Dave Ramsey on College Planning

Dave Ramsey talks about college planning, paying off students loans and getting the degree debt free on Fox Business Networks "Money for Breakfast."

Category:

Education

Tags:

• Dave
• Ramsey
• College
• Planning
• 529
• Plan
• Finance
• Money
• Debt
• Total
• Makeover
• Live

[MrConservative608]

I believe if a student is paying for college with their own money and ahead of receiving their education, that student will care more about the quality of education. Because 60% of students are taking out loans that they have to pay back, that has made college a bubble.

[MrConservative608]

When I say "if needed", I mean that a college education is mostly not needed for some careers where you can work your way up. Also, when I say get an associates degree while living at home, if your near or entirely rent free at home (depending on your family), working full-time during the summer and part-time the rest of the year can pay for tuition & books. After you get an associate's degree, you can move up in income & afford to move into an apartment while continuing to pay for college.

[MrConservative608]

I love Dave Ramsey but I part ways with him saying parents should save for their children's education. I believe that parents should not contribute a penny or especially not a signature for their kids' post-high school education (I know Dave is against co-signing loans too). Post-highschool everyone should focus their lives around work and that is how you go to college if needed. If you want a bachelor or high degree, first get an associates in something while living @ home & working!

[gradeahaze]

Yeah, blame Madden, don't blame videogames!

[holmespianostriker]

i have a car thats 1998 acura and it only has 90,000 miles on it so im keeping it untill i need a new then i'll just buy another used car so that way i wont go pay check to pay check on my cars that i buy.

[braupaul]

@sapofgold

Good point! I agree with buying the $3,000 car. I know it may not be the fancy car you want agenthelios, but in the long run you'd have thanked yourself for doing so. Is there a way to change that around? BTW I will always buy used cars! (not NEW) I have so much to pay for right now.

[purestylez86]

yea

[smirple124]

yeah, I'm on my own too. And I paid 500 dollars for my car. It is above 200,000,000 miles, but it works.

I live with my friends family, pay rent, buy groceries. AND I pay for my community college education 100% cash, by myself. Oh, and I never forget to tithe. I work part time at a family dining restaurant waiting tables. The trick is having a plan for each cent you make, and sticking to it. Have an emergency fund and only take as many classes as you can handle.

[sapofgold]

Welcome to the real world, agenthelios. Co-signing is a curse not a blessing. You should have brought a $3,000 dollar car, then you wouldn't have the payments. Car payments are the mantra of the middle class. You desperately need to read, "The Millionaire Next Door" by Dr. Thomas Stanley. Hope that helps. Ciao

[agenthelios]

SALLIE MAE needs to be sued for usery. These people are predatory!