ABC News’ Trevor Ault looks at the student loan debt crisis and asks financial experts the tough question: Is college still worth it?
39 thoughts on “College amid the student debt crisis”
Comments are closed.
ABC News’ Trevor Ault looks at the student loan debt crisis and asks financial experts the tough question: Is college still worth it?
Comments are closed.
How can FAFSA allow folks to take out $100k in debt unless they are a doctor?
I have paid back my $65k of student loan debt. It was such a big relief to be rid of it. College is definitely too expensive. It's even more expensive now than when I was in college. I think the main issue is that college is too expensive. College tuition goes up too much every year.
Wonderful good Will gesture!
Debt Jubilee
Person with a High School Diploma vs. College Graduate. Who stands a better chance at finding a job? Who stands a better chance at getting a higher wage? Why is student loan debt the "chosen" debt to paid for? The single mother who only has a high school diploma, who lost her low wage job, and ran up credit card debt to pay for necessities for her family is more deserving of having her debt paid off first
Can someone explain to me where all the money has gone? My mom made $80,000/year for L’Oréal. She got laid off in 2011. L’Oréal is still a very wealthy company. Where is the money? Why does it feel like every industry is broke? It makes no sense to me. WHERE IS THE MONEY?
In 2016, I graduated with my Bachelor’s degree in criminal justice from a public university. I
Although I am not working in the field, I do not have student loans debt. Moral of the story, please do not choose to go to a private college. Please consider state schools and community colleges.
Yes!!!!!
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The loans are voidable when is an attorney going go solve this?
Student loan lenders were misleading by calling the loans a “federal” student loan when in fact most loans are presented as one loan but they are several…a mix of federal and private. Many of us see 5 or more loans only after investigating. The names of the lenders are almost impossible to find. Why are they hiding? Many of these banks and lenders would refuse a loan to the same students because of no credit or bad credit so what is the reason for approving a student loan? Why are American students paying interest on student loans and why are private lenders jumping to loan money to broke students?Why are universities so expensive? Many universities are sitting on enough wealth to give free tuition for 30 years. We are taxed heavily where does the money go? The military? The loans are dishonest and should be voidable? A group of attorneys should take this on and use Noam Chomsky as an advisor.
What college did everyone go to? Represent!!
Bowling Green State University, Class of 2019
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The professors can't be paid THAT much to necessitate such a high price tag. Especially not if they're teaching in the range of 50 to 200 students at one time. This is just ridiculous. I'm currently attending a community college in my area that is VERY fairly priced, but I'm somewhat worried about transferring even to a public institution. I understand if the college needs the money for building new complexes, computer labs, etc. but most often that is NOT what they're doing. Where, then, is this money going?! Why does it cost an arm and a leg to go to college now when it was affordable for just about everyone in the '80's? Why does it have to be my generation??
I paid off my student loans before I graduated bc i took on a full time job while attending classes at night, it was seriously hard and people asked my why am I doing this but I just want the burden to be gone. I graduated during this pandemic but im glad I took care of my all my debt, I want to say I was the lucky one who got away with the skin of my teeth
Student loan is scary. Anyone who have people sponsored him/her during the school should be grateful for that.
College is not worth it
Huh?
Join the military…
I have 46k and no degree and work a minimum wage job living paycheck to paycheck and can’t finish my degree because I can’t pass math.
Soon the loan sharks are gonna regret doing these scemes, education and health for the sole purpose of profit, because the world will be needing more graduates, quality graduates, quality healthy humans, for what's coming
COLLEGE IS A SCAM! Good luck you guys… you're gonna need it. College isn't all fun and games.
*Laughs in West Point *
Universities and loan servicers taking advantage of poor young people who want to better their lives. And it starts when they're 18. Basically still children!
READ THE BIBLE Brothers and Sisters!
Repent and trust, believe, and accept Jesus Christ as your Lord and Savior so that you can be saved from your sins and have everlasting life and inherit the kingdom of God.
John 3:16 (KJV)
16 For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.
John 14:6 King James Version (KJV)
6 Jesus saith unto him, I am the way, the truth, and the life: no man cometh unto the Father, but by me.
Romans 10:9-10 ESV
Because, if you confess with your mouth that Jesus is Lord and believe in your heart that God raised him from the dead, you will be saved. For with the heart one believes and is justified, and with the mouth one confesses and is saved.
Acts 2:38-39 ESV
And Peter said to them, “Repent and be baptized every one of you in the name of Jesus Christ for the forgiveness of your sins, and you will receive the gift of the Holy Spirit. For the promise is for you and for your children and for all who are far off, everyone whom the Lord our God calls to himself.”
Acts 16:31
They said, "Believe in the Lord Jesus, and you will be saved, you and your household."
Romans 10:13-15 (KJV)
13 For whosoever shall call upon the name of the Lord shall be saved.
1 Corinthians 6:9-10 (KJV)
9 Know ye not that the unrighteous shall not inherit the kingdom of God? Be not deceived: neither fornicators, nor idolaters, nor adulterers, nor effeminate, nor abusers of themselves with mankind,
10 Nor thieves, nor covetous, nor drunkards, nor revilers, nor extortioners, shall inherit the kingdom of God.
Revelation 21:8 (KJV)
8 But the fearful, and unbelieving, and the abominable, and murderers, and whoremongers, and sorcerers, and idolaters, and all liars, shall have their part in the lake which burneth with fire and brimstone: which is the second death.
Matthew 24:6-7 King James Version (KJV)
6 And ye shall hear of wars and rumours of wars: see that ye be not troubled: for all these things must come to pass, but the end is not yet.
7 For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.
1 Thessalonians 5:3
While people are saying, "Peace and safety," destruction will come on them suddenly, as labor pains on a pregnant woman, and they will not escape.
Luke 21:11 King James Version
11 And great earthquakes shall be in divers places, and famines, and pestilences; and fearful sights and great signs shall there be from heaven.
Matthew 24:14
And this gospel of the kingdom will be proclaimed throughout the whole world as a testimony to all nations, and then the end will come.
Revelation 1:7
Behold, he is coming with the clouds, and every eye will see him, even those who pierced him, and all tribes of the earth will wail on account of him. Even so. Amen.
Matthew 24:44
Therefore you also must be ready, for the Son of Man is coming at an hour you do not expect.
Philippians 2:10-11 King James Version (KJV)
10 That at the name of Jesus every knee should bow, of things in heaven, and things in earth, and things under the earth;
11 And that every tongue should confess that Jesus Christ is Lord, to the glory of God the Father.
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I graduated college with a degree it's useless all of those colleges need to be burned down
Please seek Jesus, he is waiting for you :).
It boils down to what you are majoring in. Of course college isn't worth the debt if your majoring in interior design, art, underwater basket weaving, etc. Unless you want to be a teacher, doctor, or have a STEM type job, don't take on a butt load of debt by going to college.
Ya sure look into making change to the system for those in the future. But if you signed the line you owe the money.
There is no student debt crisis plain and simple. People know what they are signing up for when they go to colleges that are $50k a year. They would rather look cool putting their college in their insta bio or get to drink and party. Than do it the smart way and save money. I went to college and came out debt free because I first went to community college then transferred to a state college and commuted there instead of staying on campus. During college I worked at ups who offered $5,250 a year in tuition reimbursement. Yeah this isn’t the fun way but it’s the financially smart way. Don’t complain about something you signed up for. If you don’t want debt do it the smart way.
YouTube Jay Skreetz God Bless
Bruh she just admitted to committing fraud.
I see that the facts were there, that people of color seem not to see the returns they should even with a degree, my question is , why? If the facts are there, why aren’t we trying to figure out what makes this so significant??
Why would anyone in there right mind go to college
I’m 21 and didn’t go to college, somewhat glad I didn’t .Work smarter not harder.
Its crippling!!!! Students beware its PLUS INTEREST!!!!! It does not go away, you can be successful without college🤷🏽♀️🤷🏽♀️🤷🏽♀️
If students go to college are they getting a job or they staying home because of the Corona virus😷
4:14
Nobody is mentoring these young people about this.
That's the problem. Even when I was in University.
They're not even keeping up with what's in the Job Markets either.
It's just people at the register. Taking their Loan Money.
And if you have personal problems on top of that: Good Luck getting any sympathy.
It didn't happen for me either.