I have a strong feeling he’s gunna stay at north western 🤦‍♂️

Dont worry, he'll be calling back in two years. Video title: "$250k in debt making $60k". Smh

I went to an expensive school for a year and bombed out. I was not ready academically at all, and I had a $10,000 student Loan to pay off. I worked at McDonald’s, joined the military as guardsmen to pay down that debt. People called me a drop out, made fun of me. Eventually I paid off the debt, went back to college when I was mature enough, graduated with a 3.5 gpa and no student loan debt. My buddies have over 100k in debt. I guess “dropping out” was the best thing I’ve ever done.

I'm a simple man, I see a rant, I click

But Dave, it's Jason's dream to go to Northwestern, get a Master's degree in marriage counseling, and be broke for the rest of his life.

Nothing to see here. Just another caller making a stupid financial decision looking for Dave to validate it for them which he won't.

"This is kind of the way the doors have opened".... it's time to open more doors dude!

I was waiting for him to point out the unbelievable irony that this young man is getting a degree so he can counsel people on family and marriage and he's going to do that by getting himself deeply in debt while financial issues are the main problem that marriages fail

"I want your opinion, but your opinion doesn't matter."

haha he's planning on suing someone to help pay for school

150k of debt for 80k income and he already has 50k in debt and 15k in consumer debt. So he'll have 22k debt making 85k income. Almost a 3x debt to income ratio. He's gonna call in 5 yrs complaining about his bad decisions

In order to be able to provide valuable counsel, one must first be able to listen. This young man has a lot to learn.

We have a friend who got a masters degree in the same field from the same school. She completely regrets it. It's not an industry that pays enough to justify the debt.

You can almost pinpoint the moment when Dave is *done*

He's not listening

Uh hi, I work in mental health in Chicago. This guy will not be making 65-85,000 starting salary as a marriage and family therapist. MAYBE 50.

Dave has wayyyy more patience than I do

"Still a man hears what he wants to hear and disregards the rest" - Paul Simon.

I would not see this guy for marriage & family therapy if he's making this much of a mess in his financial life lol. I have a feeling he is going to stay at north western too

Dave: "seriously, dont do it" Kid: "So let's say I did go and got my masters..." Bruh

I'm studying for Master's in clinical counseling and paying it cash as I go. I learned from my previous schooling mistakes.

Also, a degree is NOT a garentee that you will find a job, or that the job will be well paid.

Masters or not I’d have trouble taking marriage advice from a 25 year old.

$72,000/year is insane.

His 35 year old self is going to seriously HATE him

"but how am I going to party with all my friends if I move to another school?"

This reminded me to go make my dinner: BEANS AND RICE

He's right. Don't do it. Ridiculous. My wife overpaid for her master's degree. Was supposed to get reimbursed by her employer for 40%. 6 months after she finished she found out the school was closing and they where not going to reimburse her for any of it. She's now out of a job with the student loan and hasn't had any luck finding anything. Multiple degrees.

He’s not going to change his course! That brick wall has Northwestern written all over it!

I agree with Dave. I’m the first person in my family to grad from higher Ed. And I graduated DEBT-FREE!!!

I make that much with an Associates degree from a Community College that I spent about $5000 on.

I’m a therapist with a Masters. Go elsewhere for far cheaper. Large, well-respected universities like NW are better for getting your PhD IF you decide to go that far.

*You'd be surprised how many people think student loans are great for low income people* 💪

Yup, Dave's rant is right! After about 2 months in college I decided that there is no way in heck I would ever donate money to my school. After I graduated, I got that infamous phone call asking me for money after I spent $150K there and was not offered any scholarships. Oh that poor girl on the other of that phone call 🤣🤣

Finally. Someone finally talked about why college prices are so freaking high. Student loans. Much like why car prices have shot through the roof. Easy to finance one for 7 years now. 🤦‍♂️

My little brother went to lineman school in idaho from california. Paid 20k and now works for edison in california and makes 120k a year starting with overtime.

I watch these all the time. Makes me happy I always took my own route and did not surrender to a society that tried to convince me the "Value" of a higher education. Always worked, never had kids and got a Certification. Doing just fine.

Dave, you're my rich uncle I never had 🤣🙏🏾....I get so much advice from you🔥

Dave's rants are the best 😂👍

Love how he calls Dave Ramsey for advice & as soon as Dave says "sorry NWestern, no sale!!", the guy follows right on with "yeah, but say I go there and,..." $72k/yr for a degree for a $60-80k/yr 😂🤣😂🤣😂. That IS stupid!!!

I have a AA degree and I make 110k yearly . I been in my industry for about 9 years . I started making 60k 9 years ago . I make more than some of my masters coworker . I’m sharing this , because people need to forgot the idea that their degrees equal high income . Just not always the case . Hard work does !!!

He needs a therapist.

Another example of how a college degree does not mean someone is smart. I only went for the experience & was on scholarship

The doors may have opened this way, however his mind is closed to anything Dave has to say .

While driving off the cliff, how can I survive and still be able to walk?

The genuine care Dave Ramsey shows to complete strangers is so refreshing. We can’t get family to be kind to each other mean while we have people like Dave that shows love to someone he doesn’t have to. Be like Dave!

As a person who used student loans..the program is a problem. I got a BA degree that was basically useless. I would of been better off in a trade school or a 2 year degree. I didn’t have the grades or the discipline to be in a 4 year program. FYI-I paid off all my student loans like you’re supposed to.

I like when he yells at people who aren’t me. 😁

Prestigious schools like Northwestern, Yale, Stanford, etc. are not worth it if you’re going into a specific field/trade. If you’re going to be a teacher, nurse, therapist, etc. it doesn’t matter any where as near as much as other careers. If you have ambitions to be a CEO, a surgeon where competition for residency is fierce, or things like that, the big name schools can be worth the price.

I wish my daughter had listened to this show before she started college 😢

Hit by a car while skateboarding. Now what was that car doing on the sidewalk! 😉. Why do I have the feeling Jason was at fault?

LMFT might start at $55k. More like $40k. He could get a LMFT for $40k at a private school. Come on dude.

80k? No way as a new therapist. Schools and counselors usually overestimate starting salaries and then people like this guy are going to be shocked when he comes out making 50k, maybe 60k. And has 150k (maybe more) of debt

That title *That thumbnail* Awwww yessss

I need to know who this guy is, so if I ever need Marriage and Family counseling I don't go to him

I work for a University that allows employees to take 6 credits free every semester; including summer. I was able to get my bachelor's degree in Psychology for free.

Marriages primarily fail due to financial issues This “Marriage counselor” is gonna set up people for failure

I paid my $200 credit card bill early today. I can’t imagine getting $6,000 into credit card debt. If you can’t pay for it, you don’t need it!

Congressional candidates should be required to pass exams before attaining public offices, and even more so for accepting chair positions on certain committees.

So much WISDOM and COMMON SENSE from Uncle Dave here!

Perfect example of someone that likes to hear themselves talk.

I'm still paying my $25,000 student loan I took out to get my engineer degree. I went to a state school after getting an associate's degree where my credits transferred onto the big school. I also worked fulltime to pay my living expenses, and books and was only taking out money to cover tuition. I wish I would have budgeted better to have avoided that, but I'm still super glad to have my degree. My $250/mo payment hurts. I'm glad I found the Dave Ramsey baby steps. Better starting late than never.

So Dave says don't do it and this young man is still indicating he really wants to. Facepalm.

Wife got her masters degree in marriage and family therapy before she met me. She paid $60k for it, while working full time at a psych hospital. She still went into massive debt for it. She worked for 2 years in the field making under $30k per year. Then realized although she was a great therapist the real money was in research. So now she makes $70k as a research coordinator. Mathematics people. Mathematics! Do not spend money on silly degrees.

One more time for the cheap seats in the back! ❤️ I’m a teacher and think *most* people should go to college. But I think there should also be a cap on how much you can borrow.

He could have spent $40,000 on a degree in basket weaving and made nearly as much.

Love these Dave Rants! Great edit you guys out at Ramsey Solutions! Love how you guys clip these videos together! 👍🏽

The average young adult that attends college does not want to deliver pizza or even work after they get their degree with $100k plus debt

50k undergrad, 150k grad. 65k-85k salary. WHEW

Dave should run for president

I have 20k in loans on a nursing degree from a community college :) I'm planning to get a DNP in 3 years after saving up roughly 60k. I have Dave Ramsey to thank for this mindset. I really wish I knew about him years ago.

Trust me, he'll do the opposite what Dave saying.. He sound like he already made up his mind. He just want Dave to agree with him

Dave: Don’t do this! It’s not logical! Caller: Well, let’s say I do this... SMH. I’ve been calling, wanting to talk to Dave for the longest, and I can’t believe these are the type of calls that end up getting picked up.

End of story: Caller goes to Northwestern and calls Dave back in two years seeking advice on ways to get out of debt🤦🏾‍♀️🤷🏾‍♀️.

Jason, I live in Chicago as well and I thought that I'd have to get my masters in education at Roosevelt University for $30K a year. When things didn't work out I ended up finding another program for a total of $5K for the same degree. Just keep looking man. Signed, Another student with roughly $50K in undergraduate debt.

If a gallon of milk went up in price like college tuition that milk would be $25 a gallon. (I didn’t learn this the college)

Saddling our youth with these huge debts is destroying the next generations entrepreneurial spirit. As my granny would say, “if you can’t pay cash, you can’t afford it”

I feel lucky to have played the school game almost 100% right; coming out of school with only $12k in debt for a job right out of the gate at $75k

We use to say I got a BS MS and a PHD. That’s Bull Sh_t. More Sh_t. Piled Higher and Deeper.

I can't believe how much it costs to study in America!!! Huge amounts to study for low wages.

Makes my 75 cent credit card debt not seem that bad. I hope to have it paid off by the end of the year

I'd love to vote many thumbs-up for this video, but it's only allowing me one.

What makes him think Northwestern will accept him, after all his current school already scooped up a lot of the student loan money.

The catch to grad school is that it is hard to transfer out. You are only limited up to 9 hours at most schools, which basically means you can only transfer out during your first semester. Make sure that if you go to grad school, avoid private, for-profit, and out of state schools. And if you get accepted and decide to go, make sure you finish there. Credits are not as transferable as college credit.

$80k in Chicago is nothing, he'll spend every cent of it

Get a Masters in Social Work it’s more marketable unless you absolutely want to be a therapist then you really need a doctorate.

Wow thanks Dave. Great video. New listener and I am obsessed. Working on baby step 2

Well be reading about this guy on the news 3 yrs from now after he graduates from North Western and is now in debt 250k

I'm thankful for the loans I received. I am an RN now and recently paid mine off. I totally agree it is out of control. I personally know several people who have loans and have zero intention of ever paying them off. That is sad because I dunno how I could have done it without them. I know in the future it won't be available because it's so highly abused. Sad.

I'm 26, at a 40 hr job, going to college online full time for their bachelor's degree in computer forensics/cyber security solely on financial aid. :) I absolutely REFUSE to rely on loans.

He’s not gonna listen lol 😂

100%. Loaning these kids a quarter of a million dollars fresh out of high school is malicious. He has no idea the headache he is in for.

Dave is right. In addition, the education requirements for many jobs have gone up... 4 year degrees are required to be a bank teller or an administrative assistant, but it doesn't pay enough to pay off those loans. Those jobs never used to require degrees, so people feel pressured to get degrees just to get basic jobs, and then it becomes wage slaves because you enter the work force with so much debt. Oh and most of the marketing of credit cards is aimed at students who are just old enough to sign up for them, but with so little life experience to understand what they signed up for. The system in general is rigged for slavery.

Research shows just having your parents telling you that you’re going to college increases your chances and when they don’t encourage to go to college you usually don’t. It’s all about expectations.

72k a year for a job that pays 65-85k!?! I went to a private Physician Assistant school that cost 35k a year and I made 100k at my first job and I still think my loan debt is absurd.

it took me 6 1/2 years to finish a 4 year degree. Was working 2-part time waitress jobs just so I can pay for school as I go. I had an opportunity to go to one of the best law schools in my state, but it was a private university and it was $32k per semester and that's only admission. That did not include the books and the mandatory study abroad i have to do Junior and Senior year which was $20k. Even with financial aid and scholarships, i still have to shell out $11k per semester and find the funds so I can pay for the study abroad program. My husband being the supportive person he is told me that I can just loan it out and then we'll just "wing it" and figure it out on how to pay for it later. I was just like... I am not going to be $200k in debt by the time I finish my degree. I am not going to do that to my family. So I took a break from school. Did a lot of volunteer work and it actually changed my perspective. I decided to go to a different route, changed my major, went to a school I could afford, and graduated with only $5k in students loans (already paid for). Point being is, there are other options people! If you really want to stick with what you want to do, ok. But find other alternatives. Like you North western guy. There are tons of school in America that offer this program for a way cheaper price! you just gotta dig! Because believe me, employers will not care where you got your degree. They care whether you are actually competent to do the job.

This was the mentality of all the students taking out loans like it was candy and now the country has a “student loan crisis”. The crisis is not making smart decisions.

In the 1950s a student could go to a really good college with full board for about $750 per year. And in that era the median income was about $5000 per year. That meant some potential students would go and work for 1 to 2 years and then have the money for the 3 to 4 year program they intended to study. Other potential students would take summer jobs to pay for the year and that meant big hours during the summer with the year then free. Government sponsored programs always have this outcome.

I never thought about it that way when Dave said you have to stop student loans before you forgive them, but it is a good point. Stop the madness

There’s nothing worse than listening to someone call who already made the decision. Imagine getting to speak to Dave, only to waste his time seeking justification for a stupid, unjustifiable decision.