Here in China, our entire year of tuition is 1000 USD for other majors and 4000 USD for computer or software engineering for entire year in the best universities. People don't even need loan to go to school.
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True Story: I called my student loaners and asked for lower payments. They said No. I asked, "well i only have X amount of money after essential bills.. what do you want me to do, Rob a Bank!?" She Said, "You do what you gotta do, Sir." True Story
@@naughtieindia I said this show has the coolest looking stage (implying it's cooler than the stages of other shows), not saying it's '"the coolest" thing on the show.' Hasan has mannerisms as though he's emulating hip hop artists, but that doesn't look cool to me, it just looks try-hard. I wonder how much time he spent practicing those hand gestures :)< He occasionally says funny and insightful things, but comes across as biased or ignorant when his writers don't do enough research or omit important information. I find the intro music to be the coolest thing on the show. What do you think is "the coolest" thing on the show and why did my comment inspire you to respond?
@@drumjod His hand gestures arent practiced lmao. He's been doing them since he started his stand up and does them in regular conversations too. I don't understand how that is a point of criticism nor how his mannerisms look as if they're emulating "hip hop artists". That really makes no sense. Talking with your hands isn't a try hard thing to do, its human nature
After watching this episode I can't stop to think that this show was cancelled because it was in someone's interest to do so. Yes, I'm thinking conspiracy.
Why American's student loans are so fucking huge? I'm Chinese. I also have student loan but very small. After I graduated from college. I paid it off very quickly. So, maybe socialism is better than capitalism?
@@danyoung5072 Yeah Socialism is better than capitalism, like if Capitalism is North Korea, Socialism is Norway. But you seem you are a PRC National, so OH no non no, your country is NOT getting off sooo easily. Point one - PRC IS NOT COMMUNIST NOR SOCIALIST . A country which evicts it's poor farmers to make way for large companies, enslaves other peoples and other people's countries and disregards EVERY ASPECT OF SOCIALIST HUMAN RIGHTS AND SOCIALIST POLITICIAL LAW, IS NOT SOCIALIST OR COMMUNIST!!!!! Point 2 :- Your country has ONLY provided a platform of education which puts EVERYONE on an equal start and setting and gives opportunity to all whether RICH OR POOR so that another mass student democratic protest like the tiananmen square does not EVER happen again.
I’ve always found it odd that no one questions the schools themselves. Why are they charging so much for tuition, especially compared to tuition in other countries?
Because the govt makes loans so accessible so tuition prices go up. If loans were less accessible and not given to every student for a bunch of bullshit majors, then it wouldn’t be as expensive.
@@XLRAshon Students are so powerless, even when they employed by the university they are treated like nothing, they’re trying to form an actual student union.
Hi from Sweden where I literally GET PAID to pursue higher education. Oh and also, I'm from Syria as well since my parents are from there, and just to let you know, education is free there too. Even higher education.
@@7daimeHokage well for most Americans, when we hear "brackets" we instantly think of college basketball or March Madness, not really the NCAA organization itself.
@@zhm96 the NCAA is over all college sports in America. They, the organization, make actual billions, but they have rules that forbid any college athlete from making any type of money. Basically they are millions upon millions and players only get a free scholarship, which can be taken away if they get injured or caught receiving any amount of money or favors (like a free meal) no matter how small, which is why people sometimes likened it to slavery. It's alot more terrible stuff they do, but that's just the basics on why most people think they're evil. John Oliver did a video on it if you're interested in learning more.
Just dropped a final 12K on my student loans today and DONEEEEEE. graduated 11 years ago, upper middle class white family, with parents that helped as much as the could. UNBELIEVABLY unfair cost of education
Travers, why did you not go abroad for 10 years? This loan was enough to pay rent for 15 years in Europe or even buy an apartment. You would get a much better job with paid holidays and proper healthcare almost in every country outside of USA. Try England as it is easier with language. Try any country in Europe.
I'm an American with two postgraduate degrees and no student debt, and I'm not from a wealthy family. How did I do it? I didn't go to university in the US!
My husband and I both graduated from BYU (as a mechanical engineer and a high school physics teacher, respectively) and because BYU tuition is only about $5k per year we managed to get through without loans. My husband had a scholarship and I used a hodgepodge of methods, including one year I paid out of pocket with my childhood college savings. I am so grateful for this miracle as I am becoming more and more aware how uncommon getting through college without loans is.
"And if you don't know the difference between median and mean, your student loans were truly a waste of money." Ouch, as a once underemployed graduate with a Bachelors in Applied Statistics... that could not have hurt more.
Justin, if you are a statistician, have you tried transposing your skill set to Data science? That should make you competitive, but you need is to master the R or Python with Pandas programming language. You can get started anytime with a couple of $9-$15 video course on Udemy if you are a bit of an autodidact.
@@mentatteg Yeah not really sure what you guys are talking about. If Justin works as a data scientist or even a data analyst, it can be quite lucrative.
@@renepauls7293 thing is there are a lot of jobs that need a college education to do well but do not pay well. even in the field of law, jobs like public defender do not pay well which is why the people who are public defenders are absolutely swamped with cases. this is because people who took loans to get through law school want a well paying job to pay off those loans, and public defender aint it. and public defenders are necessary because a large number of people cannot afford a lawyer. outside of law, there are jobs like social worker, for which one really ought to have a degree in child psychology before doing. people who work in mental institutions and many other jobs. there are many purposes for making college free. one is so poor people can go to college with no debt and get a job that pays well enough for them to be out of poverty, and most of those jobs require a college degree. but the other purpose is for more people to go to jobs that don't necessarily pay well but require a college degree like the ones i listed above.
@@kupidrosalindavateri3965 you never thought that the people that have an incentive to give loans might be lying about salary estimates and employment availability ?
Thank you, Hasan, for making this depressing and frustrating topic informative and easy to understand. IMO, the US is fu$%ed. For example, I am sadly grateful my grandmother died so I could pay off my student loans. It's f-ed on so many levels. First, it means I'm privileged enough to come from a family whose grandparent had money left to give to their grandkid after they died. Second, she died due to a hospital being understaffed and unable to provide her care. They overmedicated her instead, which lead to her death, which allowed me to pay off my student loans. And on the topic of healthcare in the US being f-ed, I was hospitalized and told it would be paid for because I worked at said hospital. Three days and 30k later, I was discharged. Unable to pay off the 30k, I filed for bankruptcy (also privileged to at least have the funds to file for bankruptcy). BTW, bankruptcy does not relieve you of student loan debt. No, that stays with you and your family indefinitely. That is unless a family member passes and you can use your inheritance to pay it off. Do you see the layers of fu$%edupness that exists in the US? How are we the land of the free?
Nobody forces people to go to college. Nobody forces people to take $100k in debt. I rather have that freedom than paying higher taxes for more government services, whatever the hell that means.
@@JJSmallsthey are not paying more taxes they are just using them more efficiently. Also what you are saying is you are a jerk and don't care about other people
Exactly. Capitalism is supposed to be about the freedom to choose the companies that offer the best service, and letting the other companies fail and get out of the market. In this case, capitalism is only 1-way: companies are free to do whatever they want, but students can't even choose which ones to get services from. Even fans of capitalism should be against this.
@@nicolebrown6424 Are you *seriously* defending the banks?? The same banks whose greed & corruption caused 2008's Financial Collapse & Recession. The same banks who used YOUR tax-payer funded BailOut monies to give their top executives *Billions* in bonuses.
@@undrtakr900 no I'm not defending the bank. It's just a funny analogy...acting like holding up a bank is different than taking a loan from a bank and repaying it. I get that ballooning interest is crippling, not defending that. But if you say you'll pay back $40,000 to the bank and they give you the money and then you don't pay it back...you've stolen the money, no?
@@nicolebrown6424 see tho it's in the banks interest to get them to make you owe money by selling the idea you HAVE to borrow money to get a foothold to getting the necessary nicer things including something so necessary as an education. On top of that all that , imagine your loan and everyone else's loans being collateralized into bigger lumps of money getting reinvested or re loaned to businesses or equity firms on the market. So really the consumer is paying back a loan that's been loaned several other times because....that money doesn't exist. That number you're seeing in your bank is just a placeholder for a placeholder for a placehder which is why banks make most of their money through interest, commission and financial insurance so when the bank can't hand out anymore loans or people default the insurance companies can return 20x the original defaulted amount but those people are still in default and owe money. The point is the system essentially depends on many people to fail to make their payments to keep paying interest even if they can't really afford it. all of those things existence rely on people constantly having to indebt themselves to pay the banks fees and interest to pay back a loan that pays back another loan until that money just ends up in deeper pockets investing anyways. so who's really getting held up?? That's why banks are some of THE shadiest organizations on the planet no matter where you go you can be sure a bank is going to be shady with their dealings and exploiting any and all loopholes to the max even if it costs people and makes other people money
I get that everyone likes to be sarcastic in these types of comment sections but for anyone whom doesn't understand. It doesn't make sense and it's illogical/irrational in every way. It only benefits the people who earn money as a consequence of said loans. And probably reduces the total amount of medically trained students in America(in reference to the timestamp).
Who wants to be a doctor in the US today? If you've had your degree for a while, you're probably in good shape. But if you want to be a doctor today, I read somewhere that GPs and OB/GYNs will be in very short supply because of how much it costs, how much is insurance, and how much lawyers encourage lawsuits. Any of this true? You decide. Can you afford a doctor who graduated Harvard Medical, or U of Toledo? Are either one of those graduates worth the hundreds of thousands of dollars? Who's more stressed-the Harvard or Toledo having to pay back loans?
Yamen the poorest country in the middle east, with 4 years of civil war still send their smartest students to study abroad and the Government pay for it.
Thank you, Hasan, for making this depressing and frustrating topic informative and easy to understand. IMO, the US is fu$%ed. For example, I am sadly grateful my grandmother died so I could pay off my student loans. It's f-ed on so many levels. First, it means I'm privileged enough to come from a family whose grandparent had money left to give to their grandkid after they died. Second, she died due to a hospital being understaffed and unable to provide her care. They overmedicated her instead, which lead to her death, which allowed me to pay off my student loans. And on the topic of healthcare in the US being f-ed, I was hospitalized and told it would be paid for because I worked at said hospital. Three days and 30k later, I was discharged. Unable to pay off the 30k, I filed for bankruptcy (also privileged to at least have the funds to file for bankruptcy). BTW, bankruptcy does not relieve you of student loan debt. No, that stays with you and your family indefinitely. That is unless a family member passes and you can use your inheritance to pay it off. Do you see the layers of fu$%edupness that exists in the US? How are we the land of the free?
Move to Europe. Whatever is there that your family could leave for you after death, they should just cash out and give the money in cash. You will get proper Healthcare without losing a fortune as well. Just start applying on jobs in Europe and start taking language classes. They will not come after you when you live abroad.
How are we the land of the free? You were free to make an uneducated decision to get a degree in a field that doesn't have a high demand. And it truly is sad that you feel any type of happiness at all at the death of your grandparent.
Just apply for a job in Europe or Australia or England. Leave the USA and the stupid loan. After ten years it will be forgiven. Once you discovered live in a truly free country you will never want to go back to USA anyway. Paid holiday from first year on and proper healthcare is no luxury. It is basic for jobs outside of USA.
@@doroparker1702 This is why problems never get solved here. Everyone just wants to run away from problems rather than help fix them. It's better long term to actually fix a problem than run away and make the problem worse.
Damn we’re lucky it’s not as bad as this in Australia - this sounds like a nightmare 😩. To all you students in the US overwhelmed in debt I pray you get through it . Honestly . 🙏🏾
Natasha Kulu. Graduated in 2015 with $60K in student loans. Been on income-based repayment plan since. Current total at $88K as of August 2019. I don’t make enough to pay off accrued intterest. These are all federal loans with fixed interest.
@Mustafa Alam yet they have 170,000 Indian students in Germany Good research Snowflake (that was sarcasm just in case your dumb brain couldn't get it)....
Watched when first aired on Netflix and watching again 5 years later. REMARKABLE research, creativity, brutal honesty, cruel truths - absolutely brilliant presentation. Netflix f--d up when they cancelled Patriot Act.
@youcometome9 I mean Germany has a population of 80 million (which is pretty big as well) and the GDP per capita is around the same as in America, so I don't really see why it cannot be done in America. And btw 15-20% of the student body in German universities is international, so it ain't just a few foreigners. I, for one, am a foreigner in Germany, and will forever be grateful for the free education here.
England has SFE (Student Finance England). We can borrow for our tuition fees (£9250 a year for most courses) AND we can borrow for maintenance (i.e for rent and living costs). We don’t have to pay anything until we earn over £24,996 a year after graduation. Even then, we only pay 9% of the amount over that threshold of 25K. The interest rate is 6.3% while we study. And when we pay it back, the money comes straight out of our pay cheques. Fun fact - if our pay changes to below the threshold of 25K, we can ask for a refund. One of the biggest things is that there is only one company that deals with student loans. OH AND IT GETS WRITTEN OFF AFTER 30 YEARS.
Wow someone actually cheering the system that saw the extortionate rise in fees from just over £1k a year to £3k and now £9k..in about two decades. Yeah, not much to show off about.
youcometome9 first of all, I don’t know what you have against women but we can do whatever degree we want to. As so what if she chooses to have children? Women shouldn’t have to choose between an education and having a family. I know so many women who can juggle both. Women are capable of doing both and are capable of making up their own minds. Who are you? Who are you to decide which degree is better than another?
lisa lll the fact that I can still get an education is enough to keep me cheering. Sure, it would be nice if my 5 year course was cheaper. So what? I’m studying a really good course at a really good university. The government may be broken but the fact that I can get financial support to pay for my degree is better than me being forced to take out private loans and deal with that hassle.
Michael Rudy the government (who I voted against twice) chose to do that. The fact that I can still get an education and afford one is big fucking deal bro. I’m not saying that we have the greatest system ever but I’m just stating that we do get financial support and it’s a lot less scarier than America’s system
Hey. I've just learned the term "ombudsman", even though I've been studying law, and I think I've found my favourite law profession. So this episode may be the start of a new career. I'll be looking back on that. Thanks Hassan.
Wow, i feel blessed to have free education in my country, I could train to become a doctor for 7 years and not pay a penny in fees. America is suffocating in debt.
Well main problem with india is if you ask question to the state you will definately get into trouble ....free speach is only for them who can praise government ..
Anxiety sucks, and it isn't your fault this situation sucks so hard. You're doing the best you can, and we see you and your (and my) generation struggling under the weight. Please know you're not alone. I'm so sorry our collective ancestors have done you dirty. I had to go to war to get my college degree, but by the time I came back, I was too fucked up in the head to finish school. Three times. I'm sending you so much love right now. I'm so so sorry.
You can go somewhere else w/o giving up citizenship, lol... if you're worried about being taxed by the US that only happens beyond a certain income level.
You don’t need to give up your citizenship. I went to Europe and got my education at a fraction of the price. However - I learned the hard way that a lot of the top universities are just the elite’s way of getting their kids into “the system”. For a kid from Harvard, Stanford or USC - their classmates run the country after graduation. That’s really what a lot of people are paying for when they attend these things.
When my dad died, I made sure the loan servicer didn't know so they wouldn't demand full repayment. Usually, the servicer won't demand this unless you're behind on payments. Either way, I didn't want to chance it. I used a personal loan to pay off my student debt so is enjoy a fixed rate and enjoy more reasonable terms.
rishabh lal Not ideal, but I did what I had to do to protect my credit and my family. Welcome to America. I’m happy to say I paid off that personal loan recently.
@@midwesterner15 it was a good idea let me tell you why you can default on a loan but not a student loan and you’ll build your credit score if you pay it back on time
Now is a good time to start if you're easily bored. Be prepared to be met with staggering expectations to your suspension-of-disbelief ability though...
Apple phones come preinstalled with the news app. My mom has a Samsung, I don’t remember seeing an news app on her phone. I wish she’d stop getting her news from Facebook.
@Cameron Scott You can just directly remove stuff from your viewing history, so he could just watch stuff on their profile and then remove it from their viewing history.
Good for you. You should be proud of where you are from. Now try to openly mock and criticize those in powerful positions in your country and tell me how that works out for you and your family... if you're still around by then.
Lol looks like somebody's thin "special-snowflake" skin just got pierced by endou's comment. You realise there are literally dozens of countries with enough freedoms to allow what you're describing, right? US ain't the only place with freedom bruh. In fact your clown-President Drumpf's hatred of truth and freedom of media (which he claims is "fake news") means that what you're describing (openly mock powerful people etc) might even get harder in the US. Get some perspective. Maybe listen to this song (starting at 4:30) - America is a country in the list of countries. lol. ua-cam.com/video/G01L40adL0I/v-deo.html
@@radoraf do you think that USA is the only country that allows openly criticizing the government? Have you ever heard of European Union, Japan, Australia etc.??? No? Oh... I forgot americans don't really know geography well... Did i just stereotyped? Yeah, I learnt it from you...
Yo his camera angles and panning is on point! He knows where to look at each frame! If it were me I'd be searching for the little red light every 30 seconds 👏🏾👏🏾👏🏾 Loving this show already
When you are watching from poor country in europe and you are at a university and not paying anything. I just dont understand how this is an issue in AMERICA
@Keith Panton why does every leftwing idea always want me to stop believing in reality and use my imagination so their ideas can make sense. In case you are have not been paying attention, the federal government are amongst the most incompetent people in the world. Case and point: US nuclear missiles are still run on computers that use floppy disk. Also the US has the 4th highest wages in the world as of 2017. When you look at minimum wage workers in the US you will find that the majority do not have a high school diploma. The US healthcare system is responsible for 40% of new medical discoveries. Perhaps you should stop thinking only about yourself, come out of your dream world and pay attention to the real world. You just might learn something.
@@dewaldt8104 - you are a hilarious part of what is wrong with your country. Speaking of using your imagination.... Aside from the fact that I'm not sure I believe your statistics, (what's that quote, 95% of all statistics are pulled right out of your ass?) if you are looking at _average_ wage, then I don't doubt that the number is high - after all, america has a shit load of billionaires (who, ironically, *don't* pay taxes). However there are places where the minimum wage is 7.50 per hour. Now being able to live off of *that* takes quite the imagination - and maybe a time machine. And again, not sure I believe your statistic about healthcare discoveries, but I also don't think it matters. People in your country are *dying* from *fully preventable medical conditions*. As someone with Type 1 diabetes, I'd never even _consider_ living in america. And all I need is insulin - I can't imagine breaking a leg or, hell, getting cancer while living in america... Jesus Christ. Medicine is supposed to help people, not make pharmaceutical companies rich. Yet given your country's current state, that's not remotely the case. Oh and speaking of statistics, if I were you I'd look up how america ranks when it comes to general health, or happiness, or debt, or.... well, any measure of positive societal growth. Because it does not do well in those categories at all. Though I do believe you are number one in prison population, so... there's that I suppose. Perhaps you should start thinking more about others - maybe then you could actually do some good in the world. (Oh and you can take your dog-whistling elsewhere - I'm not a "leftist". I just don't live under a rock with my own head stuck up my ass.)
I am from Germany. Has an interest free student loan. Half of it I did not have to pay back and the other half I had to pay back in small bits in 20 months...but if I could pay back a certain amount upfront the amount I had to pay back decreased by additional 30%. Having a student debt like you have in the USA would make me not only inactive but planning to overthrow the USA...because it is clear that young peoples' inexperience and lack of knowledge about finances and financial sandpits (not taught in school) is getting exploited. I would not pay back even one cent in the USA.
"because it is clear that young peoples' inexperience and lack of knowledge about finances and financial sandpits (not taught in school) is getting exploited."... however to some people 5 year old kids are mature enough to choose their gender. BTW, your University is not FREE. You pay taxes. Quite a lot indeed.
I love the way he humorously brings us the significant news to the viewers... Impactful comedic news anchor I should call him... Really loving his work :-)
@@nadominhoca not by comparison not lol, We don't have to think about spending 30K+ for unexpected hospital visits, have more vacations, almost free college.
@@preciousgerbosch Here it goes just one example. If you make U$150k per year you would pay approx. 19.9% of Taxes in US vs. 32.1% in France. France Tax Brackets: 14% - From €9,965 to €27,519 30% - From €27,520 to €73,779 41% - From €73,780 to €156,244 45% - Over €156,244 US Tax Brackets: 10% - From $0 to $9,875 12% - From $9,876 to $40,125 22% - From $40,126 to $85,525 24% - From $85,526 to $163,300 32% - From $163,301 to $207,350 35% - From $207,351 to $518,400 37% - From $518,401 or more
@@preciousgerbosch LOL. Make 200k in canada and pay 75k in income tax alone. As far as I know, my dad/other people that make 100k+ don't use 75k+ each year in public school, medical care, government services and things like city infrastructure. Add my mom, my brother and I. We don't use all of our tax money. I understand this type of thinking is negative. I appear not to care for anyone. However, my parents immigrated when I was 6 months old. My dad struggled 3 full time jobs while my mom did her medical exams while taking care of a 1.5yr old and me. If you work hard you'll get "there" and realized it's all a sham. Easier to elect Biden, not work, and get paid 2k a month from others taxes.
@@nadominhoca Don't you also have State Income tax aswell? You need to add that, plus property taxes, which depending on the State and county can be quite high. In Europe you only pay one income tax to the country where you live, not to a federal goverment and then again to a regional goverment.
Had one more year of payment... Had a change in living situation.... Asked my loan people to lower my monthly payment, even if it increased how much time I had to pay back + interest. I didn't care, I'd been on time for 9 years. I'd gladly extend my payment window, as long as I was in good standing. They said no. Do what you have to do. My credit sank 250pts. Can't get a loan to replace my car, defaulted on credit card, and had to close my bank account to open a free one. And now, moving back home with the aunts because I can no longer afford to live on my own. Thanks, America!
Yep that is definitely a problem. I saw it when I read the fine prints of the student loans I took. I always made sure to not borrow more than I could afford to repay quickly enough. It's really the compound interest that makes the loan that harder to repay. You lower that, you have to pay exponentially less over time.
Yeah same happened to both my brothers, my older brother missed 3 payments and his credit went down 250+ points and my younger brother suddenly lost his job and asked them to give him a month to makeup a payment but they said no and missed one payment and it went down 120 points. I'm scared for my future
@@radoraf Yeah I was only going to community college, with plans to go to Temple University and transfer to Japan. This was just for my community college and was only 35K. I have my flimsy little degree and other programmes helped with training certifications. Now, my Acct/Busn Mgmt are pretty worthless, my Forensic Micro-Bio certs are a little useful, but without some sort of masters or PhD, most of the jobs I have access to simply won't hire me, though I've got enough school time and hands-on. It's also been 12 years. My school dropped their inquiry, but it hasn't changed anything for me. One less "negative hit" on my credit report. My car people? Exactly the same. Had my car for 4 years, 2 months; two deferrals. Change in living situations lead me to a position where I was temporarily staying with a friend, and working overnight. Problem was that my parking situation meant that I got 6 parking tix over 2 months, car was towed the following year, lost my car because my lien-holders covered my tix but then demanded I paid them 2K up front to get my car back. Mind you, when I got my car it was going cost 10K, worth only 7K, but after 4 years I'd paid 22K because of interest. My credit report says I still owe 12K. Does that make any sense??? I lost my car, lost my job because public transportation doesn't take me out there during the times I was scheduled to work (overnight) and that meant I missed credit card payments. Which meant I defaulted on my cc. Which took another 50 points after I worked out a deal with the bank. They closed my accounts with no further delinquencies but that meant no more banking with THEM. So I went from having NO credit to having a 750 and dropping down to 420 in the span of 5 years. It's been about 2 or 3 years now, but I'm just barely getting up to 500 because I'm not eligible to get ANYthing that would actually help BUILD my credit back up.That and lack of jobs related to my degrees and certifications. Basement-dweller I will be for some time.
I think what a lot of people don't realize or just forget is that high school kids are conditioned by school counselors, movies, teachers, and their parents who were also conditioned that going to college is their only respectable path to success. It's inaccurate as there are many paths to success, but please keep in mind that this is what is pushed on them at a young age when you ask "why didn't they just not get the loans if they couldn't afford them?" They're kids who were promised it would work out and were pressured by society.
@@idontevenhaveapla7224 One has to pay in government Universities, private colleges under government Universities and private universities. This order kind of reflects the amount that you have to pay.
I've started binge watching this today for the first time in the order of release, and I must say, this is the best episode of the series so far. Wasn't aware of the shady tactics that LSP's perform to their borrowers. Also, that skit at the end was pure genesis.
Community college, trade school, there are some fields that don't necesarilly require college like computer science. If you have some form of certification and experience with making your own programs you could get a programming job.
Who cares, when you have a tax cut for the rich?! BTW, how's the trickle-down economics working out?! I bet you got *yuuuuge & tremendous* tax returns this year, right?!
If you want an clear answer to your question visit South Korea. Stay a few days and enjoy yourself in a capitalist society. Then head to North Korea and see the sites of a true socialist society. I bet I know which Korea you would choose to live in.
@@HERSHISKISS You have a lot to learn my friend. North Korea is ABSOLUTELY socialist. You can't pick and choose the good ones. Power corrupts. Here is a clear example of what I mean. Bill gates does't have an army. Country's do. I would like to see power in the hands of people without an army. BTW, Denmark has a stock exchange as well as socialist programs. It is a mixed economy and far from a good example of socialism.
@@HERSHISKISS I assume they don't use Denmark as an example because Denmark isn't socialist. North Korea, however, absolutely is. Memes and brocialist bloggers are not the best source of information.
@Jonh T North Korea isn't socialist country they just call it so. I from socialist country too, Viet Nam. And what I see when you guy debate about socialist is mostly wrong. Our business are booming not just cooperation, we have relatively good freedom. I admitted that we had a good 20 years of deep corruptions, our country still limit the media quite a bit and it is very hard to do any creative type job. But still we good market regulation, news outlet that aren't exist for the pure purpose of fueling passionate hate toward other groups of people. And I think any type of system have its false, and some country use that system better. For example country like Denmark is the peek of socialist where every individuals are happy to contribute for the development of the whole while still have a lot of freedom, Japan in my opinion is the best of capitalism where companies work tirelessly to bring the customers the best products with the best service at the best price possible. While I have a lot of out-sider hate for America your ego, racism, cooperation shady practices I still think that America is a beautiful country, fill with compassionate, passionate peoples. I still remember the first time I watched American marched for the Viet Nam war to end that was just heart-warming.
@@yutazenrenchin9701 that's part of our system in Denmark.. All students can get this support from the state.. If you live at home with you parents you do get less money. Try watching the Trish Regan respons from the danish politisian (Dan Jørgensen) he explains the system
Ok, people of the comments. I have an idea as to why there are only four of us here. I think the channel got into some hot watere with UA-cam somehow, so they agreed to nuke the comment sections in specific videos.
I've paid the entire amount of the principal balance of a loan I took out in 2007, and I still have the entire amount of the principal balance to pay. No matter how much I've paid, the interest is just too much to keep up with, and AES doesn't care in any way, no matter how much in fees they received that does not go to the principal balance.
Betsi betsi betsi..... I don't wanna scare you guys but Im from Eastern Europe and got cramps from her picture, because even I knew who she was and what she does
I had to choose an article about to write about and summarize for an assignment in civics and there was an article about corruption and Betsy Devos and I was so fucking pissed when I was reading and writing about it.
Loan Services are the shark, but the Department of Education [US government] was the one who allow this, same thing with the bailout in 2008 and 2001 and who knows for how long they been doing this.
Student loans are the bane of my generation’s existence. I love how FedLoan says they’ll forgive loans if you pay on time every month for 10 years. The standard repayment plan is 120 months...which is 10 years 😑.
I completed bachelor's and master's in a field with a good ROI by attending 2 local universities with a good/decent reputation and lived at home. Total cost: $80,000 paid in full.
The Patriot Act audience at the latest taping had $6 million worth of outstanding student loan debt. Yes. $6 million. #DebtFucked
Patriot Act Atleast here in India, the govt pays half of my tution fees for free
@@swadhaamin2465 But it's only worth it if you get into an ivy league like IIT
@@hj2479 I don't think
Here in China, our entire year of tuition is 1000 USD for other majors and 4000 USD for computer or software engineering for entire year in the best universities. People don't even need loan to go to school.
Anyone with student loans or a mortgage should check out Givling. It's an app that is crowdfunding student loan debt with trivia! Each member can get up to $50,000 of their loan paid off tax free or put in an investment account. (In addition to weekly trivia prizes and 10k random drawings.) They’ve payed off 4.1 million as of today. If you join use invite code SH196048 for a free play and help another stressed out borrower stick it to Navient !
Bro wtf. Why is so comedy show on netflix more informative than any investigative journalist I've ever seen?
He learned under Jon Stewart.
It’s more than comedy; I like to think of it as high tier factual journalism that incorporates comedy to lighten the mood.
Only the jester tells the truth
Because the media is controlled by the government
You watch the wrong shows, theres a few shows just like this!
I got concerned then I realised I don't live in the US 😂😂😂
HAHAHAHA
Ify man. Same here 😂
Lol
I need to move to your country 😂
No shit sherlock
The mean and median joke was just average.
People didn't get it
😂😂😂 is there a way to double like this?
hmm... then I will a*range* for a better one to be made!
That Bad Guy It was more of a middle-of-the-road joke in my opinion.
Nice
This is what happens when everything in a country is a business
Amen
I know what you are trying to do. And even if I don't wholeheartedly agree with you, you are right.
You mean, consenting adults conducting their own business.
Capitalism can be evil
My country Saudi Arabia education free for college students most of the time
True Story: I called my student loaners and asked for lower payments.
They said No.
I asked, "well i only have X amount of money after essential bills.. what do you want me to do, Rob a Bank!?"
She Said, "You do what you gotta do, Sir."
True Story
Rob their house. :p
Damn
😲
Seriously!?! 😳
omg
This show has the coolest looking stage with screens all over including the floor.
Seriously... Is that what you found as "the coolest" thing on the show...
@@naughtieindia I said this show has the coolest looking stage (implying it's cooler than the stages of other shows), not saying it's '"the coolest" thing on the show.'
Hasan has mannerisms as though he's emulating hip hop artists, but that doesn't look cool to me, it just looks try-hard. I wonder how much time he spent practicing those hand gestures :)< He occasionally says funny and insightful things, but comes across as biased or ignorant when his writers don't do enough research or omit important information.
I find the intro music to be the coolest thing on the show. What do you think is "the coolest" thing on the show and why did my comment inspire you to respond?
@@drumjod How can you do this amount research on your own? I would've never thought the student loan crisis was this deep.
@@drumjod His hand gestures arent practiced lmao. He's been doing them since he started his stand up and does them in regular conversations too. I don't understand how that is a point of criticism nor how his mannerisms look as if they're emulating "hip hop artists". That really makes no sense. Talking with your hands isn't a try hard thing to do, its human nature
After watching this episode I can't stop to think that this show was cancelled because it was in someone's interest to do so. Yes, I'm thinking conspiracy.
It definitely was
🤣
*John Oliver intensifies*
Yup!!!
From what I remember it was canceled due to Hasan's political bias.
There probably were other reasons but that's the main one I remember.
Student loan x Supreme Collab coming soon.
Featuring Insulin companies.... Saudi Prince... China President
Why American's student loans are so fucking huge? I'm Chinese. I also have student loan but very small. After I graduated from college. I paid it off very quickly. So, maybe socialism is better than capitalism?
Lmao I'll get it on Stock X
@@danyoung5072 Yeah Socialism is better than capitalism, like if Capitalism is North Korea, Socialism is Norway.
But you seem you are a PRC National, so OH no non no, your country is NOT getting off sooo easily.
Point one - PRC IS NOT COMMUNIST NOR SOCIALIST .
A country which evicts it's poor farmers to make way for large companies, enslaves other peoples and other people's countries and disregards EVERY ASPECT OF SOCIALIST HUMAN RIGHTS AND SOCIALIST POLITICIAL LAW, IS NOT SOCIALIST OR COMMUNIST!!!!!
Point 2 :- Your country has ONLY provided a platform of education which puts EVERYONE on an equal start and setting and gives opportunity to all whether RICH OR POOR so that another mass student democratic protest like the tiananmen square does not EVER happen again.
@@victorviereck4117 I will answer your point 2 tomorrow.
Man, you have done some research...mind blowing.
mean and median joke was awesome
John oliver copy paste
He is from u california Davis he can do some research
Mean and median joke is mediocre.
@@vivektam what does it mean?
I can't remember the last time i made use of median outside statistics classes ..some useful knowledge there =___=
I’ve always found it odd that no one questions the schools themselves. Why are they charging so much for tuition, especially compared to tuition in other countries?
Because the govt makes loans so accessible so tuition prices go up. If loans were less accessible and not given to every student for a bunch of bullshit majors, then it wouldn’t be as expensive.
Or Deans making half a Mil/ yr !
Oh we question it all the time and constantly demand for lower prices. But we the people have 0 control over it
@@heels4lifx Cringe
@@XLRAshon Students are so powerless, even when they employed by the university they are treated like nothing, they’re trying to form an actual student union.
Hi from Sweden where I literally GET PAID to pursue higher education.
Oh and also, I'm from Syria as well since my parents are from there, and just to let you know, education is free there too. Even higher education.
I hope you have good life.
Thank you! You too :)
Education is free in almost all the countries all over the world , north africa middle east , france , but not the scandinivean countries i guess
@@hamzaelaloui2070 No it's free here too, we even get a bit of money every month for studying
@@mariannek6735 even for foreigners
That NCAA joke was built up perfectly, yet was so unexpected.
You think? I am not even American and I saw the joke coming, only knowing what South Park taught me about student atlethes..
@@7daimeHokage well for most Americans, when we hear "brackets" we instantly think of college basketball or March Madness, not really the NCAA organization itself.
Can someone explain that joke. Non American here
@@zhm96 the NCAA is over all college sports in America. They, the organization, make actual billions, but they have rules that forbid any college athlete from making any type of money. Basically they are millions upon millions and players only get a free scholarship, which can be taken away if they get injured or caught receiving any amount of money or favors (like a free meal) no matter how small, which is why people sometimes likened it to slavery.
It's alot more terrible stuff they do, but that's just the basics on why most people think they're evil. John Oliver did a video on it if you're interested in learning more.
James Burgess hey the FIFA of college sports
Just dropped a final 12K on my student loans today and DONEEEEEE. graduated 11 years ago, upper middle class white family, with parents that helped as much as the could. UNBELIEVABLY unfair cost of education
congratulations!! happy for you
@@MossadDid911 And the conspiracy nuts own you!
Congrats! How much was the total you paid if you don’t mind me asking??
Its sad that there's more journalism in a comedy show then all the major "channels" combined.
Travers, why did you not go abroad for 10 years?
This loan was enough to pay rent for 15 years in Europe or even buy an apartment.
You would get a much better job with paid holidays and proper healthcare almost in every country outside of USA.
Try England as it is easier with language. Try any country in Europe.
I'm an American with two postgraduate degrees and no student debt, and I'm not from a wealthy family. How did I do it? I didn't go to university in the US!
Where?
Seriously. Where?
@@omninulla9472 germany, france..
@@oualidfenni2822 They give free educations to Americans? OP says he's American.
@@omninulla9472 Australia - even with international student fees, it's still half the price (or less) of a US university...
My husband and I both graduated from BYU (as a mechanical engineer and a high school physics teacher, respectively) and because BYU tuition is only about $5k per year we managed to get through without loans. My husband had a scholarship and I used a hodgepodge of methods, including one year I paid out of pocket with my childhood college savings. I am so grateful for this miracle as I am becoming more and more aware how uncommon getting through college without loans is.
"And if you don't know the difference between median and mean, your student loans were truly a waste of money."
Ouch, as a once underemployed graduate with a Bachelors in Applied Statistics... that could not have hurt more.
Because you don't know the difference?
Justin, if you are a statistician, have you tried transposing your skill set to Data science? That should make you competitive, but you need is to master the R or Python with Pandas programming language. You can get started anytime with a couple of $9-$15 video course on Udemy if you are a bit of an autodidact.
i think your degree in applied statistics hurt you by nature of you pursuing it in the first place
u decided to take a degree in a useless subject..
@@mentatteg Yeah not really sure what you guys are talking about. If Justin works as a data scientist or even a data analyst, it can be quite lucrative.
YEMEN The poorest country in the Middle East, with 4 years civil war, still send the smartest student to study abroad and the Government pay for it.
the "smartest"
@@renepauls7293 thing is there are a lot of jobs that need a college education to do well but do not pay well. even in the field of law, jobs like public defender do not pay well which is why the people who are public defenders are absolutely swamped with cases. this is because people who took loans to get through law school want a well paying job to pay off those loans, and public defender aint it. and public defenders are necessary because a large number of people cannot afford a lawyer. outside of law, there are jobs like social worker, for which one really ought to have a degree in child psychology before doing. people who work in mental institutions and many other jobs. there are many purposes for making college free. one is so poor people can go to college with no debt and get a job that pays well enough for them to be out of poverty, and most of those jobs require a college degree. but the other purpose is for more people to go to jobs that don't necessarily pay well but require a college degree like the ones i listed above.
@@dot286 Tough talk from the country whose education system barely made the international average in PISA every year.
Family: "Why don't you get a car or a house? You're almost 30!"
Me: *too busy working to pay off student loan with a job not in my field*
Me, too
What did you think when you were taking those loans out?
Paul Jiltsov that you’d get a job in that field and pay it off
My actual life 😢
@@kupidrosalindavateri3965 you never thought that the people that have an incentive to give loans might be lying about salary estimates and employment availability ?
Had to re-watch after his testimony before Congress
Thank you, Hasan, for making this depressing and frustrating topic informative and easy to understand. IMO, the US is fu$%ed. For example, I am sadly grateful my grandmother died so I could pay off my student loans. It's f-ed on so many levels. First, it means I'm privileged enough to come from a family whose grandparent had money left to give to their grandkid after they died. Second, she died due to a hospital being understaffed and unable to provide her care. They overmedicated her instead, which lead to her death, which allowed me to pay off my student loans. And on the topic of healthcare in the US being f-ed, I was hospitalized and told it would be paid for because I worked at said hospital. Three days and 30k later, I was discharged. Unable to pay off the 30k, I filed for bankruptcy (also privileged to at least have the funds to file for bankruptcy). BTW, bankruptcy does not relieve you of student loan debt. No, that stays with you and your family indefinitely. That is unless a family member passes and you can use your inheritance to pay it off. Do you see the layers of fu$%edupness that exists in the US? How are we the land of the free?
One of the many reasons I can't help but chuckle and shake my head when I hear Americans talk about their "freedom".
@@essicarahman4536 because most have never actually been anywhere else.
As an American, I agree with all of you. Every country has its issues.... but c’mon America.
Essica Rahman as an American yes you are right
Nobody forces people to go to college. Nobody forces people to take $100k in debt.
I rather have that freedom than paying higher taxes for more government services, whatever the hell that means.
@@JJSmallsthey are not paying more taxes they are just using them more efficiently. Also what you are saying is you are a jerk and don't care about other people
We are living in the Hunger Games, but most have not realized it yet.
where are the televised broadcast of teenagers fighting to their deaths for the governments entertainment.
On the news, being shot by police.
@@zadok23 🤡🤡🤡
THANK YOU!! EXACTLY !!
OMG..this show is so underrated. Please share these videos so more people can get educated.
Share this video? BUT Hasan is a moon landing denier 16:19 . XXD
@@danyoung5072 wait you actually believe the whole neil armstrng story? :O
@@mish3462
Of course not. The moon landing is fake.
"You have no ability to pick who your student loan servicer is." That really just says it all, doesn't it.
Exactly. Capitalism is supposed to be about the freedom to choose the companies that offer the best service, and letting the other companies fail and get out of the market. In this case, capitalism is only 1-way: companies are free to do whatever they want, but students can't even choose which ones to get services from. Even fans of capitalism should be against this.
Mine was moved to Navient and I didn't have a choice. I refied with a company I chose which I like. Now I don't have to deal with Navient.
I don't know who came up with the idea of "Last Week Tonight but with the host standing up" but it is genius.
patriot act is basically the netflix version of John Oliver's Last Week Tonight..
we need more shows like this that create awareness through comedy
@JiraiyaENTP last week tonight too is good
@@darthvader6572 He didn't delete the episode. It's still here.
@@darthvader6572 He didn't delete tje episode. It's still here.
@@darthvader6572 the*
@@samajlo4336 You're correct!
I’ve already watched it in Netflix, but came here to read the comments 🤓
Well... Hey there! ☺️
Same
SAME!
Thanks for that essential piece of information
It’s not showing up in uk Netflix.
Mr. Minhaj, incredible testimony in front of Congress on the student loan crisis. So proud!
Random prisoner: why are y'all here?
Prisoner 1: I killed someone
Prisoner 2: I robbed a bank
Me: I didn't pay my student loan 😏
I get what you're saying but....not paying a student loan basically IS robbing a bank..
😔😔😔
@@nicolebrown6424
Are you *seriously* defending the banks?? The same banks whose greed & corruption caused 2008's Financial Collapse & Recession. The same banks who used YOUR tax-payer funded BailOut monies to give their top executives *Billions* in bonuses.
@@undrtakr900 no I'm not defending the bank. It's just a funny analogy...acting like holding up a bank is different than taking a loan from a bank and repaying it. I get that ballooning interest is crippling, not defending that. But if you say you'll pay back $40,000 to the bank and they give you the money and then you don't pay it back...you've stolen the money, no?
@@nicolebrown6424 see tho it's in the banks interest to get them to make you owe money by selling the idea you HAVE to borrow money to get a foothold to getting the necessary nicer things including something so necessary as an education. On top of that all that , imagine your loan and everyone else's loans being collateralized into bigger lumps of money getting reinvested or re loaned to businesses or equity firms on the market. So really the consumer is paying back a loan that's been loaned several other times because....that money doesn't exist. That number you're seeing in your bank is just a placeholder for a placeholder for a placehder which is why banks make most of their money through interest, commission and financial insurance so when the bank can't hand out anymore loans or people default the insurance companies can return 20x the original defaulted amount but those people are still in default and owe money. The point is the system essentially depends on many people to fail to make their payments to keep paying interest even if they can't really afford it. all of those things existence rely on people constantly having to indebt themselves to pay the banks fees and interest to pay back a loan that pays back another loan until that money just ends up in deeper pockets investing anyways. so who's really getting held up?? That's why banks are some of THE shadiest organizations on the planet no matter where you go you can be sure a bank is going to be shady with their dealings and exploiting any and all loopholes to the max even if it costs people and makes other people money
5:08 You owe me money so we'll take away your source of income?
That makes sense
I get that everyone likes to be sarcastic in these types of comment sections but for anyone whom doesn't understand. It doesn't make sense and it's illogical/irrational in every way. It only benefits the people who earn money as a consequence of said loans. And probably reduces the total amount of medically trained students in America(in reference to the timestamp).
@@rollerskdude Literally! They were firing health care works?! WTF!
Who wants to be a doctor in the US today? If you've had your degree for a while, you're probably in good shape. But if you want to be a doctor today, I read somewhere that GPs and OB/GYNs will be in very short supply because of how much it costs, how much is insurance, and how much lawyers encourage lawsuits. Any of this true? You decide. Can you afford a doctor who graduated Harvard Medical, or U of Toledo? Are either one of those graduates worth the hundreds of thousands of dollars? Who's more stressed-the Harvard or Toledo having to pay back loans?
Yes, everybody is in collecting on your debt too.
WE ARE
University of Pheonix online
Yamen the poorest country in the middle east, with 4 years of civil war still send their smartest students to study abroad and the Government pay for it.
Thank you, Hasan, for making this depressing and frustrating topic informative and easy to understand. IMO, the US is fu$%ed. For example, I am sadly grateful my grandmother died so I could pay off my student loans. It's f-ed on so many levels. First, it means I'm privileged enough to come from a family whose grandparent had money left to give to their grandkid after they died. Second, she died due to a hospital being understaffed and unable to provide her care. They overmedicated her instead, which lead to her death, which allowed me to pay off my student loans. And on the topic of healthcare in the US being f-ed, I was hospitalized and told it would be paid for because I worked at said hospital. Three days and 30k later, I was discharged. Unable to pay off the 30k, I filed for bankruptcy (also privileged to at least have the funds to file for bankruptcy). BTW, bankruptcy does not relieve you of student loan debt. No, that stays with you and your family indefinitely. That is unless a family member passes and you can use your inheritance to pay it off. Do you see the layers of fu$%edupness that exists in the US? How are we the land of the free?
freedom is an illusion. It's just another product they try to sell us and the people eat it up.
The saudis rely on the american military because the USA rely on Arabian oil
Move to Europe.
Whatever is there that your family could leave for you after death, they should just cash out and give the money in cash.
You will get proper Healthcare without losing a fortune as well.
Just start applying on jobs in Europe and start taking language classes.
They will not come after you when you live abroad.
Nobody forces anyone to take student loans out. Work at UPS, go to a city college.
How are we the land of the free? You were free to make an uneducated decision to get a degree in a field that doesn't have a high demand. And it truly is sad that you feel any type of happiness at all at the death of your grandparent.
From the outside, the USA is such an amusing company!
leftwing1975 right! And they always say they’re the greatest company in the world🙄
Funny, ill start laughing when I get some of my debt paid off
@@SaraH-jn5db lmao rip you
Just apply for a job in Europe or Australia or England.
Leave the USA and the stupid loan. After ten years it will be forgiven.
Once you discovered live in a truly free country you will never want to go back to USA anyway.
Paid holiday from first year on and proper healthcare is no luxury. It is basic for jobs outside of USA.
@@doroparker1702 This is why problems never get solved here. Everyone just wants to run away from problems rather than help fix them. It's better long term to actually fix a problem than run away and make the problem worse.
Damn we’re lucky it’s not as bad as this in Australia - this sounds like a nightmare 😩. To all you students in the US overwhelmed in debt I pray you get through it . Honestly . 🙏🏾
Natasha Kulu. Graduated in 2015 with $60K in student loans. Been on income-based repayment plan since. Current total at $88K as of August 2019. I don’t make enough to pay off accrued intterest. These are all federal loans with fixed interest.
@@malerieayala4349 studying here in Germany is heaven. I pay 350 euros as my semester fees. I pray you manage through
The joke about faking the Moon landing 😂😂😂 Totally unexpected, comedy at its best👍👍👍👏
Hasan is in a different league of his own. Informative Comedy at it’s best :)
debt fucked is a different kind of squid game
I have netflix, why do I keep watching it here every week lol
You shouldn't because Netflix views are more important hahaha
We're lazy? 🤣
Perhaps you want to participate in the comment section banter and pick up a few likes in the process?
Lmao your not the only one!!
Last weeks episode was first available on UA-cam
I love Germany for providing Free Education for all.
@Mustafa Alam they hate illegal Muslims
@Mustafa Alam yet they have 170,000 Indian students in Germany
Good research Snowflake (that was sarcasm just in case your dumb brain couldn't get it)....
Why do so many people come to the US for education?
@@RaquelSantos-hj1mq bc it's a walk in the park. In most countries degrees are earned.
@@destituteanddecadent9106 Not true actually. USA and England have the top universities in the world.
I was just thinking how much effort has been involved in remembering those data and all those information ...Kudos Hasan
i think he's probably reading from a teleprompter
Watched when first aired on Netflix and watching again 5 years later. REMARKABLE research, creativity, brutal honesty, cruel truths - absolutely brilliant presentation. Netflix f--d up when they cancelled Patriot Act.
Mr. Minhaj, you are a true patriot. Thank you for the attention you bring to these issues.
LOL! How would you know the definition of the word!? You are not even from America!
Wow, you’re wrong already.
Nationalism is fun. Greatest country in the world😄
16:15 “In 1969, we finally had enough film students to fake the moon landing” HAHAAHAHA good one
I cancelled Netflix so thanks for uploading here
love how it says "Full episodes only on Netlfix"
GOD I’m waiting for the next free trial I don’t want to miss stranger things but i doubt it will get on here. Who knows.
cutting back to to the bare bones in order to try and pay your student loans?
Did you cancel Netflix to pay off your student debt??
I forget people pay for netflix. Lol
When the comedians become more trustworthy than journalists, you know the country is in trouble.
Thank God for Germany, world class Universities without fees.
Jaaa lang lebe deutschland!!
If only that were as true as you thought
@youcometome9 stop foreign wars for profit selling guns to awful people and stop corporate welfare and actually tax the rich problem solved
@youcometome9 I mean Germany has a population of 80 million (which is pretty big as well) and the GDP per capita is around the same as in America, so I don't really see why it cannot be done in America. And btw 15-20% of the student body in German universities is international, so it ain't just a few foreigners. I, for one, am a foreigner in Germany, and will forever be grateful for the free education here.
@youcometome9
_Just the amount of money added to the military budget _*_this year_*_ is more than enough to pay for tuition free college._
England has SFE (Student Finance England). We can borrow for our tuition fees (£9250 a year for most courses) AND we can borrow for maintenance (i.e for rent and living costs). We don’t have to pay anything until we earn over £24,996 a year after graduation. Even then, we only pay 9% of the amount over that threshold of 25K. The interest rate is 6.3% while we study. And when we pay it back, the money comes straight out of our pay cheques.
Fun fact - if our pay changes to below the threshold of 25K, we can ask for a refund.
One of the biggest things is that there is only one company that deals with student loans. OH AND IT GETS WRITTEN OFF AFTER 30 YEARS.
Oh shit, never knew about that. Guess I'm staying here then.
Wow someone actually cheering the system that saw the extortionate rise in fees from just over £1k a year to £3k and now £9k..in about two decades. Yeah, not much to show off about.
youcometome9 first of all, I don’t know what you have against women but we can do whatever degree we want to. As so what if she chooses to have children? Women shouldn’t have to choose between an education and having a family. I know so many women who can juggle both. Women are capable of doing both and are capable of making up their own minds. Who are you? Who are you to decide which degree is better than another?
lisa lll the fact that I can still get an education is enough to keep me cheering. Sure, it would be nice if my 5 year course was cheaper. So what? I’m studying a really good course at a really good university. The government may be broken but the fact that I can get financial support to pay for my degree is better than me being forced to take out private loans and deal with that hassle.
Michael Rudy the government (who I voted against twice) chose to do that. The fact that I can still get an education and afford one is big fucking deal bro. I’m not saying that we have the greatest system ever but I’m just stating that we do get financial support and it’s a lot less scarier than America’s system
This show took political topics to a whole new dimension. Great work..!!
Hey.
I've just learned the term "ombudsman", even though I've been studying law, and I think I've found my favourite law profession.
So this episode may be the start of a new career. I'll be looking back on that. Thanks Hassan.
ombudsperson* 😂
that moon landing joke at 16:19 is such an elegantly bold rip nice one
Hasan's comedy is growing on me for sure
That wasn’t a joke.
That was a fact 🤣
@@masyaf897 I hope you're joking😂
the penn state joke took me out😭😭 that’s how Penn Staters are, in HUGE amounts of debt but still loves the school for some odd reason
Wow, i feel blessed to have free education in my country, I could train to become a doctor for 7 years and not pay a penny in fees.
America is suffocating in debt.
which country do you belong to ?
imma shifting there boi
education costs too much and should be cheaper but lower cost of living
We do pay for housing though. Except if you live at home
Same here in Algeria 🇩🇿, btw where are you from?
OMG, I literally had a navient agent send me the forbearance forms when I requested IBR.
Yo! That's blatant manipulation
Has this been forwarded to your local government representative?
*Breathes in vape(or)*
This show is like a humorous Satyamev Jayate minus the melodrama. We need more of this here my desi friends.
Only kunal kamra can do it ...not this level but yaa he can
Well to be fair, we desis need more drama for things to impact us.
@@VivekAnandJ well said
There was On Air with AIB, but we need someone like John Oliver with HBO funds and public participation.
Well main problem with india is if you ask question to the state you will definately get into trouble ....free speach is only for them who can praise government ..
This is the only episode I haven't watched because it gives me too much anxiety. NAVIENT is handling my loans and I literally am crying
Tamkeen n I agree. I’ve started and stopped it twice already. It’s way too real for me.
Anxiety sucks, and it isn't your fault this situation sucks so hard. You're doing the best you can, and we see you and your (and my) generation struggling under the weight. Please know you're not alone. I'm so sorry our collective ancestors have done you dirty. I had to go to war to get my college degree, but by the time I came back, I was too fucked up in the head to finish school. Three times. I'm sending you so much love right now. I'm so so sorry.
Yeah. You are F******. Sorry to say. You wont be able to afford a house and a car, and annual vacation. Enjoy!
Seriously considering giving up my US citizenship for a better education and better healthcare in a better country
Your country's problems don't look like they are going to be fixed anytime soon, you guys are so behind on really basic civil things lol
I guess the us is really a concret jungle..
come to CANADA :-)
You can go somewhere else w/o giving up citizenship, lol... if you're worried about being taxed by the US that only happens beyond a certain income level.
You don’t need to give up your citizenship. I went to Europe and got my education at a fraction of the price. However - I learned the hard way that a lot of the top universities are just the elite’s way of getting their kids into “the system”. For a kid from Harvard, Stanford or USC - their classmates run the country after graduation. That’s really what a lot of people are paying for when they attend these things.
When my dad died, I made sure the loan servicer didn't know so they wouldn't demand full repayment.
Usually, the servicer won't demand this unless you're behind on payments. Either way, I didn't want to chance it. I used a personal loan to pay off my student debt so is enjoy a fixed rate and enjoy more reasonable terms.
Use a loan to destroy a loan.
Got it!!!!
rishabh lal Not ideal, but I did what I had to do to protect my credit and my family. Welcome to America. I’m happy to say I paid off that personal loan recently.
@@midwesterner15 it was a good idea let me tell you why you can default on a loan but not a student loan and you’ll build your credit score if you pay it back on time
I guess I don't understand, why couldn't you let them know he was dead? When you die your student loan dies with you.
I lowkey wanna start reading the news so i can follow some of the jokes
do it. politics can get spicy
Now is a good time to start if you're easily bored.
Be prepared to be met with staggering expectations to your suspension-of-disbelief ability though...
Just watch John Oliver
Apple phones come preinstalled with the news app. My mom has a Samsung, I don’t remember seeing an news app on her phone. I wish she’d stop getting her news from Facebook.
@@5pctLowBattery Google news is 👌🏻👌🏻 Samsung doesn't come preloaded with one because there were a lot of complains abt bloatware
Man I developed an anxiety to picking up unknown calls because of student loans.
Same
They've improve the shows pacing. Hasan doesn't drag on the jokes as long. I really appreciate that.
Who is here after Hasan's Testimony at Congress ?
I still leech off my parents Netflix and they put a lock on anything not kid-rated, so thank you very much for uploading things here
SpeckOfDignity ❤ Oh sweetie
Leech off bruh why would they want you to spend extra money
Oh my god me too it sucks dude
@Cameron Scott You can just directly remove stuff from your viewing history, so he could just watch stuff on their profile and then remove it from their viewing history.
How old are you?
I don't think the show contains anything that's bad for you
Even if you are 11 years old
I feel so humble n privileged to not to be born in THE America.
Good for you. You should be proud of where you are from. Now try to openly mock and criticize those in powerful positions in your country and tell me how that works out for you and your family... if you're still around by then.
@@radoraf lol wat
Ouch
Lol looks like somebody's thin "special-snowflake" skin just got pierced by endou's comment.
You realise there are literally dozens of countries with enough freedoms to allow what you're describing, right? US ain't the only place with freedom bruh. In fact your clown-President Drumpf's hatred of truth and freedom of media (which he claims is "fake news") means that what you're describing (openly mock powerful people etc) might even get harder in the US.
Get some perspective. Maybe listen to this song (starting at 4:30) - America is a country in the list of countries. lol.
ua-cam.com/video/G01L40adL0I/v-deo.html
@@radoraf do you think that USA is the only country that allows openly criticizing the government? Have you ever heard of European Union, Japan, Australia etc.??? No? Oh... I forgot americans don't really know geography well... Did i just stereotyped? Yeah, I learnt it from you...
Yo his camera angles and panning is on point! He knows where to look at each frame! If it were me I'd be searching for the little red light every 30 seconds 👏🏾👏🏾👏🏾 Loving this show already
Watching this and noticing Navient is my "service provider":
"ugh... God damn it. Sounds about right."
How do I get on Paid Off? Asking for a friend
Reshma you might want to contact a debt payment provider
How do *I* get on Paid Off and asks for a friend - hmmm
@@river941 That was the joke
When you are watching from poor country in europe and you are at a university and not paying anything.
I just dont understand how this is an issue in AMERICA
Can't wait for you to start paying taxes.
J G P U R E I D E O L O G Y
@@Rednines Perhaps, but it is hardly inaccurate.
@Keith Panton why does every leftwing idea always want me to stop believing in reality and use my imagination so their ideas can make sense. In case you are have not been paying attention, the federal government are amongst the most incompetent people in the world. Case and point: US nuclear missiles are still run on computers that use floppy disk.
Also the US has the 4th highest wages in the world as of 2017. When you look at minimum wage workers in the US you will find that the majority do not have a high school diploma. The US healthcare system is responsible for 40% of new medical discoveries.
Perhaps you should stop thinking only about yourself, come out of your dream world and pay attention to the real world. You just might learn something.
@@dewaldt8104 - you are a hilarious part of what is wrong with your country.
Speaking of using your imagination.... Aside from the fact that I'm not sure I believe your statistics, (what's that quote, 95% of all statistics are pulled right out of your ass?) if you are looking at _average_ wage, then I don't doubt that the number is high - after all, america has a shit load of billionaires (who, ironically, *don't* pay taxes). However there are places where the minimum wage is 7.50 per hour. Now being able to live off of *that* takes quite the imagination - and maybe a time machine.
And again, not sure I believe your statistic about healthcare discoveries, but I also don't think it matters. People in your country are *dying* from *fully preventable medical conditions*. As someone with Type 1 diabetes, I'd never even _consider_ living in america. And all I need is insulin - I can't imagine breaking a leg or, hell, getting cancer while living in america... Jesus Christ.
Medicine is supposed to help people, not make pharmaceutical companies rich. Yet given your country's current state, that's not remotely the case.
Oh and speaking of statistics, if I were you I'd look up how america ranks when it comes to general health, or happiness, or debt, or.... well, any measure of positive societal growth. Because it does not do well in those categories at all. Though I do believe you are number one in prison population, so... there's that I suppose.
Perhaps you should start thinking more about others - maybe then you could actually do some good in the world.
(Oh and you can take your dog-whistling elsewhere - I'm not a "leftist". I just don't live under a rock with my own head stuck up my ass.)
that Median and Mean Joke LOL. He got a point though.
Good meta joke around 20m lol
I am from Germany. Has an interest free student loan. Half of it I did not have to pay back and the other half I had to pay back in small bits in 20 months...but if I could pay back a certain amount upfront the amount I had to pay back decreased by additional 30%.
Having a student debt like you have in the USA would make me not only inactive but planning to overthrow the USA...because it is clear that young peoples' inexperience and lack of knowledge about finances and financial sandpits (not taught in school) is getting exploited.
I would not pay back even one cent in the USA.
"because it is clear that young peoples' inexperience and lack of knowledge about finances and financial sandpits (not taught in school) is getting exploited."... however to some people 5 year old kids are mature enough to choose their gender.
BTW, your University is not FREE. You pay taxes. Quite a lot indeed.
Get me there hahaha
I love the way he humorously brings us the significant news to the viewers... Impactful comedic news anchor I should call him... Really loving his work :-)
As a European all this is shocking to hear.
You probably pay higher taxes.
@@nadominhoca not by comparison not lol, We don't have to think about spending 30K+ for unexpected hospital visits, have more vacations, almost free college.
@@preciousgerbosch Here it goes just one example. If you make U$150k per year you would pay approx. 19.9% of Taxes in US vs. 32.1% in France.
France Tax Brackets:
14% - From €9,965 to €27,519
30% - From €27,520 to €73,779
41% - From €73,780 to €156,244
45% - Over €156,244
US Tax Brackets:
10% - From $0 to $9,875
12% - From $9,876 to $40,125
22% - From $40,126 to $85,525
24% - From $85,526 to $163,300
32% - From $163,301 to $207,350
35% - From $207,351 to $518,400
37% - From $518,401 or more
@@preciousgerbosch LOL. Make 200k in canada and pay 75k in income tax alone. As far as I know, my dad/other people that make 100k+ don't use 75k+ each year in public school, medical care, government services and things like city infrastructure. Add my mom, my brother and I. We don't use all of our tax money. I understand this type of thinking is negative. I appear not to care for anyone. However, my parents immigrated when I was 6 months old. My dad struggled 3 full time jobs while my mom did her medical exams while taking care of a 1.5yr old and me. If you work hard you'll get "there" and realized it's all a sham. Easier to elect Biden, not work, and get paid 2k a month from others taxes.
@@nadominhoca Don't you also have State Income tax aswell? You need to add that, plus property taxes, which depending on the State and county can be quite high. In Europe you only pay one income tax to the country where you live, not to a federal goverment and then again to a regional goverment.
Had one more year of payment... Had a change in living situation.... Asked my loan people to lower my monthly payment, even if it increased how much time I had to pay back + interest. I didn't care, I'd been on time for 9 years. I'd gladly extend my payment window, as long as I was in good standing.
They said no. Do what you have to do.
My credit sank 250pts. Can't get a loan to replace my car, defaulted on credit card, and had to close my bank account to open a free one. And now, moving back home with the aunts because I can no longer afford to live on my own.
Thanks, America!
Yep that is definitely a problem. I saw it when I read the fine prints of the student loans I took. I always made sure to not borrow more than I could afford to repay quickly enough. It's really the compound interest that makes the loan that harder to repay. You lower that, you have to pay exponentially less over time.
Yeah same happened to both my brothers, my older brother missed 3 payments and his credit went down 250+ points and my younger brother suddenly lost his job and asked them to give him a month to makeup a payment but they said no and missed one payment and it went down 120 points. I'm scared for my future
@@radoraf Yeah I was only going to community college, with plans to go to Temple University and transfer to Japan. This was just for my community college and was only 35K. I have my flimsy little degree and other programmes helped with training certifications. Now, my Acct/Busn Mgmt are pretty worthless, my Forensic Micro-Bio certs are a little useful, but without some sort of masters or PhD, most of the jobs I have access to simply won't hire me, though I've got enough school time and hands-on. It's also been 12 years. My school dropped their inquiry, but it hasn't changed anything for me. One less "negative hit" on my credit report.
My car people? Exactly the same. Had my car for 4 years, 2 months; two deferrals. Change in living situations lead me to a position where I was temporarily staying with a friend, and working overnight. Problem was that my parking situation meant that I got 6 parking tix over 2 months, car was towed the following year, lost my car because my lien-holders covered my tix but then demanded I paid them 2K up front to get my car back. Mind you, when I got my car it was going cost 10K, worth only 7K, but after 4 years I'd paid 22K because of interest. My credit report says I still owe 12K. Does that make any sense??? I lost my car, lost my job because public transportation doesn't take me out there during the times I was scheduled to work (overnight) and that meant I missed credit card payments.
Which meant I defaulted on my cc. Which took another 50 points after I worked out a deal with the bank. They closed my accounts with no further delinquencies but that meant no more banking with THEM. So I went from having NO credit to having a 750 and dropping down to 420 in the span of 5 years. It's been about 2 or 3 years now, but I'm just barely getting up to 500 because I'm not eligible to get ANYthing that would actually help BUILD my credit back up.That and lack of jobs related to my degrees and certifications.
Basement-dweller I will be for some time.
@@NOHTenma Try Lexington Law to fix your credit
I think what a lot of people don't realize or just forget is that high school kids are conditioned by school counselors, movies, teachers, and their parents who were also conditioned that going to college is their only respectable path to success. It's inaccurate as there are many paths to success, but please keep in mind that this is what is pushed on them at a young age when you ask "why didn't they just not get the loans if they couldn't afford them?" They're kids who were promised it would work out and were pressured by society.
I have been waiting for an episode on student loans since this show started thank youuuuu
This just stressed me out. The skit in the end was hilarious, but it makes feel scared about what is to come. I have 30k in student debt :(
30 K is not bad.
You can pay that off in a year or two
I live in India. I have a big student loan and my bank has been so helpful in repayment of my loan. I live in a good place.
@@idontevenhaveapla7224 One has to pay in government Universities, private colleges under government Universities and private universities. This order kind of reflects the amount that you have to pay.
I've started binge watching this today for the first time in the order of release, and I must say, this is the best episode of the series so far. Wasn't aware of the shady tactics that LSP's perform to their borrowers. Also, that skit at the end was pure genesis.
I've always wanted to go to college. But now i'm seroiusly reconsidering it.
Me too
That's what the powers-that-be want... to dissuade Americans from seeking higher education.
In my country debt is there but we hardly ever use credit cards. Use whatever you have and live within your means.
Start with community college. Work at least part time. You don't have to get a degree in 4 years.
Community college, trade school, there are some fields that don't necesarilly require college like computer science. If you have some form of certification and experience with making your own programs you could get a programming job.
This episode was funny and stressful at the same time😖
Wow, here I am complaining on excessive projects given by my professors from my fully paid debt free college.
I'm here after the Congressional Hearing.
Who cares, when you have a tax cut for the rich?!
BTW, how's the trickle-down economics working out?! I bet you got *yuuuuge & tremendous* tax returns this year, right?!
If you want an clear answer to your question visit South Korea. Stay a few days and enjoy yourself in a capitalist society. Then head to North Korea and see the sites of a true socialist society. I bet I know which Korea you would choose to live in.
@@johnt1741 North Korea isn't socialist. Funny how you use them as an example, but not a country like Denmark.
@@HERSHISKISS You have a lot to learn my friend. North Korea is ABSOLUTELY socialist. You can't pick and choose the good ones. Power corrupts. Here is a clear example of what I mean. Bill gates does't have an army. Country's do. I would like to see power in the hands of people without an army. BTW, Denmark has a stock exchange as well as socialist programs. It is a mixed economy and far from a good example of socialism.
@@HERSHISKISS I assume they don't use Denmark as an example because Denmark isn't socialist. North Korea, however, absolutely is. Memes and brocialist bloggers are not the best source of information.
@Jonh T North Korea isn't socialist country they just call it so. I from socialist country too, Viet Nam. And what I see when you guy debate about socialist is mostly wrong. Our business are booming not just cooperation, we have relatively good freedom. I admitted that we had a good 20 years of deep corruptions, our country still limit the media quite a bit and it is very hard to do any creative type job. But still we good market regulation, news outlet that aren't exist for the pure purpose of fueling passionate hate toward other groups of people. And I think any type of system have its false, and some country use that system better. For example country like Denmark is the peek of socialist where every individuals are happy to contribute for the development of the whole while still have a lot of freedom, Japan in my opinion is the best of capitalism where companies work tirelessly to bring the customers the best products with the best service at the best price possible. While I have a lot of out-sider hate for America your ego, racism, cooperation shady practices I still think that America is a beautiful country, fill with compassionate, passionate peoples. I still remember the first time I watched American marched for the Viet Nam war to end that was just heart-warming.
Kinda funny that in Denmark, we get the school for free AND get payed to do so :D
@@anib18 yeah like 5800 dkr about 850 in usd
If you don't mind, can you explain on WHY you're being paid??? Like I get the school for free thing but why are you being paid for it?
@@yutazenrenchin9701 that's part of our system in Denmark.. All students can get this support from the state.. If you live at home with you parents you do get less money. Try watching the Trish Regan respons from the danish politisian (Dan Jørgensen) he explains the system
@@MichaelTPDPetersen ohhhh I see, thanks for the info!
@@yutazenrenchin9701Because they are "Socialists" maybe...?? Joking :)
that "woo" at 23:06 was such a mood
Ok, people of the comments. I have an idea as to why there are only four of us here. I think the channel got into some hot watere with UA-cam somehow, so they agreed to nuke the comment sections in specific videos.
Hassan, you should make a show on 401(K), how, when, why it started and how it plays. Thanks for all your shows. I love them😊
He drilled everyone in the congress testimony
After watching this episode I’m really happy that I live in Sweden
BEST SHOW RIGHT NOW!
I've paid the entire amount of the principal balance of a loan I took out in 2007, and I still have the entire amount of the principal balance to pay. No matter how much I've paid, the interest is just too much to keep up with, and AES doesn't care in any way, no matter how much in fees they received that does not go to the principal balance.
Betsi betsi betsi..... I don't wanna scare you guys but Im from Eastern Europe and got cramps from her picture, because even I knew who she was and what she does
I'm from the Caribbean and I'm cringing too...that b*t*i
German guy here. I know a lot about her and her relation to private military contractors, too!
American here. I disliked Betsy Dumbass when she was first appointed, and I now I actively hate her.
I had to choose an article about to write about and summarize for an assignment in civics and there was an article about corruption and Betsy Devos and I was so fucking pissed when I was reading and writing about it.
Loan Services are the shark, but the Department of Education [US government] was the one who allow this, same thing with the bailout in 2008 and 2001 and who knows for how long they been doing this.
WE ARE ... UC-SANTA CRUZ
#BANANASLUGS
PROTECT this man at all costs!!!
Student loans are the bane of my generation’s existence. I love how FedLoan says they’ll forgive loans if you pay on time every month for 10 years. The standard repayment plan is 120 months...which is 10 years 😑.
Kudos to your research team... amazing work
Is everything in the USA profited off by companies ?
Yes. The answer is sincerely yes. Name a thing you would think wouldn't be corporate and I will tell you it is.
Capitalism at its finest
Yes. Literally everything.
Yes
Yep! Thanks for noticing.
The universities who benefited from this, who ran up tuition at 2.5x the rate of inflation for decades, MUST be held accountable, as well.
So...essentially, because I am flat-out-broke to the point where I cannot get a student loan, people want to be in my position? That's good to hear!
Let's not not for the University's in this equation of student debt. The price of 4yr. colleges has slowly but steadily rose over the last 25yrs.
"slowly"?
Yes "slowly". Do you need a dictionary or thesaurus.
Here Jon I'll help you out. I used slowly and steadily for effect also called tautology
Did it rise with inflation or at a fast pace? Also, what about private vs public? (Also interesting point)
I completed bachelor's and master's in a field with a good ROI by attending 2 local universities with a good/decent reputation and lived at home. Total cost: $80,000 paid in full.
Very simple. I took out student debt, graduated, started my career, and paid back my loans!