need to protect the man at all costs. He is literally doing the Lord's work.
Didn't go to college instead went navy and learned what it meant to work hard. Now learning to be a welder. So glad I never go into debt
The day I look forward to is the day I have my student loans paid off. Until then I'm grinding as hard as I can to pay it off. Can't wait for this weight to be lifted from my chest. Dental school is robbery. I watch Dave Ramsey's videos almost everyday to stay motivated to keep paying more than the minimum.
You got this.. you can do hard things. 💪🏾
Visualization is powerful, visualize yourself being out of debt and you will do it!
It’s a totally different world. You feel the weight come off your shoulders, and if everything else is paid off, it’s not a matter of waiting to retire, it’s when would you want to retire. Also gives you the incredible gift of giving. Keep grinding, only makes you sharper. KEEP HUSTLING!
That's it. The only way to free yourself is to pay them off instead of waiting for someone to do it for you, which will never happen.
I know some people with 100k loan for a bachelors in anthropology. Atleast once you are done with school your starting salary is close to six figures as a doctor.
I'm making my teenage daughter watch this tonight with me. I will not let her fall into the debt trap.
Amen!
From Australia, graduated undergrad and post-grad debt free. I didn’t have the real life experience of living in student loan, but watching the documentary still made me emotional. Like I’m right there with them suffering while being in debt. Made me cry. Well produced documentary. All American high school students should definitely watch this before graduation.
You have HECS and HELP loans in Australia right? Those are income-based loans, yes?
@@Derek032789 yes but you need to reach a level of income for it to start paying it back. Plus as far as I understand it’s only on your first degree, everything after that is on your dime
@@Derek032789 Yes there is HECS/HELP which is Australian student loan system. It is run by the government. You do start paying when you earn more than 51k. The amount you pay is based on how much you cross this threshold, therefore it is income based. There is no interest on the loan, but the amount is adjusted to inflation.
I’m one of the lucky ones that didn’t need to take on debt. I received scholarships. Very grateful.
@Derek032789 Those loans are interest free but adjusted by inflation each year of funds remaining.
I quit college and started my own company. I’m making over $125k a year. It’s not a lot but I do live comfortably and zero student loan debt.
You earn considerably more than most college graduates.
It was really sad to hear the teacher talk about his degree as a symbol of pain. A very good motivator for me to help myself and my kids have a plan for paying for a college education. I would not like to see them living in misery like that.
Every family in America should watch this show together!!! Very informative!!
I’m impressed with Clayton’s decision at the end of the video. He initially came off as interested in the temporal happiness of the now, but was influenced by the wisdom of someone with more experience, a mentor, to make a wiser more mature decision. I hope he sticks with his pursuits and finds success and happiness!
Agree. My fear is he won't even try to go back and get stuck in the inevitable "rat race"
I am happy to say that yesterday I paid off my student loans, only took me 13 years to pay the debt with one loan at 13%. I will never get a student loan ever again!!!!!!!!!!!!!!!!!!!!! I wish I knew then what I know now.
I’m so glad I dropped out of college 30 years ago. I have no regrets. College wasn’t for me.
Wish I had done it earlier. Not worth the money then or now.
I’m grateful that I’m not in debt because of my education, but college is overrated!!
Definitely not a necessity to succeed in life,I've discovered.
“the experience” is the repeating phrase I hear from everyone who justifies student loan debt. I remember the financial discussion we had at the start of college, I remember feeling like I needed a shower after listening to the person speaking.
Let’s acknowledge the production team on this project! The first visuals with the chains and the student with a degree is perhaps the greatest visual that could explain the current state of students all across the country!!Goosebumps! What an amazing documentary!
God is good. Our sons graduated debt free in 2020 and 2024 (this Mother’s Day😊). Hard work and smart choices.
What is sad is that young kids are encouraged to borrow these massive amounts of money before they have the maturity level to realize just how stupid it is and how impossible to pay back. Then they expect everyone else to pay it for them. The kid is right... teenagers make boneheaded decisions. Not disparaging them - they simply do not have the life experiences and maturity to know better than to borrow hundreds of thousands of dollars.
I was saddened to see couples having to go out of their way to donate plasma, which is another scheme where the blood banks get rich, in order to make a few extra dollars to make ends meet. This is after the college diploma, which was 'supposed to' put you ahead of the pack. Too many schemes placed on the kids. Seems diabolical.
... and if you, the parent advise them against it they don't listen anyway because "everyone is doing it!"
What be just as important is evaluating how relevant is the degree that is being sought, what is the demand of for that degree, how much the college training is relevant to the day to day demands of that position and how many other people have that degree in relationship to the real demand for that particular degree. Going higher up into the Graduate level the course work tends to be more specialized for a certain field and useless in other fields and if that field is overcrowded that could be a problem.
Blame George Bush's NCLB forcing schools to push college on EVERYBODY and stigmatizing trades for 20 years. My public high school forced us to apply to colleges and prevented you from doing trade classes until junior year.
My parents encouraged me to get student loans because they would not pay. Borrowed student loans in 1994. I'm down to $95,000 for an accounting degree. I went back to school at 40 years old, paid out of pocket and got scholarships to be an RN. Making way more money with an associates degree in Nursing than I ever even thought of in accounting. Still paying this ball and chain student debt from 30 years ago though. If the government had wanted to take off some of it, which would have been all interest, I would not have stopped them. The banks have been absolute slimeballs! My kids will not be living with this same mistake.
“It’s good to have a degree as a fallback plan”
There is no fall back plan when pursuing your dreams. You pursue until you accomplish them
I appreciate the work you do. Graduating from a 4-year private university without college debt because of early scholarship searching.
I'm from Spain and I know this type of debt is weird in Europe, yet Ramsey has taught me how to be responsible with my financial future. I really appreciate your Job Ramsey.
This crisis inspired me to write a book about how I earned two debt-free degrees to offer hope and inspire the next generation of college students to avoid this nightmare. This is a tremendous awareness film. Thanks for making it available. I will be sharing!
Could you maybe give me the real short version here please? I would like to do the same. Id buy your book if you publish it - Im desperately trying to discern if I need to go to college and how in the world to graduate debt free like many of you, if I do. Would appreciate more info.
Private high schools are like this too … fancy buildings, extra curriculum activities etc
20:11 happy to report I have finally paid off that debt as of a few years ago. It was a grind… but a big relief. And now I’m free to pursue financial independence.🎉
Graduated from a private university this past May debt free by the grace of God and Dave Ramsey. Worked full time and got so many scholarships, the college gave me a $4,000 check when I graduated. My advice to students in HS is to take as many CC classes as possible and to start out in a CC college. I did that and I got my batchlors degree in business in only 3 years completely DEBT FREE.
Well done-- and great advice!
Yeah.......doing that in a private university is even more impressive!
Yes and yes … start at a CC - the go to a 4 year university
I only took out student loans for my Master's degree. Thank God I got rid of it YEARS ago. I've seen this moving 2x, and it still makes me sick. Thank you for making this video the world needs to hear this information
I had poor grades in HS but graduated in '91 - I think my grades protected me from expectations to go to a larger university so I just got a music scholarship to a junior college and had no debt. My career started slowly at first, but I was able to get further from gained experience to the point I feel like I have a life and salary I am proud of.
Got a job and used tuition reimbursement. Took 12 years to get my degree but graduated debt free.
Respect
Everyone thinking about college needs to see this! Thankfully my (now) wife, found Dave near the end of college. It was late, but better than never. We were able to climb out of the student debt hole, but it cost a pound of flesh. If we had to do it again, we'd take all the tips here seriously. We're now debt free and on the way to building wealth.
Well done!
This should be required viewing every year of high school. It is so informative. Thanks so much for putting this together and opening people's eyes to the student debt crisis. It needs to stop 🙏🏻❤️
The kid who flipped the lawnmowers is going places! So happy for him!
Glad I realized I could make more money without student loan debt by starting my own business!
This should be a mandatory video to watch for every senior in highschool.
The videography, graphics, music, creativity on this project is outstanding! Kudos to all! Love it ❤
Probably took someone with a college degree to produce this!
Man that guy with the lawnmower hustle is going to be successful. I can already see it. Props to him
and his mother ❤
My parents took FPU when I was 6 and got out of debt. I grew up with the Ramsey principles and went to 4 years of college and 4 years of graduate school without student loans, and it was not paid for by anyone. No handouts. I did it with scholarships and working 2-3 jobs all 8 years! I worked my tail off at all times and my friends said I was crazy but it is SO worth not having any payments! And I still had a ton of fun in school!
It’s not so much about the student loans, but the colleges having no accountability for their products, prices or outcomes. We need to attach that accountability to the colleges or we will never be able to fix this problem.
True. Student loans are part of a wider problem.
Actually they do have accountability, offer accommodation and facilities like a good hotel in a sports centre and you attract the highest prices based on your rating. Complete accountability.
What sucks is when you parents pressure you into going to college even tho ur not sure what u wanna do yet at 18. Im 30k in student loans and dont even work in that field.
As a teacher who fortunately had scholarships throughout college (band and good grades), I constantly tell my students to avoid student loans.
God bless you. Saving lives.
That makes you a teacher of life. Keep it up.
I'm 48, deaf, and autistic. There is an 85% under-and-unemployment rate in the autism community. My parents are frail. I've been struggling for many years to boost my income so I can pay off all my debt. Now, things are more complicated with all the ridiculous "mandates" that conflict with my sincerely held religious beliefs. But, I still have hope and I've been making steady progress learning valuable skills like data analytics and web marketing.
A dentist who’s life is tied to student debt, as the vast majority are, now has to charge the unreasonable prices they charge, just to stay afloat… same with many other professions… so ultimately the entire society suffers due to printing of money that banks get to give out to students. In reality it’s a scheme that puts the chains on all people because the ramifications of those loans go far beyond the individual who got the loan.
Wisely stated...❗😌
I typically do not listen to Dave Ramsey, but this was a very well-put-together piece. It shines a light on the plight of the average graduate who thought this was the path to upward mobility.
First I want to say Thank you for sharing this on UA-cam free of charge. I would also like to say thank you for changing my mindset on money in general. My wife and and I were 224k in debt including our mortgage in 2018. We are now less than 140k in debt and have cash flowed our daughters post high school education and are currently cash flowing our son’s degree in pro flight which isn’t cheap!
Thank you team Ramsey for all you do
I've been hoping this would be available on UA-cam! I loved this documentary and the comment section!
I cried a few times while watching this.
I am still working on my baby steps and will continue to cheer everyone along on their debt free journey! ❤
Thank you! ❤❤❤
Great info! The best money advice I received was from an older anesthesiologist I worked with. He said, keep living like a broke student after you start working and pay off your debt as fast as you can. It worked and made all the difference in my life!
I think when college graduates get out of school they start living the good life with a great job but if they don’t pay off their debt first, their dream becomes a nightmare.
This needs to be on Netflix! So glad Dave has huge influence.
Went to a JUCO for the first two years and was a student athlete. It was one of the best decisions ive made in my life. Finished last two years at a private and have paid off all $40K of my loans from private school in 3 years. Thank you guys for producing this and making it accessible for everyone. My kids will be going to community college.
I didn’t know the first thing about money when I graduated with about $15k in student loans (thankfully it wasn’t more). I took FPU at my church soon after graduating and paid off my student loans within a year and never looked back. I can say after 10 years of following the plan, it absolutely works and Dave Ramsey changed my life.
I wish I would’ve known this sooner in my career. I graduated with a doctorate degree in 2016 with 110k in debt that has gained interest over the years. I’m finally following the baby steps and am trying to pay them off in the next 4 years. Aiming to be debt free by 40. I wish this documentary existed when I was 21.
I can clearly understand. I'm moving back to asia so I could pay off my student loans
I should be done in thirty months. I will be 46.
I couldn’t get the loans everyone gets because I’m a foreigner but that saved me my mom pushed me to work and study at the same time and that’s the best thing I could’ve done.
I was hired to be a college and career counselor and received zero training. I had to figure out the job on my own and I actually cared about the students success, imagine if I just wanted a pay check. I can see why these students struggle to find scholarships, the staff isn’t even trained on how to find them.
Dave,
Because of you (and a lot of hard work) I've never had one penny of debt despite having a connective-tissue disease.
I am in my sophomore year right now and on track to get my bachelors debt-free!
Watching this as a 70 year old 😢 left school at 14 in Ireland worked at all sorts till my retirement.
Paid off my wife's tuition before we got married. Prior to that I joined the military and got out, used my GI bill, went to a city college and graduated. My daughter is 12 years old now and I've already started telling her we can't afford college for her and that she's going to have to do her best to get a full scholarship; even though I opened a 529 plan for her since she was one years old. She can go to an ivy league school if she chooses to go for her masters and doctorate degree until then she will go to a local college and staying at home.
I won over $13k in scholarships in just my first year! They’re so overlooked and undervalued it’s ridiculous. So glad I did that and graduated debt free from college, I can’t imagine the shackles my peers have for the same education.
Great job Ramsey team! Thank you showing it free. So sad that student loans are big business. Years ago, when I had student loans, I asked for a 3 month forbearance, was told no payments, but interest would add on. When the payments restarted and I saw the big jump in interest and payment, I knew they were not my friend and got gazelle intense to pay them off. So grateful they are paid off. Told my own kids, debt for college is off the table. Hang in there borrowers, take one baby step at a time. Stay strong.
David is a real inspiration.
I'm currently working on an Economics paper, my topic is "should college tuition be free". This documentary gave me just the insight I need, thank you so much for making this available. Debt has become such a norm in todays world and its truly disgusting, praying for everyone that owes.
Maybe not completely free but payable. 200k to 500k for is daylight robbery.
College attendance can never be completely free, because if it is, the money is coming out of someone else's pocket. College professors and schools aren't going to let you attend and use their time and utilities for free. Tuition has ballooned out of control because schools realize they have easy access to guaranteed money if they can lure people to their school, so they are putting the explosive tuitions into building more attractions to lure more and more students there. That cycle needs to break if people have any hope of putting those schools in their place. Alternative/Online education certifications and companies willing to consider those other forms of education can get that process started.
Nothing is “Free.” In European countries, they are taxed 60%-70% of their income which pays for college (and medical care) AND, their population is FAR lower than America. Around 35million people+ compared to over 300million+ Americans. NOTHING IS “FREE.”
This has to be the most eye opening video I have ever watched and now I’m going to strive to work in order for me to be debt free. Thanks to everyone involved !
I have learned far more on UA-cam than I ever did in college. It's not even close
Me too
One problem is that many entry level jobs now require a degree but it doesn’t mean you have to get one from Harvard. It can be from a cheaper school. I’m an entrepreneur so I’m not really effected by it personally
What irritates me is when that entry position does not really need a degree. In my country, I passed so many jobs over which I could have done, if not for the fact that they were demanding a Bachelor's.
This should be shown to all high school seniors. Mandatory!!!
This was a fantastic documentary...To graduate debt free, most students should attend a community college/in-state university, take CLEP/DSST exams to knock out common credits, apply for scholarships, take online courses to cut down on transportation/living expenses, and ONLY take classes from a REGIONALLY accredited school. National accreditation institutions are trash.
Student Loan Debt is no joke. It's really is a problem.
Excellent work here guys. I've been telling young people this for 30 years - to no avail. We need skilled laborers, craftsmen, builders, etc.
Exactly. If the money had been diverted towards this kind of training, then there'd be no reason to rely on mass immigration to plug a skills gap that doesn't really exist.
I went to a trade school to be diesel mechanic worked 5 years at a dealership which paid for my school got me experience and specialty certifications I own my own shop now and am one of the only shops in my area that excels at troubleshooting the emissions system on the modern diesel engines and I can get it in and out in half the time the dealership can people are willing to pay the extra money for a quick and quality turn arou
You can make 25 an hour about a year out of high school working irrigation. 300 bucks to get certified and trained. Even more in trucking or plumbing though you'll pay more for it. Still, it literally takes 1 year MAX to get trained.
I joined the military to pay for college they had a G.I. Bill at that time. This plan still exists I wish more students would do this. And by the way no one makes you take a student 👨🎓 loan 💵.
Think everyone should, join the military.
Is there non-active duty things that some people can do? I literally could not do all that boot camp and such. I am literally not bulit for it.
It's not so much as to no one makes one take out student loans it's the fact that student loans are more popular than vocational training and self employment opportunities. These things just recently began a high school curriculum.
@@p.t.9171 I would do it again just for the fitness part. It’s really not that bad. Just don’t go during extreme end of the weather
@@p.t.9171 Join the Air Force. 😉
I’m lucky that just a few years ago that I finally started making enough money to aggressively pay down my student loans while also being able to pay my other bills. I graduated 10 years ago & I just started paying more than the minimum monthly payment a few years ago.
Omg, I was in tears watching these men and women talk about their debt. These student loan companies should all go to jail, along with the politicians that ignore this horrible injustice!