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Money Guy Show

How Student Loans Are Crippling Americans (& What They’re Doing About It)

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.62.8K Ratings

🗓️ 1 October 2025

⏱️ 63 minutes

🧾️ Download transcript

Summary

Student loans are reshaping education and your first decade of adulthood. We share how to lower the cost of a degree (scholarships, test prep, community college, in-state networking) and build a career-first plan that actually pays off. Stay for our Q&A on 20-3-8 Rule for multiple cars, how to build the right emergency fund, the right down payment for your second home, and so much more. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Jump start your journey with our FREE financial resources⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Reach your goals faster with our products⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Take the relationship to the next level: become a client⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscribe on YouTube for early access and go beyond the podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Connect with us on social media for more content⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠NordVPN.com/MONEYGUY⁠⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

student loans man how they are just messing up my favorite thing which is education

0:11.2

Brian I am so excited to talk about this because it seems like the educational landscape

0:17.0

has shifted and folks today that are graduating or have recently graduated from

0:22.8

higher education are facing a different problem, a different type of dilemma than generations

0:28.1

past. And we want to walk you through what that looks like and maybe what people are beginning

0:33.7

to do about that to try to help that out. Yeah, well, I'm always glass half full. And I think that what I do, we'll give you the data,

0:40.0

but also we're going to tell you how you can avoid this or navigate your way out.

0:43.9

So it's really interesting.

0:45.4

When you look at the stats, the average U.S. undergraduate,

0:50.0

the average U.S. undergraduate graduates with approximately $26,000 in student loans.

1:01.9

And that's just very, very different, Brian.

1:03.5

When you were coming through school, it was not commonplace for someone to come out of college with five digits worth of student loan debt.

1:12.7

Yeah, we love education. I always say that even when we were doing the launch of

1:18.7

millionaire mission, I talked about my own journey where I felt like education is really the ladder

1:24.5

of opportunity because you can better yourself, it doesn't matter where you come from.

1:28.6

So it really troubles me when I see that somehow the system has gotten skewed

1:33.6

to where cost of education's gone up,

1:36.7

the amount of people going out there and having to go leverage it up

1:40.3

and start out when they come out into the world,

1:44.0

instead of thinking about how do we start

1:45.8

putting our army of dollar bills to work for us we have to think how we're going to pay back

1:49.8

all these financial institutions it just seems like a trap in a lot of ways so we want to kind of help

...

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