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

big results pay 100% cashIRA contribution gifted moneycouple financesretain separate credit cardsWarner Bros Television Groupterm insuranceUniversity of Floridais it kind?Financial Gift Cliffno sneaking in feesLong Term Care premiumsStudent Debt CrisisPay Off Debt Before Retirementadvice for college graduatesdo you need life insuranceCommunication Skills Financial SystemFICO credit score credit card mortgageSelectQuote.comdeath benefit needs for familyMoneysavingsno splurge loved ones dependent on incomedepreciating asset percentage men widowed 75-84long term careemergency fund high deductible health care planmonthly dental insurance premiumUrbana-Champaigngift grandchild IRA contributionreplace permanent life insurance with termsame-sex marriageHoliday SeasonSchool of Social WorkDurable Power of Attorney for Health Carehigher insurance deductiblenot enough life insuranceuniversal college accessdon't defer interest paymentsExhibitiondoctor no longer in networkritual scheduleis it necessaryPrime Rate Increasethree year car loanHDHP face your financial fearAuto Savings stretch out haircut appointments8 Rulesnew carPost-DivorceOverspending!00% tuition paidmaintain standard of livingSatisfyingcut monthly cable billhome ownershipCredit scoreget the most out of social security switch to spouse coveragemortgage disclosurePBS Specialmental healthbalance transfer loan is giftone credit cardis it necessary?car loanMortgage Credit Availability IndexSpendingJose RodriguezChanging Livesovercome financial fearsonly offered while employed waive home inspection bidlearn good financial choicesincrease retirement savingsfinancing car lower premiumcharges on credit cardinsurance yearly reviewjuggle multiple financial goals10% donate to charityEmployer Matched Contributionvalue moneyGoodbyemarriage inequalityfinancial fearslong-term care premiumsautomatic withdraw to savings life insuranceFiscal ResponsibilityYoung Adult Veterinary Schooldon't charge a pennyNew York LifeMass MutualBeautyAARPcalculate dependents annual income needsemployer offered life insuranceHDHP'ssmall changes Credit Card Rate Increaserequire chore in exchange for allowanceraise insurance deductibleFundsSave Us Moneyteach importance of helping othersAshley Springerpay credit debt ASAPbad retirement planningresponsible with moneyWashingtonFinal GoodbyeInterestLTC shoppingFree Debt EliminatorAmy Lacyetstudent loan repayment estimator4 Must Have Documents social work20% down paymentavoid burn outbuying a carget credit carddebtcan you afford itroth irachildren under 18HeartLTCMarlo Thomasunexpected expensespecial saving accountzero rate transfer deals40% toward financial goalRetirement Incomepermanent life insuranceborrow each year, capitalization is going to pile up store credit cardsGay Couplesunder 18 financial giftcomparison shoppingCredit Card Interest RateBankruptcyPersonal Financepurely financial standpointStaffords this year have a fixed 6.8% interest rateincrease retirement contribution raterequired disclosurewomen live longeralways use all paid time offSuze changed my lifepreexisting condition not coveredSuze Orman10 year repayment plan women longer life spanteensFinancial AwarenessRevocable Living Trustfinancial goal phrasewomen outlive men6 month waiting periodRichsuccesscar leasinghome budget after tax coststudent loan debtstudent loan repaymentCommencementSuze Orman's Money Warsfamily save at least $100 monthlygay marriage ban end Florida ultimate compounding giftCory Bookeroverspend on nights outsocial security never insolventdon't ignore open enrollment2015 financial roadmapbreakdown projected monthly housing costemotional stakesget over life insurance phobiaStock Investmentsloan big picture Student DebtLong Term Care Insurance monthly benefit teach your child good money habitstaxesback door Roth IRAconfident of solutioncut monthly cellular billUniversity of IllinoisCNBCSuze Orman spouse Kathy TravisGracebe kind to yourselfTeachcar buying mistakesbill paying prioritieslousy investmentEmergency Savings8 month emergency fundhigh premiumsretirment savingsswitch to roth 401(k)dear suzemax benefit covereddoctors in networkAccuQuote.combuying car 2016Most Influential Celebrities Listretirement accountsletter to suzedon't spend be true to yourselfkeep a scheduleHSA tax savingsCollege of Veterinary MedicineAlarm Clockschool is it true? Financial Awareness Video Festivalbest loan deal paying for collegestudentlong-term care Forbes Top 10Americans don't use all paid vacation timeLoveFRAterm life insurancepublic service career student loan repayment financial independenceprovider of financial supportstudent loan repayment planinterest on student loansdental insurance Telepicturespaid vacationmortgagedeath benefit 20 to 25 times annual incomemarriage financial responsibilitycostly insurance mistakeGiftno tax on withdrawlshome loan credit score below 740 LTCi ASAPPhyllis Shelton expert long-term careloan no longer than 36monthsRetirement Savingslive below your meansjanuary billsverify retirement plan with HR or plan sponsorcommunity collegegrandchild summer job IRA contributionsame sex marriage band end Floridacnbc alarm clockdream schoolignore 6 month grace period NewtownCivil Rightsworst financial mistake401(k) Contributionsmobile appone annual feeMoney Market3 step financial road mapSandy Hook Promiseyours, mine & oursBaby Boomerswives should be involved in retirementretirement planfocus on new truth Easy Life Insurance Mothercollege graduatetake actionholiday spendingpay off debtThe Suze Orman Showmake saving a pleasureSuze Orman Scholarshipmanage student loansinterest capitalization2015 record year car salesWall Streetage appropriate choreno life insurance financially irresponsible19 years cash flow problemfour steps to retirement savings Student Loaninsuranceraise deductiblessave Suze is my biggest mentorfederal student loan deferment insurance mistakeEric Dodge Financial Power of Attorneycreate new truthhome buying mistakesUS Tax Codeget health insurancepay interest while in schoolAARP Social security calculatorteens and money50 over 50credit cardInfluential CelebrityForbeslet them have 50% controlprotect and provide for minor child speak new goalmoney vowswould you decline a bonusno waiting periodoverspend on dining outMoney-Savingpercentage of women widowed 75-84shop online guaranteed level term policySuze approveddental discount planat worst still pay 75% benefitdental savings planHDHP's are not badcredit reportFinancialincrease emergency savingsautomate student loan paymentsFederal Funds Ratephysical healthsocial security not going brokewomen long term careknow before you owedon't do five year car loanInfluentialsHow To Build Creditpush yourself to save more for retirementincentives for health care wellness screeningmax employer matched 401(k) contributionForeclosurealternative FICO scoredangerous money seasonpresident Obamainitial tax break emergency fund savingsloan necessityFinancial Adviceprotect loved ones lower mortgage interestBank8 month safety netpublic service loan forgiveness programcost of capitalization calculatornot gender specific gift not loanHDHP's are good for yourent vs buyemployer funding HSAsave moneyPrime Rate Rise 2015television hostGay Rightsconsider roth 401(k)financial argumentsvalentines dayGiftsFICO ScoreLong Term Care shoppingOne Wallet At A Timeapproved medical 100% tax-freeverify wellness screening and programsdebit cardHolidayAdequate Auto and Home InsuranceHoliday Shoppingdon't use allowance as bribeheartachegrandparent IRA contribution retirementunsubsidized Stafford loanSandy Hook Elementary Schooldo not pay allowance for good behaviorFinancial Educatorfull retirement agegraduationwrite new goalopen enrollment review Financial CliffNew american Dream don't cover cosmetic dentistry401Kprotect dependent home buying budgetbad decisionsInvest for savings growthLifestyleprotect your familyFinancial Solutions For Youoverspend on giftsenjoy saving traditional vs roth 401(k)


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