Ep 1: What No One Told You About Student Loans

Borrowed Future

Eric Cieslewicz

News, Business News, Documentary, Society & Culture

4.8 • 6.5K Ratings

🗓️ 30 September 2019

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

The student loan crisis is impacting you, your friends, your kids and our economy. College is more expensive than ever and you’re being told, “Student loans are good debt,” “You can’t go to college without debt,” and, “It will be worth it.” These lies have duped the average college student into taking out $35,000 in student loans. In episode 1, you’ll hear from Dave Ramsey, Anthony ONeal, Rachel Cruze, Michael Torpey, Seth Frotman and others on the reality of the student loan debt crisis. BorrowedFuture.com http://bit.ly/2BwX2Mv “Debt Free Degree” Book http://bit.ly/31yOMXb Splash Financial http://bit.ly/2B9rX1b Have you been impacted by student loans, or have you received a debt-free degree? Send your story to [email protected] or call 629.235.0235 and leave a voicemail!

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0:00.0	I have 27,000 steel loans.
0:04.2	I only have 54,000 student loans and I don't even have a degree.
0:09.2	62,000 student loans at this I make around 19,000.
0:14.4	I'm barely making it.
0:15.9	Student loans telling up to 75,000 total will be our making monthly payments on that.
0:21.0	I have $100,000 student loans.
0:24.1	We have 102 student loans.
0:26.7	My student loan is actually 115,000.
0:31.6	My current rate is $120,000.
0:35.3	I have a master's in student personal administration.
0:38.9	Basically, I come all the time to college campus for my 160.
0:43.3	It's just student loans.
0:45.0	I have about $175,000 with private student loans and federal student loans combined.
0:50.8	I have $200,000 of student loan debt and unfortunately not a doctorate lawyer.
0:56.4	I just got a business degree from private school and I'm currently making 45,000 a year.
1:01.0	Combined, my husband had roughly $328,000 for the student loan debt.
1:06.3	We both have a substantial amount of student loan debt in the neighborhood of well over 600,000 dollars.
1:12.1	Just feel like I'm starting my life a little bit late.
1:14.6	My husband and I are looking at about 630,000 student loans combined.
1:20.9	More than 44 million Americans have student loan debt and the burden is keeping many of them
1:26.1	from moving forward with their lives.
1:28.6	The average student graduates with $35,000 in student loan debt with an average monthly payment
	...

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