The Government Lied To You... Again! - Dave Ramsey Rant
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- Опубликовано: 17 июл 2023
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My student loan will be paid off in two weeks! I listened dave!
Congratulations
You're a great patriot!!
Congratulations!! Huge achievement. Go celebrate when you're done!!
@@Astro95Media I’m definitely going to!
@@michaeltewes7833 😊 thanks
such a great feeling, now to not make the same mistakes in the future 😁
There was never a plan to forgive student debt, only a plan to transfer that debt to those who do not owe it.
Only a plan to buy more votes with a scheme they were 90% sure the courts would shoot down after the election. Pure Machiavellian Democrat genius!
Ok? All companies and banks that received handouts from the government. Why not the little people.
@@BishezicespiceFANwhat don't y'all understand that the government DOES NOT GENERATE ANY REVENUE. Lol they have non of their own money to give out. Private companies atleast generate revenue and can give it back through jobs and products by continuing to be able to operate. The Gov only spends money and gives it to Ukraine. So respectfully, there is no THEM paying for student loans. Only the Tax payers. Including the people that already paid there's off on their own. The only people that should get them completely wiped are Teachers and Gov workers
@@BishezicespiceFAN Better yet, the colleges with Billion dollar endowments should eat some of this for putting out crappy degrees with poor job prospects, yea I'm talking to you women's studies majors.
@@BishezicespiceFANLittle people like VETS AND HOMELESS? WHAT ABOUT THE ELDERLY?! No let's forgive the debt of brats.
“You can tell your government official is lying to you if their mouth is moving” 😂😂😂 Dave is in his bag today!!!
Anytime you believe them, you're gonna pay a stupid tax
I saw the title of this video and that was exactly the comment I was going to make ;) (Yes, I know it's not _quite_ that bad, but boy things aren't what they were).
But DAVE, the propaganda machine told me big brother paid it already. Pure gaslighting.
@@domega7392 😂
Typical Liberal Socialist DemocRAT behavior........THEY NEVER HOLD THEMSELVES ACCOUNTABLE !!! Why the HELL do responsible taxpayers need to pay for others dope , alcohol ,and other stupid things Our society is screwed as long as people keep this irresponsible attitude
I’ll never understand why people are counting on the government to fix their life
It fix mine. But I'm one in a million
@@SamuelClemente7718 it “fix” yours? What are we talking in future tense? I’m curious what did they “fix” of yours? That 1500 a month can sure do a lot these days. That’ll cover a lot of ramen noodles if your house is paid off. Don’t drive anywhere either, that 27 in gas each week won’t take you very far
@BigMoney23223 USA is one of the best in world.
Because the government insists on interfering with every aspect of everybody's life. Some people believe it's for the good of the public. Wrong! They are interested in your money, you movements. They want to know everything about you. Not for your own good. It's about control. The noose around the neck of Americans is getting tighter and tighter. It won't be long before you can't breath without a permit
Because they are all entitled and lazy now
I saved up the amount of my loans during COVID and when they announced that relief wouldn’t happen, I paid mine right away
Truly a smart move. If i was in this position I would have followed the same strategy.
That’s what I would have done. Now we are expected to pay for the loans for people that didn’t.
@@gabe3777yup! And hell I would have even kicked the can down the road farther 🤷♂️… put the money in a high yield savings account and wait until you absolutely have to pay them because knowing the government they will find another 20 reasons they have to kick this can down the road farther and farther so might as well make some interest while you wait for it to sort itself out!
@@asynchronously And for anyone who used CARES Act money, we did pay it.
You give me hope in humanity. Responsible people still do exist.
I can understand people being dissappointed that the loan forgiveness didnt happen, but the amount of anger over having to pay back a loan that you applied for, filled out, agreed to, and signed your name to saying you would pay it back is wild 😅
Not when people faithfully making payments for years end up owing even more than they did than when they first started making the payments, due to the predatory terms.
You signed it, pay it back, is what I keep hearing from the Boomers.
However, the courts throw out contracts all the time, due to illegal and predatory terms.
The only reason it's okay in this instance, is because it's the government doing it.
I don't have a dog in the fight, but even I can see that this is a rigged game.
Especially since prior to 1986, you could discharge student loans in bankruptcy. Now, it's nearly impossible.
Why are these loans and only these loans sacred?
But, it is ultimately self-correcting. A few more years and a few more Boomers dying off, and the millennials and the zoomers will take care of this through the ballot box.
Oh no! Who will pay for it?
Maybe if we quit getting in wars that last over 20 years, and end in failure, that wouldn't be such an important question.
I would've liked to see the forgiveness, but I'll pay it back eventually anyway. I never missed a payment on any debt.
What's even worse,is the fact that the majority of those people want their debt forgiven but want to keep their degrees and credits for free.
I mean.. You currently have politicians in office that have been sworn in BECAUSE their campaign said student loans would be forgiven.
I know that a lot of young people are feeling betrayed by the institutional powers right now.
It especially sucks because the ones I know are smart kids who were born in a predatory area and didn't have adults to tell them that there was another choice but to take student loans. Being "normal" sucks.
Yet, we have BK laws that protect the rich in that EXACT way. I am a benefactor of such laws, twice. They are there to be used and take chances. Students are stupid for thinking this applies to them.
Since the loan freeze started in 2020 I kept paying on them since I was working as an “essential” employee. When the forgiveness program was announced, I kept paying on my loans because I wasn’t going to wait on the government to do anything to help me. I just payed off my loans in full at the beginning of May and I can’t help but laugh at the millions of people who weren’t paying during the freeze.
I'm an old coot and I applaud you!👏👏👏👏👏👏👏👏👏👏👏👏👏
They were siting at home, safe from COVID, collecting tax money you had to pay, and wasted it.
They lose, you win. Glad to hear stories about doing the right thing from other hard working people.
Congratulations! So exciting! And if I understand correctly, interest was paused, so you paid no interest on that amount. Awesome! 🥳🎈🎉🍾
I currently have no debt at all. No mortgage, auto loan, student loans, credit debt or personal loans. (And I just bought my first brand new car with cash in January.)
It’s just phenomenal to be entirely debt free and even be able to make a large purchase like a car) with no debt! 🥳
@@SmartPracticeSuccess Fantastic! I pay cash for my certified pre-owned cars, as well, but I have a mortgage at 2.75 percent I don’t plan to pay off early.
NOBODY will forgive Student Loans, Left or Right.. anywhere..
The government forgave my loans in January based on my public service employment. I'm one of the very few the lucky ones...
Nor will anyone left or right lower interest rates 😢
@@reemagee4828 You're not lucky. You didn't win the lottery. You performed a service and got a reward in exchange. That's a fair and reasonable arrangement.
@@tkleo2006 politicians can’t lower/higher interest rates. That is entirely on the fed.
But they’ll forgive business loans and bail them out
Best lesson I learned in life. No one is coming to save you!!
There are no free lunches.
It’s funny but sad watching these people keep falling for it for some votes
Why can’t people comprehend that the government doesn’t care about the average everyday Americans. It’s all fishing for votes
I was howling when I read about the "forgiveness" Joe was promising ... after 20-25 years of indebtedness. I was on IBR but threw every extra dollar I had at the debt for 15 months and then it was GONE. By the time I crossed the finish line, I was so far ahead on my payments that I didn't owe another one for over a decade. Saved me about $33k in interest by not waiting that long, too.
Biden’s mascot should be Lucy holding the football. He knew the way they were trying to forgive the student loans was going to get struck down in court, it was actually designed that way. He promised something then took it away at the last minute.
The dangerous thing is we’re all affected by the election outcomes.
@@Bbq-Master It was always say IMO but yes at this point, also, it is sad.
When my wife and I were young, we locked down for YEARS and focused on paying off our student loans as quickly as possible. We did without a lot, but man, did it feel good when that last check was mailed and the debt gone.
Imagine if the Biden forgiveness had actually happened. How regretful would you have felt?
It's easy in hindsight, everything is.
College is the biggest scam ever
@@Spam-ze4zrCan't speak for shepdog, but I'd have no regrets because defaulting (with the help of the government) on the loan would eat away at my soul. Actually, I payed my way through undergrad and grad school. I worked, studied and slept. Sometimes I had to take some time off to save up, but I graduated twice debt-free. It was hard, but wow, did I grow up. I had friends in school with me that has a cavalier attitude towards school, learning and tuition because they had borrowed and couldn't see past Friday's frat party.
1:30 Spending the money they thought would be forgiven is called “counting your chickens before they’re hatched”. This lesson is supposed be learned during childhood.
Agree, but even worse. It's counting your neighbor's chickens before they are hatched and expecting them to be yours.
Funny part is people said they couldn't afford the student loans, but they had the money to blow on stupid crap when they thought they got a free pass
Did you hear what the money they thought they were getting was spent on? I was rooting for these people to get some relief, I was obviously a sucker. Unbelievable. Our tax-money would've bailed these individuals out and that would've been the thanks we got.
@@DC-rd6oq agreed 💯 but I’d go even more worse .. it’s counting my chickens before they hatch, under the assumption that the government can give you the right to take some of them - thankfully SCOTUS said the government can’t .
@@dpdip You were incredibly uninformed. Students spend loan money on beer, sporting event and concert tickets, cute outfits, manicures, dinners out, new cars, and spring break at Cancun resorts à la Girls Gone Wild while in college. Didn’t you know that?
Thankfully, my student loans we're forgive after 13 years of public service at a hospital
They are wrong about the PSLF...it is forgiven in 10 years. 25 years are for those who pay with the IDP. I wish they would get the right information before ranting. I like Jade, but she's starting to become a slight bit extra for no reason.
All they have to do is google. They are literally lying about this and causing confusion to perpetuate political tensions.
Idk why he slams the PSLF program. It also incentivizes people to serve title 1 underserved schools. I know quite a few people who have qualified under this and have been forgiven.
I’m glad the Supreme Court made that decision because if I was left stuck with helping to pay this $10,000 and then later find out that they were spending it on vacations and retail therapy I would be so enraged. Let them learned a hard lesson.
That’s exactly what they would do!
It's cute you think you don't already pay for it.
@@abark it’s cute that you think you said something 😉
@@lionessrising you're right. You're probably unemployed and don't pay taxes.
People are so selfish nowadays and then when it is open everyone on the other side of the fence hop on the bandwagon 😂😂😂
Student Loan Forgiveness is a scam!!!
Most certainly. Was used to buy votes
"Sell so much stuff the kids think theyre next" 😅😂
They had 3 YEARS to pay whatever amount they wanted each month Interest Free! I pray they now have the wisdom needed to make the right choices going forward! 🙏
We paid my wifes student loans off when they had 0% interest. Im so glad we are done with them! I am shocked people asked for the loans back and spent it!
I can vividly recall someone calling Dave and Ken one day (probably two years ago) and saying she wanted to take out a $10,000 student loan and have it forgiven just to have some free cash in her pocket. She even admitted to not needing it. And to think we would've been on the hook for her greed had Joe's proposal gone through. Needless to say, Ken and Dave were both shocked at her horrible idea.
Good for you! Not shocked about the other people
@@Astro95MediaThat's totally a scam. People should face legal consequences for stuff like that.
(Granted, in her case it didn't work out. But student loans still have a rather low interest rate, so she's still taking advantage of the system in a sense anyway.)
Politicians don’t have to make good on their promises they just have to say whatever they think the voter needs to hear. Love the cavalry analogy uncle Dave 👍🏼
Whether you agree with the policy or not I don’t understand how people blame Biden. “They lied again”…Biden issued an executive order and SCOTUS shot it down. I don’t see how that makes Biden a liar.
I told Trump lawyer to take Domion machine switch the names and see who won
Domino grap all of them and doj went ape
It was standard practice to switch vote in pa in 90s
Then fbi dressed Trump supports on Jan 6 to smear his name
And people believe they tell the truth.
Lived 15 miles from DC you didn't date anyone cause lobbyist gave everyone call girls
I was going take job at military contractor but there equipment caught Clinton and Gore in lie
What they did was made detune equipment and gave it to Phoenix and added more contracts,
Thats how dc is run
@@alinatamashevich3354 yep Satan thing he right all time however only joy he get see humans suffer
Why would someone trust a corrupt system
Because they are gullible
we get exactly the type of government we vote for.
@@jamespalmer7247Biden was selected, not elected. 81 million votes myass.
It must suck to have student loan debt. I worked 40-50 hours a week when doing undergrad, lucky to have loving parents who let me live at home for free as long as I worked, did my gen ed classes (first two years) at community college and finished down the road at a in-state university.
While the parental part differs by situation, community college, cheaper in state universities and work are still available to all. Didn't owe a penny to anyone for college. Ever.
A friend of mine has a daughter starting college. We got talking about tuition etc (I'm blue collar, no idea how any of it works) Long story short, about 35K/year. Then he tells me its about 13,500/year if she lives off campus. So roughly 22K/year is for room and board!
No wonder these fools are in trouble! The education is fairly reasonable (at least in this case...if you went for even 5 years at 13k/year that's 65k.... basically a car payment) but when you add the room and board...shit get real!
I worked part time and had scholarships as well as financial aid. Still had student loan debt that was just under the average at the time.
It's all about individual choices. I paid myself and took out loans. But the ROI has been worth it. Certain majors are also not worth any tuition.
I just looked up the university I went to for two years because I was curious. When I went there it was about $8,000/year if memory serves me right. Now an in-state commuter pays $13,292 between tuition and fees. Definitely an increase, definitely not impossible to do debt free. That's not including any merit based or need based aid.
@@punkbassandcovers That's in line with what I was told. Pretty crazy the racket they run. When I heard the 13k number I thought that wasn't *tooo* bad all things being equal... but the room and board.... holy crap.
As P.T. Barnum used to say there's a sucker born every minute. Too bad some people stay that way and continue to trust politicians.
The suckers are called trump supporters
Dave, I’ve got to tell you that what you just said is wrong. The PSLF take rate you keep quoting is very old(2017). I have no idea what you are talking about when you said they extended the forgiveness from 10 to 25 years. I’d love to talk to someone in your organization to get you guys up to speed so you can stop giving out incorrect information. I work for a student loan regulatory agency.
100% correct. Dave and this community do not want to believe Biden administration was able to improve the lives of public servants. I know four people who had loans forgiven since April, and one of them is my wife. Biden has done a lot wrong, but he should be credited for improving on Bush Jrs PSLF
Those people who ran up their debt specifically because they thought that it would placed on the backs of others are thieves who deserve far worse than what they now face. They have zero character.
Paid off student loan in May. Don't wait on these people.
I know no one cares about my individual circumstance but I graduated right as the pause started. I squirreled away everything I could and now after 2+ years of 0 interest I am ready to pay off my student loans in full as the payments begin to resume. I won't be paying a single penny of interest on my education loans. 3 years of 0 interest should have been a blessing to so many people, but a lot went ahead and squandered their money and they have nothing to show for it. sad.
Good for you! Some people care.
Smart move! I should have no student loans in 4 months, hope to join you!
Wise move, basically able to put more towards your loan effectively because that interest didn't accrue- moving fast probably saved you a couple grand and as they say- a penny saved is a penny earned
I graduated in 2021 and about right at Christmas time, I’ll have all my student loans DONE. Merry Christmas and Happy New Year to me!! I’m fighting like mad for that Christmas gift to myself.
That's great man- only reason I comment is because I aim to do the same once I'm through my degree. Took psychology, and may end up not actually using that discipline professionally... Well I guess sales does use psych so it's not a complete loss. Measure twice and cut once in terms of your education and student loans, need a gap year to bat the idea around and make some money? Go do that instead of jumping right in- wish I did.
After one year of saving since I've been out of school. I saved 6.8k to throw at my 24k student loans. My goal is to have it paid off in the next 2/3 years. Keep up the work
Jade "Alcohol, Drugs, and Gambling!? .... Unbelievable...."
Dave "Ah, it's very believable."
Nothing surprises him anymore. 😆
Just the kind of people who should have college degrees. Heaven help us.
@@genxx2724 I'll take those people over people that believe angels are real any day of the week and twice on Sunday.
This is how a guy who brings cocaine into the White House gets elected.
@@davidteovogel3482 He needs the cocaine to stay awake. If you've ever tried cocaine, you'd know it doesn't really have the drug effects people think it does. It's like drinking 5 red bulls, you're awake and aware. Can't think of a better item for Biden to use.
@@genxx2724 I know both kinds. Those who deserve a college degree, usually work their butts off to get it and either not take a loan out or pay it off as soon as they can.
Makes me so glad I forgave my student loans the old fashioned way. Worked hard and paid them off myself.
It makes me glad that you did not get ripped off by lying political hacks who wanted you to cover the bills of someone who spent their loan money getting high and going on vacation. Thanks for doing things the right way.
That's what I'm talking about!!
dave so calm after vacation, love it
I hate school. Didn’t graduate college, only went for a year. But with hard work I’ve been able to be self-employed, so much that my wife and I have had our fun experiences, even flown business class✈️. It’s awesome to know that you can spend your money on you and not giving it to lenders.
Not everyone needs a college degree.
Joe Biden and his buddies are not your friend, Dave Ramsey is!!
Government: haha, got your vote, you fell for it.
it makes me so happy that the losers who tried to game the system go screwed.
Alcohol, drugs, and gambling! Sounds like one heck of a Friday night.
yup
I wish Dave would actually speak to ppl who have gotten Student loan forgiveness the last year through PSLF. I work for a government agency and so manyyyy got their student loans forgiven under this program due to the changes and waivers made under the Biden administration to the payment plans and payment counts. PSLF will remain a 10 year program and the automatic forgiveness occurring right now are for people for have 240-300 (20-25 years) payments towards their students loans. So you guys can continue to listen to Dave’s misinformation or actually speak to ppl who have gotten forgiveness under this administration.
The truth doesn’t fit his narrative. I work for a nonprofit and received forgiveness. Several of my colleagues did as well . Biden fixed the program.
I agree. It is the most annoying thing to hear the misinformation about PSLF. Most people are denied because they simply aren’t employed by an eligible employer. I personally know several people whose loans have been forgiven…mine will be next year
Exactly thank you. I too work for one of the agencies and I've worked my supervisor through the whole process and she's gotten a refund and forgiveness.
If you have 20 year old student loans, you deserve to be broke. The whole thing with PSLF is that the stipulations and regulations around it can change. Why include that uncertainty in your life?
Additionally, working for an employer in the public sector will unfortunately not pay you well, vs private sector. Why hinder your income potential for 10 years like that?
@@MD-pz3cn for me and where I'm at public sector is better than private. Did most of my time in my 20s when the salary was lower will be forgiven early 30s and on a career path that will pay me if not double than close to double what I make just by sitting in one position. For some of us it's working out as it should.
People that think the government is going to save them infuriate me!! I am so over the crap going on in this country.
I started at a community college (early 2010’s) because I could pay out-of-pocket while working. It was hard because all my friends were going to bigger school, but I got my 2 year degree. Worked for years. Now I’m going back to the college grind with my employer paying some of my tuition, and paying the rest out-of-pocket. I’m excited to get my Bachelor’s degree within the next few months-without taking out any loans. ❤ Love the show.
why was it hard that ur friends were going to a bigger school?
Hi I am from the government n I am here too help- Ronald Regan
Ronald Reagan didn't say he was here to help. He said when the government tells you that it isn't to help it is a lie and you are a left winger lying but others know you only recited the part that you want to look like a lie.
Who was ridiculous enough to believe the government? 😂 I've got too many trust issues... 😒
With the SCOTUS being corrupt... who the hell knows what the future has.
Most borrowers sadly
Dave says that hardly anyone received the Public Service Loan Forgiveness (PSLF). I did just a few months ago. So, the promise that was made was fulfilled. What Dave isn't telling you is why so many people in the PSLF program were denied. It isnt because the politicians are "lying" as Dave seems to think. It is because the people being denied didn't follow the rules. In order to qualify for forgiveness, you need to certify your employment, make 120 qualifying payments, AND you must be in a qualifying repayment plan with qualifying loan types. Most people didn't realize that their FFELP loans and Parent Plus Loans dont count. They must be federal direct loans.
In this situation, your trust issues are a good thing 😂
Probably all the people who got PPP loan forgiveness.
Public Service Loan Forgiveness is still 10 years, not 25. Income Driven Repayment loans are forgiven after 20. But of course Dave will never admit he misspoke.
Ty
yes
Big deal. It’s not like we came here to learn about the different types of student loan forgiveness plans. They mixed it up, and anyone that knows the different student loan forgiveness plans, as it would only matter to them, already know how the plans work.
@@jesse_- he didn’t just “mix it up”. He gives millions of people financial advice on national television that could cost them thousands of dollars. The least he could do is give *accurate* information and not let his politics get in the way.
No one is going to forgive YOUR loans! They are YOUR loans YOU pay them!
Unless you are Dave Ramsey and you declare bankruptcy
@@siva47931well that was secured debt… something of value lenders could retrieve. Right or wrong.
@@siva47931 Student loans are forever until paid off, bankruptcy doesn't help. Also DR didn't expect the TAX PAYERS to pay his debt off, big difference there!!
@@TrevForPresidentWell he still owed more than they were worth
@@bettysmith4527Who did he expect to pay it off? Someone was left holding the bag.
It is much easier to fool someone than to convince someone that they have been fooled- Mark Twain.
Wow
Paid off my student loans during the pause, zero percent for three years was a gift. To bad one percent chose to pay.
How can the government “forgive” student loan debt when the money was never borrowed from them to begin with? It was borrowed from we the taxpayers.
When has the government ever told the truth
The nine most terrifying words in the English language are: I'm from the Government, and I'm here to help.
I agree with DAVE about if you do have student loans... paying if off faster will be the best for you. I know of many people who have paid their loans early and who have paid the min balance each month.
I saved my student loan balance during the covid pause and now i’m paying it 100% off next month right before the first payment is due. This should be another big lesson for those that think that the government is your friend.
Dave helped me get completely out of debt back in 2009 (except for the mortgage). The wife wanted to go back in debt and the divorce was finalized in 2011. Hard, but she had other ideas. For her debt was how you "had things". I tried and tried tell her debt was how "things have you". Terrible time in my life.
1st mistake was trusting the government 😂
First mistake was being an irresponsible moron.
We clawed our way out of student loans. Sometimes the extra was less than $10, but we threw ourselves at it, and are FREEEEE!
$2300 debt paid off in full.
$5000 student loans left
Not going to college was the best decision I ever made! 💰
A Salt Lake Community College advisor told my 18 year old daughter to borrow 10k in student loans because it was going to be forgiven. Yea right I told him. My daughter paid cash for school and never borrowed money.
Thanks for sharing this story. It's sad when idiots work in education and give bad advice to young people who are invested in the school that is screwing them.
Says alot about college ... rather get a trade. Those fields under resourced
Yup, your daughter is very fortunate that there is some wealth to pay college cash.
College education has some glaring scam elements. Way too expensive is one element, furthermore, we have a friend who is a tax attorney that lives in California. One time when we were visiting her I asked where she went to college. She replied, "I didn't attend college". She told me, she was highly motivated to become an attorney, studied on her own, and passed the bar exam.
i kno a guy who was highly motivated to become a pilot but didn't go to flight school and became a pilot
I never stopped. Worked the entire time as an RN.
Glad I went to a small, in-state, public school and got an in-demand education. Paid off my loans in less than two years and now I only have my 2.625% mortgage and over $1.5M in my retirement accounts.
I paid a lot for school and made a lot in life. What you put in is what you get out. Currently retired at 54 with about 4 million in wealth and a time line of 6 million when I turn 65.
I am following the two of you. I currently have a net worth of over $3 million and have 17 more years to work. I am saving as much as I can now. I am behind a lot of my peers who are now retiring early. I wish that I would have saved more at an early age instead of wasting money.
Glad I went to a small, in-state, public school and got an in-demand education for Free.
The Small University is a #1 school>> Highest median starting salary from a public institution in the USA.
Retired young on a 20-year pension with Free lifetime family healthcare.
You were lucky and hit the housing market at a good time. As for your choice of college and job... well that was a great decision on your part! Good job on that good job (lol).
Those folks had a ZERO percent loan for 3 years. What a DREAM that would be for my mortgage!!
How easy it is to make people believe a lie, and hard it is to undo that work again! - Mark Twain
These people got their fee ride. Three years of interest free loans and multiple stimi checks you wasted on things other than your loans. You deserve, no earned, what is coming.
They are lying to you if they’re mouth is moving. Pure truth!
I agree with 90% of Dave’s opinions and beliefs. But most of all I LOVE his stance on the Government haha
Didn't know that
I completed paying off my student loan 2 weeks before the big announcement of Student Loan Forgiveness , I was contacted and informed I could have money refunded I hung the phone up and just shook my head.
Save all documents for that paid off loan. The government will absolutely screw you on this.
@justincran3761 You are so correct after the pay off I logged into the account and the Balance stead 99 cent , of course I got on the phone and demanded a letter stating the loan was paid in full. Also connect with the Department of Education and I have documents for a pay off for that Oh I demanded the balance show ZERO balance.
Jade, thanks for being part of The Ramsey Show.
A beautiful word here is "DEFAULT"!!
Remember the callers that were asking Dave if they should take 10k student loans and ask for student loan forgiveness.
Lack of integrity is kicking them in the rear now
Forgiving Student loan debt is just enabling bad financial behavior. As described here with people spending money that they didn't have (counting on debt forgiveness that hadn't happened yet.) This shows that they hadn't learned anything at all.
I don’t disagree with you. But what about bailing out large companies with your tax money? Is that not okay too, then?
@@benyamindavid8822a corporate entity is different than an individual. Thus having different financial responsibilities.
@@MicheleNichols2I don’t think this is the issue. College prices have gone way up but also wages have not. If wages kept up with the pace then this wouldn’t be an issue. Plus Dave has a lot to say and he filed bankruptcy. Who does he think paid his bills when he couldn’t? They won’t even allow student loans to even be considered in bankruptcy. The government tricks children with the thought and dreams of making it and said college was the only way. It’s ridiculous.
You know the best part of all these student loans and high interests rates currently? Not having to deal with them and paying cash for everything. Been debt free (minus house) for the past two years and its been life changing. Investing 30+ % of my income (six figures) never married, no kids nearing half a million net worth in my early 30's all because I listened to Dave!
Awesome. Wish I had figured it out sooner. I'm turning 40 this year. Wife and a 13 year old.
We have $18k debt left to pay off.
I earned my way up to six figures.
Cash flowed my wife's nursing school. She just graduated with her M.S. RN. She got a 6 figure job.
And scholarship to cover her first year of N.P. school while she is working.
We've still been putting away $30k a year in retirement leveraging employer matches.
We have $230k in retirement.
Once the last $18k is paid off in a couple months we will be able to invest $150k a year.
After living so many years without any extra disposable income. The numbers look unreal when you project them forward.
Here's too hoping things keep going good.
@@getinthespace7715 That's awesome! You are going to be steam piling those investments!!!
@@Travis12861 Haha I'll probably be in the same position as come your age! Don't forget a prenup!
My loans are 3.5% and I make 5.3% on CDs
@@Travis12861she’ll get half tho if you divorce
People spending money they think they're getting back before they get it back is stupidity.
No sympathy.
"Dumb will make you broke - this is the Ramsey show"! - mic drop!🎤🎤🎤
It got shot down. It was something that he tried to get done. That does not equal lying.
I don't have a dog in this fight because I have no student loans and I hate politics. The political climate in this country is a disaster.
That was me repaying for a lifetime right before social security. Dave is telling the TRUTH y’all.
Thank you Dave ! Please talk to your listeners regarding WHO to vote FOR as President to get some integrity back in OUR Dear Country !! You have a HUGE influence with people !!
If you want to further your education you need to pay the cost yourself. Your not owed anything the taxpayers are not your genie in a bottle.
Welcome back, Dave!! We’ve missed you! 😊
Well I received forgiveness of $109,000 in student loans in March of 2023. I qualified for PSLF because I work a government job and made the 120 qualifying payments. I thank President Bush for signing off for this program in 2007 for those willing to go into public service.
Genuinely curious, how much was the initial balance/principal and how much did you pay in total for all your payments over those 10 years?
I'm curious how much of a lower salary you took during those 10 years to qualify for loan forgiveness. If your salary was $11,000 or lower than what a private employer would have paid, then you lost more income than you received in loan forgiveness. In addition to losing chances for things like stock options, career advancement, annual bonuses, etc.
@sidwhiting665 but 11,000 would not be actual 11,000 in money he gets. It be more like 6k to 7k hitting his account. Since he would get taxes, healthcare ,retirement, and other things deducted.
@@sidwhiting665 this is why Bush and Congress enacted this program. Because there was a shortage of those willing to sacrifice and go into public service. Sometimes isn’t not about the money or status. But for those of us who go into public service it’s about giving back and trying to make a difference for your community and country.
9:21 Dave loves the word “dumb.” 😂
My ex husband paid his student loans for 20 years. He refused to buckle down with me. It was like indentured servitude. I hated it. Listen to Dave!
I thought the Govt. was always out for our well being. They wouldn't lie, right?
Govt is for the well being of corporations.
😳😳😳
I still hear some of my coworkers and friends still saying they will have their loans forgiven once they graduate 😭😭😭
I refunded 10k of my student loans and put it in a CD making 5% interest the last year. I will just pay it back in October and pocket that interest gain.
@@Travis12861 just about the same as you can retire on 0% gain.
We'll be surprised when they don't lie to us.
Feels good to be debt free! 🎉
After my wife was declined several times for the repayment forgiveness for teachers. We just paid off the debt as we have no trust in the goverment to solve problems or keep promises.
You think 😂
Exactly why i paid mine off the end of 2020. I didnt have time to hope and wait. I just paid it off to be done with it....forever thankful of DR 💕
People will believe anything when it comes to free money
if you have discipline, the income based repayment plan isn't a bad idea (same idea as getting a 30 year mortgage and paying it off in less than 15, but paying the smaller payments if times get tough). Our student loan payment was always $0 and our interest was deferred over and over again. We used that to our advantage and PAID IT OFF. Total was $27k, and only $700 of that was interest. Graduated in 2010, but attacked it for real in 2016 and killed it dead. (Bought our house in 2012, loan on a 30 year, paid it off in 2019.) Just gotta be smart and disciplined and you'll win with money.
Great job! Congratulations.
Got to be careful, because a lot of people who defer their loans still accumulate interest. Many people end up with bigger loan totals by income based deferment.
@@TShirtAndReeboks yes, hopefully my message came across clearly that if you use IBR to your advantage, you can pay it off FAST. But you can also rely on those smaller payments during emergency times if necessary.
Mine was similar I graduated 2009 and finally paid off in 2015. I had IBR plan also and the high balance was about $21k but whats crazy is i would make these $500 payments and my minimum was $90 and they would just apply them as if I made 5 months of minimum payments. I had to literally call on a seemingly weekly basis and wait on hold for hours to get the payments applied properly. Also had a 6.75% interest that I couldn't get refinanced because the amount was too small and they were all federal when the real rate upon graduation was about 2.75%. Multiple friends of mine were able to refinance sub 3%.
I have paid off two cars and the payment process is far easier and straight forward. I have 60 months of paying X amount each month and its done. Student loans were a nightmare.
@@jamisonmunn9215 I agree, paying on student loans can be such a hassle. We had some headaches like yours. But it's worth it to get it over with. Congrats on getting it taken care of! What a relief.
My friend was going to believe the forgiveness program ....until I told him not to believe it and work as much over time and save......while his new grad friends were buying new cars, I told my friend not to......now September is coming where everyone has to start making payment to their school loans .... And my friend is $25k free of debt , he paid it off.....😂😂😂😂😂 He paid no interest the hole thing was straight principal 😂😂😂😂😂 beating the system that was created to keep you in debt 😂😂😂😂😂
Why not do these 2 things;
1) mandate student loans to be better explained and not offered for stupid degrees. Loan seakers should not be permitted to take a loan for a bad investment.
2) force colleges to tell people how much in demand each degree is. And should a graduate not be able to get a job within a certain number of years, then they can get a refund for it but are not permitted to ever claim having that degree.
For years, I've heard people say something like " Fff it, I'll let the govt pay for it.. well, good luck with that!!!!!
Dave and his organization are saints. They’re trying to help people that won’t help themselves!
Watching from across the pond in U.K. and just gobsmacked that these rebates were greenlit and given on federal backed loans. I also can see that being able to mix and match federal and private loans (and not even be legally compelled to put them toward educational tuition or needs) once federal funding is exhausted due to the eye-watering cost of some degrees stateside is a recipe for long term disaster. And it’s coming home to roost and I know Dave you’ve been bemoaning this for a long time.
How and where is this being funded from? Where is the budget trade-off? Does Sleepy Joe even know?!? It’s his executive order!
Joe Biden doesn't even know what day it is. The fact that they still let him be up there is elder abuse.
Across the pond😂
The reason those rebates were sent out to to snare the people to continue to be in debt longer. The interest collected on student loan debt is over $90 billion a year. It’s insane and completely designed to exploit the debtors
It's not funded, that was part of the problem, it was going to add another $300 billion to our debt 🤦
@@shanep2760 insanity! We do some pretty insane things fiscally over here too, and always look to the States as a guider because usually, it’s GDP is so large it can afford to service it’s debts, but it’s definitely becoming an insurmountable mountain now.. and this whole forgiveness charade is crazy. Don’t know what’s going on in the West at the moment.. strange times indeed
Paid them off yesterday; i was paying 500 a month while the interest was 0 and when the announcement came out in october that biden was going to cancel them. I waited, putting the 500 in savings until sotus made the decision.
It's just about all they're capable of unfortunately.
Glad i paid all mine in 2018, took me 12yrs tho.😢
That’s great though!! By you paying off your student loans, it just shows that u are a responsible person!! I mean, if u asked for the loan, u should be the one paying it back, right?? I don’t understand why these people want handouts, or they want the government to fix their life🤣
Ditto, took me 9 years, but I did it and I would never dream of expecting the tax payers to do it for me!!
It doesn't matter how long it took you to pay it off. You did it without the government. You were disciplined and had an end goal to pay it off. Congrats to you.
They were praying for student loans to start back again so they could brag.
It's a good life lesson.. for the younger generation.. No one is there to save you.
People don't care what they owe and as long as the government keeps holding out a lifeline, they will hold on to it and not pay their obligations!