Voices of Debt – The Student Loan Crisis: Don’t Major in Debt

by Craig on 06/04/2015

The cost of college is skyrocketing. Student debt has exceeded One Billion Dollars. Student have borrowed more to pay for their college eduction than they can reasonably expect to payback….

{ 25 comments… read them below or add one }

Mathieu Brouillette April 6, 2015 at 12:06 am

I’m going to school to get a degree in construction management. Very good
field to go into right now, high demand. Starting salary is around $56,000
and I will be going $38,000 into debt. When I graduate I will live with my
parents for 2-3 years and pay off my loans completely and save up to buy a
house. Its really not that complicated. Just make sure you have a plan
before signing anything.

edit I April 3, 2015 at 11:17 am

I don’t think it’s a big of a crisis as people make it. I know everybody is
different, but in general, it’s simple. You can live with your parents for
a few years or cut down as much as possible..and just pay it off. You can
easily pay off within a year or a few years. Just read up on Dave Ramsey
baby steps. The problem is that your average person likes to live it up and
get into more debt. You can go out all of the time, buy the latest gadgets,
buy new car, and waste money, traveling…or you can attack the debt! Pay
it off within a year to 3 years..and your’e done. Then you don’t have to
walk around in life pondering if college is worth it. I always hear ppl
complaining about “is college worth it” and college debt…but nobody want
to complain about that new car, that new phone, that new this and that.
When you get a job, live like you never got that job. When you get a raise,
live like you never got a raised. If you don’t have to buy or pay for
something..then don’t! People complaining about college debt is like poor
people complaining about being poor and driving around in nice cars.

MrDemented669 April 2, 2015 at 5:16 am

it’s a choice
no one forced them to take a loan

jvolstad April 1, 2015 at 10:34 am

Join the military. Great educational benefits. 

Sergio Oropeza March 31, 2015 at 2:01 pm

I went to school for mechanical engineering while my other friends went in
for political science and art majors. At times, I would be jealous because
their HW was much easier than mine and I actually had to spend a ton of
time in the labs and studying. They were always watching netflixs or rarely
studying. Now, out of college. I make double their salary and they work two
jobs. I actually learned a lot in college and I’m happy I stuck to it.
Advice: if you’re going to go to college major in something that will teach
you ACTUAL tradeskills

John Herc March 20, 2015 at 4:53 pm

It’s all about passion in the end. If you love writing, go for it. If you
love science, go for it. Sometimes you don’t even need to go to college to
learn things, you just need to go after what you love. Read books,
research, do anything that correlates with what you will love to do. Don’t
be like the 95% of people who go to college just to go or just cuz there
parents told them to. 85% of Americans hate their jobs, but that doesn’t
have to be you. Who cares what others think or say about you that you’re
going to a community college or whatever because are they gonna be paying
your bills, No!!! Do what you love and success will follow and don’t be
afraid to fail. Failure is the stepping stone to success. Also, one last
thing is to be unrealistic, sometimes being realistic can pull you back
from doing what you want to do, there’s no need for that. Who cares what
others say. If you have a passion towards something , go for it. No one
needs to tell you what you’re gonna do, don’t rest assure on the approval
of others……. If you have a dream….Go for it….. Period

Saniat Sabbir March 20, 2015 at 4:39 am

I feel like sharing my story. I had a debt of 24000 dollars. After my
second year of University I was lucky to get a job at a financial
institution which guaranteed me set hours every week. I had to go part time
studies because full time studies was out of the question and since I had
to work particular hours in the middle of the day i could only do courses
taught in the evening. It took me 8-9 years to finally complete my honours
degree and I have paid off my debt in full. Dont owe a cent. It was
extremely hard work juggling my honours degree, making sure I do not flunk
and at the same time taking care of my job performance. My parents thought
that I took way too long to finish it but it was worth the wait because I
wanted to come out of university debt free. I am a free man now and I would
suggest everyone that if you can get a job then do it and juggle your
studies as well. Yes the road is tumultuous and long but in the end its
worth it. It teaches you to be resilient, tenacious and most of all you
become a human being who wears several hats everyday. I have my loan
payoff letter from OSAP (govt. loan in Canada) and the day I got that
letter was one of the happiest days of my life. I have actually framed it
(LOL I am crazy). I also have to thank my parents for supporting me
throughout. They now understand why did I take so long to graduate. I
fulfilled both of my goals successfully. I can relate to the anxieties the
people of this video are feeling. Good luck to all of you.

Vibhu Iyer March 9, 2015 at 11:11 am

seems like many of these kids chose useless majors….

TheDystopiaInside February 2, 2015 at 4:46 pm

I am SO lucky. I graduated in 2004, I had the the HOPE scholarship here in
Georgia and it paid for everything except books occasionally. I graduated
with no debt. But austerity measures has meant that my sister who just
graduated last year has over $30,000 in debt. What I got to do will
probably never happen again.

Funny thing was, my parents are fairly well off, neither went to college,
but contrary to most people’s experience — they did NOT encourage me to go
to college in the first place! I loved college, but really don’t think
it’s for everyone.

Royer de L'Isle January 30, 2015 at 10:51 am

I am in so much dept right now! 

EaglezFreak January 13, 2015 at 2:53 am

I want to major in Management Information Systems, will I get a job right
after graduation?

Rupert Bostrom January 9, 2015 at 1:32 pm

I don’t understand. I want to be a surgeon when I get older, and some of
the people here majored in biology. I thought that was a great major if
you’re going to be a surgeon? That sounded like the only great major
compared to art history and such. If biology is a dumb major..what do I
major in for medical school??

Angel Perez January 9, 2015 at 10:44 am

Can anyone explain to me what’s the difference between self taught vs
sitting in a class listening to a lecture and doing classes that has
nothing to do with your major

Bugoutsurvival1 December 13, 2014 at 12:22 pm

10:03 REALLY! “i read books i wouldn’t of been exposed to”

Bugoutsurvival1 December 13, 2014 at 12:12 pm

So many naive people in this video, The whole logic on
Universities/Colleges is fucking ludicrous, especially people who choose to
major in pointless subjects that will literally get you nowhere in terms of
the job market an in the current financial climate. 3:14 “I don’t know any
of this terminology” ect. ect. so many sheep who probably only want to go
to universities just because it’s deemed as “necessary” in order to be
successful and probably because their friends are going. I have no pity on
any of these people whatsoever, boo hoo you’re in debt, no one forced you
to sign up to 25+ years of debt slavery.

Omar Moodie December 11, 2014 at 7:07 pm

For the first time in my life I’m speechless.

Daniel Gießing November 29, 2014 at 9:15 am

We have just voted off the last 500 bugs that were needed to be paid each
semester like a year ago.
So universities are free 🙂
If you need to see the doctor, you don’t pay a bug. Even if you have
cancer, or something incredibly expensive to cure.
And Germany isn’t even the best country.
This is not communism. If you work in Germany you still get good money in
most jobs, even though we pay more taxes.
We just use our taxes properly.
America, don’t become Germany, or Finnland, or Denmark. But if we can do
it. Why can’t you?

P.S. Germany Bear drinking age: 16
P.S.S. Pretty much all of Europe: 18
Still less people die over hear since we don’t have guns.

Whatisright November 12, 2014 at 3:22 pm

I think we shouldn’t say they’re paying off a debt. they’re paying off
their major/degree. That’s what it is. And there’s no such thing as student
loan forgiveness. Someone is going to pay. And that someone would be me and
everyone else that works and avoided this. The responsibility would be
shifted from the borrower and placed on the tax payer. Hell no. Keep that
problem right were it should be. In the hands of these fine folks.

These videos make me angry when people make such horrible decisions and
then have the audacity to whine about it like it wasn’t their fault. But
they also make me so happy knowing that no matter how hard they cry,
they’re still going to have to grow a pair and starting handling this all
by themselves.

Kyrios-the Maxim November 8, 2014 at 8:08 am

To people complaining about liberal arts degrees, this video is not telling
you to avoid the liberal arts, it is telling you not to go into debt for
such a degree.

Joshua Jordison August 28, 2014 at 11:14 am

“I read books I wouldn’t have been exposed to”… probably the most
ridiculous justification I’ve ever heard for going to college.

Hermann Vru August 6, 2014 at 12:01 am

best advice ever: DO NOT GO TO COLLEGE. I love how they start this
‘documentary’ with negative consequences of going to school and having debt
but then out of nowhere they switch…. all the sudden they end with this
amazing positivity and saying dont major in debt!!! oh how great!!! Well
the reason you are in debt is because you went to college. Trust me you
will not find a job according to your degree unless you have great
connections, or mom & dad who will take care of these issues otherwise
forget it.. this is all a huge lie, brainwash.
My advice – you do not need college, if you want to learn something do your
own research, find your passion. College will not solve any of your
problems and it will not give a propose/meaning to your life and it will
not help you find you anything… it will ONLY make you to a SLAVE that will
be paying off that debt for 25years. This is modern day slavery. Even if
you are going your first semester of 4th year of your Bachelors, it is
still not too late to drop out and safe that last semester $… drop out if
you still can. 

luomio May 31, 2014 at 1:24 pm

Getting into student loan debt was the worst mistake I ever made.

Miles Coleman May 21, 2014 at 5:21 pm

It’s called community college. Literally splits your debt in half. 

MrCervantesent May 20, 2014 at 3:56 am

Time to live a life of crime. Who wants to join me? 

Naidene N. April 18, 2014 at 3:39 am

My mom better not get her hopes up I’m going back home to live with her
after I graduate. I won’t leave until I pay everything off.

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