This Is Student Loan Forgiveness Dave Ramsey Can Get Behind

[Music] brought to you by the every dooll app start budgeting for free today in my entire life I have never thought until just a second that might be a student loan forgiveness program I could actually get behind I think millions of Americans would get behind it um I'm I'm 19 um I'll be a sophomore in college this fall um graciously through 529s the first two years of college will be paid for however my second two years of college will not be even with me living off campus for those last two years and paying for my own groc and stuff I'll still need about $48,000 uh to complete college and get my degree um as of now the option of in front of me is student debt but I've been listening to you for a while and I'm very anxious to do that I currently do not have any debt um I have a paid off car very reliable um I have no credit cards I have no other debt um however I recently just got in contact with a recruiter through my school for the Army National Guard and through the uh sixe contract I would be able to have um once I'm completed basic training and schooling for the job I would be able to leave College without any debt and I would be able to have a nice little chunk of change around 177,000 maybe more um leaving College in my bank account that I can just start my life yeah so the National Guard has a phenomenal program for students in your situation what's your what you what you stumbled into there was a goal mine yes uh it's an excellent excellent PR program and it's not going to be bad for you as a man at all to go through the whole process um and so uh I can't yes absolutely hands down go do that so okay the last time I looked at it we endorsed them for a while because they had like a like $10,000 cash at sign like a signing bonus that went towards tuition immediately is that it must be more than that now with what numbers you just gave me so um in one more detail uh basically I'd get a $7,500 signing bonus if I sign between October 1st and May 15th um that would be given to me um after I finish my job schooling um I would get $44,000 immediately as um Federal tuition assistance that's per year everything else of other but and it maxes out yeah so you got 7500 plus eight grand there yes sir yeah um and then I get 20 uh $20,000 per year for state tuition assistance after I've completed my uh basic training and job schooling that would right now if I'm trying to get the best or max out the benefits I would need to um basically slightly defer my spring semester this year of college um and that way I can do my basic training and schooling um without missing any more College that's kind of my only hold up I've been talking to my um college counselor and as long as I take one online class I can still be enrolled in my college so that should not be an issue perfect do that you're not I hate the word defer there I understand how they're using it but this is the no-brainer for you to to to do the one class stay eligible yeah you're come you're going to be 25 years old and have served in the National Guard and come out and have come out of college completely debt free okay great thank you guys this is uh we we've worked with these guys for years um I I I I think the numbers change from state to state if I recall in terms of what how much assistance they give and different things but the package they're offering you solid I mean you're looking at it and you're you're going this looks good you you're kind of almost like it's too good you're kind of worried right yes sir yeah I think the I think the downside is is you were going to be in the military that means they own your butt right yeah I don't have a problem with that my father was a um member of the Air Force so I have no issue serving my country at all the the only slight hold up I had is um my contract starts immediately when I signed like this October so I'll be done I'll be getting getting three years done on in college but the last three years I'll be doing while I'm while I have my career and I know legally jobs can't say no to hiring but I'm still just a little no we hire we hire folks we got several folks in the we just got an award from them for the our employees when they go out we pay them we keep paying them we we that's one way that we're show our patriotism here at ramsy so there's some jobs that not only that that are they go the other way like they're really proud to have you on yeah and proud that you're not here I mean some of our guys one of my Tech Guys the other day stepped out he was gone for a period of time with a guard and then came back and he and I were talking about it at lunch and uh but they came the other day and gave gave Ramsay an award for this for the number of times that we've supported our guard people when they go out and so yeah that's but there are there are actual Americans that are proud to support you and that own businesses out here like me right and so but yeah I I don't think it's a hold up they wouldn't hold that up a bit as long as you get the idea that you know you're not uh I hate the military but I'm doing this for the money I wouldn't do that right but I'm not hearing that at all with you you want to serve your country you're parent your dad was in the forces and so yeah I I Luke I think it's brilliant brilliant I'm totally signing on for this yeah I you know this is uh I'm not going to get into policy here but you know we've got this the the federal government DAV is in the banking business in the onerous Student Loan program and they you know certain administrations will make it a political football and yet not shut the program down but this to me there's something here and I I've long felt like we need some type of national service program whether it's in the military or something else and uh I love this option I wish more young people would do this to combat the rising tuition costs and not be stuck with generations of debt uh this is such a viable option and good because you become a part of something far bigger than yourself um I I love this program you know I until you said that just then in my entire life I have never thought until just this second that if you want your student loans forgiven that you go serve your country for a period of time and we will forgive some of them that might be a student loan forgiveness program I could actually get behind I think millions of Americans would get behind it I I would get behind it yeah but I'm sitting on my butt and I'm a victim right um and so you need to forgive my loans I'm I I really have trouble getting behind that one I don't like that one either I paid mine off you should pay yours yeah it's not fair yeah people like me finally get to say it's not fair you don't get to say that you're not allowed I know fair fair is where the tilt of whal is and the cotton candy so let me that's where fair is create your free every dooll budget today the simplest way to budget for your life