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

LTCi ASAPretirment savingsno private loanreduce monthly paymentbuying a carbill paying prioritiesGiftlower premiumPost-Divorceworkaholicnot enough life insuranceaffordable premiumis it kind?no retirement funds for down paymentno life insurance financially irresponsibleSatisfyingget the most out of social security Invest for savings growthignore 6 month grace period low down paymentSwap Older Annuities or Life Insurance home buying seasonbe good exampleNew York Lifehighest possible benefitsocial security not going brokePay Off Debt Before RetirementSelectQuote.comritual scheduleno waiting periodget health insuranceemployer funding HSA8 month safety net20 to 25 times annual incomeearn more on savingsdangerous money seasonThe Suze Orman ShowMinor Children CD'sstore credit cardsFinancial Clifforigination feeschildren under 18family save at least $100 monthlyhealthy retirement weightmaintain standard of livingAmericans don't use all paid vacation timeGay RightsSuze Orman Scholarshipraising mortgage rates multiple lendersdepreciating asset be kind to yourselftoo expensive schooldo not pay allowance for good behaviorAuto Savings FICO ScoreFICO at least 720increased auto insurance premiumhealthy retirement blood pressurehealthy aging HDHP/HSAzero rate transfer dealsspring summer 15 year mortgagedoctor no longer in networkfile asapETF'sConventional loan PMIPhyllis Shelton expert long-term care2015 record year car salesburn outpaying for collegeMarlo Thomas40% toward financial goalHeartpermanent life insurancethree year car loanlong term careadjust allocations Wall Streetterm insuranceSuze Orman spouse Kathy TravisCollege of Veterinary MedicineHolidaydon't spend make saving a pleasureGracehome related tax break bonus real estate mistakesgrandparent IRA contribution financial aidlong term goalsame-sex marriagedo you need life insuranceno negativityno tax on withdrawlscnbc alarm clockYoung Adult Free Debt Eliminatorresponsible with moneyFinancial Power of AttorneySuze Ormandon't use allowance as bribebecome member retirement accountsinterest capitalizationadd teenGiftsunsubsidized Stafford loanSuze is my biggest mentorquick closingHoliday Season2016 adjust estimated taxLong Term Care shoppingdeath benefit 20 to 25 times annual incomecut monthly cable billhome insurancewomen long term careincrease retirement savingspresident Obamadon't buy wantsborrow each year, capitalization is going to pile up long-term care premiumsnew carconfident of solutionSave Us MoneySuze approvedfinancial goal phraseFHA loan feeslow-cost index mutual fundbuy down positivehousing marketrequire chore in exchange for allowanceInterestpeace of mindemployer offered life insuranceletter to suzeage appropriate goalsjuggle multiple financial goalswaive home inspection bidForbesonly refinance if it paysallowancemarriage financial responsibilityunder 18 financial giftdeath benefit needs for familyInfluential CelebrityFRAfederal student loan deferment GoodbyeCommencementschool women outlive menterm life insurancemental healthenjoy saving loan necessityexercise reguarlybuy home you can affordPBS Specialanticipated salaryBaby Boomersinsurance yearly reviewsave 2017 Taxespercentage men widowed 75-84Amy LacyetMust Have Documentscan you afford itiffy incomeknow before you owe10 year repayment plan pay interest while in schoolpercentage of women widowed 75-84LTCExhibitionlong-term care stay positivecompare provider pricingCredit Card Interest RateMoney-Savingteach your child good money habitssavingsmax benefit coveredpremiumemotional stakesfinancial argumentsSchool of Social WorkRoth 401(k)How To Build Creditautomate student loan paymentsdon't cover cosmetic dentistrytraditional vs roth 401(k)Revocable Trustpaid in fullstudent loan repaymentBill and PennyStock Investmentsemergency fund let them have 50% controlalternative FICO score401(k) Contributionsdoctors in networkcalculate dependents annual income needsraise your deductibleretirement plandebit cardspeak new goalcredit cardFinancial AwarenessMost Influential Celebrities ListInflation Benefitrollovermortgagesummer job match income US Tax Codeinsurance mistakereferrals 19 years cash flow problemstandard rateback-to-school budgetautomatic paymentsidelinedARMlower overall drug costmonthly benefit don't defer interest paymentsalways use all paid time offDurable Power of Attorney for Health Carebudgetultimate compounding gift!00% tuition paidfull retirement agecredit managementmax employee matchbe true to yourselfUrbana-Champaignbest loan deal Changing Lives2015 financial roadmapconsider roth 401(k)20% down payment avoid feespay down student loan debtcomparison shoppingis it necessary?Personal Financeloved ones dependent on incomestretch out haircut appointmentsRetirement SavingsHigh Credit Scorevalue moneytitle insuranceSuze changed my lifeuniversal college accesschildren's bookTeachmoney vowsitemized deductionSpendingtax ID thefthealthy teethdebtCivil Rightsno fee transferHDHP'scollege graduatewives should be involved in retirementnot gender specific financial fears50 over 50bad decisionsbuying car 2016lower interest rateincrease retirement contribution rateyours, mine & oursOne Wallet At A Timelive below your meanspublic service loan forgiveness programeight month living expense borrowing plan shorter payback periodannual cost of living adjustmentbreakdown projected monthly housing costadult childrenCPI-Wreplace permanent life insurance with termallowance taskSandy Hook Promiseinsurancedear suzestrained relationshiplife insurance name trust as beneficiaryFederal Funds Rateprotect dependent student loan repayment planhigh deductible health care planverify wellness screening and programssocial security never insolventNewtownFixed Rate Mortgagesocial securityHDHP's are not badFederal PLUS loanaccelerate dental workHDHP's are good for youFederal Reserveresponsibledon't extend mortgage retain separate credit cardsNew american Dream tax refund fraudSandy Hook Elementary Schoolfinancial concerngift up to 14,000AccuQuote.comprovider of financial supportschedule vacationRichidentity fraudFinancial Awareness Video FestivalCombo Insurance Productsraise insurance deductibleconfidentsave moneyVital Documentsfinancial independence8 Rulesapproved medical 100% tax-free3% debt transferred no late fee successlow mileage discountdon't ignore open enrollmentnon conventional routefile taxes quicklycostly insurance mistakeAshley Springerfour steps to retirement savings Student LoanIRA contribution gifted moneyAdequate Auto and Home InsuranceLoveCommunication Skills Moneypay down car loanproperty taxovercome financial fearspay off debtsetup automatic savings withdrawpoint cost offset by savingsmortgage disclosurestudentinitial tax break no apologyoverspend on nights outpush yourself to save more for retirementpublic service career student loan repayment Student Debtfocus on new truth refundFinancial Systemjanuary billstake actionEasy Life Insurance negotiate points with bank or sellerworst financial mistakedream schoolinterest on student loanscar loancar buying mistakescontribute household expenses charges on credit cardno private loansBeautyhome loan credit score below 740 20% down paymentincrease emergency savingsis it necessarycommunity collegereal estate marketrequired disclosure20% equityMotherMoney MarketStudent Debt Crisisget credit cardWarner Bros Television GroupVeterinary SchoolDeath Benefitphysical healthmoney-aware childgraduationlow credit scoreSuze Orman's Money Warsopen enrollment review paid vacationlower mortgage interestbetter termsrent vs buyemergency fund savingsgay marriage ban end Florida 740 credit scoreone credit cardlowest cost fund optionstudent loan repayment estimatorbuy homepowerfulhome budget after tax costpay credit debt ASAPUniversity of Illinoiscompare monthly expensesmax employer matched 401(k) contributionRevocable Living Trustavoid burn outswitch to spouse coverage3 savings buckets switch to roth 401(k)focus on needsstaycationGay Couplesoverspend on giftsWillgift not loancredit reportcost of capitalization calculatorraising interest ratesOverspending10% donate to charityno sneaking in feeshigh FICO scoreEmergency SavingsCredit scorecollege studenthome ownershipaffordabilitykeep a schedulehigh down paymentHSA tax savingsUniversity of Florida8 month emergency fundJose Rodriguezrefinancesmall changes Washingtonbetter loan rates15-year refinance dealFinancial Advicedon't charge a pennypay high rate off first2016 adjust withholdingeliminate credit card debtHDHP holiday spendingMortgage Credit Availability IndexCredit Card Rate IncreaseAlarm Clockraise deductiblesFiscal Responsibility3 bucket approachLegal GuardianBankruptcyescrowtaxesFinancialsame sex marriage band end Floridaclosing disclosurehigher insurance deductiblederailed plankids schedule paymentsbetter loan dealsplanLTC shoppingoverspend on dining outno interestage appropriate choredebt freeLifestyletelevision hostfraudulent returnclosing costs 2% of loanPrime Rate Rise 2015shop online guaranteed level term policydental discount plandental savings planautomatic withdraw to savings short term goal protect loved ones mortgage brokerclosing feesdon't blow tax refundhigher monthly paymentat worst still pay 75% benefitdon't do five year car loanreduce interest raterising home pricesHoliday Shoppingspecial saving accounthome buying budgetFederal Stafford loancouple financesteens and moneyloan no longer than 36monthslife insurancePrime Rate IncreaseFinal GoodbyeCOLAEric Dodge purely financial standpointidentity theftdangerous retirement plannear historic lowshigh premiumsone annual feewomen live longerco-sign Long Term Care premiumsprotect your familymanage student loansmobile appmarriage inequalitydental insurance Fundspay more than minimumAARP Social security calculatorEmployer Matched Contributionprescription tierForbes Top 10Citi Simplicity Card cut monthly cellular billhealthy gumsLong Term Care Insurance would you decline a bonusFinancial Solutions For Youstandard deduction grandchild summer job IRA contributionprotect and provide for minor child create new truthroth irasavings pleasureloan big picture heartacheincentives for health care wellness screeninglousy investmentlearn good financial choicesrepay student loanssecure creditkid borrow first6 month waiting periodface your financial fearlower rateis it true? best interest ratesSelfishcostly legal Retirement Incomemortgage interest tax deductionvalentines dayFinancial Gift Cliffgift grandchild IRA contributionCory Bookercar leasinghigh credit score discountcommitInfluentialshome buying mistakesbig results CNBCsocial workwrite new goalARM Cautionunexpected expensedon't derail retirement savingsteensretirementonly offered while employed credit utilization ratemeet monthly Financial EducatorHigh FICO Score = Better Rate20 year level term ForeclosureAARPcredit unionbalance transfer bad retirement planningTelepicturesverify retirement plan with HR or plan sponsor4 Must Have Documents advice for college graduatescommunity bankreduce withholdingfinancing car student loan debtteach importance of helping othersFICO credit score credit card mortgageStaffords this year have a fixed 6.8% interest rateback door Roth IRABank30 year mortgage get over life insurance phobiahealthy you401Kmonthly dental insurance premiumMass Mutualsecured cardpreexisting condition not coveredpay 100% cash3 step financial road mapcontribution earn allowanceloan is giftwomen longer life spanleave a legacyno splurge

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
© 2017 Suze Orman Media Inc. All rights reserved.
 |  Search  |  Sitemap  |  Privacy  |  Terms
Sign Up For E-mail Offers
Open Panel
Close Panel