Suze Orman Quotes About Student Loans

Quotes about: Student Loans

• The most important loan to pay is your student loan. It's more important than your mortgage, car and credit card payments. You cannot discharge student loan debt in the majority of cases.

  Suze Orman

  Car, Important, Majority

• Even if you were to fall into extreme financial hardship and file for bankruptcy, you need to understand that your student loan debt will not be discharged in bankruptcy. It is the Velcro of all debts.

  Suze Orman

  Fall, Financial Hardship, Velcro

• Learn how to prioritize all your debt. And did you know student loan debt is the most dangerous debt any of us can have?

  Suze Orman

  Debt, Students, Loan

• Private student loans should be avoided at all costs.

  Suze Orman

  Cost, Students, Loan

  "Suze Orman Warns Against Private Student Loans, Yet Teaches at University of Phoenix" by David Halperin, www.huffingtonpost.com. May 6, 2014.

• You're thinking to yourself, 'How is it possible that I am going to pay back $150,000 in student loans? I'm never going to pay that back. What am I going to do?' Listen to me and listen to me good, class of 2013. I want you to think back to all of these things you said to yourself, 'I can't do that. I can't palpate a cow. And what's worse, palpating a cow or taking semen from a horse?' But you did it, didn't you?

  Suze Orman

  Wisdom, Horse, Work

• Remember that in most cases, student loan debt is not dischargeable in bankruptcy. So you continue to pay it off anyway. Those who have very low interest rates (2-2.5 percent) on student loans and know everything is secure, great.

  Suze Orman

  Debt, Pay, Students

  "Debt vs. debt: Which loans do I pay off first?". "Today" Interview, www.today.com. May 6, 2009.

• If you have credit card debt and credit card companies continue to close down the cards, what are you going to do? What are you going to do if they raise your interest rates to 32 percent? That's five times higher than what your kid is going to pay in interest on a student loan. Get rid of your credit card debt.

  Suze Orman

  Kids, Cards, Credit

  "Debt vs. debt: Which loans do I pay off first?". "Today" Interview, www.today.com. May 6, 2009.

• But credit card debt is unsecured debt, which means if you get in trouble and cannot pay off your credit card, you can discharge it in bankruptcy. What are they going do to you? If you're in a financial position to just methodically pay off both credit card and student loans, pay them all.

  Suze Orman

  Mean, Cards, Credit

  "Debt vs. debt: Which loans do I pay off first?". "Today" Interview, www.today.com. May 6, 2009.

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