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.

 

READ FULL ARTICLE

Suze Orman takes on the student loan crisis

Tag Cloud

emergency fund no fee transfer10% donate to charityis it kind?borrow each year, capitalization is going to pile up peace of mindhealthy youmonthly benefit pay off debtgift up to 14,000don't ignore open enrollmentadvice for college graduates8 month safety netidentity theftUniversity of Illinoiswomen longer life spansuitableno sneaking in fees3 step financial road mapmarriage inequalityFinancial Gift CliffFinancial Clifftraditional vs roth 401(k)HeartNewtownSuze changed my lifewomen live longernear historic lowsgift not loanHDHP's are not badFinancial Power of Attorneycostly legal calculate dependents annual income needsstrained relationship4 Must Have Documents lower premiummaintain standard of livingget the most out of social security be kind to yourselfpositivehealthy retirement blood pressurePBS Specialprotect dependent University of Floridaraising interest ratesdon't buy wantsretirementpay high rate off firstrequire chore in exchange for allowancestandard ratefamily save at least $100 monthlyreplace permanent life insurance with termgrandparent IRA contribution credit managementonly offered while employed Influentialsno private loanshome buying budgetSuze Orman spouse Kathy Travisderailed planCredit Card Rate Increaseuniversal college accesscost of capitalization calculatorshort term goal ARM Cautionschool retain separate credit cardsInterestalternative FICO scoreapproved medical 100% tax-freebetter loan dealsLTC shoppingincreased auto insurance premiumFixed Rate Mortgageinsuranceage appropriate goalsMinor Children Money-Savingcut monthly cable billPrime Rate Rise 2015too expensive schoolsavings pleasuresidelinedbetter termsface your financial fearFinancial Advicelower interest ratecompare monthly expensessocial security not going brokesmall changes Washingtonschedule vacationLong Term Care Insurance Financial Educatorone credit cardalways use all paid time offreferrals FICO credit score credit card mortgagebuy down reduce withholdingSuze Orman ScholarshipFRAlow mileage discountFinancial Solutions For Youautomatic paymentprotect and provide for minor child write new goalcomparison shoppingConventional loan PMIknow before you oweSelfishplanMoney Marketletter to suzeterm insurance2017 Taxesback door Roth IRAloved ones dependent on incomepowerfuladjust allocations Inflation BenefitCOLAEmployer Matched Contributionis it necessarymake saving a pleasureChanging Livespoint cost offset by savingsForbes Top 10preexisting condition not coveredWillstaycationCD'sbe good exampleis it necessary?high premiumsFederal Stafford loanpay down student loan debtForeclosureprotect loved ones high down paymentLong Term Care premiumsprovider of financial supportsave mortgage disclosuremarriage financial responsibilitybad retirement planningswitch to spouse coverageLong Term Care shoppinggay marriage ban end Florida studentwaive home inspection bidmax employee matchstudent loan repayment estimatorpaid vacationtelevision hostbreakdown projected monthly housing costtitle insuranceage appropriate choreDurable Power of Attorney for Health Carebe true to yourselfback-to-school budgetPhyllis Shelton expert long-term careAARP Social security calculatorMass Mutualoverspend on nights out3 bucket approachzero rate transfer dealschildren's bookdebt freeearn more on savingsstudent loan repayment planspeak new goalVeterinary Schoolritual schedulecredit utilization ratelife insurance name trust as beneficiarybuy home you can affordFICO at least 720reduce interest rateverify retirement plan with HR or plan sponsoriffy incomeMarlo ThomasNew american Dream wives should be involved in retirementteach your child good money habitshome buying mistakesCNBCunsubsidized Stafford loanGoodbyelower mortgage interestcommunity bankdon't use allowance as bribereduce monthly paymentno tax on withdrawlsoverspend on giftsEmergency SavingsFree Debt Eliminatormortgage15 year mortgagehome related tax break bonus four steps to retirement savings FHA loan feesgift grandchild IRA contribution2015 record year car salesdebit cardclosing feesdo not pay allowance for good behaviorMoneyEric Dodge ETF'sSelectQuote.comget credit cardBaby BoomersSpendingreal estate mistakesCommunication Skills don't charge a pennystore credit cardssummer job match income manage student loansfinancing car Pay Off Debt Before Retirement50 over 50Holiday20% down paymentprofessional advisorhome budget after tax costpermanent life insuranceAccuQuote.comFinancial Awareness Video FestivalInvest for savings growthrequired disclosureclosing disclosurecharges on credit cardloan is giftspecial saving accountSuze Orman's Money WarsGiftHoliday Seasonlong term goalStock InvestmentsInfluential Celebrityget health insuranceYoung Adult couple financesbig results increase retirement savingsopen enrollment review raise deductiblesAmy Lacyettax ID theftworst financial mistakeeliminate credit card debtpremiumbest interest of investorretirment savingsRevocable Living Trustinterest on student loansresponsible with moneydon't extend mortgage rolloverautomatic withdraw to savings raise insurance deductiblewould you decline a bonusbuy homecredit reportnegotiate points with bank or sellercommitinterest capitalizationrising home pricestax refund fraudUS Tax Codedream schoolbill paying prioritiesignore 6 month grace period Jose Rodriguezlowest cost fund optionaffordable premiumincrease retirement contribution ratefinancial fearsone annual feehome insuranceanticipated salarygrandchild summer job IRA contributionHow To Build Creditat worst still pay 75% benefitRetirement Savingskeep a scheduleraising mortgage rates roth iraLifestyleGraceForbesCredit scoredeath benefit needs for familyemployer offered life insurancebecome member pay more than minimum20 to 25 times annual incomeadult childrencut monthly cellular billhome ownership20 year level term dangerous retirement planenjoy saving physical healthallowance taskIRA contribution gifted moneyno apologysavingsmoney-aware childco-sign percentage men widowed 75-84protect your familyCivil Rightssecured cardfinancial aidHSA tax savingsconfident of solutiondoctors in networklong-term care premiumsborrowing plan buying car 2016public service career student loan repayment Cory Bookerengaged in financesHoliday Shoppingquick closingOne Wallet At A Timecredit unionultimate compounding giftsave moneymax benefit coveredHDHP BeautyThe Suze Orman Showtake actionmax employer matched 401(k) contributionMortgage Credit Availability Indexfocus on needsemployer funding HSApay credit debt ASAPconfident2015 financial roadmapteach importance of helping otherslive below your meansdental insurance Richmortgage brokersame sex marriage band end Floridaloan necessityfile taxes quicklyhigher monthly payment401(k) Contributionscan you afford itclosing costs 2% of loanheartacheSchool of Social WorkAmericans don't use all paid vacation timefederal student loan deferment Student Debt Crisisemergency fund savingslousy investmentAARPAuto Savings financial concerngraduationhealthy aging affordabilityjanuary billsbetter loan ratesyours, mine & oursSandy Hook Elementary Schoolmoney vowslow credit scoreSatisfyingstudent loan repaymentSuze approvedLegal GuardianFederal ReserveBankruptcyhome loan credit score below 740 Student LoanMotherinsurance mistakeEasy Life Insurance highest possible benefitlow-cost index mutual fundCombo Insurance Productsstudent loan debtlong-term care percentage of women widowed 75-84accelerate dental worklearn good financial choiceslong term careStudent DebtHigh FICO Score = Better Ratedebtbest interest ratesmeet monthly allowancehigh FICO scoredon't derail retirement savingsthree year car loaneight month living expense itemized deductionRoth 401(k)Wall Streetno interest6 month waiting periodpay down car loandon't defer interest paymentsno private loanconsider roth 401(k)workaholicCommencementhome buying seasonsecure creditcar leasingemotional stakespay 100% cashhealthy gumsfinancial argumentsExhibitionno life insurance financially irresponsibleidentity fraudtaxesCollege of Veterinary Medicinehigher insurance deductiblelow down paymentcar buying mistakespay interest while in schoolsocial workmental healthGay Couplescollege graduatewomen outlive mendoctor no longer in networkrefundDeath Benefitovercome financial fearsnon conventional routecommunity collegefull retirement ageCiti Simplicity Card dear suzeFICO Scorecontribute household expenses earn allowancesocial security never insolventchildren under 18commissionsavoid burn outteensunder 18 financial giftwomen long term carebest loan deal 10 year repayment plan bad decisionsFundsTeach30 year mortgage kid borrow firststandard deduction verify wellness screening and programsburn out401KFinancial Systemnew car3 savings buckets dental discount plancontribution push yourself to save more for retirementis it true? CPI-Wstretch out haircut appointmentsBill and Pennyfocus on new truth Gay Rightscostly insurance mistakedon't blow tax refundno retirement funds for down paymentsame-sex marriagefile asapSwap Older Annuities or Life Insurance healthy retirement weightincentives for health care wellness screeningunexpected expensecnbc alarm clockorigination feesStaffords this year have a fixed 6.8% interest rateLTCi ASAPARMdon't cover cosmetic dentistry2016 adjust withholdingteens and moneypaying for collegeinsurance yearly reviewrepay student loanscredit cardSuze is my biggest mentorloan big picture financial goal phrasehigh credit score discountraise your deductiblevalue moneynot gender specific initial tax break mobile appescrowdo you need life insuranceexercise reguarlydeath benefit 20 to 25 times annual incomepresident ObamaRevocable Trust2016 adjust estimated taxAshley Springer8 month emergency fundshorter payback period!00% tuition paidjuggle multiple financial goalslet them have 50% controldepreciating asset purely financial standpointFinancialfinancial independencemultiple lendersGiftsBank19 years cash flow problemsocial securityproperty taxVital Documentsno splurge prescription tiercreate new truthcompare provider pricinglower ratedon't do five year car loanLovePrime Rate IncreaseUrbana-Champaignbudgetsetup automatic savings withdrawHigh Credit Scorepaid in fullbuying a carMust Have DocumentsHDHP's are good for youCredit Card Interest Rate3% debt transferred Financial Awarenessno waiting periodFiscal ResponsibilitysuccessNew York LifeRetirement Incomeno late fee retirement planspring summer annual cost of living adjustmentfraudulent returnLTCSandy Hook PromiseHDHP/HSAcar loanterm life insurance20% equity740 credit scoreAdequate Auto and Home Insurancerent vs buydental savings planswitch to roth 401(k)increase emergency savingslife insurancereal estate marketadd teenFinal GoodbyeFederal PLUS loanOverspendingSave Us Moneymonthly dental insurance premiumPost-Divorceautomate student loan paymentsPersonal Financenot enough life insuranceleave a legacyshop online guaranteed level term policyget over life insurance phobiavalentines day15-year refinance deal40% toward financial goalrefinanceno negativityhealthy teethFederal Funds Rateretirement accountshousing marketdangerous money season20% down payment avoid feesmortgage interest tax deductionhigh deductible health care plandon't spend 8 RulesSuze Ormanbalance transfer kids schedule paymentsresponsibleoverspend on dining outAlarm Clockcollege studentpublic service loan forgiveness programfiduciaryloan no longer than 36monthsstay positiveholiday spendingWarner Bros Television Grouponly refinance if it paysTelepictureslower overall drug costMost Influential Celebrities ListHDHP's


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