Ready to get happy, healthy and wealthy?

Student Loan Crisis: Broke, Busted and Disgusted

  February 17, 2016  |    #Eliminate Debt

Student Loan Crisis 

One trillion, three hundred billion – it’s a huge number. This is what it looks like:


To put it into context, there were only 14 countries in the world in 2014 with a gross domestic product larger than this number. This number is larger than the amount of money earned by people of Mexico, Netherlands, Switzerland and even Saudi Arabia in 2014! Learn about the financial loan statistics in Denmark using the website

$1,300,000,000,000 is the total of student loan debt of American college graduates.

The student loan debt crisis is no longer a looming Armageddon prophecy. It’s upon us. At just 5 percent, which is considered low, American student loan borrowers are paying over 65 billion dollars in interest annually to banks and the government. No wonder Millennials are postponing marriage, home purchases and children. They’re broke, busted and disgusted!

Have kids in college now? Help them go to school DEBT FREE.

A Broken System

We can’t put all the blame of the student loan crisis on banks and the government. They’re just doing their job – making money for shareholders or bond holders. You know, the people who have money.

Much of the fault lies in the organizations that perpetuate the student loan debt crisis. That is the educators and their tentacles of support: student housing, book sellers, and campus stores owned by outside companies. Each year these companies, whether they are for profit or non-profit, raise the price of their wares because they know banks and the government will lend more and more “guaranteed” loans to kids and families.

Come on now, you say. That’s not fair. There must be someone else to share this responsibility.

Scholarship System Banner - Go to College for Free

The Clueless Crisis

There is: students and their families.

Students and their families are following the herd and putting this massive burden upon themselves. We’ve been told over and over, “Go to college if you want to make good money.”

Some estimate that college can add upwards of a million dollars more to a worker’s income over a lifetime. Over a 40-year career that averages out to $25,000 annually. Someone needs to retake math. Maybe those numbers worked in the 80s and 90s, but due to stagnant wages labor utilization rate, they don’t add up today.

We need an education about getting an education. Can anyone help?

Student loans go you bummed? Learn how to pay them off faster. 

The Solution

Last weekend we had the privilege of watching an advance screening of the film Broke, Busted and Disgusted, a documentary by Adam Carroll, about the current state of our education system and the student loan crisis.

Do you want numbers that prove the crisis? Do you want real life interviews of students who feel duped? Do you want to see educators acknowledge that the system is broken? Do you want to learn about the solution? Then you must watch this movie.

Broke, Busted and Disgusted will soon go national. Because we’re so passionate about this issue, as you can read in #MoneyConscious Student, we’ll let you know as soon as it goes national.

Broke, Busted and Disgusted may cost you $50 to see as a family, but it’ll save you hundreds of thousands of dollars in student loan debt. It’ll relieve you and your children of debt stress. It’ll help make your family one of the lucky ones who avoid the student loan crisis.

More Great Reads for You:

Want to save this Student Loan Crisis: Broke, Busted and Disgusted article for later? Click the image below to save it to your favorite Pinterest board.

The student loan crisis is real, but you and your family can avoid it and student loan debt. All you need is the right information. It's all here in the movie Broke, Busted & Disgusted. Student Loans | Student Loan Crisis | College | Debt | Student Loan Debt |

4 responses to “Student Loan Crisis: Broke, Busted and Disgusted

  1. Hello:

    I think you might want to look at the ICIJ’s work on tax shelters and havens, which have created the situation where countries are starved of capital. Yes, it is companies’ jobs to make money for their shareholders, but as they benefit from a civil society, they have a responsibility to include proper pay to employees and proper tax contributions as part of their cost of doing business. If everyone is earning $10 an hour, people aren’t able to contribute to their share of civic amenities, nor are they able to purchase goods and services. We can’t keep on making these backdoor bailouts to companies that are shirking their responsibilities.

  2. Hats off to you, really you have done a noble task by informing us about the movie “Broke, Busted and Disgusted”. Out of curiosity I wish to know is there any paid option through which I can instantly download the movie or is there any file sharing server through which it can be availed? In my family there are 5 students whom I want this movie to be watched. Sharing information on this will be highly appreciated. Thank you. 🙂

Leave a Reply

Your email address will not be published. Required fields are marked *


Get the 5 building blocks of happy, healthy, wealthy gay men!