A documentary about America’s Student Loan Crisis
This video was created merely to show my personal opinion of the United States public school system, their student loan crisis, and how they handle money education-wise. As you know, I am not the best writer in the world, and it shows in the video quality, but if we continue to try and fix our problems by giving the government even more control, we’ll never get out of debt. Don’t get me wrong, I love America, I just hate what the US Government controls, endangers, and takes advantage of its citizens. So, now that you know my opinion and thoughts regarding the US economy, U.S. government, and U.S. public schools, please let me know in the comments section below.
**Disclaimer**
The above videos were created solely for educational purposes and do not constitute medical advice. Any action should only be taken after consulting qualified health practitioners.
Student Loans Go
What does student loans do?
It is designed to make college affordable. When you borrow money from the government, you have to pay interest at certain rates. There are two types of student loans we use today. Federal Direct Student Loan, commonly known as FDL, has low interest rates (around 2%) while the PLUS loans have high interest rates (~8%). These loans serve three purposes. First they help the federal government finance higher education. Second, they help students finance their higher education. Third, they help parents finance their children’s university education.
Does student loan debt get discharged after bankruptcy?
Once you declare bankruptcy, any outstanding student loans will not be discharged. However, if you are able to show good financial management and manage your debts well, then you may qualify for a discharge. 3. How much does a person need to earn before they become eligible for a student loan?
The amount of income that qualifies a person for a student loan varies by lender. We recommend using our calculator on our website to determine whether or not you qualify for a particular type of loan. 4. Is it possible for me to eliminate my student loans?
Student loans are generally considered non-dischargeable as long as you are working towards paying them off. Eliminating your student loans requires careful budgeting and taking advantage of different programs offered by lenders.
Student Loans Go
Student loans go
I’ve been working towards my masters degree for about 4 years now. I started off at a community college and transferred to a university after 2 semesters. In the meantime while I was studying, I got a job at McDonald’s making $8 an hour plus tips. I worked there for almost 8 months straight without taking a single day off and saved up enough money to pay for school. After graduating from college, I landed a great job with an IT company making close to $50,000 a year. I’m still paying off my student loan debt from undergrad, as well as my graduate school debt. My parents have helped me out quite a bit, however they could only do so much.
Paying off student loans early
I know people who have paid off their student loan debt in less than 5 years. When I first started applying for jobs after graduation, I didn’t really think anything would happen. However, I sent around 60 applications without getting any replies or interviews. Then, I decided to apply online. About 10 days later, I had received over 100 applications with many of them coming from recruiters for companies that I had no idea existed before I applied. Once I did receive an interview, I went through some rigorous testing. After passing the test, I had to wait until the employer submitted my application to the Department of Education. A few weeks later, I finally started working full time at the company, which paid for my entire education.
Interest rates
Interest rates on federal student loans have increased substantially since 2010. Most private student loans don’t change interest rate unless you make late payments. If you default on these types of loans, you may face a higher variable interest rate. You should seek advice from a financial professional if you’re considering private student loans.
Finding scholarships
Scholarships are always a good way to gain additional funding. There are several websites that list scholarship opportunities including Fastweb.com. Scholarships vary in cost, amount, and length depending on your situation. However, there are two things you need to remember when searching for scholarships. First, look for scholarships under a certain grade level, so you don’t miss out on scholarships you qualify for. Second, look for scholarships for programs you want to take, not just ones that you need. For example, even though I wanted to study abroad, I couldn’t find any scholarships for internships abroad.
Saving money
You shouldn’t save all of your extra money, but rather spend it wisely. Donate to non-profit organizations. Volunteer your time to help others. Do something positive with your free time.
Student Loans Go
This video is about how student loans are going away! I get student loan debt at 18 years old and i never had time to make any extra money to pay off my tuition balance fast and simple because I was just trying to find a job. After paying my student loans for over four straight years of college, I realized I never got ahead financially. So I decided if everyone isn’t getting paid what they should, then someone won’t be paid either way. Student Loan Debt is horrible and I tried to fight back alone for almost 4 years. If I could go back to those days where I just wanted to work hard and do well in school, I would have fought harder for my rights. But now its not my choice anymore… Its their choice. Do you think someone will actually help me?
Do you want to know exactly how much debt you owe? Send me a message at www.studelyourdreams.com/contact-me
We can’t stop the government from spending money. We can only control how we spend our own money. What we put out into the world comes right back to us and determines the amount of wealth we’ll hold onto. The amount of money we produce is the difference between what we take in than what we spend.
Student Loans Go
This video was created as part of a project put together by the American Student Assistance Program (ASAP) in conjunction with StudentLoanJustice.org and produced by WNYC Studios. FindStudentLoansHelp.com is here to help answer any questions you have. You don’t have to face loans alone.
The Truth About “Student Loan Debt” | Mark Cuban & Dr. Robert Kiyosaki | Talks at Google
A few months ago, I spoke to students who wanted to know what they could do to pay off their student loans if they were having trouble. And since then, I’ve gotten hundreds and thousands of messages asking my advice about student debt. So we decided to produce a webinar series covering everything from the basics of credit cards to understanding your balance transfer offers. But first, let’s start with the big question…
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Related Links ▼
- Studentaid.gov/understand-aid/types/loans
- Salliemae.com/student-loans/
- Discover.com/student-loans/
- Nerdwallet.com/best/loans/student-loans/private-student-loans
- Money.usnews.com/loans/personal-loans/personal-loans-for-students
- Credible.com/blog/student-loans/personal-loans-for-students/
- Govloans.gov/categories/education-loans/
- Forbes.com/advisor/student-loans/best-private-student-loans/
- Navyfederal.org/loans-cards/student-loans.html
- Wellsfargo.com/goals-going-to-college/loan-options/
- Whitehouse.gov/briefing-room/statements-releases/2022/08/24/fact-sheet-president-biden-announces-student-loan-relief-for-borrowers-who-need-it-most/
- Ed.gov/category/keyword/federal-student-loans
- Myfedloan.org/
- Navient.com/
- Usa.gov/student-loans
