Student Debt Crisis: Examining The Cost Of Parent Plus Loans | NBC News NOW

35 thoughts on “Student Debt Crisis: Examining The Cost Of Parent Plus Loans | NBC News NOW”

1. I'm convinced that state schools and community schools are the way to go. The pickle I am in now is due to my naivety. My ex's new wife at the time, and my ex, played up a particular university out of state, to my child, which was a nice school of course, but at 40K a year. My child could have gone to another nice school, in-state, but would have only cost significantly less. My ex and I intended to split the tuition, on the upscale university, which we did. I would do anything in the world for my son. If he was convinced that this was the school that he needed to go to, then so be it, in my eyes, although we went on many a tour, and he would have been able to attend all, but one other college. I have clawed my way through much to care for him in any way that I possibly can. Unfortunately, me, not knowing the price of tea in China, and thinking all would be well. Here we are, 12 years down the road, and the payments keep going up and up. It's scary. I'm getting older, and worry about that loan more and more. I had no idea what I was getting myself into, but my ex's wife knew EXACTLY why she was pushing for the higher-priced school. I will not go into details, but she was determined to control the course of the future, unbeknownst to me. Her brother-in-law, married to her sister, a second marriage, did the same thing to his ex. He is a lawyer. I don't begrudge the education or the experience that my son was able to enjoy, and friendships made, due to attending this particular university, but 12 years down the road, and no relief in sight, has me stuck in places I don't want to be. I have no clue how this will work out. I'm going to apply for IDR, but, aside from lowering the payments; how can this change-of-status payment actually re-size the loan in my favor. What to do???? Any sound advice?? Thanks.

2. When you borrow you are taking the assets of another entity and increasing you potential earnings. Here I am a refugee from Mississippi, 79 years old and graduated from Mississippi State without debt paying every dime. My daughter graduated from Carolina Chapel Hill with no debt. If you borrow the money for college paid it back and if you borrow it from the government, you owe me some faction of t y our. Cost. Grow up and assume responsibility. People who don’t are free loaders who are to lazy or stupid to meet their responsibilities.

3. If you had to take out $100k in parent plus loans, your kid had no business going to that school.

4. I thought YouTube flags journalists and media outlets who provide false reports and inaccurate information?

5. Student financial aid is the biggest con job in the history of the world. It allowed colleges to monetize their tuition, inflating college costs on the backs of poor students. The sales pitch was go to college because the average college grad makes $1 million more then a high school grad over the course of a work life. it’s obvious that The formula didn’t work. Students are billions of dollars in debt and default. Governors across the nation were frustrated that college costs were rising faster than the inflation rate. All of the extra money went to professor salaries. The professors laughed all the way to the bank.

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7. My dad took out one of these loans for one of my first years in college. Thankfully it was nothing insane like the parents in the video—- but it still took him years to pay that off. My sister and I were the first ones in my family to go to college. We were all clueless about the loans. Both my parents said once I graduated I’d get a good paying job and could pay off those loans quickly. —- but between the interest and not even getting a stable job until FIVE years after graduation has been hard. Even now it’s hard to make a dent on payments due to the crazy interest. If I had known back then what I know now, I would not have gone. It wasn’t worth the debt.

8. BURN STUDENT AND MEDICAL DEBT 🔥 🔥 🔥

9. The terrible education system got us into this mess in the first place. The sooner we realize that the better we can learn and move on from it. Thank you.

10. why do we have to pay for stupid decisions by students? Forgive the debt and they declare bankruptcy. They need to figure out that college is one big rip off. Time for them do grow up and learn what it means to borrow money – you need to pay back what you borrow.

11. Can we all agree that government needs to stay away from student loans so that way these private loans can be more competitive and unfortunately have to say this but people need to not go to college if they can't afford it and didn't do good in high school.

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13. Corporations were given windfall Tax Cut savings which they lobbied for. Corporations leveraged themselves to the hilt through low interest money and are now being bailed out through more cheap money. Executives give themselves huge compensation and bonuses just before bankruptcies leaving the public on the hook for the company's failures. Do you think the system is working for you?

14. This was not helpful at all!!

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19. If college is too expensive, serve your four years in the military like a real man. Problem solved.

20. We are a lower-middle-income family and have made it clear to our kids since they were young that if they wanted to go to college they had to pay for it. Also, we will not be paying for anyone's weddings, don't come to us for a "loan" if you can't spend within your means, etc. If we choose to help them out that is our choice but do not expect it or feel entitled to it. We have a right to be able to retire one day if we live that long. Some may thank we are being mean but it's 2020, you are on your own but we will always emotionally give you support. They will probably live in our home for much longer than young adults used to and we pay for your food, keep a roof over your head utilities included, pay for life insurance, give you a car to drive and pay the insurance and provide health insurance until you are 26.

21. If you don’t understand the terms of the contract…don’t sign it.

22. This man is so correct about parents not signing student loans. I am still saddled with my daughter's college debt from one of these loans and the government is now taking it out of my Social Security checks – yes, I am retired and more than 20 years after my daughter graduated from college I am still saddled with this debt. What really irks me is that my daughter has been worked her entire career as a social worker – a much needed position in rural America, yet there is no relief from this monetary debt.

23. This was the worst decision I ever made. I advise everyone I know NOT to do it. Let them find a way if they really want to go. It is not worth taking this debt to your grave.

24. I cannot imagine a young adult of a child expecting their parents on the threshold of becoming a senior citizen to financially gut themselves out so they can go to college. That burden, that worry, that fear means their parents will literally have to work until the day they die, and somehow their kids want their signature.

25. On covid; US covid infected in America, 6 thousand, 344 thousand, 700. joe biden

    On US covid deaths; One thousand, one hundred eighty nine thousand 506. joe biden

26. 1. Go to your state university
    2. Go to your state medical/dental/law school
    3. Profit

27. Biden and harris promised free education for all, including those 20 million plus that they are giving amnesty to and to all that come here when they open up the borders. Time for free college, and defunding the police!!!!! Yep, and they are already putting people in place for gun control. This is going to be a fun ride.

28. There are so many college students that cannot find jobs after graduating, how do you expect them to pay back the loans? Adding to that, the rise of cost of living and property prices, make it even harder for them to start a family. It’s a real problem in many countries.

29. https://youtu.be/HzH4Y0RAcEI
    Covid-19 a year, abt conscience and unity…..have to solved same for get economy rise.

30. Retailers will have the worst season in 30+ years. Without a stimulus passed for the people. no money = no buyers. BLAME CONGRESS.

31. Covid 19 is politics playing medicine aka a hoax – Dr Roger Hodkinson (trained at UK Cambridge Uni)
    infowars.com

32. Education is a right not a privilege….

33. You can apply for fafsa and only use pell grants… be wise go to community college instead of universities. . Apply for scholarships.

34. Then Jesus said to the crowds and to his disciples: “The teachers of the law and the Pharisees sit in Moses’ seat. So you must be careful to do everything they tell you. But do not do what they do, for they do not practice what they preach. They tie up heavy, cumbersome loads and put them on other people’s shoulders, but they themselves are not willing to lift a finger to move them.
    Everything they do is done for people to see: They make their phylacteries wide and the tassels on their garments long; they love the place of honor at banquets and the most important seats in the synagogues; they love to be greeted with respect in the marketplaces and to be called ‘Rabbi’ by others.
    “But you are not to be called ‘Rabbi,’ for you have one Teacher, and you are all brothers. And do not call anyone on earth ‘father,’ for you have one Father, and he is in heaven. Nor are you to be called instructors, for you have one Instructor, the Messiah. The greatest among you will be your servant. For those who exalt themselves will be humbled, and those who humble themselves will be exalted".
    Matthew 23 NIV

    You shall not make for yourself an image in the form of anything, in Heaven above or in the Earth beneath, or in the waters below. You shall not bow down to them or worship them, for I the Lord your God am a jealous God, punishing the children for the sin of the parents up to the third and fourth generation of those who hate me, but showing love to a thousand generations of those who love me and keep my commandments.
    If my people who are called by my name, humble themselves and pray, AND TURN FROM THEIR WICKED WAYS, I will hear from Heaven, will forgive their sins, and will heal their land.

    And when you pray, do not be like the hypocrites, for they love to pray standing in the synagogues and on the street corners to be seen by others. Truly I tell you, they have received their reward in full. But when you pray, go into your room, close the door and pray to your Father, who is unseen. Then your Father, who sees what is done in secret, will reward you. And when you pray, do not keep on babbling like pagans, for they think they will be heard because of their many words. Do not be like them, for your Father knows what you need before you ask him.

    This, then, is how you should pray:

    Our Father in heaven,
    hallowed be your name,
    your kingdom come,
    your will be done,
    on earth as it is in heaven.
    Give us today our daily bread.
    And forgive us our debts,
    as we also have forgiven our debtors.
    And lead us not into temptation,
    but deliver us from the evil one.

    For if you forgive other people when they sin against you, your heavenly Father will also forgive you. But if you do not forgive others their sins, your Father will not forgive your sins.

    "Matthew 5-7 NIV Bible Gateway", we can use google search.
    These are the teachings,
    The Righteousness of our Lord Jesus Christ our God.
    REPENT, and start doing what is right.
    If you abide my teachings, you are really my disciples; then you will know the truth, and the truth will set you free.

    A time is coming and has now come, that the true worshipers will worship the Father in Spirit and Truth. God is Spirit, so his worshipers must worship in the Spirit and Truth; they are the kind of worshipers the Father seeks.

    In the New Heaven and New Earth,
    only Righteousness dwells.
    May the Spirit of our Lord Jesus Christ our God be with you all.

35. Thank you for spreading awareness.

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