Bonus Episode: Student Loan Debt in America (How We Got Here & How We Get Out)
The Ramsey Show
Ramsey Network
4.5 • 38.5K Ratings
🗓️ 15 September 2023
⏱️ 63 minutes
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| 0:00.0 | Hey folks Dave Ramsey here and I'm excited to bring you a special bonus episode of The Ramsey Show. |
| 0:07.0 | In case you missed it, I recently hosted a free live stream all about the student loan debt crisis |
| 0:13.3 | in America because I know a lot of you are feeling the burden of those payments right now. |
| 0:18.4 | But trust me there's hope, so stay tuned to get the facts on how we got here and what you can do |
| 0:25.2 | to get out. Thanks for listening. |
| 0:31.6 | Hey guys, I'm Dave Ramsey. Welcome to our free live stream student loan debt in America. |
| 0:38.6 | How we got here and how we get out. I'm standing on the debt free stage here in the |
| 0:44.8 | headquarters of Ramsey Solutions and we have noticed like you have that a financial tsunami |
| 0:51.0 | is about to sweep this nation. We have federal student loan debt, our student loan debt in total of |
| 0:56.1 | about 1.7 trillion dollars in America right now. 44 million of you have this student loan debt |
| 1:05.2 | and it's coming at you like a train right now. Interest started up September 1, payments will start |
| 1:10.7 | October 1. I average student loan being almost 40,000 dollars a person. |
| 1:16.5 | In the midst of this over the last three years a couple of different presidential administrations |
| 1:22.2 | have given you the ability to kick the can down the road and then they've made a series of false |
| 1:26.8 | promises about student loan forgiveness and well the results are in. It's not coming. |
| 1:33.2 | So what are we going to do now? Payments are going to restart and everybody's going to be impacted. |
| 1:39.1 | People are scared. Some of you are really confused and some of you are angry. You expected the |
| 1:45.1 | forgiveness to come and now it's not there but either way we've got this reality of October the |
| 1:50.8 | first staring at you and you kind of having an old crap moment. What am I going to do now? |
| 1:56.8 | I got to get an extra job. I got to get five extra jobs. How are we going to make this work? |
| 2:01.8 | I'm in trouble. I don't know how we're going to do this. Well last week we went on Instagram and |
| 2:07.5 | we asked for your questions and you know about four million folks on Instagram so a couple of |
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