I'm 59 and Still Owe $258,000 In Student Loans!

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[BarbellFinancial]

Trade school is looking real good these days. No shame in being a plumber or electrician with valuable skills.

[Sizukun]

When someone has 3 completely unrelated degrees, that should be a red flag that the only thing they're good at is attending class.

[mikekeenanphd]

"My credit report shows" "Is there any way I can make that go away" Was this caller serious?

[IvyPlans]

Master in accounting but did not know she owed $250, 000?

[lydialukes]

Sounds like this person was a professional student and then funded her kids to go to school because she couldn't save a fund for them or letting them not go to college till they could fund it themselves.

[EAAAA]

I live in MD not too far from Roanoke, VA. I have a bachelor's in accounting. $60k is the average pay for accounting positions in the DMV area. People keep telling me to go back to school for a master's in accounting. Put myself into about $80k in debt just to make 5-10k more than I am making now is the dumbest advise. I cringe when people keep pushing on me to go back to school. Mind your own business if you are not going to pay for my debt.

[Ant]

What’s most disturbing is this guy didn’t seem know he owed over a quarter million in student loans until he looked at his credit report.

[jannettehunter]

WOW!!! INSANE!!! We set up 529 college plans for our twins when they were babies. We started out with just $25 a month, increased it to $50 when they got into middle school, then $100 each when they got into high school. Well one twin decided not to go to college so we transferred his cash to his sister's account. We told our daughter up front to choose an "affordable" school... She did.... she is graduating this weekend with NO STUDENT LOAN DEBT (whew)!! It can be done folks!!!

[dougf]

These stories are mind-blowing. For decades we have preached that the way out of poverty is a college degree, but all these people borrow money to go to college, then don't uses their degrees, and go right back into the low earning trap their parents were in. Insanity.

[WatchMeLearnIt]

Tough situation. Unfortunately this should have been asked 20 years ago.

[RichardoBrit]

And suddenly, I feel like I’m doing okay

[mattm]

It's funny how she started off by saying "MY CREDIT REPORT says I have $258, 000 in student loans." At first I thought this was a mistake or identity theft. But it was actually just her trying to deflect her own culpability.

[jessicabrittany]

This person has no personal accountability. Blames degrees. Blames kids. Blames area they live in. Blames college institution. It's honestly just sad. 59 years old and still thinks like a child.

[B_Y]

It's absolutely insane that someone who makes 60k a year is allowed to take out six figures of parent plus loans just because they don't have an adverse credit history. Income should also be taken into consideration.

[alladreamwedreamed]

"I owe $258K in student loans, is there any way I can make that go away?"
😅😅 i fell off the chair laughing. Bro!!

[accrualworld]

CPA here. What Dave is saying about accounting is incorrect. Getting a masters in accounting won't get you 6 figures. Having a masters in accounting is pointless, unless you plan getting your CPA.

[FrankS]

“How can I make it go away?”

Yeah…..pay your damn bills!

[USMC]

Damn. When I start school this fall. I’m going to get over $170k tax free for the 36 months I’m in school. Thank you G.I Bill!

[jloop_]

I went to lineman school for 5 months. I paid 10k total for the school. My first job out of the gate I made 80k. Now I consistently hit over 6 figures easy each year. Its salt in the wound for my counterparts who spent their whole life in college and they cant make over 60k now. Yet, im the "uneducated" one. 😅

[Kysen]

This is the second call on this channel where a caller has gone deep into debt for a theology degree (worth as much as toilet paper). Basically starting her career at 59, no chance.