Asking USC Students How Much Debt They're In (SHOCKING)
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- Опубликовано: 18 июн 2024
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Americans owe a staggering $1.77 trillion in student loan debt, which is why in today's video, I went to USC, which is one of the most expensive colleges in California, to interview students and see how much they had in student loans. I'll also ask them about how they plan to pay it off, their advice for making and saving money, and a bunch of other insightful questions for incoming college students!
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If you're a student preparing for college or someone struggling with student debt, then be sure to watch this video because the students I talked to had a ton of valuable advice and stories! I had so much fun talking with everyone, and if you were one of the people I talked to in this video, thank you for taking the time away from your busy day to talk to me!
I hope that if you're watching this video and you're worried about your student loans, you can watch this and know that you're not alone. A lot of my friends from college have over 6-figures in student loans that they're still paying off to this day, so I highly recommend checking out SoFi where you can get a cash bonus of up to $250 when you sign up with my link! They're paying up to 4.50% APY on their savings accounts which is a lot higher than most banks out there right now.
If you enjoyed this video, and you want to see more interviews like this, then feel free to check out my other videos:
Asking UCLA Grads What Their Starting Salary Is:
• Asking UCLA Grads What...
Asking USC Parents What They Do For a Living:
• Asking USC Parents Wha...
I hope you guys found this video helpful, and if you did, please SHARE it with a friend or family member who you think could benefit and also LIKE and subscribe for more videos like this in the future!
Thank you so much for watching, and I hope you have a great rest of your day!
-Charlie
#USC #COLLEGE #STUDENTLOANS
Timeline:
0:00 - Intro
0:19 - Emma
2:01 - Michael
5:16 - SoFi
6:15 - Dongze
8:48 - Sydney
10:33 - Alon
11:57 - Sara
14:24 - Ali
16:57 - Sophia
19:41 - Outro
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In addition, I am not a financial advisor. Charlie Chang does not provide tax, legal or accounting advice. The ideas presented in this video are for entertainment purposes only. Please do your own due diligence before making any financial decisions.
► My Instagram: / charlie__chang
Worst than having a student debt, is being a drop out AND having a student debt.
No, the worst thing is asking other people who never went to college to pay for your student loan debts.
I had a professor talk about degrees, pay, and what to do in certain situations in our first day of class. He said the worst thing we could do was realize we weren't going to use our degree and continue to pile up debt for years because you're lost and you don't know what to do.
@@HyperspaceHoliday Oh boo hoo. The entire student loan forgiveness talk was ridiculous about this argument. I'm sorry, but you're absolutely fine with how much money is wasted in the DOD that you "pay for" and never see, but student loans was your breaking point even though the research showed that that money not going to loan servicers pockets would have actually benefitted more business owners so congrats on playing yourself.
@@kgal1298 huh? When did I say I was ok with the out of control DoD spending?. If what you said was true in any way, then simply giving free money to everyone is good. I want all of my loans paid off too. And just add that on to the national debt. If you have to pay higher taxes because of it, then too bad, right?
@@HyperspaceHolidayHmmm, almost like how my tax money goes to immigrants who come here and wars that have nothing to do with me? Where’s the same energy?
Ali is really relatable. Community college is underrated. The tuition is waaay cheaper than any university. Just be careful not to get stuck in there.
Agreed. I have a BS in Math. Interested in getting another bachelor's and will likely start taking classes at a community college first
I definitely agree with you! But what do you mean exactly by getting stuck there?
@@curly.e Community College is usually a vehicle for you to transfer to a university or to get a certificate. I’ll just speak from my experience, it can be different for everyone. I’ve noticed if you are trying to transfer you need to be very proactive. Community colleges do have a lot of resources but they are only useful if you seek them out. Unlike Universities where they essentially hold your hand and ensure that you graduate on a timely manner. It’s very common for students in community college to lose sight of their goals and drop out. I also say “stuck” because i’ve seen cases where students don’t actually know what they want to do with their careers so they treat it like a part-time gig and stay there for many years without making much progress.
I couldn’t get in some programs because they thought community college classes were a joke. Also when I transferred to a 4 year school making sure they transferred they made me retake them saying it wasn’t up to their standards. Like they would transfer but you couldn’t take the next class without their version first. Community college was a SETBACK to me personally and wish I would have went straight to a 4 year
@@Amandapuhleasewhat kind of school is that, they seem greedy.
Michael from the army with his scholarship in mechanical engineering is a real G
That kid literally has the best situation but nobody will understand it
There is no better feeling then getting a full scholarship , such a stress reliever 🙏🙏🙏
even without the scholarship, the fact that he'll have a mech engineering degree would make it easy to pay off any loan.
Air Force, not Army
@@BBVictini1even better
lol not army
@@BBVictini1 my bad in canada it falls under one branch : the army …. So I assumed the same
Making the decision to take out loans at such a young age is a big thing that you don’t worry about till after you graduate
Blame parents
It's predatory...people don't realize it.
Its not being forced on anyone. You dont need a loan to go to college. You also dont NEED to go to college in general and you definitely don't need to go at the age of 18.
Nobody is holding a gun to your head to take student loans, but useless or ignorant parent do not teach their kids about finances. So students think they have no other options.
@@Jeremiahking101 You can say “it’s not being forced” for a lot of things. But kids being taught in public schools are told their entire lives that if they don’t go to college then they’re going to be losers. They’re told that student loans are no big deal. 18 year olds are given loans for tens of thousands (if not hundred of thousands) of dollars just by signing a piece of paper. Adults with actual incomes have much more difficult times trying to get loans from banks. At 18 years old you do not know what you’re getting into when you borrow that much money. Just because it’s legal doesn’t mean that it’s not predatory.
Sydney is so screwed... I feel bad for her. She's 17 and is going into debt at a rate of $20k every semester and doesn't even know what she is going to do with her major. NOT SMART!!! She needs to pause and think her life through and actually make a plan. Right now she's totally f'ing herself and doesn't even know it.
@jumpingjake123
At 17 years old, despite the screw ups. There is one thing that’s really working for her. Guess what that is? TIME. She just has so much bloody time. Would look pretty ugly situation if she was like 25. But at 17 you don’t have anything to lose you don’t know anything about this world. You just have your entire life, that’s all good luck to her
Sydney needs to make her damn mind up. It's costing her time and money
That’s black American student for you often times we go into college with not plan just going because her mom been pushing that on here (im black by the way)
@@linzhao2235Yes...money to lose...don't make mistakes like debt of this kind at any age if possible...her mom just 'wanted her to go to college'. Unfortunately AI will make her degree useless!
@@popdna5926 but she could go to a community college
My daughter's dream school - she got into USC's Viterbi but after calculating we just couldn't make it work financially. As parents we are fully funding her college. Happy she went with a state school, where her AP classes count.
They increased the tuition this year it's absolutely insane compared to places like Cal State.
Trust me. USC isn't that worth it. College is all the same.
@@kgal1298 cal state is a huge rip compared to out of state publics.
Does usc not provide any kind of financial aid or scholarship?
@@thebesthumanbeing7328 It’s mostly need based at USC and if you have parents that make great dough but won’t pay then you are screwed.
I love the “don’t be a b****” advice 😂
Hahah yeah that was a good one
That Airforce dude is smart! The military absolutely pays off your tuition and even pay you handsomely while attending for higher college! All you have to sacrifice is a little bit of your time but it’s worth it!
But you’re in the military. You fight wars when called to do so. You could die in a war. That’s the sacrifice.
he is in air force not marines or army. @@pauljackson2473
Currently pursuing my masters in aerospace engineering at USC and my company is paying for all of it! Debt Free. Probably the smartest decision I've made was to invest myself through my employer.
They should interview you!
The military guy is beyond commendable. A good head on his shoulders. More people should follow that example versus taking needless loans for a “maybe”.
Heres the thing about community college. You find the extremes there. You find those that have no business being in college. On the other end you have those that should have gone to MIT in the first place and then those that transfer to top universities. Many of those that transfer are smarter than those that started at a 4 year. This military dude will be a success.
Very well said!
It is very difficult to transfer into the top universities. They place all the emphasis on the first year students. I knew someone from school in Boston who transferred to Harvard second semester freshman year, but he had been waitlisted originally at Harvard. Those schools really want you to do the whole four years there-they also limit the number of credits you can transfer and may make you take placement exams.
Shoutout to Michael for executing his long-term plan!
Military kids choosing the right majors
Because we know the BS we went through to get the "free" education. Can't waste it on some basket weaving degree 😂
It's sad that college students feel frowned upon or embarrassed for working at crappy jobs like delivering pizza. That was what some of my friends did in college. The rest of us worked in retail to fund our tuition. It wasn't much but many of us learned and understood the value of customer service and business aspect of it should we decide to run our own business someday.
its only because he goes to usc that it looks frowned upon, i could imagine the feeling that most of the students there that come from wealthy families, the truth is, just having a job in college is still something to be proud of
Retail taught me how crappy working at retail was which was great motivation to study more!
I delivered and made pizza in college. I now own my third Shakeys restaurant.
Honestly I would be embarrassed to NOT ever have worked until I graduated college.
Makes it seem like you’ve been bottle fed and lack any type of responsibility, accountability, maturity and independence.
It's become embarrassing a little. Not because of who you interact with, but because of the customers. Personally, I worked at fast food for exactly one month and I was recorded, cursed at, etc. It's embarrassing to have to keep calm and know they're thinking: "that's why you work at xxx"
I went to community college and got my associate’s. I’m about to graduate with my bachelor’s in the Spring. By the time I graduate I will have $12,000 in student loans. Unless you’re someone who truly cares to have the college experience, I would recommend to just go to community college. Or you can live on campus and go to a traditional university and at the same time go to a community college.
CC the transferring is such a smart move
Less student loan > college experience
Same situation here. Went to CC and graduating with a material science BS this spring with $0 in debt. Pure scholarships and grants for an in-state university.
Happy to see someone talk about the military benefits. You can go to college on the military or get your loans paid off by the military and then have them pay for graduate school. If you leverage the military incentives, it's super lucrative.
@@k-mart7475 USAF
@@k-mart7475 You may consider talking to a recruiter in each branch. Start with the Air Force. 😊
@@k-mart7475 whichever has the job you want. Branches don't matter, ultimately it's whatever military job that you'd have the most fun doing. All branches offer the same tuition benefits
That doesn't apply to USC unfortunately or most private institutions. I'm a Marine Corps veteran currently attending USC. GI bill benefits only cover roughly 23k of the 63k annual tuition. Pays roughly a 1/3 of annual tuition at USC.
@@k-mart7475 I'm not too sure about the reserves since I haven't done it. But make sure if you're doing it for college, you read all the fine print because reserves may not offer the same college funding as active duty.
Feel bad for all the ones with loans that study art courses
Be angry at them and feel bad for yourself, you’ll most likely be the one stuck paying for it down the line
@@1zy Not all of them regret it though...so would you say that to them? Obviously people make choices, but it's just funny how many people trash art degrees yet how many billionaires pay millions at Art Basel every year for art? It's just stupid to hate on something that's usually a passion for people.
I bet half of the student debt in this country comes from California and Massachusetts alone
Lol probably.
high tuition and low starting salaries is the reality, lol they'll never know until it's too late that universities are TAKING ADVANTAGE of youngsters!!!!!!
Everyone needs to take Dongze's advice, man dropped the most obvious knowledge that people need to hear today. If he has social media, i'd follow him immediately.
Can someone drop his @ haha
💯
Common sense is uncommon nowadays!
@itsdongze
@@dongzeli1318 thank you for the great content, followed!
Great video! All these students seemed to be pretty levelheaded. I wish them all a bright future.
A young reservist Marine: "Marine Corps also taught us a way to save money."
Go tell that to other young Marines as well; especially, the ones (usually, E-4 & below) that are driving around in new muscle/modified cars/trucks.
Your questions are spot on and so relevant for the students who are going enter into the challenging stage of debt payment once they leave the shelter of college.
Some of the most worthless degrees (in the job market) are being pursued by the people who are taking on the most college loan debt. For example, 28K for something called a "public relations" degree... 20K debt (and growing) for "cinema and media studies". Sad.
Agreed. Lots of Garbage degrees being peddled by University Counselors. Jobs that pay nothing or very little compared to the debt incurred.
While I would agree with this in most cases, for USC almost any major would be good. PR and film would not be ideal at worse schools but for USC it's perfectly fine. Especially the film program at USC, cause that might be the top program in the country.
It’s probably correlated. No mentors to guide them
@@seanmorgan4119 No undergrad degree is worth six figures of debt when you graduate. Doesn't matter where they rank across the country in that degree. I know a set of brothers, one went to Stanford for CS and the other stayed home and went to UW on a full ride for CS. Both got jobs at a FAANG company out of college, making an indentical amount of money. One had almost 85k in debt and the other nothing.
Super sad!
I went to community college and I'm wrapping up my doctoral degree at USC. Love the school and the program I'm in. My loans are for my bachelors and MBA. ❤ worth the investment. I cash flowed my USC degree.
The proof of success will be in your income, not in how happy you currently are with your decision.
what is your bachlors degree in?
It should be a requirement to attend a community college, especially if you haven't decided what you want to pursue.
That or taking some time off because really the key is to get exposure to different industries, talk to people, find out what you actually want to do and how to get on that career path.
At the moment, community college has morphed more into being not much more than a "high school extension" for kids who took remedial classes OR a place for people who are ESL (English as Second Language) to learn English. Or, go back to school to restart a career. The whole, take two years, work your tail off, get an associates degree and shave two years off state university, that is less and less the case. When all the core classes were the same for the first two years, that worked for community college. That model no longer exists.
@@paulcolburn3855 since when? I went to community college from 2015-2017 transferred to a university in 2018 spring, graduated in 2020 with a BA. I now make 98k a year not including bonuses living in Southeast Texas. I have a cousin doing the same thing as a cc transfer this year.
Salute to the young Airman, soon to be a Lieutenant. Go Air Force!
Fly Fight Win!
I love that you ask people how much money will it take for them to quit school right now. Please continue asking that. also how much money is currently in their checking account. Love your content by the way! ❤ Especially interviewing a particular niche of folks
Love your questions!!!
It's always easier to borrow and spend other people's money. These students would make better decisions if they had to earn the money to pay for college.
This RUclips Channel is a real gem. I just wish there was content similar to this not in a HCOL area such as California or NYC.
Very good video 👏🏼 thx Charlie!
I can’t wait to hear these same kids call into the Dave Ramsey show or the Financial Audit with the Hammer guy.
I love Caleb hammer
@@squirrel9760 same! if he saw what what Sydney was doing he's gonna lose his fucking mind
@@BLACKAAROW Caleb would LOVE the ROTC guy.
I went to community college and came out with zero debt for my Chemistry BS. Totally worth going! Not sure you don’t get a college experience I had a lot of fun in community college and was challenged a lot in my studies.
More USC content please! Great videos!
More to come!
It was really cool to see the military people talk about mental health/mental toughness
Michael kept it 💯 it’s good to cry it out. Hope this man accomplishes great things. He definitely takes care of his mental health with that attitude and great character. 🙏🏼
I wouldn’t join military. But. The suck sucks. And I rather build a real estate career that will pay for my further education. I’d major in economics 🙏🏼
Any person who says...I'm not sure what I want to do? Then WHY are you in college wasting time and money! WOW!
It is painful to not qualify for most internships because a major requirement would be being an active student or a graduate student. And I am not any of those. 😢
I went to USC 1990-1996 for the very career-precarious major of Music Theory & Composition. For a masters degree I accrued $10k in debt. Doing lower division at a JC can help, but it may be psychologically beneficial to go straight in. Despite not earning a ton of money, college was absolutely worth it to me.
Dongze got his priorities straight
“I’ll figure it out.” Yeah, horrible plan.
The Army ROTC paid 90% of my tuition my junior year. It was a great help
This certainly sounds good too, but I think its still worth considering more reliable options like traditional businesses such as cannafarm ltd, for example.
Currently extremely thankful I’m going to Uni in Canada
You interviewed very bright students. They know what they want to do with their lives. I wish I could relate 😢
I'm british and listening to the airforce guy was amazing,every word he said was intelligent ,great videos Charlie easily translatable to the british market
So many different ways to get your education paid for through the military. ROTC,
GI bill,TA,Clep, joint service transcripts. It’s worth looking into.
It would be fun to make one for public schools like ucla to see if there are different ways to do things
We did things differently prior to 1980. Taxes funded college, and you might have to pay like $50 a semester now it's thousands. Student loans are a relatively new concept that obviously don't work.
Michael! You're not 'late to college'! Honestly think people who join later get more out of it.
Just face it. Students will not be able to pay back their loan. They can't afford it.
Sydney is who truely angers me. She is on track to piss away $160k for a degree that holds no value. Could have gone to community college for
gotta keep up with the Joneses man. ☠community college is for losers. affordable tuition? nah I’ll pass.
Or she might find a great job after graduation. She can also go into a field with loan forgiveness. There are people paying a lot more than 160k unfortunately
@@Keeks1983yup! Currently 90k in student loan debt at USC in my first year doctoral program. It's all good tho education is everything for steady job opportunities.
@@theroadless Most jobs don’t care where you went to school they care about experience and your degree you wasting extra money on a school that probably just spends it money on bs which is why your tuition is so high at a place jobs don’t care about because experience rules over everything anyways
@@Keeks1983 If its undergrad most of the loan will be parent plus - she wont be able to go for PSLF to clear it.
Just to be clear, these students either have scholarships or parents are paying for tuition. The student loan amounts shared wouldn't pay for a semester of books and meals. Tuition at USC is over 40k per semester, not including living expenses or books. Doing the military route is your best bet to not burden yourself or your parents to pay for college.
This video has so much discussion about being frugal on the order of 100s on a school that charges 70k per year. The biggest determinant of the finances outside extreme spend edge cases in a 70k school price tag will be the financial aid package
I wanted to go to USC so bad as a teen and sometimes I wish I bit that bullet. I’m 25 now and have no idea what I’m doing. Keeping on the self-improvement grind as much as I can though.
so many career paths these days my friends, you can make money doing anything, you don’t need a college degree unless you’re passionate about becoming an engineer, lawyer or doctor
@@Jayz0507 completely understand that concept now! Working on digital marketing and stepping my feet into that field without even needing college
I’m 29 had no idea what I was doing throughout my 20’s. But I’ve trusted the process and it’s finally starting to become more clear. I wish you the best of luck!
@@anhtheezyweezy thank you for the encouragement. I’m learning day by day on how to be better and figure it out as I go .
Hey I'm 26 and finally in college! I was the one talking about the military in this video, now I'm a USC student, it's never too late!
Did a year at a state school realized it wasn’t for me. I was lost and had no direction in what career I wanted to pursue so I decided to leave to avoid wasting even more money. It was the best decision I could have ever made. Currently in trade school with a guaranteed job at GM to become an industrial electrician apprentice starting at 31/hr. College is an investment and your return depends on what you invest in. Don’t invest in a useless degree unless you want to be in debt making less than the people that didn’t go to college
Did that lady say she is going to do social media😂😂
Yep,
She be one of those yelling everyone that did not make HER mistake should pay for HER mistake.
she might mean managing social media/advertising for companies, not being like a TikTok influencer
So glad I choose to go into skilled trades. No debt and close to 80k in the red and on track to retire early. College was not worth it for a majority of my peers. Still in debt and many didn't find jobs in the field they went to school for.
What you go for? There are more opportunities for men to better themselves. Not every women is fit four military especially if they are very petite. Traded in construction and electrical are all for men.
$20k for the semester can easily end up over $100k by the time she graduates if she continues at this rate. I don't know if the Sydney girl has anything lined up for the future to pay for college but if it's loans she should stop now. When you're 17, trying to get away from home, and like "i wanna major in this cuz its fun" you don't really get the impact until you graduate. The "i dont know" mindset is for people who have daddy's bank info & credit cards to pay for school, not for people who have to take out mass loans. If you don't know, take a gap year, work & save, return when you know and have some money saved up. Parents are supposed to help students choose schools that they love YES but also schools they can afford and graduate with low financial stress.
Consider signing up with the USA Public health Service. They pay a nice amount to you while in college and even grad school and in turn you pledge a certain number of years to work in the PHS. PA is an excellent field. Sophia is spot on.
Graduated from USC in 2019 and luckily got all of my tuition paid for through the schools financial aid. Only had to pay for living expenses expenses. Definitely best to either be really poor or really rich when going to usc. In the middle you’re screwed
My greatest regret. No buying at appl at 18 versus going to college. College worse investment ever.
I would have a nervous breakdown if I owed even 40 Grand back on my education. Don't get me wrong I believe in education. I'm in School myself right now but only for a trade. Having some type of degree can definitely help you make more money. There comes a point when paying back too much money for a education is just out of hand
It is scary!
Yeah I would never take out a loan for a trade school smh
We owe 400k right now
I'm a electrical contractor. We do solar and panel changes for solar. I make 500k a year. Most college graduates don't make that?
140k that ballooned to 190 cause I didn't pay for it.
Two massive ways college students can save money that will hands down be affective is putting off owning a car for as long as possible and getting rent down to as cheap as possible. Forget not eating out or forgoing a Starbucks or two. If a $7 coffee is gonna break the bank you were already in terrible. A $400 car payment, $150 car insurance, and $200 monthly gas bill on the other hand. Just hop rides, grab the occasional Uber, or walk if you can.
A good way to save money is to go to a community college first then transfer to a small state school if you can. I graduate on May 2024 and will only be about 10k I debt.
8:36 this dude gets it congrats very well spoken
The ROTC route can be a great arrangement.
I have 70K in debt after going to lawschool at USC (plus my undergrad) but it was worth it. The professors, school spirit and beautiful campus made the hard days easy.
Explain to me how not one of these kids had more than 25k in student loan debt. Must be a ton of mommy daddy $ type of students at that school.
USC has insanely good need-based financial aid
@@CharlieChang financial aid that just pays for their tuition?…
Right! It's like 80-90k a year. Even with scholarship offer of 40k (my daughters offer) we were still going to be 50k a year....
What's wrong with having mommy and daddy money paying for school? They mommy and daddy abandon you and left you with nothing?
Any student whose family makes less than $80,000 a year is supposed to get full tuition at USC.
It’s been a policy in place for the last three years.
I had an ex girlfriend who was 100k in debt, then said it was fine because she would vote for bernie and he would wipe the debt.. (this was back in 2015/2016) I have to imagine this has increased, and probably hoped biden would wipe the debt as well... morale of the story, do not rack up 100k worth of debt and expect politicians to just wave it away 😅.
you dodged a bullet, if you married her...her 100k debt will suddenly become "our" debt LOL
MY BOI BERNIE !!!!!!!!!!!!
Military is the best way to go. Most people have the wrong idea about the military, but it definitely gives you a head start.
Michael will achieve FIRE before 40 with his current mindset. ✌️
Have many friends who work in the heating and ac fields,electrical and mechanics and the lowest makes 80k a year I’ll take the on the job training to paying those huge student loan amounts any day.
Assuming Alon’s parents are paying for his full tuition which is fine obviously. I wonder why you cut it out as if it’s a bad thing?
PA at USC is not bad but you can for sure make more than 130k in LA in that career. Especially if you work for a hospital that is better paying such as Kaiser, UCLA or Cedars which are one of the top paying hospitals in Southern California 👌🏽
Try finding students who are 3rd or 4th year. That will give a better idea of real student debt.
As an non-citizen who was not eligible for student loans, it blew my mind how often Americans preferred to take out loans than take the time to apply for scholarships. Scholarships that are solely for them.
Do you know the odds of getting a scholarship ? They aren't good.
Most scholarships aren't even a lot of money. Plus, like the other guy said, the odds of getting a scholarship aren't great to begin with. One's best bet would be to work a part-time job and go to Community College (majoring in something useful like STEM) while living at home with parents, and then transferring to a state school to finish up Bachelor's. Or just have rich parents who will pay to send you to some expensive private school.
It's really hard to get scholarships even small ones like $1k-$5k are not easy to get. There are loads of requirements almost as competitive as the college admissions process itself. The best type of scholarships are the ones schools automatically give you when they accept you, not outside scholarships unless you are truly a top student in the country or have connections to the scholarship committee. Filling out - outside scholarships is like gambling, you can waste a lot of time and resources hoping you will get something. I won a $20k scholarship split $5k a year and the application process was so long and I only really got it because a family friend worked there and knew how to help me through the process and make my application stand out for the committee.
@@TheSeeker225If you really think that then honestly you have no clue.
@@edhcb9359 Please elaborate.
Im already at 90,000 student loan debt in my first year of graduate school st USC 😅 yayyy
The ROTC guy was super smart. I wish I was more like him. Basically everything he did, I did the opposite of lol
ROTC is the EASIEST way to commission as an officer, then USAFA - air force academy. Enlisted to Officer is 10x harder than civilian sector.
Student loans are so morally repugnant. These kids shouldn't be taken on this kind of debt at such a young age just to go to college. We used to fund college like a normal country prior to the 1980s so there's no excuse for this.
Also it’s even worst when they take on student loan debt, and not even know why they are there, but I understand some are forced to be there by parents unfortunately.
it takes a set of parents with some financial knowledge. Leaving your kids to find out the hard way is dangerous. They may not know what they are doing till it is too late, like having a giant loan and realized they shouldn't have done that.
As for affordability, Junior College/ local university works as well, 3k - 10k a year.
Unfortunately not all parents are financially literate or knowledgeable. It should be mandatory for all student loan borrowers to take basic financial classes on compounding interest, budgeting, and investing (401k, Roth IRA).
The cinema major taking $20K per semester might graduate with $160K in loans. Should really reconsider her choice. The ROTC dude with an engineering degree is gonna make it. Good for him!
Other than the Engineer majors. These young folks have no idea how bad they are going to be in debt by the time they graduate. Bless them....
The military guy is the smartest one and with the brightest future ahead.
I hope that girl isn’t actually borrowing 20k a semester for a film degree
This a recruiting tactic for the military?
also that soldier ! respect!!!
8:50 Sydney is just sad and frustrating, 17yrs old and taking out $20k a SEMESTER.
$7,000 a year is actually not bad at all. Anything under $30k for a four year degree I'd say is really worth it.
Isn't debt fun? Is there mandatory debt counciling before one can get a student loian?
I noticed the different degrees and student loan amounts between the genders in the majority of cases. The woman, for the most part, were going for degrees like psychology, film studies while the guys were going for engineering and architecture and the guys appeared to be better at minimizing student loan debt. Personally, I joined the USAF after high school graduation and went to a community College after discharge from the AF which qualified me for GI educational benefits for my associates degree in electronic technology at which point I got a job with tuition reimbursement for further educational opportunities. Was able to transfer my credits from community College over to a 4 year university and basically started into my 3rd year at the university eventually obtaining my BSEE and MSEE degrees without having any student loans. Working days and attending night school sucked and wasn't able to fully have the college experience but avoiding all that debt and expenses was worth it. Just saying that there are ways of avoiding the equivalent of a house mortgage coming right out of college.
Air Force cadet knows what’s up!
The ROTC guy had a lot of good advice and the girl before him they were all pretty smart.
You don't do UX Design as a data scientist
If you want to get ahead in this world, avoid debt at any cost.
Do AP exams and transfer credit and go to community college.
Me. High school dropout
62 retired laborer.
No student loans
No debt at all.
Home paid off
Tons of money in the bank.
No car
Only ride bicycles.
Travel the world
Life is good.
Don't ask college students (especially freshman) if college is worth it. What do they even know? Ask someone with a degree who's been through the job search process and has worked for a little while. And that first chick is nuts. I mean if someone offers you a million at that age to quit college YOU SHOULD TAKE IT. College is nothing special. Been there done that. $1M is an insanely high net worth for a teenager. Just park that in the stock market, go work pretty much anywhere, and retire at 35.
My daughter is at Stanford. It's closer to $100K when you factor in health insurance, transportation to and from campus for holidays, new computer, spending money, her sport expenses, etc. etc.
Good for you good luck paying your daughter loan or it is free good for you y’all privileged
@@etegrity3972 Privileged? Actually, it's more like I worked my butt off. But if you want to think it's all because of my "privilege" you're welcome to think that. That mentality won't get you far in life though.
For one semester or a year?
The ironic thing is that you're asking students that are attending a private college with an annual tuition cost of $66k. These are 18 year olds who have never worked a day in their life apart from the occasional summer job. So how do you think they are able to afford that yearly tuition im the first place ? Gee, I don't know maybe the fact that they come from wealthy families. The same way they got into USC and can pay the yearly tuitions is the same way their debt will be paid off after they graduate 😂. 1:17 and 1:32 proves everything I'm saying lol. Daddy money all day!