Sara Joins
James deployed
Student Loans makes it hard to imagine and have a large family
Dave Ramsey contra to culture
10 months paid off 100K
Deployment get extra $$
Choice to use blessings given
Double edge sword of interest
Meaning of interest both in terms of debt and investments
100 K real norm for debt equals 100K/month
No education
Deployed during college for 1 year
While gone, loans accumulated interest, debt ballooned
Not paying means debt growing
Initial amount taken out was 60-70K
Grew to 100K, 2 cars of ignorance
Teens don’t understand compounding interest
Federal guaranteed loan program, leads to student loan program
Scam on part of colleges
College prices skyrocketed, inflated staff and costs
Good debt vs bad debt fallacy