Did that Tara woman at 0:42 say she has 280,000 in debt for a degree in Chinese Medicine? What the hell is that? Who has such a degree? Where is the market for Chinese medicine to obtain gainful employment to pay back any debt, much less an outrageous amount like that? What the hell do these people be thinking? They're just so self-entitled they can't help themselves.

$300K to study Chinese medicine. What on earth were you smoking

BS in Mechanical Engineering. $32,000 of debt. Paid it off in two years. Lol.

Debt is slavery LOL land of the free my ass.

"I'm in crippling student loan debt that I can't get myself out of ... and now I'm going to borrow for my daughter to go to college too" ... seriously?

These college are laughting straight to the bank

i stoped at $3789. I was shock to see what i was getting from an IT school semester.I paid it off and went straight to work.

This is beyond depressing. Praise God I went through six years of college and grad school with no debt.

1:08 "I have a 17 year old starting school soon, I'll need to borrow for her..." Haven't learned one thing. Not one single thing. Some people can't be helped. Apparently experience is a teacher that some will just flatly ignore.

shows how disconnected our society really is. schools tell us to get a degree, counselors and parents tell us to go to college, but entry level jobs and employers look for more than a degree.

education is so fucking overrated, let's go old school hard work is the way to go I'm a plumber a fucking plumber but I make 27 dollars a hour at 22 and no debt.

Idk how in this country ur not aloud to drink till 21 but at 18 u can start taking out major loans for a choice u had to start thinking about at 16 if not later during senior yr because lets face it its high school. This system needs to change

Don't pick useless degrees and if it is then you should know how to use it. People need to be educated on how, why, and when you should spend money for school.

Should've dual enrolled. 2 years of free college. It also helps not to get a shit degree.

I was more proud of paying off my loans that getting my degrees.

>$280,000 in student debt >Has a degree in Chinese Medicine Okay this shit pisses me off. People get some stupid ass degree for some bullshit career and bitch about how they're in debt and can't find a job. If you're stupid enough to willingly choose a useless degree and go that much into debt for it, you deserve absolutely no sympathy, let alone help.

Yah, in 94 I had 22K package of student loans. In 2002 made my last payment and closed my account. I remember 'celebrating' with my coworkers - and they all shrugged their shoulders like 'oh - that's nice' and they rolled their eyes like it was nothing.

I went into the military and when I got out I used part of my GI Bill to become licensed in massage. I then used the remainder to get a bachelors degree. Massage is pretty decent money and because of that, and the flexibility in hours it allotted me, I was able to focus on school. The GI Bill didn't cover my entire degree, but I was able to finish without any debt.

The girl who thinks $25,000 in debt is astronomical should consider herself lucky as well. That is NOTHING. My father paid off $28,000 of debt in three years!

1) Don't get a worthless degree. 2) Don't use student loans as a source of income to live. 3) Learn from your mistakes. 4) Be responsible for your mistakes and pay it off as soon as possible.

Everybody thinking $25000-$30000 is a lot when even after scholarships if I pick the art school I’ll have $70000+ in debt but originally it would’ve been $200000

I flunked out twice! I couldn't keep up, and there was never an option not to work while in school. Looking back I feel I had academic performance of an 8th grader. Am I alone?

DON'T live of student loans only borrow enough to pay for school and work to pay for your living expenses.

I had student loan of 34k . i have been very determined to pay it off since i have a job. It has been 15 years. Now my balance is 1300..I am so happy. You can do it people..throw everything into it . make it your sole priority. work it out unstead of complaining. You took that money..now it is time to pay back. we are all adults here.

Tbh a big part of this is that people have to do their research and get degrees that will return the investment of money such as engineering, nursing, accounting, or computer science. There is no point in going to college and spending 10s of thousands of dollars on an arts degree because they are of very little economic value due to the fact that so many people have them and almost all employers are not looking for those specific skills.

I'm in Computer Systems Engineering and I pay $0, the government pays it all and I don't have to give anything in return. Viva Mexico!!

I have a law degree and I am currently using it for my own empowerment AND I paid for it out of my investments. My parents taught me to never get anything you can't pay for. That early financial advice has served me well.

We need to just forgive student loan debt all across America. It's a total joke. Kids in Europe get PAID to go to college or they go for FREE? American education is a fucking joke because they don't teach us financial literacy at all.

Currently in a position where I have a year left of community college and trying to figure out what I exactly want out of a major to continue my college education. Whether or not putting out loans to get a piece of paper will be worth. I just really think it seems kind of grim to sell your future. Especially for those including myself that have to pay for it all on their own.

This is a cool video to bring attention to the student debt crisis, but i would much rather watch one long video where people speak at length about their experiences

So many of us have student loan debt that it's become normalized. No one I know is ashamed about having debt.

I see nothing but sheep in this video. A slave obeys, a man chooses.

I'm Canadian and in some places in Canada (I'm not sure where or if it's the whole country). If the household income per year is under a certain number you can attend uni or college for free (you still must pay for things like your text book). That's a reason why I love Canada such an understanding country.❤️

"I have around 180k in debt. I have a law degree, but I am not currently using it." WELL THEN FUCKING USE IT.

I think the key issues here that a lot of people are too focused on the type of degrees one gets are missing, is 1. The fact the money being put into student loan debt is money that's not being put back into the economy 2. The lack of an investment in creating a skilled workforce that would help us compete globally with other developed countries 3. The fact that many job markets are oversaturated - as seen by the example of the man who has a law degree and isn't using it. Even engineers are finding it difficult to find work. There are other things I could point out like the fact that many people (teachers, parents, ect.) tell their kids or students to "get a degree, it doesn't matter what you get it in, just get a degree", and so much more. It's not an individual at fault here, it's the misguidance from our culture and an economic problem that needs to be addressed. I personally couldn't care less what degrees these people have. What's important is that $1.2 trillion dollars are not going into the economy and the fact that job markets are oversaturated. These are the facts. Stop talking shit about things that aren't important, and look at the problem objectively and at large.

As much I want to sympathize with them, they should of known the math. High school students need to know is the power of compound interest. Also, these people should of either majored in a STEM field at a state university or a trade. Yes, we need an education after high school. But it has to be an education where at the end you have the skills that employers are willing to pay.

To the young man with a law degree and $180K in debt. I hope you are using it now! Work in finance!!!! Did you know that most of the CEO's of large banks have law degrees? The exception is Jamie Dimon with JPMorgan Chase. We can forgive him. He has a Harvard MBA and is married to a Harvard MBA.

She student medical assisting and has 28k in student loan debt?! She must have went to a for profit school.

This week, my husband and I paid off my $50,000+ (interest included) in student loans. We bought/ have been living in a 26 year old RV so we could put all rent money into paying down my loans. Best decision we ever made; Otherwise, we couldn't see an end when we would be free from that albatross. It took us 3 years, and our decision to live in an RV got us out of the student loan hole.

If we did not outsource jobs and if these employers did not require college degrees with job training, this crisis would not be so severe!

What the hell $300k for chinese medicine? YEAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA OK.

Were these people born with this debt? Did the government or a university come to them with guns and force them to sign it? Did they voluntarily sign up for student loans? I have student loans and I blame no one. I am paying it back because that is what I agreed to do when I borrowed the money. No one forced me, I wasn't born with that debt, it was my choice. These student loan stories are stupid and make it seem as if the students are victims.

Where's the PERSONAL RESPONSIBILITY in these sob stories. Good GRIEF, people. What prevented these people from working and putting themselves through Community College like so many of us have done?

If you can't afford it, then don't go to college. It's not worth the crushing student loan debt. I don't have any but I know many who do and it's very sad. I feel for them :(

It is a little or very ironic that many students who were law and finance majors are now in debt after graduation. They are suppose to be the consultants of the future but they are no better than anybody who's paying off their mortgage debts in the long run. What is the good in that?

72k in student dept in Cyber Security. And I'm not even doing what i learned.

Your degree is supposed to pay for itself. If it's not going to make you money, then why pursue it?

These people really cant pay a 30 thousand dollar debt? I have a 40 thousand dollar student debt that I am paying off each month. I just don't get it, how is people can afford new cars but cant pay back their debt. They are just upset that they have to pay it back so they turn it into a crisis that isnt really there.

No one: Girl in the video: I chose Chinese medicine as my career

I did more than go to college, I passed my actuarial exams and had work experience in college.

It's 2019 and most of these college degrees are not working. Employers want experience so you need to lie to them. College is just too expensive to justify and many people like to sugar coat it.

The same goes for medical debt, though fortunately it doesn't hurt your credit score as bad.

Reaching for the tissues here, crying from laughing so much.

Thankfully im not in dept sinse i havent been to college yet is while i focus on investing

Gosh thank God education is free in my country.

Im in the same boat but after 7 years, i'm done complaining. 4 months ago, i implemented Dave Ramsey's rules for paying off debt starting with a budget and i feel as if i am taking control of my life financially. I encourage everyone else to do so! Ive paid off 12k within this time frame. Previously, I felt entitled to a comfortable life because i made the decision to go to college. Life is not fair and being a victim doesn't change anything. I hope these individuals are able to turn their life around. I've got 2 years to go and i hope to wipe out my entire 80k student debt with multiple jobs.

For people without debt like me, it's extremely hard to not just think that they shouldn't have taken the loan if they weren't willing to have the debt

One of the girl in the video is 22 and she says she doesn't have anything to show for it. MMM how about you put that degree to work and get a job and work hard in life and pay back the debt. Gosh these stories are ridiculous. Shes only 22!

Whenever I watch these videos about student loan debt I see people who have made very poor choices. Whether it was a poor choice in major, private school over public, out of state over in ultimately you have to be accountable for your decisions. Do your research before mindlessly signing away on loans. I dont think student loans should be discharged with a bankruptcy. That will further open the floodgates of irresponsible borrowing and ultimately the taxpayers foot the bill. However there definitley needs to be changes to ease some of the burden. I know it will probably never happen but why not things like capping interest rates to like 3%. Or reward consistent payers with lower interest rates over the life of the loan. I know there are programs like loan forgiveness for public workers but do something across the board.

28 k is not that much and can be repaid

Makes me glad I'm getting an electrical engineering education by auditing classes. I'm too old to start a career in EE so it doesn't matter if I will never get a degree. Quite a bit of EE is stuff you could learn by reading books or watching lectures on you-tube. There is no reason why one class at CalState LA should cost $1400 but I guess that's what higher ed. costs now.

I'm 22 years old with $31,000 left. In 48 moths I will be debt free. I took ownership of my life I will not be a victim.

For those wanting to "do college" differently, you should check out the EBook "College out of the Box"! (and the FB page) My son was able to do college and high school together with NO student debt (a total of only about $3,000) from an accredited long distance college. Never had to step foot on a campus, NO debt, no wasted time! It works for adults wanting to get their degree, high school students who want to earn a few credits to transfer in to their choice school or the way my son did it! For sure, college is a HUGE business- don't let your kids start off life in debt or without the needed skills!

Dave Ramsey

$28k for medical assisting? Where did you go for school? My friend did the same program and had $7k…she already paid it off

Has anyone heard of the “Kalamazoo Promise” scholarship program that can cover up to 💯 %? People are moving to that city because of that program..It even covers for private universities too.

Such a sad situation we are currently facing as Americans. I wish our leaders could invest all their efforts into solving this problem. A country's system shouldn't force the future leaders of tomorrow to chose not getting an education due to crippling debt.

I have just over 32 grand in debt, I'm living with my grandparents helping to take care of my grandfather with Alz. and I just got a full time job. I plan to have that debt paid off in 3 years if I send every penny I make towards my student loan debt. Had I have known THEN what I know NOW, I wouldn't have gone back to school. The full time job I have is beneath a college degree. I should be able to make a decent living or so once I pay it off or get married or both.

2:24 he's right lol

I would love to see them interview people with STEM degrees to get a comparison on how much they borrowed.

I was curious if they offer college courses for people with a learning disability... And if so, is it as expensive as regular college, or is there some tax break for those people... I've always been interested in extending my education, but I was just never any good at being a student... I have a CDL,i can weld, and also have some mechanical skills... Those are great trades but I'd like to do more... Any suggestions out there, I doubt seriously anybody cares, but any help would be nice... Be safe, be blessed...

AT 2:29 --- the LAW guy says he didn't UNDERSTAND the "FULL weight of it". This guy has NO common sense! You CAN TELL; He was told OVER AND OVER; "You are SO SMART, you DESERVE this, just keep going, it will ALL PAY OFF". Some one or some people just wanted to say "he is a SUCCESS, he is A LAWYER". He doesn't EVEN practice law as of this video. Let's see if he TAKES RESPONSIBILITY for ----HIS DEBT, or are the taxpayers going to foot the bill for "HIS STUPIDITY". ANYONE who would want this guy as their lawyer deserves to lose in court.

300 k for chinese medicine???are you kidding me....

My philosophy is: you don't pay for things you can't have, and that goes for everything, a house, a car, education and even a fucking pair of shoes, I'm out.

Borrowing tens of thousands to get a fine arts degree is just stupid. period.

I don't know If this is actually possible, but countries like Switzerland and Singapore have income protection laws hindering the confiscation of income by private companies. So what if you were to immigrate to such a country and eventually nationalize? Would the banks still be able to claim your income?

How to get out of your indentured servitude (student loan debt and the 6-7% interest the government charges): 1. Move to a foreign country 2. Get new citizenship in that country

I went to a state university having made a financial decision this was a school I could afford while working during my studies. I never borrowed a penny and graduated debt-free. My acquaintances scoffed at a state university education and instead went to expensive colleges, ending up with a load of debt. TBH, I am sick and tired of listening to people whining about their student loan debt. First of all, they lack basic math skills if they cannot calculate $50K x 4 years of loans, and they lack imagination, if they cannot envision what this means repayment-wise. Most of all, taking loans thinking university education guarantees anything in life is dull and irresponsible and it should not be excused. You make decisions in life and then suffer consequences of your decisions, period. When you take loans you are in debt, those loans don’t magically disappear

You guys realize these are actors/actresses, right? They're not real.

Friends don't let friends get into debt

in my country i only pay 500$ every semester until i finish my degree

Huh? The financial aid office was so 'crisp' and 'cleanly' that you couldn't think of what you were doing? What do you want, a run down decrepit financial aid office? Maybe that would have been good - would have saved you from getting a useless fine arts degree

I'm sorry but so many people are in debt, so the hell is ashamed? This is crazy and unfortunate but why would people choose such a risky and redundant major when they're using LOANS?

I went MGTOW partially cause young women in America carry too much student debt

I went to college(a state school) and had debt when I got out. Knowing I had this debt I worked 2 full time jobs each of them paying just above minimum wage. I did what ever I had to do to survive. My point is this...... If you make the decision to take on ANY debt YOU must find a way to get it off it. IT'S CALLED RESPONSIBILITY. I feel that this should be called "the bad decision crisis. YOU make the decision to take on a stupid major (communications, history, art, philosophy). YOU make the decision to go to university of Phoenix, devry, ITT. Shame in your parents for not educating you about money and responsibility. And shame on you for not thinking ahead as to how this debt would affect you later on. Banks, just like casinos are open for a reason and it's to make money.....

I mean, the problem is not much about the student debt. It is the interest. In my country the government controls the student loan, with only 1% interest per year.

280K to study Chinese medicine........just.....WHAT?

holy molly those people with 100k in debt are f*cked, i have 15k myself .Luckily, that's all i got.

my friend says she will take the max and pay the minimum back and if she dies with debt, screw it.

back in the day you could just pick up a book about a subject and teach yourself and even be able to become president(abraham lincoln)

Last time I check, no one mandate you to go to college.

Financial aid office... Efficient? HahahahahahahahahHahhahHHHHHHahhahaha

Trades can't always land you a job afterwards either. Default if necessary, I mean it's not like you want another loan for a house or car.

I can't believe no one told that law school graduate, with the flamboyant pocket square, that you have to graduate at the top of your class from a top ten law school, in order to get a well paying job as an attorney. Poor guy is now probably doing commercial real estate, where there are tons of JDs, and that investors are often biased against those who wear flamboyant pocket squares.

How the repayment works in the US! Because in the UK you have to give it back only when you meet a minimum annual gross salary set by the governament, until you don't hearn enough you don't have to repay...

gets a art degree expects a job.

Wooof. At 10% too most likely. That's $1,000 interest for every $10,000. Most of them seem close to $50,000 which is $5,000 a year interest payments. That's, what....... $420 a month just to maintain principal.

Why go to school to be a medical assistant? they barely make more than a CNA

I almost cry😓. It's so sadly😢😭😭

Found this link in an article written by someone who believes too many people are unecessarily going to college. "According to the Georgetown University Center on Education and the Workforce, there are over 30 million jobs that pay an average of $55,000 a year and do not require a bachelor’s degree. The healthcare industry alone is creating millions of high-paying jobs that don’t require students to study for four years. Despite the benefits of vocational education, it has yet to appeal to American students on a broad scale..." www.cnbc.com/2017/09/15/why-california-is-investing-over-200-million-in-vocational-education.html