The Ramsey Show Highlights I Didn't Know I Had More Student Loans
Dec 13, 2025
A Jersey Mike's manager shares an eye-opening financial journey, revealing unexpected $70K Parent PLUS loans in their father's name. Earning around $90K, they confront hidden debts while striving for franchise dreams. Emotional turmoil arises as they seek to communicate with family about these loans. An expert offers strategies to tackle their financial woes, advising them to prioritize payments and even negotiate family responsibilities for support. Tune in for insights on managing loans and navigating family dynamics!
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Choosing A New Career Path
- The caller dropped out during COVID after refusing to pay full tuition for online classes and left pre-med for a career in food service management.
- They now make about $90K a year as a Jersey Mike's manager and plan to franchise in quick service.
Unexpected Parent PLUS Loans
- The caller is unknowingly paying Parent PLUS loans their father took out, discovered after an uncle flagged overdue notices.
- The caller had been proactively paying their own loans and only later learned about the $70K in loans under their father's name.
Undisclosed Debt Derails Plans
- Hidden or undisclosed loans can derail financial plans like moving out or budgeting.
- Learning about major debts late removes opportunities to act during interest-free or deferred periods.