You Have $107K in Student Loans Making $23/Hr

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 6 December 2023

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today's episode features Dave Ramsey & George Kamel. The Ramsey Show Highlights 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 seven days a week. 💸 Budget for free with EveryDollar: Click Here 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

Click on a timestamp to play from that location

0:00.0	Brought to you by the Every Dollar app.
0:04.3	Start budgeting for free today.
0:06.5	Marissa is with us in Atlanta.
0:08.6	Hi, Marissa.
0:09.3	Welcome to the Ramsey Show.
0:11.6	Hi, how are you?
0:13.1	Great.
0:13.6	What's up?
0:15.9	So my question is with the student loan repayment starting, my parents and I, like many others,
0:23.4	are a little overwhelmed trying to figure out our approach. So when we took out loans for my
0:30.2	school, my parents didn't have great credit, and I didn't have a line of credit. So they took out
0:36.1	a plus loan. And I'm the third kid that went to school line of credit. So they took out a plus loan.
0:37.7	And I'm the third kid that went to school in our family.
0:41.4	So they have plus loans for all three of us.
0:44.6	And then I have my separate subsidized and unsubsidized loan under my name.
0:48.7	My question is, should I have the parent plus loans transferred to my name and
0:53.9	refinance it to take the burden off of my parents?
0:58.0	Because we're just trying to figure out the best way to approach it.
1:01.8	And right now, it's just way too much for them to handle.
1:06.6	If you can pay the payment, just pay the payment.
1:11.1	Myself or my parents?
1:13.0	Well, you said your parents can't handle it,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.