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EXCL: Education minister defends student loan system, despite high interest rates ADDING debt to some, over and above repayments. Figures show £15bn in interest was added to student loans in England last year while just £5bn was paid back. Jacqui Smith tells LBC it’s ‘fair’.

Fraser Knight

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23,374 views • 6 months ago •via X (Twitter)

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"I'm fighting a losing battle against the interest.. it wasn't what we were sold when we took out the loan" Last year Katie paid £2,038 towards her student debt while the interest added was £3,445. And what does the govt say about the scandal of student loans? "tough choices"

"I'm fighting a losing battle against the interest.. it wasn't what we were sold when we took out the loan" Last year Katie paid £2,038 towards her student debt while the interest added was £3,445. And what does the govt say about the scandal of student loans? "tough choices"

Saul Staniforth

30,063 views • 6 months ago

American has $197,000 in student loans The interest rate is 5.12%, which means she is accruing about $10,086 of interest every single year on her student loans That’s $840 a month just in interest just to break even without paying anything on the loan “It feels so crushing” Student loans in America are predatory. Americans cannot pay these back and they’ll be trapped in debt forever

American has $197,000 in student loans The interest rate is 5.12%, which means she is accruing about $10,086 of interest every single year on her student loans That’s $840 a month just in interest just to break even without paying anything on the loan “It feels so crushing” Student loans in America are predatory. Americans cannot pay these back and they’ll be trapped in debt forever

Wall Street Apes

80,639 views • 4 months ago

American healthcare worker says she has $105,309.76 of student loan debt Between her loans she’s accruing roughly $464 in interest debt alone every single month If she was to pay $1,000 per month, it would still take her 10 years to pay off this loan. Even at a $1,000 per month payment she would pay roughly $51,000 just in interest This is predatory lending. This is a scam

American healthcare worker says she has $105,309.76 of student loan debt Between her loans she’s accruing roughly $464 in interest debt alone every single month If she was to pay $1,000 per month, it would still take her 10 years to pay off this loan. Even at a $1,000 per month payment she would pay roughly $51,000 just in interest This is predatory lending. This is a scam

Wall Street Apes

241,600 views • 4 months ago

I don’t have much of a sympathetic ear for people with student loans debt but this one hits a little different, she borrowed just north of $96 K she has paid just north of $165 K and still owes north of $220K, she applied for student loan forgiveness eight times and was denied all eight, somehow unbeknownst to her the loan ended up in forbearance, because of glitches the Department of Education cannot seem to figure out she is stuck in this never-ending cycle of interest compiling nonsense, meanwhile the debt total climbed to $222K. .Secretary Linda McMahon

I don’t have much of a sympathetic ear for people with student loans debt but this one hits a little different, she borrowed just north of $96 K she has paid just north of $165 K and still owes north of $220K, she applied for student loan forgiveness eight times and was denied all eight, somehow unbeknownst to her the loan ended up in forbearance, because of glitches the Department of Education cannot seem to figure out she is stuck in this never-ending cycle of interest compiling nonsense, meanwhile the debt total climbed to $222K. .Secretary Linda McMahon

𝓜𝓐𝓖𝓐 𝕏 𝓣𝓘𝓜𝓔𝓢 𝓓𝓐𝓘𝓛𝓨 𝓝𝓔𝓦𝓢🇺🇸

17,741 views • 3 months ago

The interest terms on student loans should be federally illegal - American shows you can’t pay any loan principal until you pay the accrued interest first - Accrued interest is $771.71 per month - After payments she’s still already accumulated $5,000 in interest since taking out the loan - So she would have to pay the full $5,000 and then the $771 in monthly interest before ever being able to pay on the principal - This will be roughly $9,252 just in interest every year added This is criminal. Americans can never escape these payments

The interest terms on student loans should be federally illegal - American shows you can’t pay any loan principal until you pay the accrued interest first - Accrued interest is $771.71 per month - After payments she’s still already accumulated $5,000 in interest since taking out the loan - So she would have to pay the full $5,000 and then the $771 in monthly interest before ever being able to pay on the principal - This will be roughly $9,252 just in interest every year added This is criminal. Americans can never escape these payments

Wall Street Apes

113,698 views • 10 months ago

Dave Ramsey couldn’t believe this couple was drowning in over $800,000 of debt and loans. Caller: “my husband and I have just under $1 Million in debt and we want to know how to get debt free without filing bankruptcy” Caller: Mortgage = $210,000 Student Loans = $335,000 Credit card loans= $136,000 Car Loans = $35,000 Personal loans = $44,000 Dave Ramsey: “What in the world!”

Dave Ramsey couldn’t believe this couple was drowning in over $800,000 of debt and loans. Caller: “my husband and I have just under $1 Million in debt and we want to know how to get debt free without filing bankruptcy” Caller: Mortgage = $210,000 Student Loans = $335,000 Credit card loans= $136,000 Car Loans = $35,000 Personal loans = $44,000 Dave Ramsey: “What in the world!”

Percy

175,160 views • 2 months ago

🚨 PA STUDENT SHOCKED TO REALIZE HER STUDENT LOANS WERE NEVER MEANT TO BE PAID OFF An American physician assistant student called in about her loans… and froze. Her debt racks up $30 in interest EVERY DAY. That’s roughly $900 a month gone before a single dollar even touches the balance. She pays nearly $1,000 a month, and the loan barely moves. There’s no option to pay principal first. No pause. No finish line. She’s not behind on payments, and she’s not irresponsible. This is the system working exactly as designed. So is this student aid… or a financial life sentence?

🚨 PA STUDENT SHOCKED TO REALIZE HER STUDENT LOANS WERE NEVER MEANT TO BE PAID OFF An American physician assistant student called in about her loans… and froze. Her debt racks up $30 in interest EVERY DAY. That’s roughly $900 a month gone before a single dollar even touches the balance. She pays nearly $1,000 a month, and the loan barely moves. There’s no option to pay principal first. No pause. No finish line. She’s not behind on payments, and she’s not irresponsible. This is the system working exactly as designed. So is this student aid… or a financial life sentence?

HustleBitch

43,664 views • 7 months ago

Labour brought in tuition fees. The Conservatives tripled them. The result is a generation of doctors starting work with £100,000+ of debt hanging over them. Interest rates are so high on Plan 2 loans that balances can grow even while repayments are being made. I went to state school. I was the first from my family to study medicine. I graduated with around £75,000 of student debt. I’ve been paying it back for years. Despite that, I now owe around £90,000 due to astronomically high interest rates on the Plan 2 loans. That is not a system built on fairness. It is a system that traps people in decades of repayments for choosing a public service profession. Medicine already demands years of training, antisocial hours, and delayed earning potential. Adding six figure debt on top of that tilts the scales even further against anyone without a privileged financial background. If you come from a working-class background, the message is clear: you can come in, but you will carry the financial burden for decades. This policy restricts social mobility. It entrenches inequality. And it weighs down an entire generation of graduates before their careers have even properly begun. The system must change.

Labour brought in tuition fees. The Conservatives tripled them. The result is a generation of doctors starting work with £100,000+ of debt hanging over them. Interest rates are so high on Plan 2 loans that balances can grow even while repayments are being made. I went to state school. I was the first from my family to study medicine. I graduated with around £75,000 of student debt. I’ve been paying it back for years. Despite that, I now owe around £90,000 due to astronomically high interest rates on the Plan 2 loans. That is not a system built on fairness. It is a system that traps people in decades of repayments for choosing a public service profession. Medicine already demands years of training, antisocial hours, and delayed earning potential. Adding six figure debt on top of that tilts the scales even further against anyone without a privileged financial background. If you come from a working-class background, the message is clear: you can come in, but you will carry the financial burden for decades. This policy restricts social mobility. It entrenches inequality. And it weighs down an entire generation of graduates before their careers have even properly begun. The system must change.

Dr Haseena Wazir

66,808 views • 5 months ago

Dave Ramsey advises a guy that amassed a $430,000 student loan and eventually failed out from medical school. “I have about $430,000 in student loans. I was in medical school, I failed and recently got dismissed” “So right now I have the debt but no degree that I was planning to use to pay that back”

Dave Ramsey advises a guy that amassed a $430,000 student loan and eventually failed out from medical school. “I have about $430,000 in student loans. I was in medical school, I failed and recently got dismissed” “So right now I have the debt but no degree that I was planning to use to pay that back”

Percy

254,729 views • 2 months ago

Caller: “My wife and I have about $2.3M in debt, but it’s all low interest. Mortgage, rental property, student loans, car loan. We make about $1.5M a year, and our net worth is around $5.2M . I’m wondering if we should just invest instead of rushing to pay it off.” Dave Ramsey: “Hold on. Break that down for me.” Caller: “$2M on our primary home at 2.4%, $250K rental at 3%, $80K student loans at 1.6%, and a $40K car loan at 4%.” Dave Ramsey: “So you’re looking at it like, ‘why pay 2% when I can earn 4% in the market?’” “That’s the mistake. You’re treating it like math only. Debt isn’t just interest rates. Debt is risk.” “The more you stack it up, even when it’s cheap, the more exposed you are when life changes.”

Caller: “My wife and I have about $2.3M in debt, but it’s all low interest. Mortgage, rental property, student loans, car loan. We make about $1.5M a year, and our net worth is around $5.2M . I’m wondering if we should just invest instead of rushing to pay it off.” Dave Ramsey: “Hold on. Break that down for me.” Caller: “$2M on our primary home at 2.4%, $250K rental at 3%, $80K student loans at 1.6%, and a $40K car loan at 4%.” Dave Ramsey: “So you’re looking at it like, ‘why pay 2% when I can earn 4% in the market?’” “That’s the mistake. You’re treating it like math only. Debt isn’t just interest rates. Debt is risk.” “The more you stack it up, even when it’s cheap, the more exposed you are when life changes.”

KΞRL_✂️

2,024,504 views • 2 months ago

Every day, students look for ways to stay in school and keep their dreams alive Now, there’s real help The NELFUND Student Loan portal is open for verified students in public tertiary institutions Get interest-free tuition loans and upkeep allowances (paid while school’s in session). Repayment starts 2 years after NYSC

Every day, students look for ways to stay in school and keep their dreams alive Now, there’s real help The NELFUND Student Loan portal is open for verified students in public tertiary institutions Get interest-free tuition loans and upkeep allowances (paid while school’s in session). Repayment starts 2 years after NYSC

NELFUND

239,155 views • 9 months ago

Sallie Mae is a student loan company American shows a $40k dollar student loan payback amount turns into $118,305.59 You pay over $77k dollars just in interest. This is pure insanity and interest terms like this be federally illegal “Sallie Mae really got me out here fighting for my LIFE over a $40K loan that turned into $120K — The fact that for financing the money they want $77,383.59 is asinine. Now back in my day when I was in college, I don't even think I paid that much for the four years I went. So to think they should get that for one year of schooling is insane.”

Sallie Mae is a student loan company American shows a $40k dollar student loan payback amount turns into $118,305.59 You pay over $77k dollars just in interest. This is pure insanity and interest terms like this be federally illegal “Sallie Mae really got me out here fighting for my LIFE over a $40K loan that turned into $120K — The fact that for financing the money they want $77,383.59 is asinine. Now back in my day when I was in college, I don't even think I paid that much for the four years I went. So to think they should get that for one year of schooling is insane.”

Wall Street Apes

5,798,632 views • 1 year ago

A guy graduates with student loans and lands a job as a sales rep at a tile store, making around $4–6K a month. When repayment starts, instead of paying his loans directly, he decides to put them on a credit card to “buy some time.” Months later, he realizes what he’s done; his student loan interest was between 4–10%, but now he’s dealing with credit card interest climbing into the high 20s or even 30's. This is how small financial misunderstandings turn into big problems. Credit cards aren’t a safety net; they’re one of the most expensive ways to carry debt if you don’t pay them off immediately. Swapping lower-interest debt for higher-interest debt is basically moving backward financially. Do you think schools should require basic financial education before graduation, or is this something people should be expected to learn on their own?

A guy graduates with student loans and lands a job as a sales rep at a tile store, making around $4–6K a month. When repayment starts, instead of paying his loans directly, he decides to put them on a credit card to “buy some time.” Months later, he realizes what he’s done; his student loan interest was between 4–10%, but now he’s dealing with credit card interest climbing into the high 20s or even 30's. This is how small financial misunderstandings turn into big problems. Credit cards aren’t a safety net; they’re one of the most expensive ways to carry debt if you don’t pay them off immediately. Swapping lower-interest debt for higher-interest debt is basically moving backward financially. Do you think schools should require basic financial education before graduation, or is this something people should be expected to learn on their own?

Dr.L

182,106 views • 3 months ago

American just called to check on her student loans She was told she is accumulating $30 of interest a day, that’s $900 per month just in interest At $30 a day interest and her current payment the balance will ever only go up. This is criminal “So I could pay a thousand dollars a month and only 10% of that is going to my principal. And there is no option for me, according to her, to pay like each payment part of the principal, part of the interest. No, it all goes towards interest until you have no interest left, which will basically never happen. As I'm occurring. $30 a day, it doesn't take a day off” It’s not that Americans aren’t paying their student loans, it’s that they can literally NEVER pay them off with these predatory loan traps

American just called to check on her student loans She was told she is accumulating $30 of interest a day, that’s $900 per month just in interest At $30 a day interest and her current payment the balance will ever only go up. This is criminal “So I could pay a thousand dollars a month and only 10% of that is going to my principal. And there is no option for me, according to her, to pay like each payment part of the principal, part of the interest. No, it all goes towards interest until you have no interest left, which will basically never happen. As I'm occurring. $30 a day, it doesn't take a day off” It’s not that Americans aren’t paying their student loans, it’s that they can literally NEVER pay them off with these predatory loan traps

Wall Street Apes

2,697,974 views • 1 year ago

Senator John Kennedy defends central banks, defends the Federal Reserve and says Jerome Powell should not be fired “I think the Federal Reserve should be independent. In some countries the central bank is not and their economy pays the price” “Talk to us about Jerome Powell. Should the president fire him?” “I think it would crash the stock market and it would crash the bond market and it would cause interest rates to rise” The Federal Reserve should be ended, central banks should be kicked out of America and Jerome Powell should be fired America needs to paying interest on money we print ourselves and kick central banks out of America, which are nothing but debt slavery instruments committing Usery 24/7 against all Americans Only a debt slavery system would allow compounding interest rates on home loans so high if you purchase a home, after 30 years you’ve paid so much in interest you’ve paid double for the home. Thats our system, that’s central banks

Senator John Kennedy defends central banks, defends the Federal Reserve and says Jerome Powell should not be fired “I think the Federal Reserve should be independent. In some countries the central bank is not and their economy pays the price” “Talk to us about Jerome Powell. Should the president fire him?” “I think it would crash the stock market and it would crash the bond market and it would cause interest rates to rise” The Federal Reserve should be ended, central banks should be kicked out of America and Jerome Powell should be fired America needs to paying interest on money we print ourselves and kick central banks out of America, which are nothing but debt slavery instruments committing Usery 24/7 against all Americans Only a debt slavery system would allow compounding interest rates on home loans so high if you purchase a home, after 30 years you’ve paid so much in interest you’ve paid double for the home. Thats our system, that’s central banks

Wall Street Apes

62,717 views • 1 year ago

Rep. Jim Clyburn needs a basic lesson in economics. Clyburn: “What has happened in the last four years on student debt for instance. Joe Biden has eliminated…over $60 billion for people saddled with student loan debt.” Neil Cavuto “Who’s paying for that Congressman?” Clyburn: “What do you mean who’s paying for it!” Cavuto: “Who’s paying for that debt relief?” Clyburn: “Nobody is paying for that relief! This is interest! This is not the principal. The principal was paid back a long, long time ago.”

Rep. Jim Clyburn needs a basic lesson in economics. Clyburn: “What has happened in the last four years on student debt for instance. Joe Biden has eliminated…over $60 billion for people saddled with student loan debt.” Neil Cavuto “Who’s paying for that Congressman?” Clyburn: “What do you mean who’s paying for it!” Cavuto: “Who’s paying for that debt relief?” Clyburn: “Nobody is paying for that relief! This is interest! This is not the principal. The principal was paid back a long, long time ago.”

Ian Miles Cheong

1,673,985 views • 2 years ago

American took out a student loan - She borrowed under $28k - She’s paid back $38k - Her current balance owed is $58k - That’s $68k of interest on a $28k loan (so far) I don’t care what anyone says, this is criminal. Interest terms like this need to be illegal “I have been paying on my student loan since 2008. I have never been delinquent. I have never missed a payment and I've always made the payment that is requested and even I've made additional payments or sometimes more than my payment.” “I graduated college — with a little under $28,000 in student loans. I, to date, have paid $37,000 back to my student loans since 2008, but I still owe like $58,000. The math isn't math-ing. I'm not great at math, but the math isn't math-ing there.” Americans have no chance of ever paying back these predatory loans

American took out a student loan - She borrowed under $28k - She’s paid back $38k - Her current balance owed is $58k - That’s $68k of interest on a $28k loan (so far) I don’t care what anyone says, this is criminal. Interest terms like this need to be illegal “I have been paying on my student loan since 2008. I have never been delinquent. I have never missed a payment and I've always made the payment that is requested and even I've made additional payments or sometimes more than my payment.” “I graduated college — with a little under $28,000 in student loans. I, to date, have paid $37,000 back to my student loans since 2008, but I still owe like $58,000. The math isn't math-ing. I'm not great at math, but the math isn't math-ing there.” Americans have no chance of ever paying back these predatory loans

Wall Street Apes

7,864,265 views • 1 year ago

American breaks down her student loan debt and shows how loan companies are hiding the real interest charged - She borrowed $46,280 - She now owes $101,406 - The loan website deceptively puts she’s only paying $18,889 in interest but that’s clearly a lie - If you click on the little (?) on the website it shows that they’re adding even more interest in the principal section How can a $46k student loan turn into $101,406… this is outright Usury and should be federally illegal “I am almost 40 years old. I could pay on that for the rest of my life and never pay it off. And that's the con. That's the goal. They never wanted people to pay off their student loans. They wanted a constant supply of passive income for the government.”

American breaks down her student loan debt and shows how loan companies are hiding the real interest charged - She borrowed $46,280 - She now owes $101,406 - The loan website deceptively puts she’s only paying $18,889 in interest but that’s clearly a lie - If you click on the little (?) on the website it shows that they’re adding even more interest in the principal section How can a $46k student loan turn into $101,406… this is outright Usury and should be federally illegal “I am almost 40 years old. I could pay on that for the rest of my life and never pay it off. And that's the con. That's the goal. They never wanted people to pay off their student loans. They wanted a constant supply of passive income for the government.”

Wall Street Apes

284,012 views • 11 months ago

This tour enter liberal feminists call Trump supporters “uneducated” while racking up $100,000 a year in student loan debt. She argues that education should be free and is sad that she will have to pay back. Now tell me, who is uneducated?

This tour enter liberal feminists call Trump supporters “uneducated” while racking up $100,000 a year in student loan debt. She argues that education should be free and is sad that she will have to pay back. Now tell me, who is uneducated?

LetsGoBFLO

44,608 views • 7 months ago

Jerome Powell's high interest rates mean high mortgage rates, which means homeownership is out of reach, which means couples delay marriage and having children all because the Fed refuses to lower interest rates. The last time rates were this high, inflation was 6.5%. Today, inflation is 1.9%. Why haven’t rates come down? When my dad was growing up in the 1960s, 50% of 30-year-olds were married *and* owned a home. Today, only 15% are married and own a home. That’s the most important—and the most depressing—economic statistic in America.

Jerome Powell's high interest rates mean high mortgage rates, which means homeownership is out of reach, which means couples delay marriage and having children all because the Fed refuses to lower interest rates. The last time rates were this high, inflation was 6.5%. Today, inflation is 1.9%. Why haven’t rates come down? When my dad was growing up in the 1960s, 50% of 30-year-olds were married and owned a home. Today, only 15% are married and own a home. That’s the most important—and the most depressing—economic statistic in America.

James Fishback

22,106 views • 11 months ago