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But now in addition looking for a job and.
If we look forward to years of paying off your student loans.
Stood -- debt exceeds a trillion dollars in America and the average graduate enters the real world owing more than 25.
Thousand dollars on their -- some of those debts are gonna linger for Barr was passed their fifties.
So is the degree worth all that debt joining me now nick -- he just graduated from the University of Tennessee with degrees in finance and marketing.
And Jennifer Ruth who is also a member of our staff she graduated from.
She's trying to pay off for separate student ones right Nicklaus start -- you've just graduated in May.
He got a 28000.
Dollars in debt can't find a job having to live with your parents but that's not why he went to the University of Tennessee.
So what what is your anxiety as you start this phase of your life with a -- hang in a Villa and right now I'm not aware.
-- pay it off.
Well the thing is that when you graduate from high school they tell you as long as you work hard and you he put in the hours you're gonna graduate with a job.
And you know I went -- the University of Tennessee and I graduated nine you can live with 366.
And I was on iron I was on that -- -- an advisory council.
I graduated with two degrees a minor in Spanish some bilingual all.
And also a concentration international business.
And I know I thought that I I'd done things about as well as like head I would say so yeah.
I guess it's never really expected to be in -- place that I am right now.
He did did your parents by the way did actually.
-- Things -- -- but -- good let's talk about that you know let me first of all hope somebody's watching the show they're gonna say I gotta hire that kid he's really got good stuff I mean that's an incredible background.
You've obviously looked for jobs I'm -- even before the graduation what do you tell.
I'm a lot of companies that I talked to tell me that I mean how my MBA to get to even consider.
Just Nashville jobs especially marketing I think I'm a -- -- pursue finance a little bit more.
Then I -- -- easier to go -- but even with with finance tips to get certified if you see if there.
And you get -- financial.
Charters you have to get on the marketing Islam more competitive since it's a larger major.
I'm so most companies want in one MBA or they want you start -- we -- sales or.
One of the other departments they don't want you to come in directly doing marketing forum.
By Jin I facility we worsen your drink green would be an anthropology -- I have to not a big and to demand for -- -- come out of Rutgers.
Dollars in debt.
-- -- do have a job I -- doggone good one working for us here and yeah I think I -- How you were off.
Really forced to can accumulate 65000 miles worth of student debt in four years.
Basically what happened and so that my first year.
I got had a small government loan and then the rest of that I was able to pay for about myself -- I proceeded to go for four more years to school and each year.
I would basically Max out at the bank so my first year it was my credit union they were able to give me 101000 but -- -- was that.
-- -- had to go the next year to private bank.
And then the following -- to another bank.
Until now that I have for completely separate runs with a carrying on interest rates three elevenths had actually variable interest rates which can be.
Looked at every three months and most likely raised.
Most of these kids bomb plot out a -- I and it's even more immune cell or separate lines or separate -- so which all totalled 65000 dollars.
And the rough estimate at the moment for at the amount that I'll pay in addition to that.
For interest is 37000.
Dollars a year going to be over Don thousand dollars yes paying out hang out and how many years I was there for five years and it'll tell you how long and -- we'll -- Between five and twenty years to pack up now that's pretty ominous and in it.
What what is the monthly payment that -- gonna have to be looking right now I'm paying 600 but my government -- is based off I graduated.
I'm payment plan -- I have a smaller payment now we shall increase over the next eight and a half years right nick was it worth it to.
Get that kind of dec 25000 dollar debt the education -- absolutely I mean you can get the college experience.
And especially because I came in wanting to be -- what went on mile and a fourth Donna street clinic.
When I was younger I thought it was really cool that the north and honestly -- -- -- you how much work you've got to pick governor says.
-- -- -- -- And thought I came to school my senior years -- actually started my marking degree and I had a professor mark Kong University of Tennessee excellent professor down really like.
Just give -- a passion for business -- a passion for marketing Jenny -- advice that you would give.
-- -- -- They send your experience.
At the moment I know -- you don't have -- job.
But the moment you're able to start making payments I would say make payments even before they're telling you have to hand to keep your interest rates -- And if you choose to possibly go back to school off.
Definitely make sure you keep Europe and -- out of -- you're gonna take out a lot lower because you're 28000 seems so much fun out.
All that nice yeah he's gotten us.
Well -- ten -- and thank you both by the -- my only advice is.
Whatever kind of job that comes your way take it any job is better than not having a job now may not be the one you want going to be the one -- -- -- -- -- -- I -- and so I'm gonna.
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