I Have Student Loans and No Job
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- Опубліковано 30 вер 2024
- I asked college graduates the infamous question, "How Much Student Debt Do You Have?"
I didn't make any big edits on this video. I wanted to give you guys an uncut and unfiltered interaction between me and these students I ran into. People might think these questions are uncalled for, but I think it's necessary to be as open and transparent about the different ways to fund your education. Over the last 4 years, I learned how to navigate college as cheaply as possible. And at the end of this video, I give you my THREE TIPS to save thousands of dollars when seeking education.
Also, I recommend reading Anthony Oneal's book: "Debt Free Degree" this inspired me to do WHATEVER IT TAKES to avoid debt so I can start my career on a good foot.
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Thank you guys so much for 50,000 subscribers!
That Hispanic girl that funded her education by being a server e.t.c MAD RESPECT
Very inspirational!
@@jcrodriguezco not really bros. she paid out of pocket for 2 bacholer degrees...now she broke, she gon start at 75k at a hotel..which literally means like 40k after taxes not including bills apartments food etc.. leaves her with maybe 20k work with.. 20k a year when she couldve really saved all that money she paid out of pocket and with the student loans ...she wouldve paid it down with the new job. nobody ever got wealthy or have alot of money by using thier own money esp for school and bachelors. I make 88k a year doign something i never got degree or even college for, but thats not my main source. I also make over 150k from assets which i chose to use my own money for. Have a good 1.
not really bros. she paid out of pocket for 2 bacholer degrees...now she broke, she gon start at 75k at a hotel..which literally means like 40k after taxes not including bills apartments food etc.. leaves her with maybe 20k work with.. 20k a year when she couldve really saved all that money she paid out of pocket and with the student loans ...she wouldve paid it down with the new job. nobody ever got wealthy or have alot of money by using thier own money esp for school and bachelors. I make 88k a year doign something i never got degree or even college for, but thats not my main source. I also make over 150k from assets which i chose to use my own money for. Have a good 1.
@@elchessboy0wnzuagain give us your full name, linkedin, and what you do for a living
Sounded like BS to be honest unless she got help from the state or something and she didnt mention it. The cheapest option I have is 10K per semester and from what I understand it's one of the cheapest colleges in the country.
huge kudos to the hispanic girl for working her ass off to fund her own education!!!!
Real talk! That's a grind!
75k in Hotel Management? How is that possible?
Sounded more like BS to me or they left out some key context. Working some low wage job won't isnt going to cover your basics necessities never mind college tuition.
I will say a lot of scholarships are pure luck. I finished high school with a 4.9 GPA and an AA from a community college from DE. I applied to my school's scholarship to help me pay for college, but they instead picked their favorite student even though they already had a full-ride. Now I have a job on top of my studies and I still can't afford college. Sometimes no amount of hard work helps. Sometimes you need luck.
So correct. The teachers will direct their fav kids to programs that will get them money Or the colleges that pay for the free ride.
Thanks for posting this. I have no idea why people feel the need to claim they worked at Macdonalds or some other ridiculously low paying job and claim they paid for their college tuition.😂
Did you do will on the ACT or SAT ?
@TheSeeker225 I got a 1270 on SAT, and I was so discouraged that I wasn't getting any scholarships for any decent schools that I just stopped trying and gave up, which I don't recommend. Right now, I've worked hard enough to get a really good finance job, which instead helps me pay for college. With hard work, college is possible. Just know that certain people can't get certain scholarships no matter the effort.
@@michaellagessie3873 If you had been in Louisiana you would've gotten a mereit based schlorship. The merit based scholarships here start with an ACT of 20. The public school are absolutely horrific so you won't be prepared for the SAT or ACT unless your parents can afford tutors. For example the average ACT score at my local public high school is 19 which isn't even enough to get financial aid.
$30,000 just to pay rent? Hunny, you'll be lucky to get a cardboard box to live in with that income.
Not in any major city. She would be sharing with roommates.
@@annhans3535 You've never lived with roommates have you?
@@adequatequality No. When I finished school years ago, rent was still cheap. So, if you made even 30k a year you could have been able to rent an apartment by yourself. But these days a three bedroom apartment is about 3200-4000 a month in NYC. A studio can be anyway between 1000-1500 depending on size. At 30k a year all your money will be going towards rent if you lived alone. That is why most young people these days live in shared apartments.
I think we need to stop promoting "dream" school... need to encourage community college and state schools. Student loans have destroyed generations
I've applied to so many scholarships each year and no luck. I did go to community College to be as much debt free as I can. Then transferred to university for my bachelor's degree. I have 15500 debt but still. Scholarships are all about luck and it just sucks how long these applications can take too. I was a full time student taking 5 courses per semester. If you're taking 5-6 courses and working a part time. Do you really have a life? You're also affecting your mental health, so I don't think it's as easy as it sounds. Not everyone is good at sports or likes sports to get that kind of scholarship. I did great in school and got the academic scholarships but not enough. Scholarships are all about luck.
Girl at 1.35 is my role model i swear
Mad respect
yeah Ikr, does she have UA-cam? Like I need to follow.
@@lamusiquefanatique samee i might stalk her on Ig after exams like networking and shit 😂
35,000? Me in medical school wishing I only owed that much lol
How much
@@reefym2627 a lot....but I'm doing work study to help pay some of it off while I'm in school.
@@reefym2627 Probably in the hundred thousand range
Good luck o hope you'll be able to pay it off
I paid 100% on my own. Graduated with 100K in debt and only got a 10K scholarship for the 4 years total. Paid all of it off in 2 years 10 months 9 days and bought 3 houses along the way, got married and had a baby. It is possible. Graduated May of 2019
Wow! That is amazing. What advice would you give to someone who is trying to pay off their debt? Also, how were you able to buy houses while paying off your loans?
@@lauren7006 Advice, well the simple live below your means is always a great place to start and frankly the hardest part to achieve while starting a career. Because when your career starts you make nothing and as you start making more every person you know and all media you consume tells you stories spend more because you make more and that's what you're supposed to do. But THEY ARE LYING! DONT FALL FOR IT! If you live by the live below your means mantra you'll pay off your debt in no time. As for what I did. When I graduated in 2019 I happened to have $10,000 that I used to buy a car (Because I needed one for my job) now that $10,000 came from 3 years of part time real estate work and odd jobs so you break that down and I really only made $3,333 a year and happened to be fortunate enough to live with my parents and have them cover my expenses during summer (I paid for 100% of everything during the school year and winter breaks) next I started working as a sales rep for Lennar Homes in San Antonio and went $12,000 into their draw before my commissions started coming in. I was selling 4-6 homes a month but they were all dirt and it took 6 months for me to finally have a sale that closed because of construction time. Once things started selling life got easy (Also by the way for 1 year after graduating I gave myself a $500 budget a month for everything) I lived in a popup camper trailer in my parents front yard for 1 year after school so rent free but not luxury. And saved everything I made. At the time San Antonio's average home price was $250,000 and I bought a home downtown in a neighborhood called Denver Heights on the Eastside for $175,000. It is a 3 bed 1 bath home and I moved in and rented 2 of the bedrooms out to my younger brother and a guy off craigslist who still rents from me today. I did a 3% down conventional mortgage. That same day after closing and funding I paid off my first of 3 loans a $25K loan and depleted my bank account to a total of $3,000. I then 1 week later started a new job as the sales rep at a company called Terramark Urban Homes. The largest private downtown residential for sale developer in San Antonio. Repeat the same starting out process I had at Lennar and boom 10 months later I bought a second home in Bandera Texas for $144,000 with a 10% Down Conventional loan. On my day of closing I found out I was going to be a dad so I shifted this STR vacation home into a long term renter to have stable income and have been renting to the same woman for 1.5 years now. The same day of closing I paid off my second $25K student loan. And after that I kept working and saving and my fiancé and I started looking for homes to have a family in. We couldn't agree on style or location and so I went to my boss and asked if he would sell and build me a custom home in our custom neighborhood in Northwood (Near Alamo Heights TX) and he said yes and I spent 6 months designing and working through financing for the home. I sold A LOT of houses in that 6 months and I saved up more money than expected and closed on a $586,500 construction home loan with 5% down conventional financing in March. As with the others after closing I went and paid off my last $50K student loan for a total of $100K in student loan debt paid off in 2 years 9 months and 2 days. In that time I also bought an engagement ring and paid it off and paid for a birth. I hope that answers your question. And didn't sound too obnoxious as it's just what actually happened. One last thing, the banks counted my rental income which helped to pay for each home's later purchase because they were never vacant and never late payments.
@@pjacksII Thank you for the well thought out and detailed response! It sounds like you have found a lot of success. I took a screenshot of your reply so I can look at it often. Nobody has given me such a detailed explanation but yours really helps. Thank you so much yet again 😊
Hey bro! Thanks for sharing this info. I'm a Filipino student in Paris. I'm thinking of getting my Ph.D in the US through scholarships. But, I guess gotta work first here in France to catch up with my tuition and living expenses here, so expensive here man. Thanks to my apprenticeship, I'm able to support myself and not need to pay tuition for my Master 2. God bless and share more videos man.
Yeah man! Utilize your unique situation to find scholarships specific to you. Good luck!
Why come here ? The education is cheaper and better quality especially in Europe.
@@TheSeeker225 Actually , yeah. I just graduated from Master of Science in International Business Management last March. Fortunately, I'm doing another one, Master in Law, Economics and Management. Just doing my finals and voila, waiting for another graduation next year. It's an amazing experience working and studying here.
Sounds like your better off there. For example I graduated in Louisiana with over a 4.0 GPA, yet I didn't get a penny to help pay for college I didn't have parents either so I went straight to work and took out student loans to go the local community college 10 years later I'm 50k in debt for an Associate degree I'm not even using. I could go for a bachelors, but that's roughly 10k a semester which would put me at nearly 100k when I graduated.
75k for fresh grad at a hotel? Hmmm. Suspect.
Rich parents
$30,000 income is not enough to pay rent btw. At most it can pay for a rented room with a ton of roommates for $500 or less a month. U have to factor in bills and utilities after that.
I’m gonna have 100k in loans. I do have a job lined up though
That's nuts hoped it worked put for tou.
Super Important video ,People need this information !!! Let’s get this man on Dave Ramsey 👌
That what I'm talkin about!
Just made my last pmt to my $41k student loans. Graduated may last year, landed my first job à few weeks after graduating
Wow that was quick! Congrats on your hard work and discipline! You are a success no doubt
All these salaries they're talking about... is it annually?
I worked before I went to college and saved money. I applied for ever type of financial assistance possible and got what I could. I would say I spent ten hours a week for months filling out forms for financial aid. So in a way, I worked for that too. I worked while I went to college. I got out deep in debt. Deeper than $40K by a lot. And I worked two jobs after college while trying to get a job I actually wanted. Bartending, waiting tables, busboy, construction, management, etc. I feel for graduating students. And personally, I think college should be free to any student that maintains a grade point above 3.5. But wiping out college debt without some kind of work in exchange is not the way. There are plenty of jobs out there. Employers kind find enough workers. And on the other end, welfare needs to cover food and housing. Nothing more. No alcohol, tobacco, cars, drugs, etc. If that isn’t enough, get a job.
Dave would be disappointed, no basket-weaving degrees 😜
sociology is a pretty bad degree though
Sociology though….
I'm going to be a 5th year too 😅 with 29,000 in debt but I have been putting 200 every so often since I work 2 part time jobs
Patricia Andrade, huge respect
when i go to university i hope i'll be able to get a scholarship so i dont have to pay 12,000 dollars
What are those scholarships that you just have to maintain a good GPA?
Yes, for my merit based scholarship i had to maintain above a 3.0 GPA
it depends where you are and what college you're going to. for example im in florida and we have something called brightfutures which is a full merit-based scholarship - if you have a 3.0 GPA and a 1350 in SAT you will automatically get it and be able to pay strictly tuition, no room & board, registration, mealplan, etc.
Depends on what state you live in. For example I live in Louisiana and even though I maintained a 4.0 G.P.A I didn't get a penny to help pay for college.
When you mean salary do you mean in a year??
Yes
Yessir!
I thought Goverment in advanced country subsidy healthcare and education. But yet its still unaffordable.
Here in my country, people make $200 a month (and many less) but they still can pay their children tuition Colleges.
When I was getting my bachelor's degree, I couldn't really work until my senior year. One due to my lab studies that went through the nights, two due to transportation and the other was lack of jobs available. Ended up being a cashier for my senior year job for 7.25. Now I'm continuing my education, but my total loan debt will be about $200K due to lack of efficient grants and scholarships available🥴 this journey has definitely taught me to start saving money early for my future little ones.
I went to school here. When talking about scholarships here, it should be known that Florida has a bright futures scholarship program for those who attend a FL high school. You can either get 75% or 100% of your tuition covered by the state. There’s also Florida prepaid, where your parents set $$$ aside for you to attend school and that’s what finances your education. So a lot of the scholarship money mentioned in this video was actually secured in high school, or early in these peoples’ childhoods when their parents were building their college fund. Otherwise, scholarships are incredibly challenging to get while you’re in college.
This video is very misleading. The people who "worked their way through college" in reality received a Florida state scholarship because they did well on their SAT or ACT. In this case the college is in Florida and so you had to have a 29 on your ACT or an equivalent score on the SAT. The problem is the public schools in the US do not prepare you for these tests so if you are poor your parents most likily couldn't afford a tutor and so you're not likely to do well on these tests and subsequent you won't get a scholarship and won't be able to "work your way through college.🎉
Cool video! Can you please add text with their majors?
Yes! I'll add text next time
For me I'm pretty religious so I pray to Jesus to be able to go to school and he was able to grant that. I will also say that military and FAFSA is something to look into.
The Ramsey Show
Can you get me on there?
@@jcrodriguezco yaasss
Wtf is entertainment management .
Hopefully you get on the show!!! Post if you do of course!!!
Part 2 please
Yes we must ask more questions!!
not really bros. she paid out of pocket for 2 bacholer degrees...now she broke, she gon start at 75k at a hotel..which literally means like 40k after taxes not including bills apartments food etc.. leaves her with maybe 20k work with.. 20k a year when she couldve really saved all that money she paid out of pocket and with the student loans ...she wouldve paid it down with the new job. nobody ever got wealthy or have alot of money by using thier own money esp for school and bachelors. I make 88k a year doign something i never got degree or even college for, but thats not my main source. I also make over 150k from assets which i chose to use my own money for. Have a good 1.
some of these degrees just are plain stupid. Like come on now brev. Killing me dawg
you seem like a chill dude I've subscribed
Thank you homieee
Next time tag Dave Ramsey on your video description. Might help get his attention.
I have also debt of bank 30k indian rupee pay for me 😭🙏🙏😂
Went to UCF too! Scholarships paid for most of my degree!
To avoid student debt go to other countries with cheap tuittion with american standard and then come back to work here in usa
I have 2000$ debt .. im graduated no job
YES LETS GET PAPA DAVE lol!
The man himself 😮💨
Man to me college could be a scam
Paid that shit again!
meow
Which country ?
Usa
1:35
Smh… yeah I also worked through college! work study & I worked outside of school and I still have student debt so the notion that just working while in school will clear you of it is false.
And you can only do work study if you qualify for grants 😭
@@trishaspencer9956 lol you act like the grants are a crazy amount and it’s not
@@aA2GuNZz well it’s better than nothing. Literally nothing I said made it sound like I thought grants were a crazy amount 🤷🏻♀️. My point is work study can only be done by people who qualify for grants. The amount your parents need to make to disqualify you for any financial help (even help like work study when hello your working) are very low. At my sons school positions were sitting empty and he couldn’t do them even though professors came to him and asked him to apply but since he doesn’t qualify for grants he couldn’t do it even though he really needed the money. The whole college system is a broken joke.
@@trishaspencer9956 sorry I read that wrong! It’s just to early lolll but I completely agree with you, the entire system is just broken! My thing is I got grants, did work study and was working outside of school and I’m still in debt! I seen post about people complaining that that’s what they did to get through school with no loans but it’s not entirely true. It’s just a broken system, especially for minority students. It’s like setting us back 10-20 years financially
If you stay at your home and apply for college in your state then the fee will be lower and you don't need to spend money for living expenses. Then you can use all the money you've earned for tuition
please tell 4:52 which university is this
@@berylliumdotaep I know that do you know which university is this
I think UCF
@@yoleeisbored are u sure
@@designsbykeshav yes I'm sure
What's her instagram?