Student loans have become part of daily discourse among Americans. More than 44 million people are dealing with student loan debt, and the amount owed is nearly $1.5 trillion.
And not only is the news talking about the debt crisis daily while you’re wondering about things such as how to refinance your student loans, but pop culture is jumping on the bandwagon. Here are five moments that student loans have popped up on TV and in hit songs.
1. ‘The Tonight Show Starring Jimmy Fallon’
Jimmy Fallon has talked about student loans several times on his show. In April 2018, he brought up student loans in his thank-you note segment, saying: “Thank you, college acceptance letters, for being the nicest way to ask someone if they’d like to be in debt for 20 years.”
Former President Barack Obama revealed on the show in 2012 that he and wife Michelle had paid off their student loan debt only eight years prior. Obama later slow-jammed the news with Fallon.
2. ‘Saturday Night Live’
On an April 2018 episode of “Saturday Night Live,” cast member Kenan Thompson hosted a spoof version of “Jeopardy” with Chadwick Boseman of “Black Panther” playing the naive character of T’Challa.
When the category “I Ain’t Got It” was chosen, Thompson read the answer, “The lady from Sallie Mae says your student loan is past due.” The character Rashad, played by Chris Redd, responds: “I ain’t got it because I died and [you’re] talking to a ghost.”
T’Challa was confused because he didn’t understand why someone would pretend to be dead to escape student loans. But I think we can all understand.
3. ‘Last Week Tonight with John Oliver’
The mainstream news is no stranger to covering the topic of student loan debt, but it’s also made its way into satire news programs. John Oliver brought it up on his HBO show “Last Week Tonight” in 2014, comparing student debt to a sexually transmitted disease.
“Essentially, student debt is like HPV,” he jokingly said. “If you go to college, you’re almost certainly going to get it. And if you do, it will follow you for the rest of your life.”
He also used the opportunity to reveal shocking facts, such as that 70% of students were graduating with debt at the time and that over a trillion dollars were owed.
4. ‘The Late Show with Stephen Colbert’
In May 2017, “Jane the Virgin” star Gina Rodriguez sat down with Stephen Colbert on his late-night talk show and brought up student loans.
While the actress certainly has many accomplishments under her belt, including winning a Golden Globe, it was paying off her student loans for her education at New York University Tisch School of the Arts that she was most excited about.
“I just paid it off!” said Rodriguez. “Wait a sec,” Colbert responded. “You just paid it off?”
The actress explained that she was 32 at the time and graduated when she was 21, telling Colbert to do the math. “So, a TV star with a hit show took 11 years to pay off her student loans,” he said.
“Yeah, dude!” Rodriguez said. “College education is so expensive, but it’s so necessary. I would never change it for the world, but yes, it took me way too long.”
5. Twenty One Pilots’ ‘Stressed Out’
The Twenty One Pilots song “Stressed Out” hit No. 2 on Billboard’s Hot 100 in February 2016. It’s a catchy song about being, well, stressed out about life.
There’s one lyric that calls out a big stress point for many people: student loans. “Out of student loans and treehouse homes, we all would take the latter,” they sing.
Interested in refinancing student loans?Here are the top 6 lenders of 2019!
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1 Important Disclosures for SoFi.
2 Important Disclosures for Earnest.
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 3.89% APR (with Auto Pay) to 7.89% APR (with Auto Pay). Variable rate loan rates range from 2.50% APR (with Auto Pay) to 7.27% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of April 17, 2019, and are subject to change based on market conditions and borrower eligibility.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 04/17/2019. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at firstname.lastname@example.org, or call 888-601-2801 for more information on our student loan refinance product.
© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.
3 Important Disclosures for Laurel Road.
Laurel Road Disclosures
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
All credit products are subject to credit approval.
Laurel Road began originating student loans in 2013 and has since helped thousands of professionals with undergraduate and postgraduate degrees consolidate and refinance more than $4 billion in federal and private school loans. Laurel Road also offers a suite of online graduate school loan products and personal loans that help simplify lending through customized technology and personalized service. In April 2019, Laurel Road was acquired by KeyBank, one of the nation’s largest bank-based financial services companies. Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington, D.C., and Puerto Rico. All loans are provided by KeyBank National Association, a nationally chartered bank. Member FDIC. For more information, visit www.laurelroad.com.
4 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
5 Important Disclosures for CommonBond.
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 2.49% effective March 10, 2019.
6 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|2.50% – 7.27%1||Undergrad & Graduate|
|2.50% – 7.12%3||Undergrad & Graduate|
|2.53% – 8.79%4||Undergrad & Graduate|
|2.50% – 6.65%2||Undergrad & Graduate|
|2.55% – 7.12%5||Undergrad & Graduate|
|3.00% – 9.74%6||Undergrad & Graduate|