He Switched Majors, Lost His Scholarship, And Graduated Owing $157K — Now His Paycheck Barely Covers Rent And Groceries

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Matt from Pittsburgh called "The Ramsey Show" and said he is struggling with $157,000 in student loan debt. 

The 23-year-old told co-hosts Jade Warshaw and John Delony he earns about $2,600 a month as a medical lab tech and cannot cover his bills while paying the loans. The co-hosts reviewed his numbers and said his $31,000 yearly take-home is the central barrier to reducing the balance.