If Student Loans Were Honest - Honest Ads (College Debt)
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- čas přidán 20. 08. 2017
- College is going to be one of the biggest investments of your life, which is why you should just trust what the student loan companies tell you without even thinking twice about how much you could be screwed after school has ended.
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“Scamming kids into debt for the next 20-50 years is what we specialize in”
- Every modern day US college
Simz Zxy I disagree. Intelligent people can be scammed if they don’t have the proper information on matters or are misguided. Many doctors have 60k in loans, and they’re medical professionals. To say one is mentally stupid for being scammed is ignorant.
If you cant repay the debt then dont fucking take it in the first place dumbass
That's what America has become, a business. No one cares about each other anymore.🤦
@Ricardo Santos iiiiiiii
@Ricardo Santos uuuui
Student Loans: I'm gonna end this person's whole career.
Student: You mean start? 😰
Student Loans:"did i stutter? "
Student loan: *uno reverse*
Student: oooh
Student Loans: yea, that
Yeah I agree if you would've said "man" I would've been triggered
Still a stupid meme
“When your parents went to college, they could pay for it with a Summer job”. Holy sh*t, that’s exactly what I was able to do back in 1990. I graduated with ZERO student loans.
Yep and its been f'd now thanks to things like government assistant. Glad im in the union trades and my schooling is "free" (paid for with dues but its inexpensive on an individual level)
It's what I did in 2010. Also zero student loans. Turns out if you really want to you can graduate w/o student loans. Just takes gratification delay, good planning, and hard work.
@@nooneimportant2787 exactly right, something some people just don’t get or are willing to not do, hard work and delay in gratification. 👍🏻
I was planning on doing the same but my parents ended up paying college for me because they wanted me to be able to spend my own earned money on other things. I ain't complaining.
@@BlazingDarkness neither would I. Enjoy.
I love how colleges let us kids make an important step into debt when the school system you come out of doesn't even prepare you for budgeting your bills.
At least the last part is true everywhere tho. We don't have tuition and your student debt (for living expanses, not tuition) is kept at 10k, it can't go above it.
But we didn't learn any basic life skill beside maths (which you could basically ignore after 7th grade for most walks of life) in our entire 13 years.
I do know some basic biology stuff that was already outdated when I learned it, to what would probably amount to watching 3 decently made youtube videos about those topics.
Maybe 5 youtube videos worth of history. 1 youtube video worth of geopolitical topics, half a season's worth of watching an english TV show in English.
Enough latin to sometimes get some trivia knowledge sprinkled in when reading latin animal names on wikipedia, but not enough to half-way accurately translate an entire sentence from classical latin.
I've learned how to write essays on books I've never read in german literature.
How to fake my mothers signature to get out of PE class.
I unironically think this is it. This was my 13 years of school.
@@lunakoala5053 hahaha
The internet has so much information to give
they teach you how to make alot of money but no clue how to manage it....
Thank your crappy parents for that. They should be the ones teaching you.
@@workingshlub8861they teach how to make a lot of money? Really? HAHAHAHA
1.2 trillion $ 😂😂😂
it's 1.6 trillion now - January 2020
That’s just the US?!
I just paid my $115 worth of applications! My wallet js all warmed up for that now!.....hooray....
@@ageamiu8923 US is a whole i guess cuz other civilized countries have free education lmao
HOLY MLG
@@wojtekpolska1013 There's no free lunch.
The best advice EVER for a college freshman:
*chuckling: "You don't know anything about anything."
Nah
fair.
스테파니 Stephanie 조셉 no
only fools go to college i did not go i have everything i own paid off no morgage no car payment no nothing i'm 44
new mobile smart
I didn't go to college and everyone told me how big of a mistake I was making. People truly told me that I wasn't going to amount to anything and I was terrified. Not going to college wasn't even an option that my high school even prepared us for. Now I'm 45 years old, debt free and making more than most of my friends who did go to college. In hindsight, it was the best decision I ever made and all I had to do was ignore all the Roger Hortons who were trying to scare the shit out of me.
I'm 38, I went to a 3 year technical college and then a BA in IT (took me 5 years) - paid off before I even graduated. How? Worked in the field, didn't spend my loan on a new car or some other dumb shit, focused on school and worked hard. THAT'S what's missing these days - parental preparation about finances and the willingness to work for something. I know one, maybe two examples of people who did not go to post secondary that live comfortably. The rest did go, but were not snowflakes who spent their time protesting bullshit things that will never come to pass and instead focused their limited time and resources on an end goal that was attainable if they (gasp) worked for it.
Whether you go or don't go to post secondary, the seeds of financial independence must be planted at a young age. That and an entrepreneurial spirit helps out.
Entitlement is the new lazy, and as a worker for a University (not academia), I've seen this get worse and worse among the students over the decades.
@@the_kombinator Working for personal success? Get outta here!
Do you make good money?
@@lunakoala5053 LOL who's other success would I work for? I'm not rich, the less time I have the more work I have, seems to be that way. It's OK, I'm not complaining, others have it worse. No ragrets.
@@the_kombinator that's not what I meant. It was a joke. "Wow somebody is actually willing to work for his success" might have been phrased a bit better.
Imagine living in a country that DOESNT set kids up for failure
"You don't know anything about anything."
That is some real truth.
basically everyone going into and currently in college
And yet boomers voted trump into office 🤦♂️
Ok... I am breathing right now yay I know something
Slippery Sauce This was happening way before Trump.
You really do need to learn, it’s a boomer telling you the story, boomers are trying to tell you not to fall into the trap they fell into.
After all, you don’t know anything about anything.
@@Catboy. Ok zoomer
This would be funny if it weren't completely true.
So, is it funny?
@@derayend6939 no
It is funny, the joke is on us
@@purelovexist Sad but true
As a European this channel is quite enjoyable.
My son spent a year after high school working a full-time job and saving almost every penny. He's going to start college in a month, and it's all paid for with a Pell grant, a small scholarship, and the money he saved up. He won't have to take out any student loans. I'm very proud of him and very relieved he won't have that debt hanging over his head when he graduates. He'll be able to get an engineering job with a clean slate.
I doubt a year of full time off a high school diploma and government grants will cover everything for 4 years depending on the school.
@@negativeiq6718 It is. The government grant covers everything.
I don't know much about life in the US but an engineering job after one year of studies makes me suspicious. I would rather think of 4-5 years as a minimum therefore requiring a loan.
@@dapred00 It isn't one year of studies. It's two years for an Associate's Degree and four years for a Bachelor's.
That must have been in the 80s. I'd love to know how someone could work at save 40,000 to 80,000 to get an engineering degree with only a high school diploma.
This is why I'm at community. My dream school wanted 40k per semester. He has really good points. Honestly, community isn't bad like people say it is. It is beneficial to you. It's two years free. Community might not be as big as a four-year university, but it doesn't mean it should be looked down upon. With this route, you can graduate with little to no debt.
Genuinely asking: why don’t you (young americans) come to europe for college? The UK is pretty expensive for overseas students (around 25k per year) and Germany, for example, has very good universities but undergraduate courses are mostly in german (although in some prestigious private universities there are courses in English as well - around 9000€ per year), but other countries, like the Netherlands, have very respected universities (among the top 50), with very low tuition fees, and it’s very easy to fund courses in English... I’m just saying this because, as a European, it’s very common to hear my colleagues talk about wanting to go to college in the USA and of course they are driven by the reputation of the universities, but the cost is a huge problem and a lot of us wanting to study abroad simply go to another EU country...
@@sophiablass3379 ngl Sophia, that be awesome. I’ve always wanted to go to the UK in general and it would be awesome to do some abroad classes, I just don’t have the money.
@@stevenbutcher4565 but it still will be cheaper than studying in a US college
@@pasdpasse439 im not doubting that
@@sophiablass3379 honestly I don’t think enough students are encouraged to explore other countries education systems as an option. Unfortunately also many professional fields in america require an accredited degree if you want to become licensed in your career, and these degrees are only offered at select American colleges
This is just Adam ruins everything but more depressing
You mean that guy who's usually wrong? I wouldn't put much stock in him if I were you.
About what was Adam wrong then?!
I've not seen the specific video, but he is wrong about everything I've ever heard him say, so why would this be different?
This isn't Adam, this is Roger. And I just wanted to know about what Adam was wrong.
Adam's usually pretty on-point and shows his sources
I wish they showed these videos on National Television just to wake up people before making extreme serious life changing decisions
Spread the word through word of mouth or the Internet. CZcams is a great place to start!
I am.
Thankfully "national television" is losing its captive audience by the hour. CZcams is stealing its lunch!
@@macioluko9484
Yup, I haven't had cable and stopped watching the news since, I think, since 1996.
everybody marks current young generation as "google generation" in my country...after few years of teaching on university I call bullshit on that...why national television, all you need is google yet the only thing young poeple can google up are celebrities and where to buy new xpensive clothing...stop blaming the government when everything you can possibly know about a subject like this is online
@@MrSherhi its because of both buddy. Stop blinding yourself because you're old
“Did the man who invented college, go to college?” - Hopsin
This is so depressing and proves a corrupt system
Ahh yes life where you creat your own hell without even knowing it
"when they were in college, they could pay for it with a summer job" 😂😂😂
Lol, it was literally 200 a semester.
According to my father this is true, he used to pay his tuition from working at a gas station back in the 70’s no joke
Wolf wooow! That's crazy!
True
Aprox how much u pay for a semester in a decent college in usa, i currently study in a public college in mexico with "good rep" but it's nasty af, i want to go into a exchange but i heard college tuition were super expensive
Every high school graduate needs to watch this before going to college
Problem is all highschoolers think they're special and have delusions that in college they'llactually try this time and make something huge of themselves. Teenage future dreams will always be preyed on.
Every high school graduate needs to watch this before deciding to major in gender studies.
hey idiot, if u wanna be a hs dropout then that's ur problem
im in highschool is this legit?
@@skide6720 Do not apply to ANY college or university without extensive research and planning.
Please do yourself a favor and not follow in the footsteps of morons who got expensive worthless degrees.
We’ve known this about student loan debt for at least 20 years. An entire generation… and yet students and their families continue to fall for this trap.
People are idiots
@@qwertyuioppoiqwe Some of us do not have a choice.. I want to be a music teacher, and its physically impossible to find any public school teaching job without a masters in music ed. Trust me and believe me, wish I wasnt, but this is out of my control, unless of course I just give up on my teaching dreams.
& our tax dollars are going to bail them out
That's called ignorance
And they think that College is the only to succeed so what do you expect?
Why can't you be an independent music teacher?? I highly doubt any parent cares if you have a degree in music versus whether you can teach their child.
Student loan was such a novel concept to me when I first heard about it. In my country, a child’s education is his parents’ responsibility and a parent’s retirement is the child’s responsibility.
Fair enough, but our parents are broke now too. They can't even begin to cover the cost of tuition.
@@grass7864 That's where the government steps in, at least in germany. We don't have tuition anyway, but your parents are obliged to pay for your living expenses while doing so.
If they can't, you'll get Bafög, which is a student loan, but you only have to pay it back party. At least 50% of it free money.
Then when you start working, you'll pay into the pension fund, which is used to fund all those currently in retirement. You then pray to god, santa claus and the easter bunny that this system is actually still working when you're going to retire, so that your children can in effect pay for your retirement. Or somebody elses children. Anybody who's still working.
@@lunakoala5053 this system is broken. Wait until the population decrease and you'll understand why.
@@aika7974 bad example. With a decrease in population you'd have less students to pay for and (relatively) more rich old dudes to pay for it.
Retirements funds and care for the elderly are powder kegs. Free/cheap education is not. Quite the opposite.
How TF is a parents retirement the child's responsibility? The parent CHOSE to have a child so they are OBLIGATED to pay for their education. The child has 0 obligation to their parents - they should have planned their own retirement so as not to burden their children. They CHOSE the burden of children.
Its almost as if they are more interested in the interest in college loans this quarter than the long term success of the country.......
Signet this country was fucked long time ago, we are just delaying the inevitable death
Signet one time I got a grant to go to school and they pulled the money because I didn't apply for a loan. I was able to gather the balance myself and had to argue for my grant back
#Nanette Nette, its so crazy that we went through this process when high school, and grade school became public, but like #eeshunique said, this is many decades in the making. This is the slow vice of a corporate overthrow. And we must fight back or enter a new form of fascism.
That's pure capitalism for you. The fuck everyone else while I get mine attitude.
Michael Smith its not pure capitalism since there are grants that raises tuition on a whole and the loans are secured by the government meaning that even though you cant pay it back the taxes will one day
1:03- "you don’t know anything about anything" lol
Matthew Gillespie There’s plenty of evidence for God’s existence! For one, over 500 people saw Christ after his death at the same time, Dead Sea Scrolls, House of David inscription, multiple Roman documents confirming not only the existence of Christ, but about how the things said in gospels about his actions are accurate, and the simple fact the life cannot exist without a God, whether you use the Big Bang theory version with the first sub atom or finite energy, neither of which could not occur without a creator to set things in motion.
@@lukamitrovic7873 wait, I got this
@@lukamitrovic7873 okay, I gave it a shot. Let's see what happens
@@joekaput747 LOL
That's fair 😂😂
I was coaxed into getting a student loan by one of my family members. My first instinct was to quit and figure out something else while I was still debt free. He convinced me to take out loans and keep going. I never finished school and now have over $90,000 in student debt. Wish I never took out that loan and stuck to my original plan.
Hey how are you holding up
The fact that this is not considered predatory lending is beyond my mind
Knowledge is priceless, how is college a scam if knowledge is priceless?
Dropped outta college, went to a trade school, became an HVAC Tech, now making $50k a year at 24 years old, no debt.
I only took a few community college classes. All of my focus was on equities trading. I spent years making nothing while everyone else was telling me to go to college.
I make around 50k a week these days. (It fluctuates based on my performance.)
Not trying to "flex". Just pointing out how badly people misunderstand money. Probably why they're all worthless and broke.
@@manictiger good for you my friend yeah college does suck I'm thinking about not going back but man do these jobs love that piece of paper lol so I'm with publix thinking about getting some experience while getting my degree I'll see how it goes but be blessed.
no disrespecc but you are still a slave just like everybody else in the 99% mister.
manictiger 50k a week ? Meaning 2,400,0000 a yr ...
Went to college. Engineer. After 4.5 years no dept and 150K in savings.
Nothing wrong with college. The problem is poor financial decisions during school and right after. The majority of students do not care about finances while in school, no work, just fun.
Also, why people go to private school to get degree in art, social studies, etc.?! Go to community college, take what is transferable and graduate from university.
P.S. nothing is wrong with a tech school. HVAC is a good choice.
The most important phrase you will learn in college- `` May I take your order ?``
Do you want fries with that? LOL
@@my3dviews is pepsi okay?
@@wojtekpolska1013 No. No it's not. :-)
@Isaac Whitelol a karen would totally complain about a Pepsi to a manager because they don't sell coke. 😂
What a burn
"Paying for a degree for a good paying job". That's adorable 😄
worked for me, though my university is free.
the middle man (the banker) has got to get some of that sweet sweet green
@@petervansan1054 Worked for you, for the hundreds of thousands of people working at Starbucks though? Not so much.
Going to college was a mistake I wish I could undo. The degree was absolutely not worth the amount of debt.
I got a social work degree , but in order to get a higher paying job I need my msw more debt added on . I’m conflicted because I owing my debt I’ll pay it back but I don’t have to job to do so 😣
I took one semester saw 3.5k in debt, not counting books or anything else and dropped. Got a "good paying" factory job to buy toys. Aside from the debt you accumulate you are also out those years of wages you could have made working full time.
@tonekagrigsby-green769 my younger sister is doing the same thing. I told her that I'll help her out for her master's degree.
This video left out the part where after you graduate, they will call you every 3 months looking for donations! 😂
Christian Boykin only 3 months? More like 3 years! Lol! When I graduated, the first piece of paper I got before my diploma was an add about donating to an alumni club basically 😂
@@kristen1225 every not untill
And its every month
A HUNDRED AND TWENTY THOOOUUUSAND DOLLARS!! AND YOU HAVE THE *NERVE* ASK FOR *MORE?!*
Colleges screw you out of so much money- it shouldn't be nearly as expensive as it currently is.... And they want me to pay them more? Absolutely not. If I want to make it cheaper for the college kids, I would just start a scholarship... Or hand a college kid $20.
The gall
The most important thing you learn in college is "attendance is more important than knowledge "
So true. Didn’t know a damn thing in math but went everyday and got a C
@@user-rz7wg7nn6z 😂😂😂
100% true I actually went for a semester, or attempted to I should say passed literally everything but I was working 60 hour weeks trying to put myself through school and failed all my classes. I graduated near the top of my class in high school but it all means nothing, now that I'm out in the real world I work with dozens of graduates who can't even get ahead of me in their careers, which I think is just sad, if I'm being honest.
Facts
I learned that in school itself.
How tuition continues to outpace inflation is mind boggling. And the government encourages it. It’s a terrible system and the higher education system needs to be held accountable.
"When I'll leave college I'll have a high payed job"
Lol
What? Is it difficult to get a 60k job in stem after masters?
Idk why your laughing lmao. I took a degree in sciences and im making 60k a year starting at a bio lab.
@@johnswanson9642 you in which state?
@@huh8b7b27 texas
Literally everyone thinks that and that's the problem.
Highschool: oh no! I got denied by the 4-year colleges I applied to.
Community College: I'm glad I never got accepted!
@Kaitlin Pages I went to a community college for two years, skipped some classes like trigonometry by studying in my spare time or during filler classes, took tests to get the credits, and graduated with two associates. It cost so little that a pell grant covered it. Best decision I ever made.
Ok, so maybe I will go to community college instead of immediately getting a nine to five.
@@creeperizak8971 if you're into living life and learning work 3 months in any national park in the world. With other people trying to figure it out. Got me from east coast to Alaska. Cost about 2k all in.
@@Shamkk I dont think theres enough hours in the week for that to be possible, and my college recomends that you study at least two hours for evwry hour you spend in class, and one class is 3 hours
@@Shamkk my brother and I did back in the early '80's. It was hard. We both have associates in business and did well for a long time. Unfortunately it doesn't mean much today.
My sister is in her late fifties and STILL paying on college loans. I talked to a guy who had several degrees and was planning to die owing TENS of thousands of dollars or more.
I feel sad for them, but people tend to blame the US system, I see it differently, as even this states, much of it is arbitrary, they don't spend it on you, sure there are some real costs, literature costs money, if gained legally; so does equipment and buildings, but most of the costs are clearly arbitrary
in other words the colleges should be blamed, and certainly right now, one should wonder, with all the classes online, can't this system be an option for students that want to do it cheaper?, oh but ofcourse it is actually more dificult for those giving the lectures, that is just the reallity, so why is it so expensive then?
anyway, I am just hoping to make it in life, and am working towards my goals, no point in complaining right now
@@istoppedcaring6209 and you will reach your goals
@@istoppedcaring6209 the issue is its beneficial for the state to have big student loans right now, the bigger the loans the more the companies distributing the loans are making so the gov makes more money of tax, plus this means its harder for young adults to get degrees so older generations find getting jobs easier and since its the older generation who vote the most you end up with a very content voting populous who don't feel the need for change.
@@lymarie1974 thank you
You can have the most bullshit degrees if you want. It does not matter. Having a fucking degree in damm gender studies will not guarantee you financial success.
College feels like a job in which you're the one paying
I paid around 75k for my studies. I got lucky as I worked in a well paid job during summers and only had 20k debt at the end. I got a job right after and paid it all off. So I guess it all depends on what you decide to study and how lucky you get
Than you have me who pays ≈10k per year even if it was the best college in my country
And guess how much of my income will get taxed when i get a job ?
10-15% max
Then work in Jobs u hate but will only put up with because of how lucrative it is if it only paid 2$ more a hour than Target, Subway, KFC or McDonald's you wouldn't give it a 2nd look
'Your parents could pay for college with a summer job' - So true, and now that generation pushes the bullshit of requiring a degree AND work experience in that field to even get the job.
100%
Fucking boomers...
Because jobs that state they are entry-level also state that they require years of experience
Could pay for college with a summer job, could get a job next door if they could just write their name properly and with a college degree they were making bank on the job interview, could save up for a down payment on a house in a couple of years easy, could buy a new car in cash, would get promoted every other year and eventually move up to upper management by simply being there.
But young people are snowflakes and that's why they can't get anywhere ¯\_(ツ)_/¯
It's definitely how the whole "OK Boomer" phrase went viral. Boomers that don't understand that and mock and criticize their grandchildren are truly "special".
Just what I need to see right as I'm about to go to College.
As long as you choose the right field and work your butt off to market and develop yourself as an organizational asset, college will be the investment it's supposed to be. Don't be like the fools who borrow hundreds of thousands of dollars in student loans so they can learn about art history, drink at parties, and waste funds on lavish spending, only to end up broke the rest of their lives.
College is expensive. There's no doubt. But playing it right will make it profitable in the long run. The only reason to fear the system is if you let it win. Don't.
college aint a waste of time its just mostly a waste of time if you take most of its courses for example if your taking science engineering accounting economics laws or medical field then yes it might be worth the cost but you can get all of those certificate and qualification from any qualified institute a phd is a phd regardless of where you got it from what really matter is your real world results like a driving licence everybody needs one but after that point nobody give a shit which dmv you got it from if im a composite company im looking for a person who's qualified to handle manufacture or sell composite products regardless or where he studied even if its a trade school going to college with a bs degree like how to play games liberal arts and women's rights activist or whatever money pit degree is a waste of time and money and should be label as entertainment instead that even a degree on how to be a fucking elf from the fantasy world good luck finding work of that the problem is that in the real world most jobs don't require a license certifying your qualified and the job that do doesn't mean you need to go to college to acquire such qualification to apply for example a macdonald manger course is technically a degree from an institute its called macdonald training center which you do need to be a macdonald manager in a mcdonald restaurant and you don't get that kind of education from college only from macdonald do you acquire such a degree to operate in that exact field of employment and so many more field of work require you to get a specific license or qualification to gain employment like lorry driver heavy machinery operator
i can explain it very simply why education is more relevant to the higher income household its a very simple explanation the richer you are the more money you have to spend on things that you like like treasury education do you know they called it treasury education its because its not necessary if it was it would have been called primary education even high school education is just a deeper learning of the field you learn in primary school have you the notice the higher the education ladder you step the less amount of varieties you learn until you get to the point like phd where you only literally learn one exact specific field and is an expert of that only specific thing you see like a nice a car it would be great and make your life in general better from its improve comfort or desirable traits if you can afford it and it has no real effect on your lively hood like a good car education pro and con have to be weight for the wealthy perspective education bring many benefits first is vanity from the fact that there educated like wealth you can wear it like some form of fashion secondly it does make them smarter then the average person in some specific topic which can only be a good thing and the cost of such benefit and advantage to them the wealthy is negligible like a nice car if you can easily afford it then its worth it the improve of your daily life is worth the cost but if your broke and poor getting an expensive education is less beneficial to you since it provide you with less of the benefits and cost in proportion to your meagre income alot more like buying a very nice as a poor man car which you have to struggle like hell just to pay of the monthly note and its improvement surly as hell doesn't cover the hardship that comes out from buying such a car with that level of income so therefore education especially the higher levels are like a luxury product it only improve your life if you can afford it so of course the rich would educate himself since its cheaper to them in proportional to their income comparing to the poor and the advantage and knowledge the 2 households get are of equal worth but the 2 household pays a different sacrifice of there income to acquire the same knowledge and benefits that is why the richer you are the more likely you will be willing to spend on education and that statistc you stated is pointless since the moment a poor person is rich he will be willing to spend that neglegible amount on his children education therefore that why is very common to see higher income houshold educated like a nice car its mostly own by wealthy familes
You do realize that college students are not rich, spoiled aristocrats with disposable income to burn on education, right? That's not why education correlates with income.
Increases in income occur AFTER the education is reached. This means that education is the cause of income, not the result of it. Huge difference.
In fact, most college students take out loans to pay for their education and work at minimum wage jobs and paid internships to help pay for their degree. Very few pay their way through with their parents money and walk out scotch free. It's not like a college degree is a luxury for students. It's something they have to risk a lot for. Some just choose to waste their investment by burning their time and learning useless fields.
You're right that colleges force you to take pointless courses, but that doesn't affect whether or not it is pragmatically worth getting a degree. The end result, if done correctly, is a stronger financial future and better job security. I don't know why you're treating every certificate as equal. Employers are the ones who dictate what certificates are necessary to be qualified for certain jobs, and those tend to be the ones that come from college. So my point stands.
Also, your lack of punctuation bothers me heavily.
i stand by what i said most of the college course are useless that is true unless your gonna use it as a steeping stone to master or a doctoral that where the real difference really is sure some of them are useful but the fact of the matter is education cost money even the useless one and for the cost of the education that more then enough money for a person to save or invest and become rich if he or she is smart with investment lets go with a simple math calculation that involve sensible stable job selection let say your typical american median income player once you graduated from high school you could be expected to get your self a good paying job with limited qualification for example a electrician or heavy machine operator with often free or incentive's training 3 month or less time for the program let say he make on average about 55k usd that the national average btw for electrician that 1.98 million us dollar in income not counting over time or raise or any extra pay over 30 years of work and let bring in a college graduate let say a job in engineering field for example that only a 58k national average again same rules not counting raise or extra pay that only a 3k advantage per year of work that 2.088 million dollar of income for 30 years that less then 100k of difference the average college cost roughly 30k to pay not including interest which you would have to pay over time if your poor in installment and is inflation adjusted and there no running away from it since its student load it will hang on to you like a curse until your either dead or paid it off so your starting your life 30k in debt during those 4 years you wouldn't be able to work full time or part time and most of your part time cash would be just enough to cover your life expense during your time in college so you lose out on 4 years of income that more or less 200k so over 30 year you made 2.088 million dollar deducting 30k which is 2.055 million while the electrician got a 3 year head start with no cost at all he on the other hand will be making 1.98million plus 4 extra years bring a grand total to 2.22 million usd over 30 of work and 4 of studies that more then a 100 k less for the graduate guy and remember when that college grad start his first day at work with 30k of debt and a 10 year plan payment the high school guy would have been a 4 years veteran with no debt and a comfortable saving of easily more then 30k if he works hard and spend wisely the point where education starts making you a alot of cash is when you have a medical doctorate or phd in a needed field that where you really have room to spread and a substantial raise in salary over time a college degree is a dime a dozen pointless in most sector of work and costly in some for that slight increase in income and dont give me if he work hard he could have cleared that debt and invest wisely and make money because a high school could have easily done the same there human after all so at that point its more of a game of who smarter and yes all poor college grads are fucking in debt because there fucking poor the only time i would say a college degree is good for low level income people is if there smart as fuck and was able to get a scholarship (free education) and was able to pursue a master or even doctoral degree that when they will really rise climb the income ladder so education is not pointless but a college degree is not a degree you should put your self in debt to study i never said its bad just not worth it for poor people if your rich or the middle class is benefits are much more enticing but if your dirt poor going month to month not realizing when the next meal is gonna come from of weather you wake up being evicted from which is a common theme among poor people i dont think a college degree and 30k of debt for that slight benefits is really in there best interest therefore useless for poor people unless its free
Student: "It's tasteful"
Him: "Ah, you don't know anything about anything"
some people know something about everything
others know everything about something
but you dont know anything about anything hahaha it cracked me up
I can't wait to graduate college so I can be even more homeless than I already am.
Hahahahahahahaha x2
What he should've said is "If you study economics, youll figure out how you're being screwed basically everyday."
DJ M.I.A. I disagree I took economics classes and they don’t teach a damn thing about personal finance.
@The Man With No Name
Hey if AOC can say that the government has a 19 trillion accounting error (really she's talking abput the national debt) and things that NYC has 4 billion dollars to give (which that wasn't) then you can say economics has completely collapsed in America.
Hell, the Chinese understand economics better then us!
You gotta take accounting for that 😂
@@Xo-3130 What is AOC? Is that a newspaper or something?
@@briank5877 damn right!
I love how you can choose to permanently change your sex, choose to take on 30 years of useless student debt that you absolutely cannot escape, choose to join the military that can kill you with no recourse or feasible escape, but you still aren't old enough to legally drink a beer or buy a cigarette or carry a concealed pistol because you aren't mature enough to handle those decisions.
Can own a shotgun and a rifle at 18
Cant own a god damb pistol, drink beer, or smoke a dead plant.
You can make big decisions like where your money will go (college debt), join in protecting your country where you will most likely die if a war happens, which could happen any second, change your biological gender, and have half of your income given to some rich dudes. Among other things. But nah drinking liquor or even just a beer is too much to handle. So is smoking the remains of a dead plant. Or owning a weapon much weaker to the rifle you bought.
The laws are ridiculously outdated but that is what happens when the government is run by old crooks too senile to see a future without them in it.
@@ForeverShadowBanned *laughs in Nancy Pelosi's portfolio*
Um, and also it's biologically bad for you to smoke and drink? You're brain isn't done developing until 25 so the legal age is actually pretty generous. Also if you're that desperate don't act like you won't find a way - if you want to throw your health away then go ahead. As for a concealed weapon (I'm assuming your american) in most countries those are really hard to get regardless of age, because people want to know they aren't giving deadly weapons to idiots. America, obviously, does not care that much.
As for beer and cigarettes, it kinda makes sense because the older you start, the less are your chances of becoming an addict. The majority of alcoholics start drinking in early teens or even before.
One error - the tuition price isn't arbitrary. It's carefully calculated from knowledge of how much loan debt students can handle, how much cash students can obtain from third party payers such as the government and scholarship funds, plus 10% their families are expected to come up with. The price isn't based on value, it's based on how much they can actually get. Plus some.
Go to college they said. Get a degree in engineering they said. You'll get a great paying job with your degree they said. Here I am making less money then I was in college. What they should have said was "make connections".
Thomas Ruiz which engineering did you do?
Thomas Ruiz That's the problem with our society. Getting a job based on networking is the biggest load of crap ever. It essentially kills the American Dream of working hard will result in success and prosperity.
That's a fact.
My engineering introduction professor always told us about making connections. She was an electrical engineer and only managed to get a job with Google because she had found connections; friends of hers who had the same degree needed her to introduce the to her connections for a chance to get a good job as well. That's not to say that everyone who gets a job has connections, but with so many people the conclusion is clear.
Thomas Ruiz you're the unfortunate 1 % of engineers
hEy b0sS am i dAnK? I thought something didn't sound right about that. Maybe just dont do good on job searching or interviewing
congratulations you graduated from a university your reward is a $40,000 in debt piece of paper
No, your reward is what you attain from applying yourself. Stfu & stop acting like ppl should just hand you stuff. If you graduate college & fail to find work, that’s on you.
Either that piece of paper or flip burgers
@Eric N I'm in college, I know that a lot of students are underemployed, and I'm trying to gtfo of college asap, and I honestly think it is a waste of money, unless you go to med, law school or grad school, and it also seems experience and being self-taught is the best thing to be
@@thetraveler0386 its super worth if you do computer science college too
@@cautarepvp2079 I would disagree, CS is a field that's always changing, and it seems that certifications and experience are the only things that get you jobs
Student loans have ruined my life (graduated w honors) interest is insane, never intended to get wrapped up in this, I dont even work in the industry I studied, found my own way, but still have to pay.
How much debt do you have?
I didn't accepted the offer. In Turkey you can apply for bursary and if you are accepted you are fine, if you don't you can always take student credits.
I couldn't get the bursary and didn't accepted the credit offer.
Best decision I made :D now I can only feel bad for wasting my time. :D
But hey, I watched a ton of anime played a lot of games. :D that's a win.
Student loans have ruined mine too man, I was able to pay mine off it took like 13 years to do so cause I had a lovely start off in the job market of 2008 🙄
@@snakewynd Glad you made it out of that flytrap, as of today im down to 34,900, which I can get down in Im hoping 2 years
@@landonleffler2106 Paying for an invisible car >_< hope you get out of those loans dude, hope all is well. Just don't buy another expensive invisible car cause I know I'm not lol
So we’re basically just being screwed over by the system?
College is a choice
Yes you are being screwed by the profit hunting monetary system that needs more debt to survive
No, people are acting like retards spending 4 years and 50k+ debt for a useless degree that has 0 fucking marketability and then complaining "ThE SysTeM iS FuCkEd"
@@tonitrout9938
It's a racket.
Unfortunately, now take a deep breath and put this tinfoil hat on and compare other US *issues*
I didn't go to college, my dad gave me this job.
Oh gosh, so cruelly true
That was so well delivered... but it hurt.
Kind of disrespectful for the people who actually work their way into a good job, there's no evidence that this happens for anyone other than billionaires. Small businesses owners can't easily pass the business onto the children and pay usually isn't better than anyone else the company hires
@@johndirac6707 You missed the point.
The point is people often get jobs through hook ups and connections. Yes, many people work hard to go up the latter, but at the end of the day there are often a lot of people who through nepotism got ahead.
Again, hard work gets you ahead but nepotism goes a lot further.
@Tuperwear Yeah, with guidance from their parents who can point them in the right direction to a colleague.
@Tuperwear The difference is connections, people making that much money usually know a ton of people they can ask to get their kid a start. Getting the first job in your field is usually the hardest since you lack real experience.
Something that you need to make a better life shouldn't cost a lifetime
Mr Redeyes " need " LOL
I agree! Do not borrow money to go to school young people!
Mr Redeyes
Correction:
Education should be free for everyone.
How do you plan on making it 'Free' ? By taking from others ? No matter those others be, the wealthy or the middle class, it is still theft. Why should someone who doesn't want or plan to go to college have to pay for those who do? ~ Aint no such thing as a free lunch!
One 4
Yes, taxes are theft.
Yes, without taxes you're going to have an unfair society.
Go ahead and say that Fair is an opinion, all of it because you want to dream of a society that would be so hellish that not even you would enjoy it.
"One of the classes you could and should take is economics which surely teach you to intrepid detail on how you are screwed here" This guy nailed it. 😅😅😅
Yup, being able to afford college takes a significant amount of planning, forethought, discipline and hard work... all things that every 18 yr old has in abundance... ... ... right?
*failure intensifies
Does anyone else watch these and then hate the world for a few minutes after?
Do not give up Jordan! It is possible to beat the banking system!
I’d say we all need to sacrifice everything now and for our future. Just enjoy your life. Too much to worry about. Therefore, I can promise you if we do a petition on human population control for our future. I know this sounds ridiculous but it’s better for our kids and else. 9 billion is going to lead us in NWO 🤣 but yeah. Speak up for yourself and others.
Yaaas, everyone's after money and wealth. Where are poor a holes like me supposed to go 😂
Jordan Parkhurst yepper
I hate the world all day everyday, these actually make me happy. :D
is this some USA joke i am too european to understand?
Guitarstudent lol no it’s not a joke, THIS IS OUR LIFE HERE IN THE US. It is insane and it sucks because if you decide you don’t want to be in debt by going to college you’re shamed for it and probably pressured until you decide to go. It’s not for lack of wanting to further your education but it will literally make me a slave so it doesn’t seem that appealing after you realize the truth. It’s really messed up. Unfortunately a lot of us don’t have a choice, you’ll get disowned if you don’t go to college so we just go and take on debt that keeps us a slave for the rest of our lives. :( it’s so depressing, a lot of us just commit suicide or you know just turn yo substance abuse and things like that because no matter what, you might have this education that you spent years on and so much money to get but you’re still stuck in a hole and probably now BECAUSE you have a better education you have a BIGGER hole to try to dig out of. Smh.
@@TheRealVivia cant relate, i ve been studying for 6 years now and i have no debt
You ever go to college for less than 2.000€/year just to flex on Americans?
@@VictorGarcia-lb9pk i dont pay for it at all, obviously i cover my life expenses on my own, tuition is free though
Lol im from the US and went to school here in Ankara. The tuition for each semester is roughly 200 dollars.
"You don't anything about anything" lmao If someone told me this when I was 20.
Nobody knows anything about anything
Everyone pretends they know what’s going on with their life when in reality it’s unpredictable like a tornado hitting your house or dying in any moment
Depends a lot on what you want to do. If you want to be a doctor you can't without a degree. If you want to be an engineer you can't without a degree. It is right about less important degrees that won't give you an important job instead.
Regardless the US is crazy... In my country you can become a doctor for 120€ a year (around $140). Yes doctors aren't as well paid after graduating, they're paid around half what US doctors are, but they graduate debt free and our healthcare system doesn't put millions in debt
@@amelie3012 Still..... those are 120k € per year. It's a very good salary on a global level....... a mechanical engineer in uk makes 2000£ at the beginning....... and the prices are also in pounds....... so the salary is 24000£ per year before tax.
@@amelie3012 what country I may need to study abroad
@@beelove295 That is France, I think Germany and many other European countries have similar tution fees
This is absolutely dark. Im a student and I am aware of all this shit. But watching the video gave me chills...
It’s fear that puts one in motion. Work your ass off in school, get internships, make connections. Everybody in college is living in the now, treating it like a resort. Don’t be a statistic, your there for a reason. This video gives me chills as well, it also serves as a wake up call. However you see it, good luck to you.
*you’re
As I was reading that, I immediately noticed you used your instead of you're, and was going to point it out once I finished reading the comment. Then I realized you already corrected it.
I'm* you should go back to kindergarden kid
same am starting highschool
This is 100% accurate
College ruined my life
You should've chosen a better degree. There's still lots of opportunity in STEM.
There's always a trade. Those give good careers whoch may fund your dream job in the meantime. There's always hope.
No you ruined your life. No one forced you to go.
An all you kids love government, see how they help 😂
The school I went to closed down after many lawsuit. Still in debt... I was a naive 19 year old
Nick no, you ruined your life. Nobody put a gun to your head and forces you to enter college. And considering the fact that you were probably a mediocre student too that ends up in your life being a mess.
“Everything in college is designed to frick you into thinking your an adult.”
2020: (visibly thankful)
Socializing student loans made college so expensive. Still, you can work through it. My sister went to a community college and worked fast food to do it. The next thing is don’t chase dreams, chase opportunity. Do something that is needed, study something you will actually use. Trade school is often a much better choice than going to college. Just plan ahead, know your goals, find the solution, and don’t worry, there’ll always be one!
This only works when you haven't started college yet.
"You don't know anything about anything"
Ouch!
Go to community college, and make sure your degree is marketable. At this point, most degrees are utterly useless...
i'm so glad joining the army in my country is free and its one of the most well paying jobs out there in my country anyway
@@AdrianSilva-uu8nk in the US, the army pays for your living expenses while on duty, but you also make little over minimum wage afterwards.
MGTOW Knight “Marketable” degree is what many people actually do. The most Popular degree is “business management” yet most people don’t know anything else. So they have to start out at an entry level job.
Go to CC for 2 years, Xfer to 4 year
Except an engineering degree
don't mind me, just another day of thanking God I wasn't born in the US
Facts.
Me: smiling from Aus🇦🇺 with my hex debt, its 100% better than the usa but still a debt at the end of the day.
@@shanethomas1202 Our universities here are free, not the best but at least free haha
Seems like a bachelor's degree is the equivalent of a USA high school degree if universities are paid for by the government. It also seems that would just be extending school for another 4 years while at the same time you pay higher taxes. A bachelor's degree would be more valuable if the government did not pay for it as these degrees would be more scarce.
@@skullj2872 In my country all universities are free, and the government pay you about 400-600 €/month while you are studying.
Just go to a trade school, unless you are going to be a doctor, lawyer, or engineer. Welding, nursing, industrial maintenance, forget the 4 year college trap...or go in the military and avoid all student loan debt.
Skipping college was the best life I choice I ever made. I'm 30 years old and have almost payed off a house thanks to not having to worry about student loans and spending 4+ years for a degree most employers don't give a shit about.
What do you do for a living?
It's not one or the other. I went to college and left with 15k in debt that I paid off in a year. It wasn't cost prohibitive to me because I picked a reasonably priced school and worked through it. I also know someone who took on major debt but got an engineering degree and makes an insane amount for someone just starting. She should reasonably have it paid off within two years.
Just thinking things through is enough. Don't go to a high priced school for a low effort degree.
Clearly you didn't go to college
@@gopats1052 Trades, probably. Got a few friends that do it with nothing post-secondary, they make bank. Still wouldn't trade my pension and benefits, but if you do make enough, you can buy your own insurance and save up for your own retirement. Having said that if my own kid develops an aptitude for something that can be turned into a trade, I'm not gonna push him away from it.
@Tuperwear you misread. His friend was making 6 figures with just vocational training. The op was making 50k while being in debt for going to school.
"I wouldnt know. I didnt went to college, seem to expensive. My dad gave me this job."
How the rich stay rich...
QueenBee Druid haha didnt noticed this coment. I'll rephrase it for you...
A method of how the rich stay rich.
Better?
lol! You sound like you're in junior high @Kween bee
@Slavic Soldier I really dont comprehend what your saying, can you please elaborate?
I know not every rich peron stay rich, but the ones who dont COULD be the people that got lucky and view it as a "big break". People with the "big break" mentality think that they are done and set once they reached the top. This is not true. We see this with rappers and athletes (these are not the only people that can lose their wealth)
To put it shortly, the people who stay rich should be seen as wealthy and not rich. People with wealth know how to manage their money.
The rich/1% should pay for college of something
Leo Are you even rich? How do you know how rich people manage their future? You aren’t even rich
A study was done that showed 54% of college graduates don't even get a Job in the field in which they studied for in college, , Also everything the teacher is teaching is now on CZcams or the internet for free anyways
I watch these videos desperately wanting to laugh (because the humor is top notch) but how true they are kinda keeps me to a chuckle
Half of this comment section is comprised of Europeans who boast about free education and the other half is a bunch of Americans who are complaining about how expensive universities are
Don't worry about Americans. You usually hear from people who complain. In fact, most of the people live pretty well even with high cost of college, etc.
@@Kotiara123 true. It's just the people who are too lazy to figure out the smart way that complain
@Michael Hurlburt Wrong. Smart people know capitalism works. The smartest people acknowledge how to win at the capitalism game and rise to the top. Dumb people (like you) are the ones who wish they could win at the capitalism game but have no idea how to so whine and cry that they want the rules changed.
@Michael Hurlburt there are not many super, super rich Americans, no. But there are many Americans well able to earn their own way. Capitalism works for those who are willing to work.
@@awilliam191% of Americans are one month of unemployment away from being evicted from their homes. And as much as you like to boast like you're Warren Buffet Jr., I have a sneaking suspicion that you're part of that 91% as well (like most libertarians, you just bought into the kool-aid that you're just a "temporarily embarassed millionaire" and not knee-deep in shit like the rest of us). So, quit acting all that high and mighty, son. Unless you're part of the top 1% - which, again, I suspect you're not - you're the exact same boat of shit as everybody else.
If I was born in the USA I would have skipped college and went to being a woodworker. Sounds like a fun trade to work in. Since I'm from the 3rd world, free computer science college was the way to go.
What are you talking about? The USA is a part of the 3rd world too!
The irony. We need less skilled blue collar jobs in the 1st world and the 3rd world takes up all computer jobs.
I want off this ride dad
In Australia labour pays more than office desk job :)
The trades can be difficult, boom or bust, but I'd still recommend it over universities these days. I regret my parents forcing me to go.
Thank you for taking our jobs
My parents aren’t really giving me a choice and even they are still paying off their debt
"I'd Rather Die On My Feet Than Live On My Knees" - Some guy
Of course it will be hard to go against your parents, but what would your future self want you to do? You do that, and break the cycle
I make $33/hr working in IT off of just a cheap 2 year associates degree from a community college that was mostly paid for with Pell grants with the remaining on a small student loan that only took two years to pay off. Universities are overrated and too many jobs I see requiring a full bachelors only pay like $15-20/hr. No one can live on that.
@@Thingsyourollup you did well my friend. Yes it is hard making 14 or lower but it can be done but hard. Reading your comment made my morning. Cheers
@@Thingsyourollup Agreed, If your going to hit up school get a cert or a community college deal and get that job asap.
What u mean not giving u a choice? Once u turn 18 u make your own choices
My advice, as someone who recently graduated from a University... take your prerequisite classes at your local community college. It is cheaper and most of my credits transferred over to the University. You can speak with your advisor about this and they can tell you what class credits will transfer over and which ones will not.
Everything is a business in America.
Also a reason why this 👉 ⚽️ won’t succeed
Just here to remind u whoever invented college didn’t go to college and he did it for money
*everything on this planet is business
Yup! Even healthcare & college
Well yes, capitalism revolves on taking on endeavors that are favorable towards making a profit. This means either finding a job “that you love” (BS) or developing other streams of income. There’s no free lunch, but that’s not a bad thing. This isn’t a pity party. America is the best place you can be that gives you the most leverage on building wealth if you’re willing to do the work and plan effectively/play your cards right. In other countries, good luck trying to start a business and not have 50% of the revenue stripped for the government or Special forces assassinating you because you’re developing too much capitol and power. Use the beautiful of being in this system and never look for hand outs.
"Mom, I'm not going to college cause the Cracked guy on CZcams said so"
Probably save yourself a lot of debt. Stay autodidactic.
"The cracked guy"!
If I lived in the US I wouldn't go to college
just abbreviate it to "because crack" she will understand.
Yeah, trust the guy with the crack
Unfortunately, i fell into this trap. Had opened a loan and graduated from a scammy school that "promised" i would get a great paying job. Now i am paying it off with unemployment while jobs continue to be pain after I got laid off from my last job. To future generations, never open any loans EVER and take a college that doesn't demand high cost in tuition and classes every semester/quarters.
I have a trade skill and a degree. The trade helped me pay for the degree. I didnt take out a student loan till my senior year and even then it was only $4500 loan. Paid it off within the year after graduating 😎
Frustrating because many jobs require some sort of degree as a minimum for you to be hired.
Sarah Walker remember, a degree is only a foot in the door. The rest of your work life will be based on work experience. A degree only started you out farther than those with only experience
Blue Callor jobs don't
@@michaelogara9056 working at Starbucks don't
These honest videos give me so much anxiety holy hell
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First
Since basically the 1950s a "#PredatoryParasite" 'bad element' has insinuated itself into the 'leadership community' of America, and subverted a lot of our institutions and markets. ✌
What took you so long to decide that getting rid of these skits was a bad idea?
@@djargus This explains it >>> czcams.com/video/_Shv6M9D5gQ/video.html
This should be show in every high schools.
Yea but they won't because the government needs the additional revenue they are very greedy
Government is the scam
I'm 25 living at home still because of my loan debt. I have a good job but the debt keeps me at home without a car. I'd rather just try and pay off as much as I can. Your loans will most likely be split into several categories, each with its own interest rate. It's better to pay them off by the group rather than the whole principal. Pay off the group with the highest interest rate first so it doesn't keep accumulating for too long. But the most important thing for college students to know is that you have to do whatever you can. You're not getting a high paying job right out of school unless you know someone. The daughter of a newsman in my city got THREE big jobs that she does. She's a year older than me but we went to the same small school for the same degree. She has THREE jobs in this small city with limited work. Of course it's not fair but that's how life goes. You have to do whatever you can get, which will be unpaid internships and minimum wage jobs. I did all of it for a year and a half before I got a good job. Still, I can't afford to be on my own. This is America though.. very expensive and very competitive. Don't settle and keep pursuing what you want. I'm not going to settle for a desk job the rest of my life in a city I can't stand. I'm actually planning on leaving the US because that lifestyle is not for me. I don't want the "American dream" because all it is, is a lifetime of debt. I'd love to see a video about that "If the American Dream Was Honest".
American dream of who? I dont remember ever dreaming of being a debt slave to mortgage, car loan, student loan, credit card debt. Inflation continues while income is stagnant. This needs to stop
Why don't u write a book about it? I bet it will be a best seller...... I'm Marsha.
No, brother, don't leave. We must *band together* soon and we need all of our brothers to stand up to these Thieves and Snakes.
As for debt, this all started when the central banks, I.R.S., and the federal reserve stepped onto American soil. It's like a debt machine to bring us to our knees and to benefit to the few.
Like Corporate Slave Masters.
I died inside watching this and I've been screaming this since I graduated in 2019 and got hit in the face with the "college is a scam" brick.
@@candicecampbell9887 I think thats a very worthy cause! At the very least tell them not to go if they have to take out loans!
This video makes even more glad I never considered a student loan when I was attending University.
My tuition were mostly state-supported. Because in Hungary if you agree to not leave the country but get a job in Hungary for 6 years, then they pay for your tuition up to 12 semesters. (It's more complicated of course, but that was the gist of it.)
Plus thankfully I was a pretty good learner so I earned some scholarships too. And my summer jobs also helped.
Thankfully everyone I talked with convinced me that student loans are just a yoke that you willingly put on yourself because you think you need it, but in reality you can get through university without it if you do it smart and aren't afraid to work and/or study a bit harder.
Glad my son did an apprenticeship he gets paid to learn and gets job experience! I think it is seriously underrated
my Union hires every year, there is a demand for Union labor over private
Send your son to Europe(except UK) or Asia for college, it's cheaper than a trade school.
Having a degree and job experience won't guarantee you a job at all. It's all about contact and having that family member or that opportunity to have a job guaranteed.
Jane-Ann Armstrong My father made a great living from the trades. The only problem with them is that they are physically and mentally demanding. They start to take a toll on you as you age. My dad had to retire early because it got to bed too much for him.
Gregory Everson Union is the only way to go. You won't get screwed over as much as if you went private.
I finished grad school in 2009. I have a good paying job. I also still have massive student loan debt. Yay America.
frozenaorta Do you work for a non-profit company?
Jubach I actually do, yes. How did you know? The primary benefactor of my organization still pays us quite well, though, as he is pretty passionate about our work.
frozenaorta You might be able to file paperwork to make the federal government take over your loan, and they expunge it after ten years. So after 120 payments, the loan disappears. This was started under Bush, so you’d have to do some research to see if it’s still possible. Ten years of college payments is way better than if the debt lasted until you were dead, right? Look it up. Might be called Loan Forgiveness something.
frozenaorta are you comfortable with sharing some numbers?
I have a useless college degree with no job and I have union. It's heart breaking seeing my kid with a loser job but think if he goes to college he'll end up just like me. government is corrupt and allows this. College degree made me more stupid and ignorant with less money and zero benefits.
It's gotten so bad now that even if you follow all the rules, pay on your loans for ten years and never miss a payment you can still end up owing more in principal than you originally took out. You're literally better off going to a loan shark.
...you know...we've been talking about this for at least 20 years...when are we going to DO something about it...???
pantslizard we never will, unless people start dying from debt
As long as we have football, basketball, movies, porn, etc we will never revolt.
Never
BERNIE THE FUCKIN MAN SANDERS 2020 BABAAAAAY
@@thatguy2244 Bernie's idea of "Free College" means instead of students who choose to take on student loans paying them off, now EVERYONE gets to pay student loans..... except they'll be called higher taxes... and they'll NEVER be paid off... and it still won't help land a job to afford a leisurely living after paying those extra taxes, rent, and food. And since the government would front the bill to colleges, like thy are with today's student loan programs, that means colleges can keep raising the cost of tuition just because. And in the end, you'll have stepped backwards economically as a result.
No thanks
I wouldn’t know college seemed expensive my dad gave me this job. Lol
EDIT:Thanks for the likes.
@Ricardo Santos Or the entire presidential family
before i watched the entire video i thought this wasn’t a quote but you literally talking about yourself. lol
ナカナカ lol
@Josef D only because you choose to be.
Funny as hell my dad dead left me nothing and no family pair for my school
Must be nice
My school prided itself on a 92% job placement rate after graduation, and it was a huge selling point for me to take out the debt to go to this school. Here's my senior interview from 6 years ago:
College: "so do you have a job lined up"
Me: "well yeah, but its in the warehouse that I'm currently working in that I don't need a degree for"
College: "That's great! But you do have a job though?"
Me: "well yeah, but its not in my field-"
College: "but it is a job, right?"
Me: "well yeah, but like I said, its not in my field"
College: "well we're sure it'll come along, congrats on your job!"
If you want to be successful in life, have mindset of the rich, spend less and invest more.
Absolutely
money is worthless untill you put it to work...... i made my 1st million off bit coin . Making money is the plan and with bit coin investment your plans can be fulfilled 💯
T'ry get-ting a me'ntor to gui'de you o'n trad-ing tech_niq'ues and st'arte-gies . I tra'de with Ellis Gregory Carson Fx, h'is rea'lly goo'd
My tra_der would always ask you how you would like to rec'eive your portfolio. O'n like other trader's I have worked with in the past.
@Gabriel Corbin Yes of course, he h_elped me reco'ver $ 5, 000 1 lo-st to a sca_mmer, and ea'rned me a pro-fit of over $ 8, 500
Ideed, being 20 is like don't knowing anything about anything. Trust me. At 40 you'll be amazed how you managed at all to stay alive, with all absurdly idiotic moves you made.
Welp I'm in my 20's (27) can't wait to hear that from myself!
Speak for yourself.
Wow Powerful quote!
I’m 19 and Think I’m making good decisions now but I guess I won’t see if it was until 40
It is amazing what your eyes are opened to in your 40s..the things I wish I could tell my younger self.
@@EvilAnomaly like buying all that stupid crap you don't need
So how do you fix this?
*Don't study in the USA*
I'm only 16,436USD in debt because I have permanent residency in Hong Kong.
Joe Smith wow
international students in the USA were not allowed to take loans and happy for that.
Canada is even more fucked.
People with American citizenship can't just live abroad. The US is the ONLY developed country on earth that instills citizenship-based taxation essentially meaning that you'll be paying double taxes if you decide to live and possibly work in another country. Furthermore, thanks to Obama's brainchild FATCA you''ll be denied access to basic banking services due to all kinds of information that financial institutions have to send to the IRS.
Tristan Lau in a place where there are no regulations or taxes (almost).
*Just what I want for the US’s education market*
Me, a Brazilian, who lives in a country where college is totally free, just watching from a distance
Bro, brasilians have to pay for high school tho. I used to live in Cotia and anything about public school is shit. The free college is shit to. Thats why we moved to Texas and why are trying to get the rest of our family from Osasco over here
But murder rates.
Hahaha "Free" government stuff...
I didn’t know Brazil has internet.
@@emmy4537 Emily stop being stupid
When the ad before is for a school and the ad after is for student loan assistance 😂🤦♂️
My total expense for my 4 year degree was under$3000 total. Boom !!!!! The 1970s were great!!!!
That’s why people and especially governments should not exist and we all should just die
@@idolevin8795 Very sensible not completely irrational 'solution and answer to everything. Wtf is the matter w/you?
Time value of money
sick dude
My total expense was exactly $1371 for 4 years here in Bulgaria :)
Oh would you look at the time. I'm late for my suicide.
Taking advantage of the suicidal? XD
basketballboy1333 holy fucking shit 😂😂😂
Garrett Powell lmao for reals..
Same
@@basketballboy1333 no use my code:
FKU696969
Smartest guy is the one who didn't go to college. Irony.
Not really. Imagine knowing how to reliably make money in your 17 without breaking the law? Sounds quite smart to me.
Дмитрий Д like he did lmao?
BillionaireBombshellBishoujo lmao everyone is lucky if they do well in life. As if working hard and being smart with money doesn’t 99% of the time result in wealth.
Money doesn't equal intelligence. Trump's a fine example of that.
@I'm tired of this Yes, displaying my material wealth on line and describing my achievements that will surely be met with /r/thathappened in order to prove I'm smarter.
Wow. Just amazing rationale there. Go back to bed troll.
I’ve posted this on other videos similar to this one. But I got a 4 year degree and right out of school made 36,500 dollars (teaching) after a year I did get a raise $38,000. At the end of that year I went to a technical school to train to be a paralegal it was 11 months now I make $58,000. I’ll let the CZcams community decide which they think was a better financial decision.
Colleges are just money making facilites now. They crank out so many grads that they've flooded the market with too many people with degrees without a high enough demand for them.
If they cared enough, they'd have better programs to help transition students by helping them land jobs before graduating but they don't. Takes too much time effort and resources than it does to flip them out and let grads flop about until 1/3 default on their loans which only disappear in very few circumstances and then get another batch of students and rinse and repeat.
Not that I'm saying college ed isn't important, what I'd tell anyone going now is to be damned sure you know what you want to do and have a career path laid out before taking out loans. Or else you end up like me where you work min wage jobs with a degree because no one wanted my liberal degree outside of academia.
Most of what you said is accurate, however many schools do offer career counseling and job placement aid. Not to mention the countless job fairs, the resources are there its just a matter of taking advantage of them. Also most jobs are interested in a person's experience not necessarily their degree itself. Thus its really about who you know, the skills that you have and how they apply to the business world. Overall your message was on point and students need to know what job in particular they would like to have. I'd recommend doing job searches once you pick your major and look to try to contact some of those business so you can get a better sense of what that job entails.
Colleges don't exist to put you in the workforce. There are plenty of tech schools that can do that. College is for expanding your access to a particular academic area and teaching you how to think.
I spent four years at a private school, earned a liberal arts degree, total cost was about $150,000, but I never paid a penny. Full ride scholarships from multiple organizations and institutions. I think I actually came out money ahead, and I wound up paying taxes on some of my scholarships. If you aren't the type of person that can earn a full ride, you may want to reconsider your college plans.
S Lee The college I just graduated from actually did have those programs as well as great networking programs. It was just crazy expensive...
S Lee
you can't even default on student loans, unfortunately.
_"be damned sure you know what you want to do and have a career path laid out before taking out loans"_
In case that wasn't clear enough: When you're thinking about going to college you're an adult. *Act like an adult.*
Some degrees are worth the debt. Other degrees aren't. If you graduate college with a $400 thousand dollar debt you'd better be sure the degree is in something that makes a lot of money. And liberal arts degrees don't.
student loan debacle has taught us the greatest lesson of all: never trust anyone because everyone is out to fleece you.