Suze Orman TwitterSuze Orman FacebookSuze Orman YouTubeSuze Orman LinkedIn
View Blog & News List

Suze Orman takes on the student loan crisis

October 03, 2013 at 9:34 PM

Student loans are one of the most dangerous types of debt to have, says Suze Orman, who focuses this week's episode of "The Suze Orman Show" on ways to tackle the burden.

Recent reports show that Americans owe $1 trillion in student loan debt, that's about $200 million more than they owe in credit card debt. The story worsens when you factor in interest rates and ramifications for not paying on school debt.

“It’s a real travesty what is going on in our country with student loans and our children,” stressed Orman. “Students are paying more in interest on student loans than what they pay for a car or a mortgage, and those loans (auto and mortgages) can be discharged in bankruptcy,” said Orman.

Unlike with most debts, the current federal law states that student loans cannot be dissolved or written off in a bankruptcy. This is a point of contention for Orman, who said “I couldn’t agree with Sen. Elizabeth Warren, D-Mass., more,” referring to Warren's vote against the recent Bipartisan Student Loan Certainty Act of 2013.



Suze Orman takes on the student loan crisis

Tag Cloud

Sandy Hook Promisebuying car 2016switch to spouse coverageCNBChigher insurance deductibleprotect dependent best loan deal home buying mistakesone annual feechildren under 18universal college accessSpendingcredit managementage appropriate goalsgrandchild summer job IRA contributionrefinanceAuto Savings can you afford itlong-term care premiumsEasy Life Insurance interest on student loansStudent Debtstandard rateConventional loan PMIget credit cardSave Us Money!00% tuition paidcommunity collegeretirement accountscredit unionGiftleave a legacy19 years cash flow problemcouple financesRetirement SavingsFinancial Systemholiday spendingsavingsCommunication Skills Credit Card Interest Ratereduce interest ratemax employer matched 401(k) contributiondon't blow tax refundAlarm ClockNew York Lifepoint cost offset by savingshome related tax break bonus only offered while employed escrowfinancial fearsFICO credit score credit card mortgageadd teenSuze approvedPay Off Debt Before Retirementdo not pay allowance for good behaviorWashingtonInfluential Celebrityemotional stakescollege graduatemonthly benefit financing car bad decisionscompare monthly expensesoverspend on giftswaive home inspection bidretirement plannegotiate points with bank or sellerInfluentialsLTC shoppingStock Investmentsteach your child good money habitslong-term care dental discount planUniversity of Illinoisgrandparent IRA contribution pay down student loan debtdeath benefit 20 to 25 times annual incomecredit cardLong Term Care shoppingemployer funding HSAbetter loan ratesclosing costs 2% of loan4 Must Have Documents derailed planwomen outlive menstandard deduction avoid burn outpay 100% cashCivil Rightsalways use all paid time offjanuary billscar buying mistakes10% donate to charitywomen live longersavings pleasurequick closing3 savings buckets push yourself to save more for retirementdon't defer interest paymentssave moneyLovefinancial concernIRA contribution gifted moneyinsurance mistakefamily save at least $100 monthlylower mortgage interestpaying for collegeyours, mine & ours8 Rulespay off debtverify retirement plan with HR or plan sponsoris it kind?6 month waiting periodtake actionMotherpercentage men widowed 75-84confidentstudent loan debtidentity fraudNewtowndon't cover cosmetic dentistrydental insurance commitcomparison shoppingautomate student loan paymentsat worst still pay 75% benefitsame-sex marriagefile asapreplace permanent life insurance with termMortgage Credit Availability Indexpublic service career student loan repayment is it true? Interestloan necessityFHA loan feesautomatic paymentUS Tax Codeunder 18 financial giftprotect and provide for minor child 401(k) ContributionsFRAsecured cardBankCredit scoreLong Term Care premiumsthree year car loanLong Term Care Insurance Post-Divorcerent vs buysave Financial Awareness Video Festivalbest interest ratesVeterinary Schoolloan no longer than 36monthslower rateincrease retirement contribution rateSuze Orman's Money Wars401Koverspend on dining outFundstaxesreal estate mistakesExhibitionHDHP's are not badorigination feesreal estate marketcharges on credit cardnot gender specific balance transfer emergency fund purely financial standpointstay positivebuy down home insuranceMost Influential Celebrities Listno private loanHoliday Seasonreduce monthly paymentterm insuranceage appropriate choreHoliday Shoppingknow before you oweovercome financial fearshigh deductible health care planteens and moneytelevision hostshop online guaranteed level term policyPersonal Financemortgage interest tax deductionpresident Obamameet monthly don't use allowance as bribegift not loanlive below your meansAARPgay marriage ban end Florida Mass MutualHSA tax savingsiffy incomecredit reportno negativitywrite new goalOne Wallet At A Timelong term carehigh premiumsproperty taxdo you need life insurancenot enough life insurancecut monthly cellular billDurable Power of Attorney for Health Carefraudulent returnFiscal ResponsibilityRevocable Living Trustbig results Graceloan big picture zero rate transfer dealsfinancial independenceEric Dodge better termsstudent loan repayment estimatorMoney Markethigh FICO scoreJose Rodriguez10 year repayment plan stretch out haircut appointmentsFinancial Gift CliffEmployer Matched Contributionpositivedear suzeFinancial Solutions For YouHDHP's20% down payment avoid fees50 over 50Ashley Springerdebit carddon't spend budgetinterest capitalizationclosing feesPBS Specialmonthly dental insurance premiumdon't do five year car loanrequired disclosureStudent Loangraduationapproved medical 100% tax-freeMarlo Thomasterm life insurancecalculate dependents annual income needsvalentines dayresponsible with moneyenjoy saving LTClife insurancelow down paymentSatisfyingcommunity bankincentives for health care wellness screeningbill paying prioritiesTelepicturesdoctor no longer in networkloan is giftemergency fund savingsPhyllis Shelton expert long-term caresocial workFederal Funds RateGiftsWarner Bros Television GroupFinancialone credit cardbecome member kid borrow firstmax benefit coveredmortgage broker2016 adjust estimated taxcnbc alarm clockteens3 step financial road mapspecial saving accountCollege of Veterinary MedicineSandy Hook Elementary Schooldepreciating asset mortgageCory BookerAARP Social security calculatorbe good examplemanage student loansreferrals social security not going brokeCommencementmental healthnew carfocus on needsretirementThe Suze Orman Showpay down car loanpercentage of women widowed 75-84alternative FICO scoremake saving a pleasureFinancial Advicedon't ignore open enrollmentconsider roth 401(k)summer job match income plancostly insurance mistakedangerous money seasonpay interest while in schoolconfident of solutionSuze is my biggest mentorfocus on new truth Financial Awarenessstudentmultiple lendersForbesdeath benefit needs for familybuy home8 month safety netdental savings planno sneaking in feespreexisting condition not coveredSuze Ormanbreakdown projected monthly housing costultimate compounding giftfederal student loan deferment keep a schedulepublic service loan forgiveness programhome buying budgetYoung Adult speak new goalSuze changed my lifeBankruptcyHolidaySuze Orman ScholarshipPrime Rate Rise 2015Lifestylestore credit cardswould you decline a bonusmarriage financial responsibilityborrow each year, capitalization is going to pile up Financial CliffRichtraditional vs roth 401(k)Gay CouplesStudent Debt CrisisHearttax ID theftSchool of Social Workunexpected expenseletter to suzeallowance taskHDHP's are good for youUniversity of Floridaback door Roth IRASuze Orman spouse Kathy TravisBeautyis it necessaryoverspend on nights outno retirement funds for down paymentwomen longer life spanno waiting periodAccuQuote.comraise insurance deductibleHow To Build Creditretirment savingsFinal Goodbyecar leasingdon't derail retirement savingsis it necessary?be kind to yourselflow credit scoreanticipated salaryborrowing plan Amy Lacyetswitch to roth 401(k)insurance yearly reviewUrbana-Champaignmoney vowsNew american Dream create new truthno splurge kids schedule paymentspaid vacationCredit Card Rate Increase2015 record year car salesdoctors in networkclosing disclosureMoney-Savinghousing marketForbes Top 10co-sign value moneyAdequate Auto and Home InsuranceTeach40% toward financial goalprovider of financial supportget over life insurance phobiadon't buy wantsPrime Rate Increasepay credit debt ASAPrequire chore in exchange for allowanceincrease emergency savings8 month emergency fundinsurancepermanent life insurancepay more than minimumsocial security never insolventno life insurance financially irresponsibleAmericans don't use all paid vacation time2015 financial roadmapHDHP initial tax break mobile appForeclosureritual scheduleBaby Boomersadvice for college graduatesRetirement Incomemaintain standard of livinghome budget after tax costGoodbyeworst financial mistakeopen enrollment review no tax on withdrawlssmall changes gift grandchild IRA contributionlet them have 50% controlstudent loan repaymentFree Debt Eliminatorteach importance of helping othersWall Streetraise deductiblesLTCi ASAPstudent loan repayment planincrease retirement savingspowerfulwomen long term carebe true to yourselfverify wellness screening and programswives should be involved in retirementget health insurancetitle insuranceemployer offered life insurance20% down paymentcost of capitalization calculatorsuccesssame sex marriage band end Floridaschool four steps to retirement savings Overspendingprotect your familyprotect loved ones Gay RightsInvest for savings growthStaffords this year have a fixed 6.8% interest ratehome ownershipignore 6 month grace period debtlousy investmentbuying a carcut monthly cable billmarriage inequalitybad retirement planningSelectQuote.com2016 adjust withholdingautomatic withdraw to savings retain separate credit cardsbuy home you can affordget the most out of social security rising home pricesEmergency Savingsunsubsidized Stafford loanno fee transferdangerous retirement plancar loandream schoollower premiumsidelinedmortgage disclosurepay high rate off firstfinancial goal phraseitemized deductiondon't charge a pennyfull retirement ageFICO Scoreroth iragift up to 14,000Moneyhome loan credit score below 740 financial argumentsFinancial Educatorphysical healthFinancial Power of Attorneylearn good financial choicesjuggle multiple financial goalsloved ones dependent on incomeface your financial fearChanging Livesheartache

View Blog & News List
People First. Then Money. Then Things.
Connect with me on Facebook Connect with me on YouTube Connect with me on Twitter
© 2016 Suze Orman Media Inc. All rights reserved.
 |  Search  |  Sitemap  |  Privacy  |  Terms
Sign Up For E-mail Offers
Open Panel
Close Panel