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I started when she was in kindergarten. i was very young when i had her. i did not know she was going on to go for her masters. i was not prepared for that. i did not know that she was one are gonna want to go to law school. but once she told me about, it i just encouraged her, i'm, like yes, what do you need to do? >> when marcellus mother needed to do was taking out a 46,000 dollar loan. >> i'm trying to work with her because, after she finishes it's going to be over $200,000. >> wait a minute. marcella started out with a 46,000 dollar loan and now it's john doe thousand dollars! >> most of ...

I've been making all my payments. i've been doing it on time. and yet, i owe more now than i did at the beginning. what is that? - that is the phenomenon of compounding interest. - okay, let's stop here for a second, because compounding interest can be pretty tricky to understand. here's what you need to know. while most loans make you pay a small amount of interest, compounding interest charges you interest on interest, making your balance grow exponentially and quickly get out of control. - if i were the only person with student debt, i may say, you know, gosh, i really messed up here. but t...

- okay, let's stop here for a second, because compounding interest can be pretty tricky to understand. here's what you need to know. while most loans make you pay a small amount of interest, compounding interest charges you interest on interest, making your balance grow exponentially and quickly get out of control. - if i were the only person with student debt, i may say, you know, gosh, i really messed up here. but then when it gets to, like, 45 million people, you're like, okay, maybe this is systemic. maybe this isn't just a couple of people who made bad decisions. maybe this is actually an...

I was very young when i had her. i did not know she was going to go on for her masters. i wasn't prepared for that. i did not know she was gonna want to go to law school. but when she told me about it, i just encouraged her. yes, okay, great. what do you need to do? - what marcella's daughter needed to do was take out a $46,000 loan. - i'm trying to work as hard as i can. because then after she finishes, it's gonna be over $200,000. - wait a minute. marcella started out with a $46,000 loan and now it's $200,000? - most of my salary is going into paying off my student loans right now. but even ...

- okay, let's stop here for a second, because compounding interest can be pretty tricky to understand. here's what you need to know. while most loans make you pay a small amount of interest, compounding interest charges you interest on interest, making your balance grow exponentially and quickly get out of control. - if i were the only person with student debt, i may say, you know, gosh, i really messed up here. but then when it gets to, like, 45 million people, you're like, okay, maybe this is systemic. maybe this isn't just a couple of people who made bad decisions. maybe this is actually an...