Suze Orman, Financial Guru
Connect with me on Facebook Connect with me on YouTube Connect with me on Twitter
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.

 

READ FULL ARTICLE

Suze Orman takes on the student loan crisis

Tag Cloud

Most Influential Celebrities ListGraceWall Streetemergency fund savingsOne Wallet At A TimeGiftCommencementpaying for collegeForbesBeautyHeartPay Off Debt Before Retirementmobile appFinancialAARPSuze Orman spouse Kathy TravisOverspendingGay Couplesschool Financial AwarenessCivil RightsUrbana-ChampaignBaby BoomersSuze Orman ScholarshipCory BookerPBS SpecialNewtownStudent Debt!00% tuition paidMoney-SavingHoliday ShoppingFinancial Educator401(k) Contributions2015 financial roadmapgraduationMarlo ThomasFree Debt EliminatorPersonal FinanceHow To Build Credit3 step financial road mapChanging LivesGoodbyeUS Tax CodeSuze approved401KSatisfyingWarner Bros Television GroupPrime Rate Rise 2015Suze Orman's Money Warsbill paying prioritiesBankruptcyuniversal college accessSuze OrmanYoung Adult Mortgage Credit Availability IndexHolidaycnbc alarm clockFinancial AdviceFinancial SystemteensInterestInfluential Celebrityretirement accountsLovestudent loan repayment planMotherRichgay marriage ban end Florida Forbes Top 10credit cardWashingtonLifestyleretirementTelepicturesRetirement IncomeStock Investmentsdream schooldebtdebit cardCommunication Skills Jose RodriguezFinancial CliffFiscal ResponsibilitySandy Hook Elementary SchoolForeclosurecommunity collegeteens and money50 over 50Financial Solutions For YouFinancial Gift Cliffmarriage inequalityInfluentialsStudent Debt CrisisSpendingFinancial Awareness Video FestivalMoneyExhibitionMoney MarketSandy Hook PromiseEmergency SavingsSchool of Social WorkCollege of Veterinary MedicineCNBCThe Suze Orman Showpresident ObamaGiftsGay Rights8 RulesstudentFundsStudent LoanUniversity of Illinoisstudent loan repayment estimatordear suzeFinal GoodbyeVeterinary SchoolAlarm Clocksame sex marriage band end Floridatelevision hostletter to suzeCredit Card Rate IncreaseAshley SpringerPrime Rate IncreaseTeachretirment savingssocial workHoliday SeasonPost-Divorcesame-sex marriageCredit Card Interest RateUniversity of FloridaBanksuccessRetirement Savingstaxesstudent loan debtstudent loan repaymentSave Us MoneyFederal Funds Rate


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
© 2015 Suze Orman Media Inc. All rights reserved.
 
 |  Search  |  Sitemap  |  Privacy  |  Terms
Sign Up For E-mail Offers
Open Panel
Close Panel