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America’s Student Financial loan Trouble | The united states Uncovered





Faculty and College pupil personal loan personal debt has long gone up 350% to a staggering $1.five trillion dollars for modern millennials. And it appears to be like like it will develop into a large subject matter in the 2020 presidential race concerning Donald Trump and whomever the Democratic prospect is—Bernie Sanders? Joe Biden? Kamala Harris? Elizabeth Warren? Andrew Yang?! Tuition and fascination has skyrocketed and is even impacting real estate. Will need to get out of personal debt? Should there be pupil personal loan forgiveness? Or maybe just ruin your credit score cards and hear to Dave Ramsey.

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50 comments

  1. So as you may have gathered, I have pretty bad student loan debt myself. But I'm dealing with it. I follow a guy named Dave Ramsey, and it's transformed how I think about and handle money. I've been able to take a bigger dent out of my debt than I ever thought possible. Check him out https://www.daveramsey.com/

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  2. what's the crisis? Shut up and pay

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  3. Hears one stop creating meaning less degrees

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  4. No one ever talks about the sense of entitlement of the borrower to get the degree they want no matter the cost. What is the cost-benefit analysis of racking up $80-90k in debt at a private college for a CJ or sociology degree for a $30-40k /yr job? Then you complain about not paying off you loans? Seems like buying a Benz when you can only afford a Ford. Just because you can doesn't mean you should…

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  5. the Han support the Han in China.

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  6. #Bernie2020

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  7. "Selling your soul to the devil" just got a whole new meaning to me…

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  8. I have unsubsidized loan and my interest was building up like a mountain. I have two part time jobs. For a start it was really difficult for me to pay those interest but now after I made myself updated by reading lots of websites on student loans and other educational problems. thecollegemonk.com, studentloanhero and niche has helped me to do planning and implementing for my student loans. I cant wait for political current to change because every year I keep going into debt. You can do it, if I can so act now.

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  9. Its all fun and games till the welfare checks run out and you actually have to pay.

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  10. Ok, so people of US think their army is in Middle East (or other countries), to actually help people over there?

    I wish that was the case, but I don't think so. At least in practice.

    I hope there will be a truly global vision over the whole world one day, but unfortunately, that hasn't been the case yet. Smaller identities (like nations, and smaller sub groups of people) take priority and hence the results are extremely inefficient and wasteful. The world is like a ship and we are all in it. If a part of it breaks down, the whole thing will sink. Doesn't require genious level to see this really.
    We really need a high level vision, and we need it quick.

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  11. I was with you until you started the politics of USA, China, and Africa. Stick to what you know.

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  12. Once you have made all the choices and accrued the debt, taken a useless course that has resulted in you being a fry cook, nothing can be done… U R screwed. You should have thought things out and planned… REALISTICALLY… from the get go. Don't say you did. No you didn't or you would not have a student loan debt crisis.

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  13. I've been telling people it's better to avoid college than to attend and go with debt. But they still jump off the cliff anyways. It's a self induced problem. You can get a four year degree for cheap if you do it right. Go to a community college for $2,000 a year and an affordable state school. I did it and will graduate in 2019 without debt paying under $30,000 in total for my education. I don't feel bad for people who chose to attend four year resorts that had an education attached to it. The college experience is a luxury, not a God-given right. You go to school for an education. The experience is secondary. Something you shouldn't borrow for.

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  14. If you would put 190000$ into high yield ETFs you could just move to Thailand and chill the rest of your life 🙂

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  15. How about no student loans?!?!
    That would make the tuitions plummet eh?

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  16. Some good points about no guaranteed return but way off base with idea to reduce how much students can borrow. This will not cause institutions to lower tuition, it will just insure the poor remain uneducated and the rich continue to attend. I think that schools should be required to justify tuition to get federal funds.

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  17. And by "protect Americans` interest " you actually mean stealing other countries` resources, right?

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  18. If you want to go to college, you have to take a load out, its so expensive, that the problem

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  19. No more government-backed student loans. And, all student loans taken in the future can be discharged in bankruptcy.

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  20. Sanders proposal is actually the only resealable one. Here in Poland we have both paid and free higher education and it works. Oh wait his father was from Poland. SO sorry Chris but sucking up YET AGAIN to Trumps fanclub only diminishes the validity of your other reporting.

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  21. Students of college are the stupidest people you would ever meet. Getting in such debt is STUPID. It is the same as a middle class hard working man buying a mansion for millions when he make 50g a year.

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  22. To think that you need to go to NYU or Columbia or Yale is just dumb. There are plenty of ways to get a college degree and come out with little to no debt.

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  23. Most Universities aren't worth the Degree. Ask for your money back

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  24. It’s not the only type of debt you can’t declare in bankruptcy the others are tax debt ( which you will incur if your student loans are forgiven under IBR) , alimony and wrongful death lawsuits …but yes it’s bad

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  25. This folks is why you should just go to a trade school, it's just better for nearly everyone except the shills who caused this college debt crisis in the first place.

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  26. Go to community college for two years, living at home and working 15-20 hours a week, 40 hours plus during The summer. Then go to a state college for The last two years. Again working to cover part of your expenses. Then take any and all jobs available after graduating. I did this 55 years ago . Not difficult . I did go to the beach fans worked 60 hours ago. I went to Europe for study when I was 57. I lived in a dorm, not in an apartment. I attended graduate school by working ssnd saving money to pay tuition. I even got to attend a excellent private college (Duke) but my employer paid for it.

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  27. Two words GI BILL!

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  28. A bunch of dumb feminists, raised by single mothers, were encouraged to go to college and major in fields of study that do not lead to lucrative careers (sociology, gender studies, communications) to artificially boost the college's female graduation numbers, virtue signal their progressiveness and line the banksters pockets. Sadly, there were no fathers around to temper these silly girls impulses because their mothers wanted to be "strong independent women" and kicked them out in exchange for child support and alimony years earlier. Now the girls are saddled with a debt they can never pay off, they have no career prospects and their heads are filled with cultural Marxist indoctrination. But, unlike the generations of irresponsible women before, there are no white knights riding in to save them. Young men, who were stepped on so that these girls could get ahead, did what men do. They adapted. They studied trades and worked hard and succeed anyway. Now they want nothing to do with these entitled feminists or their soy drinking, college educated nu-male counterparts. Enter the call for socialism…

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  29. Allowing women to go to school is the problem

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  30. What classes the students take and how are they gonna affect a career and income. A lot of students are studying how to be in debt.

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  31. The "usefulness " of the degree program being entered needs to be factored into the loan approval process… a loan should be easier to get in fields that have high demand, and much much harder to get for useless degrees, like political science and gender studies….there I fixed it for you…and I don't even have a four year degree…
    Alternately , you can go to trade school, learn printing, then print all the money you need….

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  32. ok, so ppl dont under stand the problem here. The problem is government. Any thing government touches goes down in quality and up in price. If you are making a loan that you are responsible for, you are going to make sure that this student is worth the loan and that this degree is for a job that is going to have demand. BUT when government comes in and gives out loans and gaurentees loans now a banker can just give any student any loan, for any degree. This false demand created by this moral hazard of government backed credit is bidding up the price of education for every one. It is no coincidence that banks and universitys are always top donors in political campaigns.

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  33. NONE of the democrats want to fix student loan debt!

    1. Making college "free" means EVERYONE has to pay that much MORE! THE AVERAGE PERSON CAN'T PAY THE DEBT NOW!
    2. Lowering the interest rate, OR FORGIVING THE DEBT, means DEFAULTING ON LOANS, AND DISRUPTING FINANCING! So FORGET THAT! The ONLY way to do that is for NEW loans, after paying down US debt, and lowering inflation! GOOD LUCK WITH THAT!!!!!!!!
    3. You CAN'T cut the loan burden unless you lower the amount, increase the term, or lower the rate. GOOD LUCK!!!!!
    4. Protecting students from deceptive colleges(NOTICE, I REMOVED the IDIOTIC "for profit claim) is EASY!
    a. GET RID OF UNIONS!
    b. GET RID OF TENURE!
    c. FORCE THE TEACHERS TO PAY THEIR LOANS, OR ELSE!
    d. FORCE THE TEACHERS TO TEACH!
    e. FIRE TEACHERS THAT FAIL TO MAKE PEOPLE PRODUCTIVE!
    f. FORCE COLLEGES TO CUT COSTS AND INSIST ON DOING THEIR JOBS!

    The costs will go down, society will improve. OH, and the unions will HATE the democrats. WIN/WIN/WIN/WIN! But GOOD LUCK GETTING IT PASSED!

    5. I already said why you CAN'T reduce loan payments.
    Let me tell you a little secret that perhaps only 20 million or so people know. NO DEMOCRAT wants you to know this!!!!!!! Various loans are REFINANCED through various BONDS! Those bonds have to pay a rate HIGHER than inflation and the rate has to account for RISK!

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  34. I plan to pay $2000 per month on mine to just get rid of it.

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  35. These loans should be intetest FREE !!!!!!!!!!!! Another consumer trap …..

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  36. Hey, what about the retirement crisis? My mortgage and car loans should be forgiven too!

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  37. I'd argue our entire system is poorly set up for this, since we can point to other established democracies like Denmark where this isn't an issue. Actually, Denmark is doing so well they don't even need a minimum wage because the unions are so strong that the guy working at McDonalds makes $20 an hour. Also McDonald's food is actually cheaper in Denmark than in the US.

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  38. Same in Australia and the debts keep piling up. A greater number of graduates will never be employed in their chosen professions.
    Universities here are largely funded by foreign students, most of whom are Chinese. Chinese socio-economic influence is growing in this country.

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  39. @ 4:25 omg I’m laughing so hard…

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  40. From the european point of view, this whole topic sounds like a dystopian fiction where debt is used to keep people subdued

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  41. In New Zealand student loans are interest free for those people who stay in NZ. If you move overseas the loan becomes interest bearing.

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  42. this looks like home loans for any and everyone even if you can't pay back like in 2008
    it will come down crashing some day best of luck

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  43. Apply to Ivy League schools. At Yale, 86% of the graduates graduate without any student loans.

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  44. Lol avocado toast, so true!!

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  45. Capping the amount a student can Loan will only make harder for kids to go to school, how are they going to come up with the difference, mom and dad? if mom and dad could have stepped in they would have done it before. that will only make college for who can afford it, instead of who is smart enough. regulate and oversight the schools, ask them why they have a Classical music composition Masters Degree for Idk 65k?

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  46. Lo! Because the world ruled by the US and their allies is so much better…yeah, right…I wonder for who?

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  47. Everything is profit driven to the point where life itself is not livable anymore.

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  48. listen, like in Malaysia, where the defaulters passport is blocked until the dues are paid NOT allowing them to travel anywhere even to neighbouring Singapore should be done ASAP. Rather than bicker with China over a stupid and nonexistent BRI issue which ain’t at all an issue, look at these and set this right and then maybe bicker with China for the rest of ur life. Time even Americans looked at other countries for higher education I must say…

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  49. Work on paying the absolute bare minimum. As long as you can do that, the tax man won't be able to do much

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  50. My only question: why choose to go to college that you cannot afford? Forgiving loan debt is akin to paying off someone’s mortgage,, car payment, credit card. It’s not the taxpayers fault you or your parents created this problem.

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