Adam Ruins Everything - How College Loans Got So Evil | truTV

Student loans are leaving millions of Americans with really bad hangovers.

About Adam Ruins Everything:
In Adam Ruins Everything, host Adam Conover employs a combination of comedy, history and science to dispel widespread misconceptions about everything we take for granted. A blend of entertainment and enlightenment, Adam Ruins Everything is like that friend who knows a little bit too much about everything and is going to tell you about it... whether you like it or not. 

About truTV:
Seen across multiple platforms in 90 million households, truTV delivers a fresh and unexpected take on comedy with such popular original series as Impractical Jokers, Billy on the Street, The Carbonaro Effect, Adam Ruins Everything, Hack My Life and Fameless, as well as the original scripted comedy Those Who Can’t. The fun doesn’t stop there. truTV is also a partner in airing the NCAA Division I Men’s Basketball Championship.

Adam Ruins Everything - How College Loans Got So Evil | truTV

[mdavies]

Adam, I'm shocked that you didn't touch on the fact that colleges, due to the easy availability of student loans for everyone, have steadily increased their tuition to take advantage of all the readily available funds (and in some case lowered their admittance standards to allow more students to attend, increasing their income further... made even easier once they could run online classes where they were no longer even restricted by physical space). This in turn encouraged the government to allow higher loan limits to cover the growing tuitions... and the vicious cycle continues.

[mcrichards]

Department of Justice: “We take loan sharking very seriously.’

Sallie Mae: *laughs in Satan*

[rynothealbinoryno]

"Let me tell you about a few things you can do..." Shucks, I really wanted to hear the rest of that.

[Clawsome-Clips]

To this day I will never regret going to community college. On my way to a second degree and I'm debt free! If I had gone to a university, I would probably be in debt way over my head and no job guarantee. Our education system needs to change!

[radiofreeplatypus]

Now do an episode explaining how many employers are requiring a college degree for positions where one isn't really necessary at all.

[jimmymapes]

This only explains part of the problem. Because it's so easy to get student loans, universities hike their tuition at 6 times the rate of inflation.

[bicyclist]

I hope lots of teenagers see this video before they go to College. I wish I'd known all this back in the 90's. This show is a very powerful public service. Thank you.

[TM-dfqv]

You should do a video on how colleges took huge multi-million dollar subsidy checks from the government and, instead of using it to keep tuition low, they built stadiums, on-campus residences, started useless programs and classes, and boosted the salaries of admin personnel, and when the money ran out, they now had all this new crap to pay for and no subsidy left so they put the burden on the student’s wallets. The loans are not inherently evil, that which caused the need for such loans are.

[Badbiatch-ywui]

The student loan industry is so predatory, and the fact that it can even be termed as an industry is scary. My parents lost everything after my father was injured in a work accident because when he won his workman's comp settlement, the loan company that held my mother's student loan debt were able to take the majority of the settlement before my parents even received it, in spite of the bankruptcy they had filed, for a loan that my mother had before they had even MET. My father not only lost his career, but we lost our house and all of our possessions to sheriff sale, due to the student loan holders being able to avoid bankruptcy protection. We went, in one fell swoop, from a solidly middle class family to living below the poverty line. And my father spent the rest of his life having to work three jobs to support us in a halfway decent manner.

[NESherv]

How convenient that they decided to skip over the part where middle class students are denied financial aid because their parents make too much on paper but not enough in real life to be able to afford paying $60k a year.

[e]

I'm surprised Adam didn't mention the fact that Sallie Mae split most of it's fedral loan servicing into offshoot company Navient to essentially protect themselves. Glad I don't have loans with them but damn are they crooked.

[Frikken]

"That's a whole lotta pokemon go coins"

Hello fellow kids!

[HyperMushrambo]

This is literally me. I've been paying all I can afford on my student loans and I owe more now 5 years later than I did when I graduated.

[cymond]

Student loans are bad. Ok, yeah, but that's just the tip of the iceberg. You gotta talk about skyrocketing tuition, and how the easy availability of loans encourages schools to raise costs because they know students will still attend. It's a catch-22. You also need to talk about how employers expect everyone to have a degree, even when it isn't needed, which means that everyone needs a degree just to get an entry level job. Plus, in a society where nearly everyone goes to college, even the cashiers have bachelor's degrees, and are struggling to pay off their student loans. Oh yeah, and how many of the classes required for graduation are irrelevant to the intended career.

So in the end, we have people taking out loans, to pay for overpriced college tuition, so they can take classes that don't apply to their major, so they can get a degree, which isn't even needed to do the job.

The only way I see to fix this problem is to tear it all down, and rebuild it as a vocational-focused system.
And maybe we should stop thinking of higher-education as "basic education".

[AllenorLP]

Or you know... you could just nationalize 90% of the universities, so that Young people get a free education and can later repay their classes with taxes. no stress, no debt, and more people being able to get a higher education. Those that wish to put themselves into debt can still go to a private university...

[emmacat]

Colleges also have to stop making us take classes that have nothing to do with our major and career, or don't help us with real world skills.

[ReaverLordTonus]

Ok, new plan. Someone hack Sallie Mae and completely erase their records. $1.4 trillion in debt? Where? Can't say we owe it if there's no record of it. Wish it was that simple.

[NiceuRiceu]

*laughs in britis-*
Brexit: I'm going to stop you there

[lovetobe]

College tuition has grown to an outlandish rate. The only reason I left the east US to go to Utah for college is because it was a choice between the $15, 000 to $40, 000 a year for college or $6, 000 at a Utah college which has a well known and recognized program for my particular major. Because I had done everything I could to get scholarships though out high school, most of my school is covered so I just have to work to cover living expenses, which are much lower than the east US's living expenses, too! Almost done with college and loan free!

[pepperbob]

I love how predatory loans were characterized by a lady supplying a college party (mainly kids underaged) with alcohol and then duct taping the bottles to their hands. A really intresting double feature of college loans bad and college alcohol abuse bad