I Have $230K in Undergrad Student Loan Debt

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 4 April 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel, & Jade Warshaw. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:10.7	All right, let's go out to McKinsey in Orlando, Florida.
0:15.2	What's up, McKinsey?
0:16.4	Hi, how are you?
0:17.5	Great. How are you?
0:19.0	I'm really glad to be talking to you guys.
0:21.2	We're here to save the day.
0:22.3	What's up?
0:23.2	So I'm 25 years old.
0:25.4	I have an overwhelming amount of undergraduate debt, and I'm at a point in my life where I'm hoping to be buying a house or something,
0:33.7	but I know that the advice is to lower the debt before buying a house.
0:38.1	Correct. So I'm kind of better, yeah.
0:40.4	Which is how bad is this overwhelming debt?
0:44.3	Um, is $235,000.
0:47.5	Ouch.
0:48.2	Wow, that is a box of farts on a pony, McKinsey.
0:50.9	How, like, what did you study?
0:56.1	I studied electrical engineering.
1:01.5	Okay. Did you do a special electrical engineering, like the secret underground kind?
1:08.1	No, this is a standard one, unfortunately. You just did it at 60 grand a year.
1:12.1	So, I just took a little longer.
1:17.1	I'm a first-generation college student, and I kind of, you know, there's a bunch of reasons that I really feel like I had, like, the toolbox starting out and it took me a while to kind
	...

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