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Borrowed Future

Introducing Borrowed Future

Borrowed Future

Ramsey Network

News, Documentary, Business News, Society & Culture

4.86.5K Ratings

🗓️ 28 August 2019

⏱️ 3 minutes

🧾️ Download transcript

Summary

Borrowed Future premieres on September 30th.

Transcript

Click on a timestamp to play from that location

0:00.0

There were times that I was just, I was given up because I want to pay my student loans.

0:07.0

And there was a really pretty place called Sunset Clips in San Diego.

0:13.0

And I loved the beach and the ocean, so I would drive out there to calm myself.

0:18.0

But I really just wanted to drive off the cliff and be done with it because I was worth more dance and I was alive.

0:29.0

43 million borrowers have about one and a half trillion dollars in federal student loan debt.

0:35.0

We don't understand the true impact that this debt is having.

0:39.0

Going into debt has life altering consequences.

0:43.0

Every single year, another million student loan borrowers default on that debt.

0:49.0

And absolutely zero plan to tackle this at the federal level.

0:53.0

From Ramsey Network comes borrowed future.

0:55.0

A new podcast exploring the student loan debt crisis in America.

0:59.0

Behind all the numbers and frightening stats are real people dealing with the consequences of their student loans every day.

1:06.0

Really it stopped me from being able to get a house.

1:10.0

It stopped us from starting our family in this poverty-stricken home.

1:14.0

8% doesn't really seem like a lot, but I guess it's a lot when you're looking at $12,000 and then over the course of years.

1:21.0

I just woke up one day and I was $30,000.

1:24.0

You just don't know what to do, you're paralyzed.

1:26.0

And you get depressed. I didn't sleep for like the first year because I was always worried something's going to happen.

1:32.0

It's awful.

1:33.0

Along with those stories, you're also going to hear from experts who want to see change in the student loan industry.

1:39.0

From billionaires like Mark Cuban to thought leaders like Seth Goden and financial experts like Dave Ramsey.

1:45.0

There is a lot of blame to go around here because we built the system.

...

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