Dave Ramsey, a personal finance advice expert for the Fox Business Channel, speaks with Rebecca, a 25 year-old grad student in Staten Island, NY.

Although Dave is kind of annoying, very confrontational, and creepy enough to kill a ghost – he dishes out a hard lesson to learn.

I have a feeling I know what Rebbecca is hinting at here…

Like many of the world’s 20-something-year-olds, there is a chief concern that needs to be addressed – “Mr. Ramsey, I can’t afford to get drunk with my friends and waste money on stupid shit!”

The best course of action is to try and avoid loans you might not need. Rebecca, Dave Ramsey’s new personal hero, is making it on her own without a major income source. Despite his new found affection, there is a noticeable lack of ‘You go, girl!‘s in Dave’s response.

The abundance of student loan providers (some predatory) and the easy application process can be very enticing. However, the interest rates and variable payments will come back to haunt you later. Simply put, it’s not worth it to have a few extra luxuries now, when you’re going to be paying tenfold for them later. A hard lesson to learn for many young people, myself included. But you’ll be better off for it in the long run.

Just think about all the expensive drinks you can afford to smash against the bar wall when school is finished and you are debt-free.

Fox Business: Work For School, June 10, 2008