Dave Ramsey: Student loan forgiveness is a scam

It's amazing how easy it is for a young adult to go into 300k in student loan debt but almost impossible to get a 30k loan to start a small buisness.

I got laughed at for dropping out of college and going to barber school , I just opened my second business , Man did I dodge a bullet

The reporter said her family helped her pay for college. Not everyone has that luxury.

The college experience is not an end-all cure-all for a successful financial future. But it is promoted as such; and this is the problem.

We should all become politicians who get paid to do nothing and managed to keep their jobs until they are almost 100 years old

My college told me that the average starting salary in my program was $65,000. What they didn't tell me is that it would take me 10 years to find a job.

I was that kid that was lied to. Took out loans to get through college. Went to a public state college to keep it cheap. Majored in Comms/Marketing. The recession hit, and all entry level jobs now wanted 5 years experience or a Master's degree, so I got one of those too so I could be more "marketable." Geared my entire experience towards skills that employers claimed they were "desperate" for in employees- research, writing, public speaking, using new tech and data applications, and critical thinking. After jumping through all the hoops, employers made every excuse to not hire or pay a fair wage- I didn't have enough experience, I wanted too much money, I didn't speak Spanish, I wasn't "diverse" enough, I lived too far away, I don't use the company's proprietary software, etc. The government needs to get out of education, but employers also need to stop being lazy and hire capable graduates to train and pay properly rather than waiting for desperate journeymen to lowball. It's a vicious cycle.

Even if all student loans were forgiven tomorrow, the system is still broken as long as the government subsidizes loans, so this problem will persist.

We should also examine Universities and Colleges for price fixing.

You know, I went to college because in order to apply for the job I wanted, I had to have a bachelors degree. So, let’s not forget that industry has also added to the problem.

Dave is absolutely right; if you have a skill without a demand, then you have nothing.

Honestly, college isn't worth the cost anymore. It used to be that having a degree meant something. But honestly, employers really don't verify a degree unless it's a high up position. I have friends who lied about a degree and experience. They just learned the job watching others and no one caught on. They have been in their position for years.

Dave Ramsey changed my life forever! Went from 110k student loan debt and it’s down to 20k following his plan. Looking to be debt free by 2022 let’s go!

" we have 18 yr olds making adult decisions" this is the problem with the US across the board starting with the White house.

This has been a problem for decades. From UCLA, I remember some graduates couldn’t get a job with their environmental studies major. They ended up working cashier jobs or going back to city college to learn for a real career such as nursing, etc.

I worked two jobs in college while going to school full time and by the grace of God, got out of school completely debt-free. I wasn't going on vacations, had no car and had the cheapest meal plan possible. Knowing that today I am working in a job completely contrary to my major, it makes me feel a little better that I don't have to invest today's earnings in yesterday's degree.

Collage is a scam I skipped it i am 24 years old working as a janitor in a school making $50,000 a year without over time. I get full benefits sick time, vacation, every federal holiday, personal time , pension , health care, dental,... waiting for the parks department job to open up that only union can get.

I have a 19 yr old grandson who will graduate from a 2 year trade school in December as a qualified pipe welder ( my craft for 50 years ). He worked and paid as he went to school. He is debt free, and has a trade he can make over $100,000 a year with. Not bad for 19 years of age.

“Let’s double-down on how stupid we’re going to be”. Love it!!

I don't know who will read this, but I have some advice for anyone considering college. Community college is a great option. I ignored my teachers and guidance counselors who advised against it and I'm glad that I did. I went to a community college for two years and then I transferred to a university where I spent the next two years to get my bachelor's in graphic design. I graduated with half of the debt all of my friends left that school with. I am currently debt free and employed as a graphic designer for a vehicle wrap and lettering company. College doesn't have to be expensive. My degree is worth just as much as the "big shots" who went to Harvard.