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.



Suze Orman takes on the student loan crisis

Tag Cloud

teensTeachsuccessAARPPrime Rate IncreaseAlarm ClockMotherFinancial EducatorWarner Bros Television GroupTelepicturesstudent loan debtFinancial SystemStudent DebtgraduationMoney MarketCommencementSandy Hook Promiseretirement accountsWall StreetThe Suze Orman Showteens and moneycommunity collegeStudent LoanFederal Funds RateHow To Build CreditSuze Orman spouse Kathy TravisstudentYoung Adult mobile appdebtMoneyMost Influential Celebrities ListPrime Rate Rise 2015Fiscal Responsibility401(k) ContributionsCommunication Skills FundsUniversity of FloridaFinal GoodbyeSuze approvedGoodbyeForbesNewtowndear suzeCollege of Veterinary MedicineGiftOne Wallet At A TimeSuze Orman's Money WarsFinancial Awarenessstudent loan repaymentChanging Livesemergency fund savingsVeterinary Schoolsocial workRichPersonal FinanceMortgage Credit Availability Index2015 financial roadmapstudent loan repayment estimator50 over 50Suze OrmanFinancial AdviceGraceretirment savingsPay Off Debt Before RetirementBaby BoomersCivil RightsFinancial Gift CliffMarlo ThomasUrbana-ChampaignCory BookerForbes Top 10paying for collegeGay RightsFinancial Awareness Video Festivalletter to suzeHolidayHoliday SeasonOverspendingInfluentialsdream schoolPBS SpecialCNBCBeautyRetirement Income!00% tuition paiduniversal college accessExhibitionsame-sex marriageMoney-SavingLoveRetirement SavingsBankruptcySchool of Social Workretirement8 Rulesbill paying prioritiessame sex marriage band end FloridaPost-DivorcetaxesWashingtonBankGiftsJose Rodriguezcnbc alarm clockCredit Card Rate IncreaseFinancial CliffGay CouplesForeclosureStudent Debt Crisistelevision hostgay marriage ban end Florida InterestHeartpresident ObamaSatisfyingFinancial3 step financial road mapUniversity of IllinoisFree Debt EliminatorSave Us Moneyschool Sandy Hook Elementary Schoolmarriage inequalityFinancial Solutions For YouInfluential CelebrityStock InvestmentsEmergency SavingsSpendingUS Tax CodeLifestyleAshley SpringerCredit Card Interest Ratecredit cardstudent loan repayment plandebit cardHoliday Shopping401KSuze Orman Scholarship

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