Imagine if people continued paying on their student loan debt while they were 0% interest instead of waiting for the government to fix the issue they created. Now people will get to pay the loan back with interest anyways (and maybe a higher interest rate). The government will never fix the lil guys problem no matter who you vote for.

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

Education Reform is needed. If we're holding students accountable we should also, Hold colleges accountable & Hold banks accountable.

It feels good being 100% debt free.

Why does a person need to be explained what 7% on 100,000 is?

My friend completed 2 weeks factory training program for Servicing Heating & Cooling. Earned $67,000 in 9 months.

Don’t go to college, kids.

IF students were given this relief, what is stopping next year’s students from also getting into the same debt? There was no reform suggested! This is buying votes at its best.

Well, you should have taken advantage of these three years non payment and zero interest to accumulate your saving to pay down your loans.

When I was in college and was curious about why the loans were so high and if we had a financial problem we couldn't put the loan into bankruptcy,, this is what I was told. A PRIVATE INDIVIDUAL OWNED the Sallie Mae program and made an agreement with the government ???? that the loans would NEVER be allowed not to be paid.

Remember, your gain is someone else lost. Think of the tax payers who work hard to provide for their families and have to pay lots of taxes . Take responsibility of your own choice. We all have to pay our student loans, myself included. I don’t want to take something from someone.

Great, honest questions from the host. 20may23

As I was selling my house inspector said I needed 2 GFCI's. Electrician installed both in 10 minutes was $250. 10 minutes!!!!!

Great video!

The casualness around 4:42 about the student dying being a benefit of the PLUS loans. Classic. I’m center-right, but I don’t know how people can look at this and not see it as an absolute clown car. I take great pride in talking people out of loans and advocating pay-as-you-go for College. Keep William D. Ford outta your life!

Looks like more car repo's and foreclosures about to hit in October/November. As someone who paid off $40k of my wife's student loans, I don't feel sorry for them. I had to work long hours and make sacrifices and sell my dream sports car to pay them off. How many of these borrowers set aside money for when the payments resume? My guess, very little.

Mass non payment thats whats on the horizon. Interest rates should be capped

Hopefully everyone paid them down with 0 percent interest. If you didn’t and bought a new car or went on vacation or bough luxury items you will probably regret that. Good luck to anyone paying them back.

Lol people thinking that the government was going to fix their lives 😂. Peeps Should have taken the advantage of paying the student loans while it was at 0%. I don’t even feel sorry for this people….They signed for these loans knowing damn well what the outcome was.

Avoidance and extensions and now a majority of students added more debt to their balance. Just pay it and stay out of debt.

If you were one of those who went into default before the pause, youre probably looking at 19%

I thought we all already knew that loan companies weren't actually forgiving loans even if people worked in public service jobs?

The government won’t pay its bills, why should I?? No shame in playing their game.

Good

16% interest geez

not paying. i cant

Did the students not budget for actually paying back the borrowed money? Probably taking less credit hours and working would have been a better plan. Worked for me in 1982 when I started college. Summer school and 4.5 years vs a loan.

Debt for diploma is a scam. Think it's crazy? Ok name me 1 billionaire who made his fortune from student loans.

Debt prison! Bankrupt for student loans. 😎

from the sound it is said that interested never stopped until this year.

I love it …be responsible and pay your bills. Nothing is free!!!

Great info from Adam. But the host just asks 1 stupid question after another. LOL

Haaaaa. Good, hope it does skyrocket. Should have thought more about borrowing so much

Mic is too sharp

DEBT STRIKE DEBT STRIKE

I’m so done with the Republican Party. Never voting for a Republican again. Gaetz gets 400k in PPP loan forgiveness but an engineer or nurse recent grad are a burden.

I don't understand why people can't just join the military. They Would be more than happy to repay your college debt even if you're in reserve.

Her teeth are white and bright, I admire..., my teeth... 🤒🤕😦😩😫

It would be interesting if the 26 million+ who applied for (partial) student loan forgiveness were to find an independent presidential candidate to get behind and push on the rolls...or sit out this next election altogether.

What a lousy title. Rates are fixed when the loan is dispersed - the rate is not increasing from before pause/pandemic.

I think young adults will stop going to cool immediately after high school

You don't cherry pick who you forgive....you forgive one, you gone forgive us ALL!#isaidwhatisaid

$29,000 to go

Just say it, borrowing money for school is a mistake for most students living in homes making under $150k/yr. The example, 7% on $100k is $7k. Which translates $583/mo in interest alone. That’s $665/mo for 30 hrs. Or get hit by a bus. Whoops , you kinda already did.

I shed NO tears!!! I left undergrad owing $106,000 + daily accruing interest. I spent 11 years making mostly minimum payments and after binge watching Dave Ramsey in early 2018, I decided to go gazelle intense in paying off the remaining $74,000+. By June 2019, I was debt free!!!!

F**K STUDENT LOANS😂 I COULDN'T EVEN AFFORD TO FINISH SCHOOL & THE JOBS I WORK BARELY FEED ME. MY CLOTHES HAVE HOLES IN THEM, BUT I CARE FOR EVERYONE'S SICK LOVED ONES. THEY CAN'T GET A DIME FROM ME BC THERE'S NOTHING LEFT& I'M HOMELESS.

STOP handing out student loans!! People can’t handle it, obviously. NEW RULE: No cash, no college. Problem fixed immediately.

I don’t understand why education isn’t free, our feature kids shouldn’t have to worry about paying or parents shouldn’t have to worry, I’m a teacher and no I don’t have kids but I do see the hardships that goes through this it’s insane that we pay our taxes but we can’t get educated free among other things like healthcare, affordable living etc we pay for it there shouldn’t be a reason people are being force to pay again it’s a scam it’s like a credit card, a house loan etc and you get the same results DEBT…….

All of you in debt, student loans or otherwise, made the choice. Good luck. Hope it works out. We have all carried debt. But don’t for a second ever cry viticm and expect others to pay your bills. That’s weak.

Yeah let’s punish America’s young and future but let’s pass billions of Aid to Ukraine war and Israel support

Keep voting for Democrats.

I am no longer in dept and will not pay anyone elses. There is the military, military reserves, grants, scholarships, working while going to school, reduced tuition for immigrants, and just rolling up your sleaves and paying off your own damn dept. I do feel bad for people paying off dept and feel backed into a corner but so have people who have paid off their depts. I can empathize but i will move out of country and start life somewhere else then stick around and pay your bills.

Oh yes dont pass the student forgivness loan program. We need the money to help all the rest of the world. We will have our young people growing up uneducated. No goals, no dreams just walking tge streets. Oh more homeless. Less job opportunites . So no new loans. No doctirs no attorneys no senators. Yeah you have the right direction for USA to go🙃🤪👍😂🤪😴

The way she giggles and smiles in the intro while talking about millions being crushed with debt

I am not working, so they garnish my wages, that I don't have. 6.5% to attend school is criminal! SCOTUS can help out by erasing some of our student debt. 1 Billion dollars for war in Ukraine but nothing for poor students !

They can pay their own Debt, I have to pay my Credit Card bills. Grow up you took out Loans. Why is this even being tacked about.

If there’s not student loan forgiveness, the result will be an entire generation defaulting, their credit will be ruined & they will be very unlikely to have the means to buy a home or finance anything! Either it’s forgiven or the majority of it will be defaulted on, either way, it’s not going to be paid!! Just because previous generations were able to pay off their loans doesn’t mean we shouldn’t HELP people NOW, after a global pandemic, inflation like we’ve never experienced before & an economy on the brink of recession/collapse!! I support student loan forgiveness!! If the government can bail out billion dollar corporations who mismanage their finances, then they can bail out REAL HUMAN BEINGS who desperately NEED the help now!! This will have negative repercussions and defaults unlike anything we’ve ever seen before, if the SCOTUS doesn’t take ALL facts into consideration!!!! Help people, not corrupt corporations! Republicans are hypocrites! They benefit from the PPP plan, but refuse to allow middle class Americans to benefit from any relief! Absolutely shameful and disgusting!

Three years that they could have been making payments. Pay your debts kids.

Hahah

It feels good knowing kids will be forced to face reality

use SOFI SOFI SOFI SOFI

Join the military for three years, problem fixed

A good education + hard work ethics = success. A good education + an entitled welfare attitude = failure

Oh Lord! I can hardly pay my rent and food. How can I pay my student loans?

People I went college with used studen loans to go on ski trips and spring break in Florida. Why f should tax payers pay for that? Lol

I am debt free because I went right to work after high school. I amassed a huge 6 figure net savings and I will be able to retire comfortably at 62 years old!

I wish they would charge everyone who benefited off my tax dollars 50% interest rates.

With the current IDR plans are even going to expensive. I'll have to choose to eat or live on the street to pay them back.