To achieve the greatest things. And the doors of Higher Education will be open to all. No matter what your circumstances or where you are, you are part of the life of our great nation. Its one thing all our president s agree on, each in their own unique way. [patriotic music winds down] have a good life. We will see you soon. And to get that good life, all we had to do was follow the Instruction Manual on how to do the right thing. Study hard, be nice to your brother. Get him go to college, graduate, and voila, achieve the American Dream. But at some point. [clattering] the us economy shrinking. Theyre not getting married. Theyre not getting homes. Theyre not getting jobs. Weve been looking at 40 years of flat wages. Those doors to opportunity got harder to open. [light laughter] this is a big one staggering debt from Student Loans. Today, that old Instruction Manual feels like false advertising. The system is unfair. We tell young people to go to college. They have to take out loans i
but when she told me about it, i just encouraged her. yes, okay, great. what do you need to do? - what marcella s daughter needed to do was take out a $46,000 loan. - i m trying to work as hard as i can. because then after she finishes, it s gonna be over $200,000. - wait a minute. marcella started out with a $46,000 loan and now it s $200,000? - most of my salary is going into paying off my student loans right now. but even with that, after four years of residency, i m gonna basically be in $50,000 more debt. - i ve talked to people where they say, i ve been paying my student loans for years. i ve been making all my payments. i ve been doing it on time. and yet, i owe more now than i did at the beginning. what is that? - that is the phenomenon of compounding interest. - okay, let s stop here for a second, because compounding interest can be pretty tricky to understand. here s what you need to know.
but then he got us t-mobile home internet. i was just trying to improve our signal, so some of the trees had to go. i might ve taken it a step too far. (chainsaw revs) (tree crashes) (chainsaw continues) (daughter screams) let s pretend for a second that you didn t let down your entire family. what would that reality look like? well i guess i would ve gotten us xfinity. and we d have a better view. do you need mulch? what, we have a ton of mulch. the real reason i came to see marcella?eral ton. her daughter s student debtve was so out of control mulch. she was running an active business creating erotic videos to help pay it off. - every day i wake up, the purpose of my day is to make sure my children have a better life. with my oldest daughter, i did prepare for the first four years of college with her. i started when she was in kindergarten. i was very young when i had her. i did not know she was going to go on for her masters. i wasn t prepared for that. i did not know she was gonna