She looks good for 60!!

@pearlperlitavenegas2023

Жыл бұрын

Plastic surgery +Botox lol

@clementineslaughter6904

6 ай бұрын

She looks good but is financially stupid, so it seems 🤔

@Shaolin91z

6 ай бұрын

F how she looks. Pay her bills

There should be a whole class on student loans as a college prerequisite

@reymond.yeahhh

4 ай бұрын

I am a Filipino teacher here in Alaska. I teach Mathematics but the school and eventually I want to teach Personal Finance, so I did. I am so happy I get to teach these young Alaskans about this and I also learn from it. From saving to consumer awareness and everything in between, we talk about them daily. If only the students would apply them, pretty sure they will live debt-free.

took out 80k and couldn't pay it off in 23 years. This is why you never pay the minimum.

@theoracle6881

Жыл бұрын

I feel bad for her but I think she may be single strong and independent BC no way should it take 20 something years to pay off those loans unless she was paying the minimum.

@eara8426

Жыл бұрын

That’s right there 😂

@katiejon17

6 ай бұрын

We are a family living off of one teacher’s salary. She 100% could have paid that off within 5 years. We did, we paid off $145k in debt in 6.5 years, with a gross yearly income that went from $45k-$52k in that time. She chose to prioritize other things. I have zero sympathy for her.

@MyMysaysFU

6 ай бұрын

@@katiejon17 amen!

@clementineslaughter6904

6 ай бұрын

​@@katiejon17I agree. Her priorities were not straight.

This wonderful person has just proved that education graduate degrees are no longer worth the investment. Teachers calculate the ROI (return on investment) before you go back to school.

@taxicamel

Жыл бұрын

What a pile of crock. Why didn't this "teacher" not pay off her debt? Everything in this video is nothing more than "double-speak". OK ...you want "more education" to get a higher salary. Fine. Go get more education, but why borrow more money? PAY OFF YOUR EXISTING LOANS AND START SAVING MONEY!!! You do this by LIVING WITHIN YOU OWN MEANS. That means you live within your own affordability AND ALSO SAVE. This is the STUPIDEST video of theoretically "educated" people who are merely USING THE SYSTEM. DUMB, DUMB, DUMB, DUMB!!!!! .

@consumerdebtchitchat

Жыл бұрын

You are 100% correct. Graduate degrees are no longer worth it. It just about took me under and I'm 12 years to retirement. Thank God the pslf waiver came through. It will reshape my retirement. But graduate degrees absolutely not worth it anymore.

@theoracle6881

Жыл бұрын

​Wonder why the masses are conditioned to to think this way, just a thought??? I don't even watch sports to begin with and never paid a dime for any sports event, I rather pay to watch a teacher prepare our youth to be productive citizens of society but then again what the US places it's values on nowadays will also be it's downfall, I'm sure the Chinese are waiting patiently like a Komodo dragon does after it poisons it's prey and stalks it even for days at a time before it't prey collapses, it makes it much more of a guaranteed meal with out a fight. “Two things only the people anxiously desire - bread and circuses.”, Roman poet, before the collapse of Rome.

@Jlopeztx

10 ай бұрын

I 100% agree with you.

@katiejon17

6 ай бұрын

My husband is a regular ol’ public school teacher. We are a single income family. We paid off $145k in debt in 6.5 years, with a gross yearly income in that time period that started at $42k and was at $52k when we paid it all off. Six and a half years to pay off $145k. Now we are paying off our mortgage, and he has just started grad school in a program that takes advantage of the district’s tuition reimbursement. What we are suffering from are “educators” who are too stupid to successfully manage their own lives, but are teaching our kids.

Not going to grad school was the best move ever

@clementineslaughter6904

6 ай бұрын

It makes sense if your job doesn't require it but some professions require a masters so you have no choice.

@lousanto1054

4 ай бұрын

Or getting a Masters Degree and not borrowing anything. Holding down 2 jobs and going to Grad School, it did take me about 5 years to get it, but I paid for the classes I could afford. Eventually, things fell into place and I was able to obtain the degree, free and clear.

@christian7561

4 ай бұрын

@@clementineslaughter6904 you always have a choice maybe look for a different job or occupation. I wanted to be a doctor, but I didn't have the money so I chose engineering.

@theoracle6881

2 ай бұрын

@@clementineslaughter6904 There is always a choice !

This is heartbreaking. She’s got 8 more years of payments with the hope of qualifying for a program that has a 94% rejection rate. I’m not sure it would be worth pursing at that age. Maybe she should just go on income based repayment since her retirement income probably isn’t high. But I do know that she has to pay because they can garnish wages and take social security checks if you don’t make payments. Some states allow professional licenses to be revoked if you are delinquent on student loan payments.

@1bluegreen2

8 ай бұрын

which states? thats evil

@Shaolin91z

6 ай бұрын

Pay what you owe. Good thing to teach students

@iluvmoney6767

6 ай бұрын

Heartbreaking? More like stupid. Why retire at age 60? KEEP WORKING! She retires and then cries about her debt? Not too bright!

It sounds like she had no intention of paying this money back. An $80,000 loan taken out over 30 years ago, not paid and now stands at over $100,000? All while working full time with a $15,000 a year bonus for the Master's degree.

She didn’t retire. She quit working.

Now I feel bad I did my college in Bolivia where it was only $60 a month after my scholarship. I knew it would be a bad decision to continue my education here. Once I heard that if you own student loans it can be taken from you SSI if you don’t pay it back. I knew it was bad news and just a total scam. I work in sales and make as much if not more than I would had I finished my career.

no wonder the youth aren't financially literate and responsible when they are being taught by people who are the same. I felt a little bad for her until she said she made $15k more per year with the masters

@katiejon17

6 ай бұрын

Finally, some freaking sense in the comment section. We are a family living off of my husband’s public school salary. We have two small children, and my 71 year old father lives with us. My husband graduated in 2012 from a state school. In 2015, when we found out I was pregnant without first, we agreed to buckle-down and pay off every cent of our debt. Between both of us, our combined debt was $145k. We paid it all off six and a half years later, when he was only earning an gross yearly income between $42k and $52k. Every tax return, every covid “stimulus check” was thrown 100% at our debt. We made our final payment in late 2021, and since then we have been going at our mortgage with the same intensity. We do all sort of fun things as a family, but we don’t spend a lot of money. For over three years, we were a one-vehicle family. We saved up and just purchased a 2007 vehicle that should get us through until we pay off our home. This woman could hunt down a news crew so she could cry about what a “victim’ she is, but in all those years she couldn’t find a KZread video that taught her how to work a simple budget? People like her should NEVER be allowed to teach our youth. She is incompetent.

$80,000 for a Master's degree in Education? Completely insane. Completely irresponsible.

How did she get that far in debt? I’m younger than her and it cost 6k a year to go to a state school back then, easily paid off while working and going to school . 24k for a loan? It’s just pure irresponsibility, going to a school u can’t afford

@katiejon17

6 ай бұрын

Exactly! We are younger than her as well, much younger. She would have gone to college before the tuition was as high as it is now. My husband graduated with his teaching degree (graduated in 2012 from a state school). He paid the minimum until 2015. Then when I got pregnant, we decided to buckle down. In 6.5 years, on only his gross yearly income that went from $42k-$52k in that time, we paid off $145k in total debt. We finally paid all of that off in 2021, and now we are paying off our mortgage. All on his public school salary. This lady is only a victim of her own choices.

@cs0779533

6 ай бұрын

dont be too harsh this lady or on me i have 153000ish in dept to be a teacher went to nyu. i do regret but thank God for PSLF

I understand a young person falling for the student debt trap. I don’t understand how an older person with so much life experience fails to do the math to figure out how long the debt will take to pay back. Why not save up the money for a few years and pay cash?

@eara8426

Жыл бұрын

She has other priorities. I hope she taught math to her students.

@iamme7664

10 ай бұрын

Maybe she was saving to pay off her mortgage? Take care of elderly parents? We don’t know what she had go through during those years. I haven’t finished watching but it looks like she is unmarried so she was relying on only 1 income.

@Humblebluegalaxy

10 ай бұрын

@@iamme7664 I guess if I had a mortgage, the last thing I would do is go back to school for an expensive master's degree and put myself in so much debt especially if I was single and in my 40's. It honestly sounded a little bit like she planning on offloading her debt through a loan forgivenesses program from the beginning which is a huge risk. Either way, it is a very sad situation for her.

@lydianyakundi5749

7 ай бұрын

She has a lip job a sign of emotional spending

@katiejon17

6 ай бұрын

@@iamme7664 that’s all BS. We are a family of four (including two small children), who has my 71 year old father living with us. We live off of my husband’s public school income. We paid off a combined debt of $145k in 6.5 years, when his gross yearly income went from $42k to $52k. Now the only debt we have is our mortgage... which we are now aggressively paying off. If you really want an answer to your questions - go watch The Jolly Heretic’s video that is titled “The Cost of Luxury Crisis”. It hits the nail on the head. I guarantee this woman never actually worked summer jobs, or lived on a budget, or sacrificed coffees and eating out, I bet she had a big car payment, and credit card debt. These are choices.

She is so gorgeous! I can't believe she is 60 years old.

@tomp1428

7 ай бұрын

Gorgeous doesn't pay the bills...😅😅😅

@clementineslaughter6904

6 ай бұрын

​@@tomp1428😂😂😂

lol, $80K to be able to teach, in addition to being a teacher, special education? The ROI on that is terrible, terribly negative.

Graduate school at a state university in state is about 10k, very affordable and easily paid as you go. People who were irresponsible too out loans for schools they couldn’t afford. Live and learn

@matthewcaldwell8100

5 ай бұрын

That is complete bullshit

Heart breaking she qualified for the program except for one minor clause

@Shaolin91z

6 ай бұрын

Pay what you owe. Good thing to teach students

I’m confused , if her loans were taken out before 1998, and they were for 100k, she’s had 26 + years to pay them off which is about 320+ interest a month. Most of those loans should be paid off, that’s not impossible to do. I’m not understanding why most of it is not gone if she was aggressively paying them down. A monthly payment of 400 a month would have had them paid off a couple of years ago. The math ain’t mathing

@brandynicole1910

7 ай бұрын

The math isn't mathing because she said she had A loan before 1998....the other loans were taken out for the graduate degree AFTER 1998. So no, this calculation isn't correct because clearly she didn't have the 80k loan (which increased to 100k) initially.

@katiejon17

6 ай бұрын

Because she is a self-made “victim”. Stupid choices. She didn’t want to sacrifice anything for a few years to pay them off. My husband is a teacher. We live on his income. In 6.5 years, on his gross yearly income that went from $42k to $52k in that time (before anything was deducted), we paid off $145k in debt, and brought two children into the world. We paid it all off in late 2021, and are now throwing every cent we have towards our mortgage. What this really represents is how many people are not competent enough to tackle college, never-mind grad school. They want these things, but they don’t want to actually pay for it, and they don’t know how to even work a basic budget that requires 5th grade math... yet they have graduate degrees and “teach” our children. 🙄

@Shaolin91z

6 ай бұрын

Good thing to teach students. Pay what you owe

Student loan debt is only this much of an issue because it cannot be discharged in bankruptcy. How MANY people would've filed bankruptcy for student loans if they could? Let's not fool ourselves.

Only in America

@VR-oy3fu

2 жыл бұрын

Leave then

You can't apply retroactively for PSLF. You have to be working in a non profit going forward from now. She's retired. I know the program is complicated, but seriously, the reporter didn't read? That's a pretty damn clear requirement. She applies now, she'd have to keep working for the ten years.

The PSLF waiver was such deception. I moved from Ohio to the most violent city in the south and taught Spanish for six years there. Gunshots went off regularly to such extent that most students wouldn't even budge when the gunfire would go off at close range. The behavior was absolutely horrible and both students, their parents, and the community (for the most part) were illiterate. I was almost certain that my loans would be wiped out, but all they did was award me 60 months of credit toward PSLF which means that I'll have to teach for another 5 years in the US. I am beyond ready to be back in Spain!

The lady who was a special education teacher for over twenty years and has her Master's degree in special education did well for herself. I used to have a job as a mentor that I really liked working with young adults with intellectual disabilities. I didn't go back to school.

It's an unfortunate situation, but she only has herself to blame. She made $15000 more per year for 7 years. That's $105k. She should have used that extra income to pay down her loan instead of looking for ways to get the taxpayers to let her off the hook.

Teachers being underpaid is also a problem.

@andrelockridge9109

Ай бұрын

Underpaid? Is are primary public education system world class?

OK, but I didn’t think she was retired. She looks young!

I'm 69. I'm going back to school. I can barrow about $170,000.00. No payments till I graduate. Room and board all payed for. I will be dead before I have to make my first payment. 8 years. I put everything in my wife's name years ago. Can't wait. You should see the buffet line at the school. All the food you want on the food plan.

@rockytoronto

11 ай бұрын

😂😂😂😂

@Manx123

10 ай бұрын

Seriously, our federal loan program is garbage because you can do that.

@jejudo3000

9 ай бұрын

My man! 👍

@poohbeartube

2 ай бұрын

I was just telling someone that I was going to do the same thing. I have a degree but I love to learn and figure that any day now, I shall be released. Enjoy and let me know if you're interested in a room mate.

Heart breaking she qualifies for the Teacher Loan Forgiveness program except for one small clause which doesn’t make any sense smh

@Shaolin91z

6 ай бұрын

Pay what you owe. Good thing to teach students

The numbers make it clear that these degrees aren’t worth the money… doctors at least earn good money but these other jobs, it’s totally insane to take this level of money out in loans.

@eara8426

Жыл бұрын

Doctors make good money but at what cost? Tax payers money.

@clementineslaughter6904

6 ай бұрын

It's funny because she could've paid off all the debt if she paid more than the minimum payment.

hiw can making monthly payments on time, and your loans is increasing. I call BS on that. Either she did not make regular payments, or the bank screweed her over, but then as a teacher you should be able to do basic math.

@poohbeartube

2 ай бұрын

1:10 "She took out about $80,000 to fund her education and has been making monthly payments for *most* of her 23-year career in teaching." That means 51% of the time or more. She seems to have been indifferent to paying her debt, especially paying down her debt.

Took out $80k of student loan debt for a $15k pay increase… yeah I don’t feel bad for her. Also, relying on these student loan forgiveness programs is foolish. She is to blame and she also should have known better to have retired when she still had this huge debt obligation.

@bizzyfit2128

7 ай бұрын

For a teacher to want to grow and learn more and become a better teacher by deciding to go back to school amidst a very draining profession that leaves most people wanting to just go home at the end of the day rather than going to a class and doing MORE work is noble. Fortunately, under PSLF she'll likely have loan forgiveness. The covid waiver has made it much easier for people in public service to qualify. She doesn't need you to feel bad for her. You could never accomplish as much as she has.

No way I would go deep in debt to be a teacher….

Requiring teachers to have a graduate degree in the public school system is so unnecessary, especially for the low pay. You should just need a undergraduate and teachers license. I feel bad for the lady here, hopefully she can get some relief.

@katiejon17

6 ай бұрын

We are a family supported by my husband’s public school salary. The pay is absolutely fair. He works for 180 days a year. No weekends, no holidays, no evening or night shifts. After the first couple of years, which are a bit hairy getting your footing with planning and grading, it’s just a cycle you continue (like with most jobs). Before kids I was an RN, and before teaching, my husband worked retail. We both acknowledge that he has a cushy job. Not easy, but compared to what we both used to do... he is fairly paid for his job.

@clementineslaughter6904

6 ай бұрын

You don't need a graduate degree. Only a bachelor’s required to be a public school teacher.

@killjoygonzalez

6 ай бұрын

⁠​⁠@@katiejon17 If your husband isn’t putting in any off time into work, I highly suspect he isn’t a good teacher or at the very most he’s a “bare minimum teacher”. We don’t need teachers like that.

@katiejon17

6 ай бұрын

@@killjoygonzalez there are teachers like that, my husband is not one of them. The first few years of teaching a middle school curriculum he was working long hours to plan/prep, same with the first few years after he transferred to high school. But once you have your plans created, your curriculum mapped out, and a rhythm - only someone incompetent would still be struggling. Once you “create the wheel”, you keep working it as a general foundation. Teachers that do this eventually become more and more proficient with time management, as well as actual education. But I get that most people just want to make it seem that teachers (although only working about 185 days a year and with no nights, weekends, or holidays) are really victims. They aren’t. They have it good.

@Shaolin91z

6 ай бұрын

Good thing to teach students. Pay what you owe

If u didn’t have the money, you couldn’t afford that degree but did it anyway.

Margie can you give us an update, please?

PSLF waiver will include her loans, she'll be good by the end of 2022

I am retiring from teaching next year at 55 debt free with a house paid off. Never ever taking any loans or using credit card again. I intend to enjoy my retirement but will live simply and be grateful for what i have. Just wanna be free and at peace.

Why did she leave the teaching job? Oh, to double dip. She made minimum payments or kept deferring payment. Teachers aren't underpaid. It's a part time job.

I lost 225K in the stock market wondering if I could get my losses covered. Didn’t see Silicon Valley bank coming.

@DRob-gq3ki

9 ай бұрын

I lost $15,000 on first republic because my brothers former wallstreet professor guaranteed everyone it will come back and make money. Those who cant teach. College is a scam

But I thought you won’t succeed without college

This is so sad.

School is over-rated I'm a high school dropout and I own 4 businesses Pressure Cleaning, Auto Detailing, Landscaping and House / Office Cleaning

@williamhodges3941

Жыл бұрын

Yup me as well, when i was a teenager I always thought these degrees were a scam. I made over $300,000 last year with my trucking business. I think people are waking up!

I would just stop paying at that rate. What's the point?

You're not retired

I mean... I don't know if I feel sorry for her. She owns a house.

@clementineslaughter6904

6 ай бұрын

😂😂😂😂

She doesn't look 60 at all! Teachers are supposed to get teacher loan forgiveness. She is a public servant so those loans should have been forgiven years ago.

Working minimum wage is the best thing to do in USA

where was your public service loan forgiveness. the teacher loan forgiveness would have been 17500 for stem secial ed and 5000 for all else. would have done much . pslf is it

So you structure a career to peg advancement to further education and then make that advancement so expensive that it's prohibitive. Do this with enough fields for long enough, and you will produce an aristocracy. Not a meritocracy, mind you. The ability to afford an education is not an achievement.

What school did she go to? I did my two year education masters for 25k. She should not be retiring. She should work until they are paid off. Get a second job! I got a second job to pay mine off.

@patrickhale2087

8 ай бұрын

She barely had a first job.

You don't retire owning that much money. Guess college did not teach her anything.

@theoracle6881

Жыл бұрын

😂😂😂

@antares3097

Жыл бұрын

...🤔 ' must have missed math class.

@tetedur377

10 ай бұрын

@@antares3097 Math for liberal arts majors. And yes, it's a thing.

Teachers being underpaid is the biggest lie, perpetuated by teacher unions. This guy states teachers are paid 5-10% less than their similarly educated peers. Well teachers work 25% less days and education is one of the easiest degrees u can get so who even knows who these peers are? I’m sorry but if you’re a teacher and u can’t figure out ROI….maybe u shouldn’t be teaching? Now teachers are looking for free money. It’s no wonder why are schools are so bad and our kids perform so poorly. Taxpayers should demand a refund from the teachers unions.

@theoracle6881

Жыл бұрын

Facts, in my opinion teachers should start off at 100K that's the problem, the pay is not where it should be, the system can pay an idiot 20 million dollars to throw a ball but can't pay our teachers a fraction of that !!!!

@martin4819

Жыл бұрын

@@theoracle6881 facts, the idiot teachers failed the basketball players. I’m an engineer and I’ve met plenty of teachers and almost all of them are barely qualified to teach. Go look at stats….a lot of teachers can’t pass anything…..they are the bottom barrel of college graduates. 100k jobs are left for engineers who actually create EVERYTHING. Teachers produce “idiot basketball players”thanks for proving my point :/

@theoracle6881

Жыл бұрын

@@martin4819 Well go and trade that engineering degree in and go and teach then lol

@pep590

Жыл бұрын

@@theoracle6881 The problem with you analogy is that the people paid millions to throw a ball bring in 100's of millions of revenue to the league in ticket and merchandise and advertising sales. If teachers could do that and then still not get paid millions, then you would have a point.

@BHill-rz9tg

11 ай бұрын

Go get multiple degrees and a license and then get hired then. It's so easy to say something about something you have no clue about.

He tried to pull a slick fast one. And I have to admit it was slick and it was fast, which of course is how smart and respectable liars and distorters commonly operate. Teachers are underpaid he said compared to similarly educated peers.

@poohbeartube

2 ай бұрын

I agree and re teachers being underpaid compared to similarly educated peers, he's basing that on occupational data not the actual data of those people who have degrees (especially advanced degrees) who are working in retail, fast food or any other jobs that don't require a degree (or an advanced degree.) The NEA is the largest and most powerful union in the US and consequently it is difficult to fire teachers who have a contract compared to an at-will employee. At-will employment means that an employer can fire an employee for any reason (if it's not illegal), or no reason, with no warning, and without having to establish just cause. About 74% of U.S. workers are considered at-will employees. Re teachers, there's also their holidays, pension and retirement benefits. He's cherry picking the data and is flat out lying (when referring to student debt being so common among teachers) by saying "The first reason is that in order to increase your pay you need to have a graduate degree." Teachers obtain pay increases regardless of whether they have a graduate degree or not. Depending on their contract, they're guaranteed a pay increase once they obtain a graduate degree.

She could have put that plastic surgery money into paying back her loans

Its her own fault, she didnt need a Masters degree to be a teacher.

@kathaiti

Жыл бұрын

Some states require it, like Massachusetts.

@ahmadiyyafactcheckblog8840

Жыл бұрын

@@kathaiti oh dang...i wasnt knowing. California doesnt.

@leelowe1

Жыл бұрын

@@kathaiti New York as well. Also, a lot of people end up going to a private school vs a public university to complete the masters .

60??? She looks younger!

Please update - was she able to get the loans forgiven with the IDR waiver? Hope so!

@katiejon17

6 ай бұрын

I hope not. That woman graduated in 1998 and couldn’t pay these off? Of course she could. She CHOSE not to.

So so sad.

She’s chosen this. We are a family of four and live off of my husband’s teacher’s salary. During a six and a half year period, where his gross yearly income ranged from $42k - $52k, we paid off $145k in debt. In this day in age, if you can figure out how to be interviewed for your stupid life choices, you can figure out how to find debt-payoff and budgeting videos. Incompetent people should never be educators.

@clementineslaughter6904

6 ай бұрын

I was thinking the same thing. She's just not good with math. If she really didn't want to be in debt in retirement, she could've made it happen. Where there's a will, there's a way.

@matthewcaldwell8100

5 ай бұрын

This is complete bullshit

Teaching Special education in K-12 doesn't require a Masters degree. That 2nd degree was her choice, You know how much your salary will be so don't start complaining now about your poor decisions.

Insane.

I always thought grad school was the best way to go.6

No money for education But you have the money for plastic surgery & Botox injections, hair make-up nails etc

@eara8426

Жыл бұрын

This 😂

She took $100,000 for student loans. She should have worked and saved her $, and chose a cheaper school. At 60 she is too young to retire. If she couldn't figure out simple finances, she had no business teaching. If She worked the other third of the year like the rest of us she could have used that $ to pay off her loans. Teachers are well paid for the work they do.

No. Teachers are so important we literally have a teacher shortage Teachers shouldn't be in debt

@patrickhale2087

8 ай бұрын

Teachers shouldn't choose incredibly expensive private schools... Teachers should get summer jobs.

Thats crazy... she did it to herself tho

Student loans= normie tax

And why are we still sending aid to Ukraine and Israel, when we abandon our own workforce here in America?

Wherever Margie Peterson is today, I hope she received that student loan forgiveness. Is there an update about her situation?

For a teachers education? Really? You either went to a high end college for nothing, or got ripped off! Should’ve thought first…